Bank of Montreal 2013 Annual Report Download - page 114

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Consolidated Statement of Income
For the Year Ended October 31 (Canadian $ in millions, except as noted) 2013 2012 2011
Interest, Dividend and Fee Income
Loans
Securities (Note 3)
Deposits with banks
$ 10,746
2,143
244
$ 11,141
2,265
239
$ 10,203
2,176
145
13,133 13,645 12,524
Interest Expense
Deposits
Subordinated debt 2,633
145 2,578
165 2,693
157
Capital trust securities (Note 18)
Other liabilities 47
1,763 51
2,043 76
2,124
4,588 4,837 5,050
Net Interest Income 8,545 8,808 7,474
Non-Interest Revenue
Securities commissions and fees
Deposit and payment service charges
Trading revenues
Lending fees
Card fees
1,182
916
849
715
724
1,146
929
1,025
641
708
1,215
834
549
593
689
Investment management and custodial fees
Mutual fund revenues 726
799 725
647 496
633
Underwriting and advisory fees
Securities gains, other than trading (Note 3)
Foreign exchange, other than trading
Insurance income
488
285
172
445
442
152
153
335
512
189
130
283
Other 417 419 346
7,718 7,322 6,469
Total Revenue 16,263 16,130 13,943
Provision for Credit Losses (Note 4) 589 765 1,212
Non-Interest Expense
Employee compensation (Notes 22 and 23)
Premises and equipment (Note 11)
Amortization of intangible assets (Note 13)
Travel and business development
Communications
5,827
1,877
352
514
291
5,628
1,916
339
491
301
4,827
1,578
231
382
259
Business and capital taxes
Professional fees 39
527 46
593 51
624
Other 870 924 789
10,297 10,238 8,741
Income Before Provision for Income Taxes
Provision for income taxes (Note 24)
5,377
1,129 5,127
938 3,990
876
Net Income $ 4,248 $ 4,189 $ 3,114
Attributable to:
Bank shareholders 4,183 4,115 3,041
Non-controlling interest in subsidiaries (Note 18) 65 74 73
Net Income $ 4,248 $ 4,189 $ 3,114
Earnings Per Share (Canadian $) (Note 25)
Basic $ 6.27 $ 6.18 $ 4.90
Diluted 6.26 6.15 4.84
The accompanying notes are an integral part of these consolidated financial statements.
Consolidated Financial Statements
William A. Downe Philip S. Orsino
Chief Executive Officer Chairman, Audit and Conduct Review Committee
BMO Financial Group 196th Annual Report 2013 125