Bank of Montreal (BMO) Q3 FY2026 6-K Filings and Company Events

Filings that contain financial statements

Bank of Montreal is a foreign private issuer and files Form 6-K rather than 10-Q or 8-K, so interim statements are furnished in 6-Ks.

• 6-K filed 2026-08-25, accession 0000927971-26-000108 - third quarter fiscal 2026 (three and nine months ended July 31, 2026). Carries the Third Quarter 2026 Management's Discussion and Analysis (Exhibit 99.1), the unaudited interim consolidated financial statements (Exhibit 99.2: income statement, comprehensive income, balance sheet, changes in equity, cash flows, with notes), and the consolidated capitalization table (Exhibit 99.3). This is the primary source for the quarter.
• 6-K filed 2026-08-25, accession 0000927971-26-000106 - third quarter 2026 earnings release (Exhibit 99.1). A results release with reported and adjusted summary tables by operating segment for Q3-2026, Q2-2026, Q3-2025 and the year-to-date periods. It does not hold full statements.
• 6-K filed 2026-05-27, accession 0000927971-26-000086 - second quarter fiscal 2026 (three and six months ended April 30, 2026). MD&A, interim consolidated financial statements and capitalization table. Companion earnings release: accession 0000927971-26-000088.
• Annual statements for the fiscal year ended October 31, 2025 are in the Form 40-F filed 2025-12-04, accession 0001193125-25-307982 (Exhibit 99.2 MD&A, Exhibit 99.3 audited financial statements).

Third quarter fiscal 2026 results (6-K, 2026-08-25, accessions 0000927971-26-000106 and 0000927971-26-000108)

• Reported net income for the quarter ended July 31, 2026 was $1.25 billion, down 26.4% in US dollar terms from $1.70 billion a year earlier (down 25% in Canadian dollars). Diluted EPS was $1.70 against $2.29 (down 24% in Canadian dollars). The company attributes the decline to a goodwill-related charge on the announced sale of its Transportation Finance and Vendor Finance businesses.
• Adjusted (non-GAAP) net income was $2.04 billion, up 16.8% in US dollar terms from $1.75 billion (up 19% in Canadian dollars). Adjusted EPS was $2.83 against $2.35 (up 22% in Canadian dollars). Reported ROE was 8.4% against 11.6%; adjusted ROE was 14.0% against 12.0%.
• Provision for credit losses was $515.57 million against $580.48 million a year earlier. The company reports every operating segment delivered record pre-provision pre-tax earnings.
• Common Equity Tier 1 ratio was 13.0%, unchanged from 13.0% at April 30, 2026 and down from 13.5% a year earlier.
• The divestiture charge in Corporate Services was $779.78 million pre-tax ($686.95 million after tax), recorded in non-interest expense and excluded from adjusted results. Other adjusting items excluded from adjusted results include a higher fair value of contingent consideration on the Burgundy acquisition and amortization of acquisition-related intangibles.
• Prior quarter (6-K filed 2026-05-27, accessions 0000927971-26-000088 and 0000927971-26-000086): second quarter reported net income was $1.92 billion and adjusted EPS $2.67, with CET1 of 13.0%.
• The filings give no numeric guidance. The 2026-08-25 release repeats management's March 2026 Investor Day commitments to raise ROE and accelerate growth.

M&A and divestitures

• Transportation Finance and Vendor Finance to Stonepeak - SIGNED, not closed. On 2026-05-11 (6-K filed 2026-05-12, accession 0001193125-26-217296) BMO announced a definitive agreement to sell these businesses and related U.S. and Canadian loan portfolios, about $10.39 billion as of March 31, 2026. Stonepeak pays cash plus an earn-out contingent on performance targets; BMO will invest in an approximately 19.9% equity interest in the new entity. The release expected a net after-tax charge of about $658.67 million, and about 28 bps of CET1 benefit, with close expected in fiscal Q4 2026 subject to regulatory approvals. The Q3 results (accession 0000927971-26-000108) confirm the held-for-sale classification and the charge recorded in the quarter; the transaction remained pending at that filing.
• Moneris Solutions to Francisco Partners - SIGNED, not closed. On 2026-08-10 (6-K filed 2026-08-11, accession 0001193125-26-342827) BMO and Royal Bank of Canada, joint owners, agreed to sell Moneris for cash of about $1.44 billion in total, BMO's 50% share being about $718.03 million. BMO expects a gain on closing of about $445.18 million pre-tax ($430.82 million after tax) in Corporate Services, treated as an adjusting item, and about 15 bps of CET1 improvement. Closing is expected by the end of fiscal Q1 2027, subject to regulatory approvals.
• Sale of 138 U.S. branches to First Citizens Bank - SIGNED, not closed. Announced 2025-10-16; per the Q3 MD&A (accession 0000927971-26-000108), First Citizens will assume about $5.3 billion of deposits and purchase about $0.7 billion of loans (amounts the filing states in US dollars) as of July 31, 2026, for a net deposit premium of about 5%. Closing is expected in fiscal Q4 2026, subject to regulatory approvals. Related costs of $10.0 million pre-tax ($7.1 million after tax) were excluded from Q3 adjusted results.
• Euroz Hartleys capital markets business - SIGNED, not closed. On 2026-06-29 BMO entered a definitive agreement to acquire the Australia-based metals-and-mining capital markets business of Euroz Hartleys Group Limited (Q3 MD&A, Corporate Events, accession 0000927971-26-000108). Closing is expected in the fourth quarter of calendar 2026, subject to Euroz Hartleys shareholder approval and regulatory approvals; the business will join Capital Markets. No price was disclosed, and the bank says the deal is not expected to be material.

Capital actions

• Dividend. 2026-05-27 (accession 0001193125-26-241078): quarterly common dividend raised to C$1.71 per share ($1.22 at the third-quarter average rate) from C$1.67, up 2% on the prior quarter and 5% on the prior year in Canadian dollars, payable 2026-08-26. 2026-08-25 (accession 0001193125-26-364523): fourth-quarter dividend held at C$1.71 per share, unchanged from the prior quarter ($1.24 at the August 25, 2026 market rate of 1.3833; $4.94 annualised on C$6.84), payable 2026-11-26 to holders of record 2026-10-30.
• Share repurchases. The Q3 release reports 3.8 million shares repurchased for cancellation in the quarter at an average of $170.93 (Q2: 6.0 million shares at $141.00), accession 0000927971-26-000106. On 2026-08-25 BMO announced intent to repurchase up to 25 million shares (about 3.6% of the public float) under a new bid (accession 0001193125-26-364526). Approvals from the TSX and OSFI were received on 2026-09-02 (6-K accession 0001193125-26-380533): the bid runs 2026-09-08 to no later than 2027-09-07. Under the prior 30 million share bid (2025-09-05 to 2026-09-04), 23,667,500 shares had been repurchased by August 31, 2026 at a volume-weighted average of about $142.67.
• Debt redemption. The $1 billion (Canadian dollars; $713.32 million at the July 31, 2026 closing rate) 1.928% Series K subordinated notes due 2031 were announced for redemption on 2026-06-15 (accession 0001193125-26-271288, OSFI approved) and, per the Q3 MD&A, redeemed at par on 2026-07-22.
• Debt issuance (US dollar senior notes, per counsel opinions filed with the 6-Ks):
  • 2026-06-02 (accession 0001193125-26-253845): $750 million 4.547% notes due 2029, $750 million 4.879% notes due 2032 and $1.25 billion 5.298% notes due 2037, all fixed/floating-rate senior.
  • 2026-09-04 (accession 0001193125-26-383647): $1.25 billion 5.099% fixed/floating-rate senior notes due 2030.
  • 2026-09-15 (accession 0001193125-26-391886): $1 billion floating-rate notes due 2028.
• Limited Recourse Capital Notes. Underwriting agreement dated 2026-09-08, closed with a supplemental indenture dated 2026-09-16 (accession 0001193125-26-393059): $1 billion 7.375% Fixed Rate Reset Limited Recourse Capital Notes, Series 7 (NVCC, subordinated), backed by 1,000,000 Series 56 Class B preferred shares held by the limited recourse trust.

Not in these filings

The 6-Ks reviewed carry no management or board changes, guidance cuts, or material legal or regulatory outcomes. The remaining filings in the period are routine: officer certifications, earnings coverage ratio exhibits, the April 2026 annual meeting materials and voting results, and the Code of Conduct.