BMO Financial Group Reports First Quarter 2021 Results
Financial Results Highlights
Net income of $2,017 million, an increase of 27%; adjusted net income
1 of $2,038 million, an increase of 26%
Reported EPS
1,2 of $3.06, an increase of 27%
Provision for credit losses (PCL) of $156 million, compared with $349 million
Reported net efficiency ratio
1,3 of 56.3%, compared with 60.3%
ROE of 15.7%, compared with 13.3%; adjusted ROE
1 of 15.8%, compared with 13.5%
Common Equity Tier 1 Ratio of 12.4%, an increase from 11.4% in the prior year
TORONTO, Feb. 23, 2021 /PRNewswire/ For the first quarter ended January 31, 2021, BMO Financial Group (TSX: BMO) (NYSE: BMO) recorded net income of $2,017 million or $3.03 per share on a reported basis, and net income of $2,038 million or $3.06 per share on an adjusted basis.
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LAWRENCEVILLE, N.J., Dec. 16, 2020 (GLOBE NEWSWIRE) December 16, 2020 –
Billtrust, a B2B accounts receivable automation and integrated B2B payments leader, has announced that Juli Spottiswood has joined its Board of Directors.
Juli is Chairman and CEO of Syncapay, Inc., a holding company formed in 2017 in conjunction with the acquisition of daVinci Payments by Bain Capital Ventures and Silversmith Capital Partners. In December, 2020, daVinci merged with North Lane Technologies via a new majority equity investment from funds advised by Centerbridge Partners, L.P. Juli s appointment strengthens an already world-class group of directors, and I m excited to welcome her and leverage her many years of fintech leadership experience, said Flint Lane, Billtrust Founder & CEO.