BMO Financial Group, a Canadian multinational financial services company, has reported its second-quarter financial results for 2025, displaying a stable increase in performance. The company achieved a reported net income of CAD 1,962 million, representing a 5% increase from CAD 1,866 million in the same quarter of the previous year. Adjusted net income stood at CAD 2,046 million, up from CAD 2,033 million year-over-year.

For the quarter ended April 30, 2025, adjusted earnings per share (EPS) rose to CAD 2.62 from CAD 2.59 a year prior. This represents an increase of 1%. The total revenue for the second quarter was CAD 8,679 million, compared to CAD 7,974 million a year ago, marking a 9% increase. The growth was attributed to a 13% rise in net interest income, which reached CAD 5,097 million, up from CAD 4,515 million, in part driven by favorable net interest margins as well as balance growth across multiple divisions.

The provision for credit losses grew to CAD 1,054 million from CAD 705 million, positioning the total provision for credit losses as a percentage of average net loans and acceptances at 0.63%, a rise from 0.44% year-on-year. This increase reflects higher provisions primarily in Canadian commercial banking and unsecured consumer lending portfolios. Additionally, non-interest expenses increased by 4% to CAD 5,019 million from CAD 4,844 million a year earlier, with factors including heightened employee-related costs and technology investments contributing to the rise.

BMO’s return on equity (ROE) for the reported quarter was 9.4%, marginally down from 9.9% in the prior year, while the adjusted ROE stood at 9.8%, compared to 10.9% in the previous year’s quarter. Capital management remained strong with a Common Equity Tier 1 (CET1) Ratio of 13.5%, an increase from 13.1% year-over-year, assisted by robust internal capital generation and share buybacks.

The financials display the bank’s ongoing stability amid a mixed economic environment influenced by trade uncertainties and changing market dynamics, with BMO actively managing its risk portfolio and capitalizing on operating efficiencies. Moreover, the company declared a quarterly dividend of CAD 1.63 per common share, marking a 5% increase from the prior year and a 3% increase from the previous quarter.

Overall, BMO Financial Group’s second-quarter results indicate solid execution across multiple operating segments, contributing to its positive operating leverage and ongoing strategic objectives.