TORONTO, ONTARIO--(Marketwired - Aug 26, 2014) - BMO Financial Group (TSX: BMO)(NYSE: BMO) and Bank of Montreal -

　　Financial Results Highlights:

　　Third Quarter 2014 Compared with Third Quarter 2013:

　　-- Net income of $1,126 million; adjusted net income(1) of $1,162 million,

　　up 4%

　　-- EPS(2) of $1.67, up 1%; adjusted EPS(1,2) of $1.73, up 4%

　　-- ROE of 14.4%, compared with 15.5%; adjusted ROE(1) of 14.9%, compared

　　with 15.5%

　　-- Provisions for credit losses of $130 million, compared with $76 million;

　　adjusted provisions for credit losses(1) of $130 million, compared with

　　$12 million

　　-- Basel III Common Equity Tier 1 Ratio of 9.6%

　　Year-to-Date 2014 Compared with Year-to-Date 2013:

　　-- Net income of $3,263 million, up 5%; adjusted net income(1) of $3,342

　　million, up 7%

　　-- EPS(2) of $4.85, up 6%; adjusted EPS (1,2) of $4.97, up 8%

　　-- ROE of 14.3%, compared with 14.9%; adjusted ROE(1) of 14.7%, compared

　　with 15.0%

　　-- Provisions for credit losses of $391 million, compared with $398

　　million; adjusted provisions for credit losses(1) of $391 million,

　　compared with $217 million

　　For the third quarter ended July 31, 2014, BMO Financial Group reported net income of $1,126 million or $1.67 per share on a reported basis and net income of $1,162 million or $1.73 per share on an adjusted basis.

　　"BMO delivered very good results in the third quarter confirming continued momentum across our businesses," said Bill Downe, Chief Executive Officer, BMO Financial Group. "Adjusted net income was up 4% from particularly strong results a year ago and adjusted earnings per share have increased 8% year-to-date.

　　"Personal and Commercial Banking in Canada had continuing strong performance with operating leverage above 2% for the fourth consecutive quarter. Net income and pre-provision, pre-tax earnings growth in U.S. Personal and Commercial Banking was encouraging, with improved revenue trends despite the low interest rate environment. Traditional wealth posted adjusted net income growth of 27% reflecting good organic growth in client assets and the acquired F&C business. There were also very good results in BMO Capital Markets driven by strong revenue growth in Investment and Corporate Banking.

　　"Our success in growing both sides of the balance sheet is directly attributable to a strategy that emphasizes the delivery of an industry-leading customer experience and a brand promise that recognizes that money is personal - and a bank should be too. The Bank is very well positioned, and we remain confident in our momentum," concluded Mr. Downe.

　　(1) Results and measures in this document are presented on a GAAP basis.

　　They are also presented on an adjusted basis that excludes the impact

　　of certain items. Adjusted results and measures are non-GAAP and are

　　detailed in the Adjusted Net Income section, and (for all reported

　　periods) in the Non-GAAP Measures section, where such non-GAAP measures

　　and their closest GAAP counterparts are disclosed.

　　(2) All Earnings per Share (EPS) measures in this document refer to diluted

　　EPS unless specified otherwise. EPS is calculated using net income

　　To view the whole release, please go to:

　　http://www.marketwired.com/press-release/bmo-financial-group-reports-net-income-of-11-billion-for-the-third-quarter-of-2014-tsx-bmo-1941292.htm