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TORONTO — BMO Financial Group raised its dividend as it reported a fourth-quarter profit of $2.30 billion.
The bank said Thursday it will now pay a quarterly dividend of $1.67 per share, an increase of four cents per share.
BMO says its profit amounted to $2.97 per diluted share for the quarter ended Oct. 31 compared with a profit of $2.30 billion or $2.94 per diluted share a year ago when it had more shares outstanding.
Revenue for the quarter totalled $9.34 billion, up from $8.96 billion last year, while the bank’s provision for credit losses totalled $755 million, down from $1.52 billion a year ago.
On an adjusted basis, BMO says it earned $3.28 per diluted share, up from an adjusted profit of $1.90 per diluted in the same quarter last year.
Analysts on average had expected an adjusted profit of $3.03 per share, according to estimates compiled by LSEG Data & Analytics.
“Fiscal 2025 was a strong year for BMO, with consistent execution and growing momentum to achieve our commitments to shareholders,” BMO chief executive Darryl White said.
“We enter 2026 in a position of financial strength, with a focused strategy and a winning culture that continues to grow and attract talent across the bank.”
BMO said its Canadian personal and commercial banking business earned $752 million, up from $750 million a year ago, while its U.S. banking business earned $807 million, up from $281 million in the same quarter last year.
The bank’s wealth management arm earned $383 million, up from $301 million a year ago.
BMO’s capital markets business earned $521 million, up from $251 million in the same quarter last year.
The bank also announced Thursday the appointment of Tammy Brown to its board of directors.
Brown previously served as deputy chair of KPMG Canada’s board of directors and was a partner and national industry leader for industrial markets at the firm.
This report by The Canadian Press was first published Dec. 4, 2025.
Companies in this story: (TSX:BMO)
The Canadian Press