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BMO Financial Group Q4 net income $1,395 million

Staff Writer |
For the fourth quarter ended October 31, 2016, BMO Financial Group reported net income of $1,345 million or $2.02 per share on a reported basis.

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Net income was $1,395 million or $2.10 per share on an adjusted basis.

Net income was $1,345 million for the fourth quarter of 2016, up 11% from the prior year.

Adjusted net income, which excludes the amortization of acquisition-related intangible assets and acquisition integration costs in both periods, was $1,395 million, up 10% from the prior year with good income growth across our operating groups.

EPS was $2.02, up 10% and adjusted EPS was $2.10, up 11% year over year. Return on equity was 13.8% and adjusted return on equity was 14.4%.

Book value per share increased 6% from the prior year to $59.56 per share. The Common Equity Tier 1 Ratio was 10.1%.

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