Bank of Montreal 2004 Annual Report Download - page 74

BMO Financial Group Annual Report 200470
Supplemental Information
Supplemental Information
Table 1 Shareholder Value
As at or for the year ended October 31 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995
Market Price per Common Share ($)
High 59.65 50.26 40.65 44.40 35.80 34.80 43.50 30.80 20.83 15.50
Low 49.28 37.79 31.00 32.75 21.00 24.68 25.88 19.53 14.69 12.06
Close 57.55 49.33 38.10 33.86 35.25 28.33 31.55 30.43 20.28 14.88
Common Share Dividends
Dividends declared per share ($) 1.59 1.34 1.20 1.12 1.00 0.94 0.88 0.82 0.74 0.66
Dividends paid per share ($) 1.50 1.29 1.18 1.09 0.99 0.93 0.88 0.80 0.71 0.65
Dividend payout ratio (%) 35.0 38.2 44.0 40.8 30.2 39.6 37.4 35.0 35.1 38.2
Dividend yield (%) 2.8 2.7 3.1 3.3 2.8 3.3 2.8 2.9 3.9 4.4
Total Shareholder Return (%)
Five-year average annual return 18.9 12.9 7.9 14.3 22.9 22.0 23.3 26.1 22.2 23.1
One-year return 20.0 33.4 16.2 (1.2) 29.0 (7.4) 6.4 55.0 42.4 24.1
Common Share Information
Number outstanding (in thousands)
End of period 500,897 499,632 492,505 489,085 522,584 534,064 528,866 522,873 519,874 527,369
Average basic 501,656 496,208 490,816 511,286 531,318 531,723 525,021 520,819 522,465 531,264
Average diluted 515,045 507,009 499,464 523,561 540,815 542,920 542,181 538,469 538,271 548,267
Number of shareholder accounts 41,438 42,880 44,072 45,190 46,663 49,369 51,387 53,651 55,571 57,187
Book value per share ($) 24.24 22.09 21.07 19.69 19.63 17.44 16.36 14.59 12.94 11.71
Total market value of shares ($ billions) 28.8 24.6 18.8 16.6 18.4 15.1 16.7 15.9 10.5 7.8
Price-to-earnings multiple (based on diluted EPS) 13.0 14.3 14.2 12.7 10.8 12.1 13.8 13.3 9.8 8.8
Price-to-cash earnings multiple (based on diluted cash EPS) 12.6 13.7 13.5 11.8 10.4 11.5 13.0 12.6 9.3 8.3
Market-to-book value multiple 2.37 2.23 1.81 1.72 1.80 1.62 1.93 2.09 1.57 1.27
Table 2 Summary Income Statement and Growth Statistics ($ millions, except as noted)
5-year 10-year
For the year ended October 31 2004 2003 2002 2001 2000 CAGR.(2) CAGR.(2)
Income Statement
Net interest income (teb) (1) 5,061 5,051 4,935 4,641 4,338 2.8 4.3
Non-interest revenue 4,551 4,220 3,924 4,222 4,326 5.3 9.3
Total revenue (teb) (1) 9,612 9,271 8,859 8,863 8,664 3.9 6.3
Provision for credit losses (103) 455 820 980 358 nm nm
Non-interest expense 6,157 6,087 6,030 5,671 5,258 3.1 6.7
Income before provision for income taxes,
non-controlling interest in subsidiaries
and goodwill amortization 3,558 2,729 2,009 2,212 3,048 8.9 9.2
Income taxes (teb) (1) 1,147 840 530 643 1,123 5.6 6.2
Non-controlling interest in subsidiaries 60 64 62 42 19 23.2 18.9
Net income before goodwill amortization 2,351 1,825 1,417 1,527 1,906 10.5 10.8
Amortization of goodwill, net of applicable income tax ––– 56 49 nm nm
Net income 2,351 1,825 1,417 1,471 1,857 11.2 11.0
Year-over-year growth (%) 28.8 28.8 (3.7) (20.8) 34.4 na na
Earnings per Share (EPS) ($)
Basic 4.53 3.51 2.73 2.72 3.30 13.7 11.6
Diluted 4.42 3.44 2.68 2.66 3.25 13.6 11.5
Year-over-year growth (%) 28.5 28.4 0.8 (18.2) 38.9 na na
Diluted Cash Earnings per Share (Cash EPS) ($) (1) 4.57 3.59 2.83 2.86 3.39 13.2 11.4
Year-over-year growth (%) 27.3 26.9 (1.0) (15.6) 37.8 na na
(1) Refer to the Non-GAAP Measures section on page 26.
(2) Compound annual growth rate (CAGR).
nm – not meaningful
na – not applicable