Bank of Montreal 2003 Annual Report Download - page 60

Download and view the complete annual report

Please find page 60 of the 2003 Bank of Montreal annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 110

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110

BMO Financial Group 186th Annual Report 200356
Supplemental Information
Table 6 Revenue and Revenue Growth ($ millions, except as noted)
For the year ended October 31 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994
Net Interest Income
Net interest income as reported 4,899 4,829 4,499 4,204 4,279 4,024 4,077 3,603 3,480 3,258
Taxable equivalent basis adjustment (teb) 152 106 142 134 138 128 109 108 84 67
Net interest income (teb) 5,051 4,935 4,641 4,338 4,417 4,152 4,186 3,711 3,564 3,325
Year-over-year growth (%) 2.3 6.3 7.0 (1.8) 6.4 (0.8) 12.8 4.1 7.2 3.7
Net Interest Margin
Total average assets 263,966 247,990 243,248 234,944 226,714 227,450 196,721 158,316 144,115 122,234
Net interest margin (%) 1.91 1.99 1.91 1.85 1.95 1.83 2.13 2.34 2.47 2.72
Canadian dollar net interest margin (%) 2.36 2.58 2.78 2.70 2.82 2.52 2.70 2.94 3.39 3.48
U.S. dollar and other currencies net interest margin (%) 1.32 1.37 1.15 1.01 1.19 1.17 1.48 1.58 1.22 1.59
Non-Interest Revenue
Securities commissions and fees (a) 894 813 742 859 666 657 742 614 414 313
Deposit and payment service charges 756 732 670 646 616 558 508 473 451 437
Trading revenues 275 209 490 388 295 40 276 277 225 226
Lending fees 293 306 352 322 329 290 240 194 186 180
Card fees 290 260 204 216 205 196 251 234 230 211
Investment management and custodial fees 303 314 336 373 419 407 299 221 240 197
Mutual fund revenues 321 309 251 232 207 199 155 87 53 56
Securitization revenues 244 329 331 343 296 158 32
–––
Underwriting and advisory fees (a) 268 228 234 210 175 212 177 146 81 NA
Investment securities gains (losses) (41) (146) 123 183 (85) 97 52 71 46 37
Foreign exchange, other than trading 160 151 127 146 133 103 126 120 99 89
Insurance income 124 105 125 96 73 62 62 44 36 51
Other revenues 333 314 237 312 182 139 61 35 41 74
Total non-interest revenue 4,220 3,924 4,222 4,326 3,511 3,118 2,981 2,516 2,102 1,871
Year-over-year growth (%) 7.6 (7.1) (2.4) 23.2 12.6 4.6 18.5 19.7 12.3 13.1
Non-interest revenue as a % of total revenue 45.5 44.3 47.6 49.9 44.3 42.9 41.6 40.4 37.1 36.0
Total Revenue (teb) 9,271 8,859 8,863 8,664 7,928 7,270 7,167 6,227 5,666 5,196
Year-over-year growth (%) 4.7
–
2.3 9.3 9.0 1.4 15.1 9.9 9.0 6.9
(a)
In 1994, underwriting and advisory fees are included in securities commissions and fees.
NA
–
not available