BMO Financial Group reports $2.49B Q1 profit, up from $2.14B a year earlier

BMO Financial Group reported a first-quarter profit of $2.49 billion, up from $2.14 billion a year earlier.

The bank says its profit amounted to $3.39 per diluted share for the quarter ended Jan. 31, up from $2.83 per diluted share in the same quarter last year.

Revenue for the quarter totalled $9.82 billion, up from $9.27 billion a year earlier.

The bank’s provisions for credit losses for the quarter amounted to $746 million, down from $1.01 billion.

On an adjusted basis, BMO says it earned $3.48 per diluted share in its latest quarter, up from an adjusted profit of $3.04 per diluted share a year earlier.

Analysts on average had expected an adjusted profit of $3.20 per share in the quarter, according to LSEG Data & Analytics.

This report by The Canadian Press was first published Feb. 25, 2026.