Bank of Montreal 2008 Annual Report Download - page 94

90 | BMO Financial Group 191st Annual Report 2008
Supplemental Information
SUPPLEMENTAL INFORMATION
Supplemental Information
Table 1: Shareholder Value
As at or for the year ended October 31 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999
Market Price per Common Share ($)
High 63.44 72.75 70.24 62.44 59.65 50.26 40.65 44.40 35.80 34.80
Low 35.65 60.21 56.86 53.05 49.28 37.79 31.00 32.75 21.00 24.68
Close 43.02 63.00 69.45 57.81 57.55 49.33 38.10 33.86 35.25 28.33
Common Share Dividends
Dividends declared per share ($) 2.80 2.71 2.26 1.85 1.59 1.34 1.20 1.12 1.00 0.94
Dividends paid per share ($) 2.80 2.63 2.13 1.80 1.50 1.29 1.18 1.09 0.99 0.93
Dividend payout ratio (%) 74.0 64.8 43.0 39.1 35.2 38.2 44.0 40.8 30.2 39.6
Dividend yield (%) 6.5 4.3 3.3 3.2 2.8 2.7 3.1 3.3 2.8 3.3
Total Shareholder Return (%)
Five-year average annual return 0.9 14.2 19.1 13.8 18.9 12.9 7.9 14.3 22.9 22.0
One-year return (27.9) (5.8) 24.1 3.7 20.0 33.4 16.2 (1.2) 29.0 (7.4)
Common Share Information
Number outstanding (in thousands)
End of period 504,575 498,563 500,726 500,219 500,897 499,632 492,505 489,085 522,584 534,064
Average basic 502,062 499,950 501,257 500,060 501,656 496,208 490,816 511,286 531,318 531,723
Average diluted 506,697 508,614 511,173 510,845 515,045 507,009 499,464 523,561 540,815 542,920
Number of shareholder accounts 37,250 37,165 38,360 40,104 41,438 42,880 44,072 45,190 46,663 49,369
Book value per share ($) 32.02 28.29 28.89 26.48 24.20 22.09 21.07 19.69 19.63 17.44
Total market value of shares ($ billions) 21.7 31.4 34.8 28.9 28.8 24.6 18.8 16.6 18.4 15.1
Price-to-earnings multiple (based on diluted EPS) 11.4 15.3 13.5 12.5 13.1 14.3 14.2 12.7 10.8 12.1
Price-to-cash earnings multiple
(based on diluted cash EPS) 11.2 15.1 13.3 12.1 12.6 13.7 13.5 11.8 10.4 11.5
Market-to-book value multiple 1.34 2.23 2.40 2.18 2.38 2.23 1.81 1.72 1.80 1.62
Table 2: Summary Income Statement and Growth Statistics ($ millions, except as noted)
5-year 10-year
For the year ended October 31 2008 2007 2006 2005 2004 CAGR(1) CAGR(1)
Income Statement
Net interest income (2) 5,087 4,843 4,744 4,787 4,798 1.3 2.6
Non-interest revenue 5,118 4,506 5,241 5,052 4,551 3.9 5.1
Total revenue 10,205 9,349 9,985 9,839 9,349 2.6 3.8
Provision for credit losses 1,330 353 176 179 (103) 23.9 26.2
Non-interest expense 6,894 6,601 6,353 6,332 6,169 2.5 3.7
Income before provision for income taxes and
non-controlling interest in subsidiaries 1,981 2,395 3,456 3,328 3,283 (4.2) (0.8)
Income taxes (2) (71) 189 717 874 971 nm nm
Non-controlling interest in subsidiaries 74 75 76 58 17 27.5 11.2
Net income 1,978 2,131 2,663 2,396 2,295 2.1 4.6
Year-over-year growth (%) (7.2) (20.0) 11.2 4.4 28.9 na na
Earnings per Share (EPS) ($)
Basic 3.79 4.18 5.25 4.73 4.51 1.5 4.9
Diluted 3.76 4.11 5.15 4.63 4.40 1.8 5.1
Year-over-year growth (%) (8.52) (20.2) 11.2 5.2 27.9 na na
Diluted Cash Earnings per Share (Cash EPS) ($) (3) 3.83 4.18 5.23 4.78 4.55 1.3 4.7
Year-over-year growth (%) (8.4) (20.1) 9.4 5.1 26.7 na na
(1) Compound annual growth rate (CAGR) expressed as a percentage.
(2) Effective in 2008, net interest income, total revenue and income taxes are no longer reported on a taxable equivalent basis at the enterprise level. Prior year data has been restated.
(3) Refer to the Non-GAAP measures section on page 85.
nm –not meaningful
na –not applicable
Throughout this Supplemental Information section, certain amounts for years prior to 2004 have not been restated to reflect changes in accounting policies in 2006 as the changes are
not significant.