BMO Q1 Net Income Jumps 16% to $2.49B; Keeps $1.67 Dividend
Net income in Q1 climbed 16% to $2.489 billion with EPS rising 20% to $3.39 and ROE reaching 12.1%. Directors declared a Q2 dividend of $1.67 per common share, unchanged from prior quarter, with preferred payouts up to $36.865 per share.
1. First Quarter 2026 Results
BMO reported net income of $2,489 million for the quarter ended January 31, 2026, up 16% from $2,138 million a year earlier. EPS rose 20% to $3.39 versus $2.83, adjusted net income grew 11% to $2,551 million, and adjusted EPS climbed 15% to $3.48; reported ROE improved to 12.1% from 10.6%. Provision for credit losses fell to $746 million from $1,011 million, while CET1 ratio held at a robust 13.1%.
2. Dividend Declaration
The Board approved a quarterly dividend of $1.67 per common share payable May 26, 2026, to stakeholders of record April 29, matching the prior quarter and up 5% year-over-year. Dividends on Class B Preferred Series 44, 50 and 52 were set at $0.426, $36.865 and $35.285 per share respectively, all eligible for Canadian tax purposes, with reinvestment plan enrollment open until May 1.