Strong, Stable and Secure

^*As used here, “BMO” and “BMO Financial Group” mean the Bank of Montreal and any entity that it directly or indirectly controls, including BMO Financial Corp., a wholly owned U.S. bank intermediate holding company, and BMO Bank N.A., a wholly owned subsidiary of BMO Financial Corp.

^**BMO Bank N.A. is a FDIC member bank.

¹This measurement includes all the assets of BMO Financial Group as of April 30, 2023. All currency mentions on this page are in Canadian Dollars (CAD)

²The Common Equity Tier 1 (CET1) Ratio of BMO Financial Group is disclosed is accordance with OSFI’s Capital Adequacy Requirements (CAR) guidelines; regulatory minimum of 11% as at Q2’23, 10.5% as at Q2’22, 9.0% as at Q2’21.

³The Leverage Ratio (LR) of BMO Financial Group is disclosed in accordance with OSFI’s LR guidelines; regulatory minimum of 3.5% as at Q2’23, 3.0% as at Q2’22, 3.0% as at Q2’21.

⁴The Total Loss Absorbing Capacity (TLAC) Ratio of BMO Financial Group is disclosed in accordance with OSFI’s TLAC guidelines; regulatory minimum based on OSFI capital requirements of 24.5% as at Q2’23, 24.0% as at Q2’22 and 22.5% as at Q2’21.

⁵The Liquidity Coverage Ratio (LCR) of BMO Financial Group is disclosed in accordance with OSFI’s Liquidity Adequacy Requirements guidelines; regulatory minimum of 100% for all periods shown.

⁶This measurement is based on an internal analysis of all the assets of BMO Financial Corp. (“BFC”) as of March 31, 2023. Source SNL Financial. BMO Financial Corp. is a wholly owned subsidiary of Bank of Montreal. Bank of Montreal does not guarantee any debts or obligations of BMO Financial Corp.

⁷We have established medium-term financial objectives for certain important performance measures of BMO Financial Group. Medium-term is generally defined as three to five years, and performance is measured on an adjusted basis. We believe BMO Financial Group’s metrics reflect the company’s fiscal stewardship; however, these metrics do not affect the performance or implied protection of investments held in accounts at BMO Wealth Management.

⁸The long term deposits/legacy senior debt of BMO Financial Corp. includes: (a) Senior debt issued prior to September 23, 2018; and (b) Senior debt issued on or after September 23, 2018 which is excluded from the Bank Recapitalization (Bail-in) Regime.

⁹ Under Canada’s Bank Recapitalization (Bail-In) Regime, eligible senior debt issued to BMO Financial Group on or after September 23, 2018 is subject to statutory conversion requirements

This is not intended to serve as a complete analysis of every material fact regarding any company, industry or security. The opinions expressed here reflect our judgment at this date and are subject to change. Information has been obtained from sources we consider to be reliable, but we cannot guarantee the accuracy. This publication is prepared for general information only. This material does not constitute investment advice and is not intended as an endorsement of any specific investment. It does not have regard to the specific investment objectives, financial situation and the particular needs of any specific person who may receive this report. Investors should seek advice regarding the appropriateness of investing in any securities or investment strategies discussed or recommended in this report and should understand that statements regarding future prospects may not be realized. Investment involves risk. Market conditions and trends will fluctuate. The value of an investment as well as income associated with investments may rise or fall. Accordingly, investors may receive back less than originally invested. You cannot invest directly in an index. Past performance is no guarantee of future results.

Forward-looking statements in this report involve risks, uncertainties and other factors that may cause actual performance to differ materially from the projections and opinions contained in the report. Do not place undue reliance on these forward-looking statements, which reflect our opinions only as of the date of the report. The words “may,” “could,” “should,” “would,” “suspect,” “believe,” “expect,” “intend,” “forecast,” and similar expressions identify forward- looking statements. Forward-looking statements are not guarantees of future performance or events. Forward-looking statements involve risks and uncertainties about general economic factors. It is possible that predictions, projections and other forward-looking statements will not be achieved. General factors that could cause our predications or projections to change include general economic, political and market factors; interest and foreign exchange rates; global equity and capital markets; commodities markets; business competition; technological changes; changes in laws and regulations; judicial or regulatory judgments; legal proceedings; and catastrophic events.