BMO Q2 Net Income Climbs 8.6% on Strong Lending

Bank of Montreal (BMO) reported on May 27, 2026, that fiscal second-quarter net income rose 8.6% to C$2.15 billion, driven by higher net interest income and broad-based loan growth in its Canadian and U.S. operations. Earnings per share climbed to C$3.12 from C$2.86 a year earlier, exceeding analysts’ average estimate of C$3.05, according to Refinitiv data. Revenue increased 7% to C$8.9 billion, as net interest margin widened to 1.92% from 1.79%. The Toronto-based lender capitalized on elevated interest rates and an expanded commercial banking footprint. Provision for credit losses rose to C$350 million, reflecting a cautious economic outlook, but remained within expectations. BMO’s U.S. segment, including the Bank of the West acquisition, posted net income of C$680 million.