Bank of Montreal 2012 Annual Report Download - page 107

Supplemental Information
SUPPLEMENTAL INFORMATION
Table 6: Other Statistical Information
As at or for the year ended October 31 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003
Other Information
Employees (1)
Canada 30,767 31,351 29,821 29,118 29,529 28,944 27,922 26,684 26,494 26,842
United States 14,963 15,184 7,445 6,732 7,256 6,595 6,785 6,901 6,900 6,974
Other 542 440 363 323 288 288 234 200 199 177
Total 46,272 46,975 37,629 36,173 37,073 35,827 34,941 33,785 33,593 33,993
Bank branches
Canada 930 920 910 900 983 977 963 968 988 970
United States 638 688 321 290 292 243 215 208 182 168
Other 3335544444
Total 1,571 1,611 1,234 1,195 1,280 1,224 1,182 1,180 1,174 1,142
Automated banking machines
Canada 2,596 2,235 2,076 2,030 2,026 1,978 1,936 1,952 1,993 2,023
United States 1,375 1,366 905 636 640 583 547 539 479 439
Total 3,971 3,601 2,981 2,666 2,666 2,561 2,483 2,491 2,472 2,462
Rates
Average Canadian prime rate (%) 3.00 3.00 2.46 2.70 5.21 6.08 5.57 4.30 4.05 4.69
Average U.S. prime rate (%) 3.25 3.25 3.25 3.34 5.69 8.19 7.76 5.85 4.17 4.17
Canadian/U.S. dollar exchange rates ($)
High 1.05 1.06 1.08 1.30 1.29 1.19 1.20 1.27 1.40 1.59
Low 0.97 0.94 1.00 1.03 0.92 0.95 1.10 1.16 1.22 1.30
Average 1.00 0.99 1.04 1.16 1.03 1.09 1.13 1.21 1.31 1.44
End of year 1.00 1.00 1.02 1.08 1.20 0.94 1.12 1.18 1.22 1.32
(1) Reflects full-time equivalent number of employees, comprising full-time and part-time employees and adjustments for overtime hours.
Table 7: Revenue and Revenue Growth ($ millions, except as noted)
For the year ended October 31 2012 2011 2010 2009 2008
5-year
CAGR
10-year
CAGR
Net Interest Income 8,808 7,474 6,235 5,570 5,072 12.8 6.5
Year-over-year growth (%) 17.8 19.9 11.9 9.8 5.0 na na
Adjusted Net Interest Income 8,029 7,248 6,235 5,570 5,072 10.7 5.5
Year-over-year growth (%) 10.8 16.3 11.9 9.8 5.0 na na
Net Interest Margin (1)
Average earning assets 460,205 404,195 332,468 341,848 326,803 8.6 8.6
Net interest margin (%) 1.91 1.85 1.88 1.63 1.55 na na
Adjusted net interest margin (%) 1.74 1.79 1.88 1.63 1.55 na na
Canadian dollar net interest margin (%) 1.85 1.99 2.12 1.78 2.00 na na
U.S. dollar and other currencies net interest margin (%) 2.01 1.61 1.47 1.43 0.92 na na
Non-Interest Revenue
Securities commissions and fees 1,146 1,215 1,077 973 1,105 – 3.5
Deposit and payment service charges 929 834 802 820 756 5.0 2.4
Trading revenues (losses) 1,025 549 504 723 546 nm 17.2
Lending fees 641 593 572 556 429 9.6 7.7
Card fees 708 689 233 121 291 45.8 10.5
Investment management and custodial fees 725 496 355 344 339 17.6 8.8
Mutual fund revenues 647 633 550 467 589 2.4 7.7
Securitization revenues –– 678 929 513 (85.2) (61.9)
Underwriting and advisory fees 442 512 445 397 353 (3.5) 6.8
Securities gains (losses), other than trading 152 189 150 (354) (315) (9.3) nm
Foreign exchange, other than trading 153 130 93 53 80 3.0 0.1
Insurance income 335 283 321 295 237 6.3 12.3
Other revenues 419 346 224 170 210 8.9 2.9
Total non-interest revenue 7,322 6,469 6,004 5,494 5,133 10.1 6.4
Year-over-year growth (%) 13.2 7.7 9.3 7.0 13.6 na na
Non-interest revenue as a % of revenue 45.4 46.4 49.1 49.7 50.3 na na
Adjusted non-interest revenue 7,038 6,494 6,004 6,015 5,521 5.2 7.2
Year-over-year adjusted non-interest revenue growth (%) 8.4 8.1 (0.2) 8.9 1.0 na na
Adjusted non-interest revenue as a % of adjusted revenue 46.7 47.3 49.1 51.9 52.1 na na
Total Revenue 16,130 13,943 12,239 11,064 10,205 11.5 6.5
Year-over-year total revenue growth (%) 15.7 13.9 10.6 8.4 9.2 na na
Total Adjusted Revenue 15,067 13,742 12,239 11,585 10,593 7.9 5.7
Year-over-year total adjusted revenue growth (%) 9.7 12.3 5.7 9.4 2.9 na na
2010 and prior based on CGAAP. Five and ten year CAGR based on CGAAP in 2007 and 2002, respectively, and on IFRS in 2012. 2011 growth rates based on CGAAP in 2010 and IFRS in 2011.
(1) Net interest margin is calculated based on average earning assets.
na – not applicable
nm – not meaningful
104 BMO Financial Group 195th Annual Report 2012