BANK OF MONTREAL /CAN/ (BMO) SEC Filings

BANK OF MONTREAL (BMO) received approvals from the Toronto Stock Exchange and the Office of the Superintendent of Financial Institutions Canada to proceed with a previously announced normal course issuer bid to repurchase for cancellation up to 25 million common shares. The bid will run from September 8, 2026 to no later than September 7, 2027 and may be executed through the TSX, other designated exchanges, alternative Canadian trading systems, and other permitted methods, including automatic purchase plans and block or private purchases. The maximum repurchase amount represents approximately 3.6% of both BMO’s public float and issued and outstanding common shares as of August 31, 2026, and is intended to provide additional flexibility to manage the bank’s capital position.

BANK OF MONTREAL (BMO) reports updated earnings coverage ratios for regulatory purposes under National Instrument 44-102 for the 12 months ended July 31, 2026 and October 31, 2025. Earnings before interest on subordinated indebtedness and income tax were $12,771.03 million for the 2026 period, supporting interest coverage on subordinated indebtedness of 29.36 times, up from 26.32 times for the prior 12‑month period. Interest and grossed up dividend coverage on subordinated indebtedness, Class B preferred shares and other equity instruments was 13.38 times for the 2026 period versus 12.70 times previously, based on total interest and grossed up dividend requirements of $954.70 million and $943.75 million, respectively. The ratios use foreign currency amounts translated to Canadian dollars at average monthly exchange rates of $1.3844 and $1.4029 per US$1.00 for the respective periods.

Bank of Montreal (BMO) furnished a Form 6-K primarily to provide CEO and CFO certifications for its quarterly report for the period ended July 31, 2026. The filing states that the report has been reviewed by the certifying officers and that it fairly presents, in all material respects, the bank’s financial condition, results of operations and cash flows.

The certifications describe responsibilities for establishing and maintaining disclosure controls and procedures and internal control over financial reporting, evaluating their effectiveness, and disclosing any material changes. They also confirm that significant deficiencies, material weaknesses, and any fraud involving key employees have been disclosed to auditors and the audit committee. The Form 6-K and its exhibit are incorporated by reference into certain effective registration statements.

BANK OF MONTREAL (BMO) announced an intention to launch a new normal course issuer bid to repurchase for cancellation up to 25 million common shares, subject to approval by the Office of the Superintendent of Financial Institutions Canada and the Toronto Stock Exchange. The issuer intends to file a notice with the TSX, and, if approved, the bid would run from on or around September 8, 2026 to September 7, 2027, unless ended earlier. The 25 million shares represent about 3.6% of the public float as of July 31, 2026. Purchases may occur through the TSX and other Canadian trading systems or permitted alternative methods, generally at market price, with certain exempt purchases at a discount. As of July 31, 2026, BMO had 697,146,398 common shares outstanding and a public float of 696,863,163 shares. The bank states that the proposed bid would provide additional flexibility to manage its capital position; its current normal course issuer bid remains in effect until September 4, 2026.

Bank of Montreal (BMO) announced that its Board of Directors declared a quarterly dividend of $1.71 per share on its paid-up common shares for the fourth quarter of fiscal 2026, unchanged from the prior quarter. The common share dividend is payable on November 26, 2026 to shareholders of record on October 30, 2026.

The Board also declared dividends on Class B Preferred Shares Series 44, 50 and 52, with payments on November 25–26, 2026 to shareholders of record on October 30, 2026. All declared common and preferred share dividends are designated as “eligible” dividends for Canadian tax purposes. Common shareholders may reinvest cash dividends in additional BMO common shares through the Shareholder Dividend Reinvestment and Share Purchase Plan, with shares purchased on the open market without a discount until further notice.

Bank of Montreal (BMO) reported third quarter 2026 net income of $1,750 million, down 25% from $2,330 million, and diluted EPS of $2.38, down 24%. Reported ROE was 8.4%. Results were reduced by a $1.1 billion pre-tax goodwill charge tied to the announced sale of the Transportation and Vendor Finance businesses.

On an adjusted basis, net income rose to $2,859 million, up 19%, with adjusted EPS of $3.96, up 22%, and adjusted ROE of 14.0%. Revenue grew 11% year over year to $9,959 million (adjusted), driven by higher trading, wealth management, and investment banking fees, while provision for credit losses declined to $722 million from $797 million, reflecting improved credit performance.

BMO declared a fourth quarter 2026 common dividend of $1.71 per share, up 5% from a year earlier, and repurchased 3.8 million shares in the quarter at an average price of $239.37. The CET1 Ratio was 13.0%. Announced divestitures and the sale of Moneris are expected to add about 50 bps to CET1 and generate a pre-tax gain of approximately $620 million on closing.

Bank of Montreal (BMO) reported third quarter 2026 net income of $1,750 million, down 25% from $2,330 million, and diluted EPS of $2.38, down 24% from $3.14. Reported ROE was 8.4% versus 11.6%, mainly reflecting a $962 million after-tax goodwill-related charge tied to the announced sale of the Transportation Finance and Vendor Finance businesses.

On an adjusted basis, net income rose 19% to $2,859 million, with adjusted EPS up 22% to $3.96 and adjusted ROE of 14.0% versus 12.0%. Provision for credit losses was $722 million, down from $797 million, and the CET1 ratio was 13.0%. BMO declared a fourth quarter 2026 dividend of $1.71 per common share (annualized $6.84), up $0.08 or 5% year-over-year, repurchased 3.8 million common shares at an average of $239.37 under its NCIB, and announced its intention to establish a new NCIB for up to 25 million common shares, subject to regulatory and exchange approvals.

Bank of Montreal /CAN/ filed a quarterly Form 13F as an institutional investment manager, reporting that it is submitting a 13F holdings report covering all of its reportable positions. The filing aggregates holdings managed across 12 other included managers, with a total of 14,271 reportable positions and an aggregate reported market value of $303,651,028,288 as of the reporting period. The report is signed by Managing Director Kathryn Cenac on behalf of the firm.

BMO Financial Group and Royal Bank of Canada agreed to sell their jointly owned subsidiary Moneris Solutions Corporation, a Canadian commerce solutions provider, to Francisco Partners for cash consideration of approximately $2.0 billion, with BMO entitled to 50% of the proceeds. At closing, BMO and RBC will enter into new exclusive, long-term customer referral arrangements with Moneris, maintaining distribution and client connectivity.

BMO expects to record a gain of approximately $600 million after-tax ($620 million pre-tax), recognized in Non-Interest Revenue in Corporate Services as an adjusting itemcommon equity Tier 1 (CET1) ratio by approximately 15 bps, while not having a significant impact on future run-rate earnings. Closing is targeted by the end of the first quarter of fiscal 2027, subject to customary closing conditions and required regulatory approvals.

BMO notes Moneris’ 25-year history and scale, serving more than 325,000 points of commerce in Canada, and highlights Francisco Partners’ experience in financial technology and payments. BMO Financial Group reports total assets of $1.5 trillion as of April 30, 2026.