Bank of Montreal 2013 Annual Report Download - page 94
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Table 2: Summary Income Statement and Growth Statistics ($ millions, except as noted)
5-year 10-year
For the year ended October 31 2013 2012 2011 2010 2009 CAGR CAGR
Income Statement – Reported Results
Net interest income 8,545 8,808 7,474 6,235 5,570 11.0 6.0
Non-interest revenue 7,718 7,322 6,469 6,004 5,494 8.5 6.2
Total revenue 16,263 16,130 13,943 12,239 11,064 9.8 6.1
Provision for credit losses 589 765 1,212 1,049 1,603 nm nm
Non-interest expense 10,297 10,238 8,741 7,619 7,381 8.4 5.4
Income before provision for income taxes 5,377 5,127 3,990 3,571 2,080 22.1 8.2
Provision for income taxes 1,129 938 876 687 217 nm 5.6
Non-controlling interest in subsidiaries (1) na na na 74 76 nm nm
Net income 4,248 4,189 3,114 2,810 1,787 15.7 9.0
Attributable to bank shareholders 4,183 4,115 3,041 2,810 1,787 16.2 8.9
Attributable to non-controlling interest in subsidiaries (1) 65 74 73 na na nm nm
Net income 4,248 4,189 3,114 2,810 1,787 15.7 9.0
Income Statement – Adjusted Results
Net interest income 7,888 8,029 7,248 6,235 5,570 9.2 5.1
Non-interest revenue 7,684 7,038 6,494 6,004 6,015 6.8 6.2
Total revenue 15,572 15,067 13,742 12,239 11,585 8.0 5.6
Provision for credit losses 359 471 1,108 1,049 1,543 nm nm
Non-interest expense 9,826 9,513 8,453 7,583 7,220 7.5 5.1
Income before provision for income taxes 5,387 5,083 4,181 3,607 2,822 15.1 7.7
Provision for income taxes 1,111 991 906 691 450 47.5 5.0
Non-controlling interest in subsidiaries (1) na na na 74 76 nm nm
Adjusted net income 4,276 4,092 3,275 2,916 2,372 11.2 8.6
Attributable to bank shareholders 4,211 4,018 3,202 2,916 2,372 10.9 8.4
Attributable to non-controlling interest in subsidiaries (1) 65 74 73 na na nm nm
Adjusted net income 4,276 4,092 3,275 2,916 2,372 11.2 8.6
Earnings per Share (EPS) ($)
Basic 6.27 6.18 4.90 4.78 3.09 10.6 6.0
Diluted 6.26 6.15 4.84 4.75 3.08 10.7 6.2
Adjusted diluted 6.30 6.00 5.10 4.81 4.02 6.2 5.8
Year-over-Year Growth-Based Statistical Information (%)
Net income growth 1.4 34.5 8.0 54.8 (9.2) na na
Adjusted net income growth 4.5 24.9 12.3 22.9 (5.6) na na
Diluted EPS growth 1.8 27.1 1.9 54.2 (18.1) na na
Adjusted diluted EPS growth 5.0 17.6 6.0 19.7 (13.9) na na
2010 and prior based on CGAAP. Five-year and ten-year CAGR based on CGAAP in 2008 and 2003, respectively, and on IFRS in 2013. 2011 growth rates based on CGAAP in 2010 and IFRS in 2011.
(1) Prior to 2011, under CGAAP, non-controlling interest in subsidiaries was deducted in the determination of net income.
nm – not meaningful
na – not applicable
Supplemental Information
BMO Financial Group 196th Annual Report 2013 105