Bank of Montreal 2013 Annual Report Download - page 165

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
Our results and average assets, grouped by operating segment and geographic region, are as follows:
Canadian U.S. Wealth Corporate United Other
(Canadian $ in millions) P&C P&C Management BMO CM Services (1) Total Canada States countries
2013 (2)
Net interest income 4,429 2,378 564 1,238 (64) 8,545 5,247 3,222 76
Non-interest revenue 1,912 559 2,890 2,190 167 7,718 5,233 2,093 392
Total Revenue 6,341 2,937 3,454 3,428 103 16,263 10,480 5,315 468
Provision for credit losses 574 223 3 (36) (175) 589 656 (65) (2)
Amortization 164 172 81 45 250 712 425 274 13
Non-interest expense 3,086 1,668 2,259 2,004 568 9,585 5,784 3,527 274
Income before taxes and non-controlling interest in
subsidiaries 2,517 874 1,111 1,415 (540) 5,377 3,615 1,579 183
Provision for income taxes 663 278 277 321 (410) 1,129 690 443 (4)
Reported net income 1,854 596 834 1,094 (130) 4,248 2,925 1,136 187
Non-controlling interest in subsidiaries – – – – 65 65 54 11 –
Net Income attributable to bank shareholders 1,854 596 834 1,094 (195) 4,183 2,871 1,125 187
Average Assets 177,749 64,277 22,143 247,578 43,935 555,682 345,737 189,693 20,252
Goodwill (As at) 142 2,703 849 199 – 3,893 466 3,312 115
2012 (2) (3)
Net interest income 4,365 2,456 561 1,191 235 8,808 5,259 3,495 54
Non-interest revenue 1,847 568 2,344 2,085 478 7,322 4,909 1,961 452
Total Revenue 6,212 3,024 2,905 3,276 713 16,130 10,168 5,456 506
Provision for credit losses 615 274 22 6 (152) 765 634 134 (3)
Amortization 153 191 67 39 253 703 403 292 8
Non-interest expense 3,030 1,710 2,152 1,917 726 9,535 5,690 3,617 228
Income before taxes and non-controlling interest in
subsidiaries 2,414 849 664 1,314 (114) 5,127 3,441 1,413 273
Provision for income taxes 639 269 140 293 (403) 938 578 367 (7)
Reported net income 1,775 580 524 1,021 289 4,189 2,863 1,046 280
Non-controlling interest in subsidiaries – – 1 – 73 74 55 19 –
Net Income attributable to bank shareholders 1,775 580 523 1,021 216 4,115 2,808 1,027 280
Average Assets 162,019 61,534 20,354 251,562 48,795 544,264 332,882 190,801 20,581
Goodwill (As at) 122 2,593 808 194 – 3,717 447 3,177 93
2011 (2) (3)
Net interest income 4,381 1,653 462 1,229 (251) 7,474 5,304 2,120 50
Non-interest revenue 1,807 348 2,130 2,086 98 6,469 4,779 1,445 245
Total Revenue 6,188 2,001 2,592 3,315 (153) 13,943 10,083 3,565 295
Provision for credit losses 664 359 10 32 147 1,212 669 534 9
Amortization 143 113 43 28 211 538 364 169 5
Non-interest expense 2,990 1,119 1,913 1,868 313 8,203 5,469 2,531 203
Income before taxes and non-controlling interest in
subsidiaries 2,391 410 626 1,387 (824) 3,990 3,581 331 78
Provision for income taxes 676 151 146 412 (509) 876 810 64 2
Reported net income 1,715 259 480 975 (315) 3,114 2,771 267 76
Non-controlling interest in subsidiaries – – – – 73 73 54 19 –
Net Income attributable to bank shareholders 1,715 259 480 975 (388) 3,041 2,717 248 76
Average Assets 153,782 40,166 17,483 216,306 42,197 469,934 302,745 145,630 21,559
Goodwill (As at) 122 2,545 791 191 – 3,649 448 3,108 93
(1) Corporate Services includes Technology and Operations.
(2) Operating groups report on a taxable equivalent basis – see Basis of Presentation section.
(3) Comparative periods have been reclassified to conform with the current year’s presentation.
Notes
176 BMO Financial Group 196th Annual Report 2013