$FNGU
BANK OF MONTREAL /CAN/
CIK:0000927971|SEC Filings
Consolidated Statement of Cash Flows - CAD ($) $ in Millions |
12 Months Ended | ||||||
|---|---|---|---|---|---|---|---|
Oct. 31, 2025 |
Oct. 31, 2024 |
||||||
| Cash Flows Provided by Operating Activities | |||||||
| Net Income | $ 8,725 | $ 7,327 | |||||
| Adjustments to determine net cash flows provided by operating activities: | |||||||
| Securities (gains), other than trading (Note 2) | (287) | (200) | |||||
| Depreciation of premises and equipment (Note 8) | 1,015 | 970 | |||||
| Depreciation of other assets | 13 | 28 | |||||
| Amortization of intangible assets (Note 10) | 1,152 | 1,112 | |||||
| Write-down of goodwill and intangible assets (Notes 9 and 10) | 178 | 26 | |||||
| Provision for credit losses (Note 3) | 3,617 | 3,761 | |||||
| Deferred taxes (Note 22) | 12 | 153 | |||||
| Share of (profit) in associates and joint ventures | (175) | (207) | |||||
| Changes in operating assets and liabilities: | |||||||
| Trading securities | (21,315) | (42,700) | |||||
| Derivative assets | (7,984) | (85) | |||||
| Derivative liabilities | (1,182) | 2,123 | |||||
| Current income taxes | 104 | 257 | |||||
| Accrued interest receivable and payable | (1,403) | 785 | |||||
| Insurance-related liabilities | 1,666 | 4,312 | |||||
| Brokers, dealers and clients receivable and payable | (592) | 1,529 | |||||
| Other items and accruals, net | 3,479 | (7,125) | |||||
| Deposits | (13,233) | 66,114 | |||||
| Loans | (82) | (24,636) | |||||
| Securities sold but not yet purchased | 19,582 | (8,786) | |||||
| Securities lent or sold under repurchase agreements | 23,166 | 3,766 | |||||
| Securities borrowed or purchased under resale agreements | (17,682) | 5,480 | |||||
| Securitization and structured entities' liabilities | 11,466 | 12,699 | |||||
| Net cash provided by operating activities | 10,240 | 26,703 | |||||
| Cash Flows (Used in) Financing Activities | |||||||
| Net (decrease) in liabilities of subsidiaries | (945) | (12,071) | |||||
| Proceeds from issuance of subordinated debt (Note 15) | 1,250 | 1,000 | |||||
| Repayment of subordinated debt (Note 15) | (1,250) | (1,000) | |||||
| Proceeds from issuance of preferred shares, net of issuance costs (Note 16) | 1,365 | 2,368 | |||||
| Redemption of preferred shares (Note 16) | (500) | (1,250) | |||||
| Net proceeds from issuance of common shares (Note 16) | 146 | 67 | |||||
| Net sale of treasury shares (Note 16) | 12 | 1 | |||||
| Common shares purchased for cancellation (Note 16) | (3,396) | ||||||
| Cash dividends and distributions paid | (5,031) | (3,840) | |||||
| Cash dividends paid to non-controlling interest | (3) | (3) | |||||
| Repayment of lease liabilities | (321) | (357) | |||||
| Net cash (used in) financing activities | (8,673) | (15,085) | |||||
| Cash Flows (Used in) Investing Activities | |||||||
| Interest bearing deposits with banks | 854 | 515 | |||||
| Purchases of securities, other than trading | (78,686) | (86,980) | |||||
| Maturities of securities, other than trading | 37,244 | 27,323 | |||||
| Proceeds from sales of securities, other than trading | 42,922 | 36,177 | |||||
| Net purchases of premises and equipment and software (Notes 8 and 10) | (1,729) | (1,564) | |||||
| Net cash provided by (used in) investing activities | 605 | (24,529) | |||||
| Effect of Exchange Rate Changes on Cash and Cash Equivalents | 214 | 75 | |||||
| Net increase (decrease) in cash and cash equivalents | 2,386 | (12,836) | |||||
| Cash and cash equivalents at beginning of year | 65,098 | [1] | 77,934 | ||||
| Cash and Cash Equivalents at End of Year | [1] | 67,484 | 65,098 | ||||
| Net cash provided by operating activities includes: | |||||||
| Interest paid in the year | [2] | 43,135 | 45,092 | ||||
| Income taxes paid in the year | 2,831 | 2,450 | |||||
| Interest received in the year | 61,067 | 63,108 | |||||
| Dividends received in the year | $ 2,423 | $ 2,481 | |||||
| |||||||
Consolidated Balance Sheet - CAD ($) $ in Millions |
Oct. 31, 2025 |
Oct. 31, 2024 |
||
|---|---|---|---|---|
| Assets | ||||
| Cash and Cash Equivalents | [1] | $ 67,484 | $ 65,098 | |
| Interest Bearing Deposits with Banks | 2,838 | 3,640 | ||
| Securities (Note 2) | ||||
| Trading | 192,303 | 168,926 | ||
| Fair value through profit or loss | 21,354 | 19,064 | ||
| Fair value through other comprehensive income | 113,209 | 93,702 | ||
| Debt securities at amortized cost | 96,610 | 115,188 | ||
| Securities, net | 423,476 | 396,880 | ||
| Securities Borrowed or Purchased Under Resale Agreements (Note 3) | 129,421 | 110,907 | ||
| Loans (Notes 3 and 5) | ||||
| Residential mortgages | 196,033 | 191,080 | ||
| Consumer instalment and other personal | 92,741 | 92,687 | ||
| Credit cards | 12,649 | 13,612 | ||
| Business and government | 380,788 | 384,993 | ||
| Loans gross of allowance for loan losses | 682,211 | 682,372 | ||
| Allowance for credit losses (Note 3) | (5,050) | (4,356) | ||
| Loans,net | 677,161 | 678,016 | ||
| Other Assets | ||||
| Derivative instruments (Note 7) | 57,151 | 47,253 | ||
| Customers' liability under acceptances | 711 | 359 | ||
| Premises and equipment (Note 8) | 6,252 | 6,249 | ||
| Goodwill (Note 10) | 16,797 | 16,774 | ||
| Intangible assets (Note 10) | 4,758 | 4,925 | ||
| Current tax assets | 1,970 | 2,219 | ||
| Deferred tax assets (Note 22) | 2,732 | 3,024 | ||
| Receivable from brokers, dealers and clients | 43,167 | 31,916 | ||
| Other (Note 11) | 42,884 | 42,387 | ||
| Other assets | 176,422 | 155,106 | ||
| Total Assets | 1,476,802 | 1,409,647 | ||
| Liabilities and Equity | ||||
| Deposits (Note 12) | 976,202 | 982,440 | ||
| Other Liabilities | ||||
| Derivative instruments (Note 7) | 58,729 | 58,303 | ||
| Acceptances | 711 | 359 | ||
| Securities sold but not yet purchased (Note 13) | 54,876 | 35,030 | ||
| Securities lent or sold under repurchase agreements (Note 5) | 134,967 | 110,791 | ||
| Securitization and structured entities' liabilities (Notes 5 and 6) | 51,562 | 40,164 | ||
| Payable to brokers, dealers and clients | 45,170 | 34,407 | ||
| Insurance-related liabilities (Note 14) | 20,436 | 18,770 | ||
| Other (Note 13) | 37,549 | 36,720 | ||
| Other liabilities | 404,000 | 334,544 | ||
| Subordinated Debt (Note 15) | 8,500 | 8,377 | ||
| Total Liabilities | 1,388,702 | 1,325,361 | ||
| Equity | ||||
| Contributed surplus | 373 | 354 | ||
| Retained earnings | 47,377 | 46,469 | ||
| Accumulated other comprehensive income | 7,986 | 5,419 | ||
| Total shareholders' equity | 88,051 | 84,250 | ||
| Non-controlling interest in subsidiaries | 49 | 36 | ||
| Total Equity | 88,100 | 84,286 | ||
| Total Liabilities and Equity | 1,476,802 | 1,409,647 | ||
| Preferred shares and other equity instruments (Note 16) | ||||
| Equity | ||||
| Issued capital | 8,956 | 8,087 | ||
| Total Equity | 8,956 | 8,087 | ||
| Common shares (Note 16) | ||||
| Equity | ||||
| Issued capital | 23,359 | 23,921 | ||
| Total Equity | $ 23,359 | $ 23,921 | ||
| ||||