BMO adjusted profit climbs to $2.9 billion, up 19%

• BMO Financial Group (NYSE:BMO) reported Q3 2026 adjusted net income of $2.859 billion, up 19% year over year.
• Reported net income declined 25% to $1.75 billion due to a $962 million after-tax goodwill-related charge.
• BMO declared a Q4 2026 dividend of $1.71 per share and plans a new share repurchase program.

BMO Financial Group (NYSE:BMO) reported third-quarter 2026 net income of $1.75 billion, down 25% year over year, while adjusted net income increased 19% to $2.859 billion after excluding a goodwill-related charge.

The company’s reported earnings were affected by a $962 million after-tax charge related to the announced sale of its Transportation and Vendor Finance businesses, while adjusted EPS increased 22% to $3.96 from the prior-year period.

BMO reported earnings per share of $2.38, reported return on equity of 8.4%, and adjusted return on equity of 14%, while provisions for credit losses declined to $722 million from $797 million.

The bank’s Common Equity Tier 1 capital ratio was 13%, and BMO declared a fourth-quarter 2026 dividend of $1.71 per common share while repurchasing 3.8 million shares during the quarter.

BMO stated that it intends to establish a new normal course issuer bid (NCIB) for up to 25 million shares, subject to regulatory and exchange approvals.

BMO Financial Group provides banking, wealth management, and capital markets services across North America, with its latest results reflecting earnings growth across operating segments.