BMO Financial Group Reports Third Quarter 2026 Results

BMO's Third Quarter 2026 Report to Shareholders, including the unaudited interim consolidated financial statements for the period ended July 31, 2026, are available online at www.bmo.com/investorrelations , on the Canadian Securities Administrators' website at www.sedarplus.ca , and on the EDGAR section of the U.S. Securities and Exchange Commission's website at www.sec.gov . Financial Results Highlights Third Quarter 2026 compared with Third Quarter 2025:

* Reported net income(1) of $1,750 million, a decrease of 25% from $2,330 million; adjusted net income(1) of $2,859 million, an increase of 19% from $2,399 million * Reported earnings per share (EPS)(2) of $2.38, a decrease of 24% from $3.14; adjusted EPS(1, 2) of $3.96, an increase of 22% from $3.23 * Provision for credit losses (PCL) of $722 million, a decrease from $797 million * Reported return on equity (ROE) of 8.4%, compared with 11.6%; adjusted ROE(1)of 14.0%, compared with 12.0% * Common Equity Tier 1 (CET1) Ratio(3) of 13.0%, compared with 13.5% Year-to-Date 2026 compared with Year-to-Date 2025: