Bank of Montreal's provisions decline, Q1 adjusted earnings per share beat expectations

GlobeNewswire, February 25 — Bank of Montreal announced its first-quarter fiscal 2026 results, with total revenue increasing 6% year-over-year to CAD 98.2 billion, driven by strong performance across all business segments; adjusted net income rose 11% YoY to CAD 2.55 billion, with adjusted earnings per share of CAD 3.48, surpassing analyst expectations of CAD 3.20. Loan loss provisions decreased CAD 265 million YoY to CAD 746 million. Return on equity (ROE) improved from 10.6% last year to 12.1%, but the Tier 1 capital ratio (CET1) declined from 13.6% to 13.1%.

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