Bank of Montreal (BMO) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning and welcome to the BMO Financial Group's Q4 2025 Earnings Relief and Conference Call for December 4th, 2025. Your host for today is Christine Viau. Please go ahead. Thank you and good morning. We will begin the call today with remarks from Daryl White, BMO CEO, followed by Typhoon Tuzun, our Chief Financial Officer, and Piyush Agrawal, our Chief Risk Officer. Also present to answer questions are our group heads. Matt Marotra from Canadian Personal and Business Banking, Sharon Hayward-Laird, Canadian Commercial Banking, Aaron Levine, U.S. Banking, Alan Tunnenbaum, BMO Capital Markets, Dellen Kamenga, BMO Wealth Management, and Daryl Hackett, BMO U.S. CEO. As our call will end by 9.30 and to give everyone a chance to participate, please limit your questions to one and requeue. As noted on slide two, Forward-looking statements may be made during this call, which involve assumptions that have inherent risks and uncertainties. Actual results could differ materially from these statements. I would also remind listeners that the bank uses non-GAAP financial measures to arrive at adjusted results. Management measures performance on a reported and adjusted basis and considers both to be useful in assessing underlying business performance. Daryl and Typhoon will be referring to adjusted results in their remarks unless otherwise noted as reported. I will now turn the call over to Daryl. Thank you, Christine, and good morning, everyone. This morning, we reported adjusted EPS of $3.28 for the fourth quarter and $12.16 for the year. Fiscal 2025 was a strong year for BEMA. We made meaningful progress against our financial and strategic commitments, strengthening profitability, delivering for our clients, and supporting the communities we serve. At this time last year, w...