Bank Of Montreal
BMO · NYSE
Next quarter
Reports Aug 25, 2026, before the open.
Consensus is $3.06 EPS for Jul 2026 across 3 estimates, ranging $2.64 to $3.75.
BMO Apr 2026
- 4.29%
- -0.79%
- $2.80
- $2.68
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Highlights
- EPS: Reported earnings per share of $2.68, missing the $2.80 consensus estimate by $0.12, or 4.29%.
- Common dividend: BMO increased its quarterly common-share dividend to $1.71 per share, up $0.04, or 2%, from the prior quarter.
- Year-over-year dividend growth: The $1.71 common dividend is 5% higher than in the year-ago period.
- Payment date: The common dividend is payable August 26, 2026, to shareholders of record on July 30, 2026.
- Preferred dividend: BMO declared a $0.426 per-share dividend on Class B Preferred Shares Series 44, payable August 25, 2026.
- Dividend reinvestment: Common shareholders can reinvest their cash dividends in shares purchased on the open market without a discount until further notice.
Analysis
BMO’s April 2026 quarter was defined by an earnings-per-share miss alongside a continued increase in shareholder distributions. Reported EPS was $2.68, below the $2.80 consensus estimate by $0.12, or 4.29%. The supplied materials do not include year-over-year or prior-quarter EPS, revenue, provisions, capital, or segment results, so the earnings performance cannot be placed more fully against those periods.
The clearest positive signal in the release was the dividend action. BMO raised its quarterly common dividend by $0.04, or 2%, from the prior quarter to $1.71 per share, and said the payout was 5% above the year-ago level. The board also declared a $0.426 per-share dividend on Class B Preferred Shares Series 44. Common dividends are payable August 26, 2026, to shareholders of record July 30, while the preferred dividend is payable August 25. With no operating detail provided in the release, the quarter’s main takeaway is a below-consensus EPS result paired with a 5% year-over-year increase in the common dividend.
Earnings performance
BMO reported April 2026 EPS of $2.68, compared with analyst consensus of $2.80. The $0.12 shortfall represented a 4.29% negative surprise. The supplied materials do not provide the year-ago or prior-quarter EPS figures, nor the drivers of the variance.
- Reported EPS: $2.68.
- Consensus EPS: $2.80.
- Variance: $0.12 below expectations, or a 4.29% miss.
Common dividend
The board raised the quarterly common-share dividend to $1.71 per share. The increase was $0.04, or 2%, from the prior quarter and 5% from the year-ago level, indicating that BMO continued to increase the payout despite the earnings miss.
- Quarterly payout: $1.71 per common share.
- Sequential change: Up $0.04, or 2%, from the prior quarter.
- Year-over-year change: Up 5% from the prior year.
Preferred dividend
BMO also declared a $0.426 per-share dividend on its Class B Preferred Shares Series 44. The dividend is payable August 25, 2026, to shareholders of record on July 30, 2026.
Dividend administration
The common dividend is payable August 26, 2026, to shareholders of record on July 30, 2026. Shareholders may elect to reinvest cash dividends in common shares purchased on the open market without a discount until further notice. Registered holders must enroll by August 3, 2026; beneficial holders must contact their financial institution or broker.
