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Supplemental Information
Supplemental Information
80 BMO Financial Group 190th Annual Report 2007
Table 6 • Other Statistical Information
As at October 31 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998
Other Information
Employees (1) 35,827 34,942 33,785 33,593 33,993 34,568 34,693 33,884 33,464 33,400
Bank branches 1,224 1,182 1,180 1,174 1,142 1,134 1,129 1,135 1,198 1,216
Automated banking machines (Canada) 1,978 1,936 1,952 1,993 2,023 2,000 1,982 1,987 2,039 2,069
Rates
Average Canadian prime rate (%) 6.25 5.57 4.30 4.05 4.69 4.15 6.55 7.05 6.49 6.44
Average U.S. prime rate (%) 7.74 7.76 5.85 4.17 4.17 4.79 7.68 9.18 8.00 8.59
Canadian/U.S. dollar exchange rates ($)
High 1.19 1.20 1.27 1.40 1.59 1.61 1.49 1.44 1.45 1.40
Low 0.95 1.10 1.16 1.22 1.30 1.51 1.59 1.53 1.56 1.58
Average 1.09 1.13 1.21 1.31 1.44 1.57 1.54 1.48 1.50 1.46
End of period 0.94 1.12 1.18 1.22 1.32 1.56 1.59 1.52 1.47 1.54
(1) Reflects full-time equivalent number of employees, comprising full-time and part-time employees and adjustments for overtime hours.
Table 7 • Revenue and Revenue Growth ($ millions, except as noted)
5-year 10-year
For the year ended October 31 2007 2006 2005 2004 2003 CAGR CAGR
Net Interest Income
Net interest income as reported 4,843 4,744 4,787 4,798 4,777 0.6 1.9
Taxable equivalent basis (teb) adjustment 180 127 119 139 152 11.2 5.2
Net interest income (teb) 5,023 4,871 4,906 4,937 4,929 0.9 2.0
Year-over-year growth (%) 3.1 (0.7) (0.6) 0.2 2.4 na na
Net Interest Margin (1)
Average earning assets 304,471 261,461 243,196 225,718 213,959 8.6 5.6
Net interest margin (as reported) (%) 1.59 1.81 1.97 2.13 2.23 na na
Net interest margin (teb) (%) 1.65 1.86 2.02 2.19 2.30 na na
Canadian dollar net interest margin (teb) (%) 2.19 2.44 2.50 2.67 2.80 na na
U.S. dollar and other currencies net interest margin (teb) (%) 0.84 0.88 1.20 1.46 1.63 na na
Non-Interest Revenue
Securities commissions and fees 1,145 1,051 1,092 1,055 894 7.1 4.4
Deposit and payment service charges 728 729 734 746 756 (0.1) 3.7
Trading revenues (losses) (487) 718 496 200 275 nm nm
Lending fees 406 337 313 317 293 5.8 5.4
Card fees 107 396 334 261 290 (16.2) (8.1)
Investment management and custodial fees 322 298 305 307 303 0.5 0.7
Mutual fund revenues 576 499 437 378 321 13.3 14.0
Securitization revenues 296 100 113 177 244 (2.1) 25.0
Underwriting and advisory fees 528 407 357 343 268 18.3 11.6
Securities gains (losses), other than trading 246 145 165 175 (41) nm 16.9
Foreign exchange, other than trading 132 102 97 177 160 (2.6) 0.5
Insurance income 230 204 162 139 124 16.9 13.9
Other revenues 277 255 447 276 333 (25.0) 1.9
Total non-interest revenue 4,506 5,241 5,052 4,551 4,220 2.8 4.2
Year-over-year growth (%) (14.0) 3.8 11.0 7.8 7.6 na na
Non-interest revenue as a % of total revenue (teb) 47.3 51.8 50.7 48.0 46.1 na na
Total Revenue (as reported) 9,349 9,985 9,839 9,349 8,997 1.6 2.9
Total Revenue (teb) 9,529 10,112 9,958 9,488 9,149 1.8 3.0
Year-over-year growth (teb) (%) (5.8) 1.5 5.0 3.7 4.7 na na
(1) Effective 2007, net interest margin has been calculated based on earning assets rather than total assets. Prior year data has been restated.
nm –not meaningful
na –not applicable