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BMO Financial Group Q3 2026: adjusted EPS $3.96, up 22% as credit improves and capital markets set records

9/1/2026

$3.96 in adjusted earnings per share, up 22% year-over-year, headlined BMO Financial Group's (BMO) third-quarter fiscal 2026 results released August 25.

Adjusted net income reached a record $2.9 billion, with pre-provision pretax earnings (PPPT) climbing 13% to $4.5 billion across all four operating segments.

Reported EPS was $2.38, after a $973 million goodwill charge tied to the announced sale of the transportation finance and vendor finance businesses.

| Metric | Q3 2026 | Change | |---|---|---| | Adjusted EPS | $3.96 | +22% YoY | | Adjusted net income | $2.9B | record | | PPPT | $4.5B | +13% YoY; record all 4 segments | | ROE (adjusted) | 14.0% | +200bps YoY | | ROTCE (adjusted) | 18.0% | +240bps YoY | | ROA | 72bps | reported | | NIM ex Markets | 226bps | +5bps YoY; -3bps QoQ | | Total PCL | $722M | from $739M prior quarter | | CET1 ratio | 13.0% | flat QoQ | Revenue grew 11% year-over-year.