Bank of Montreal (BMO) — Tangible Net Worth Ratio
Bank of Montreal (BMO) has a Tangible Net Worth Ratio of 94.2% as of January 2026. This metric is calculated by deducting intangible assets (CA$5.01 Billion) from net assets (CA$85.75 Billion) and expressing it as a percentage of total net assets. A higher ratio means that more of the company's equity is backed by tangible, balance-sheet-verifiable assets rather than goodwill, patents, or brand value. See working capital position of Bank of Montreal to evaluate short-term liquidity relative to the company's equity base.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Bank of Montreal Tangible Net Worth Ratio (1994–2025)
This chart shows how Bank of Montreal's Tangible Net Worth Ratio has changed across 36 annual periods from 1994 to 2025. As of January 2026, the ratio stands at 94.2%, reflecting net assets of CA$85.75 Billion with intangible assets of CA$5.01 Billion CAD. See BMO days of operational coverage to measure how many days the company can operate on defensive assets alone.
Annual Tangible Net Worth Ratio for Bank of Montreal (1994–2025)
The table below presents the year-by-year Tangible Net Worth Ratio for Bank of Montreal from 1994 to 2025, covering 36 annual filings. Each row shows net assets, intangible assets, total assets, the tangible net worth ratio, and the change in percentage points versus the prior year. For the full company profile including market capitalisation, see Bank of Montreal (BMO) market capitalisation.
| Year | Tangible NW Ratio | Net Assets (CAD) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 94.6% | CA$88.10 Billion | CA$4.76 Billion | CA$1.48 Trillion | ▲ +0.4 pp |
| 2024 | 94.2% | CA$84.29 Billion | CA$4.92 Billion | CA$1.41 Trillion | ▲ +0.9 pp |
| 2023 | 93.2% | CA$77.04 Billion | CA$5.22 Billion | CA$1.29 Trillion | ▼ -3.7 pp |
| 2022 | 96.9% | CA$71.04 Billion | CA$2.19 Billion | CA$1.14 Trillion | ▲ +0.9 pp |
| 2021 | 96.1% | CA$57.52 Billion | CA$2.27 Billion | CA$988.17 Billion | ▲ +0.4 pp |
| 2020 | 95.7% | CA$56.59 Billion | CA$2.44 Billion | CA$949.26 Billion | ▲ +0.4 pp |
| 2019 | 95.3% | CA$51.08 Billion | CA$2.42 Billion | CA$852.20 Billion | ▲ +0.2 pp |
| 2018 | 95.0% | CA$45.73 Billion | CA$2.27 Billion | CA$774.05 Billion | ▲ +0.8 pp |
| 2017 | 94.2% | CA$66.16 Billion | CA$3.83 Billion | CA$1.10 Trillion | ▼ -0.9 pp |
| 2017 | 95.1% | CA$44.35 Billion | CA$2.16 Billion | CA$709.58 Billion | ▼ -1.4 pp |
| 2016 | 96.5% | CA$59.34 Billion | CA$2.08 Billion | CA$1.01 Trillion | ▲ +1.6 pp |
| 2016 | 94.9% | CA$42.33 Billion | CA$2.18 Billion | CA$687.93 Billion | ▼ -1.2 pp |
| 2015 | 96.1% | CA$68.67 Billion | CA$2.71 Billion | CA$1.19 Trillion | ▲ +1.6 pp |
| 2015 | 94.5% | CA$39.91 Billion | CA$2.21 Billion | CA$641.88 Billion | ▼ -1.3 pp |
| 2014 | 95.7% | CA$75.92 Billion | CA$3.23 Billion | CA$1.33 Trillion | ▲ +1.5 pp |
| 2014 | 94.2% | CA$35.40 Billion | CA$2.05 Billion | CA$588.66 Billion | ▼ -0.9 pp |
| 2013 | 95.1% | CA$31.48 Billion | CA$1.53 Billion | CA$537.30 Billion | ▲ +0.3 pp |
| 2012 | 94.8% | CA$30.09 Billion | CA$1.55 Billion | CA$525.45 Billion | ▲ +0.4 pp |
| 2011 | 94.4% | CA$28.12 Billion | CA$1.56 Billion | CA$477.42 Billion | ▼ -1.8 pp |
| 2010 | 96.3% | CA$21.88 Billion | CA$812.00 Million | CA$411.64 Billion | ▼ -0.4 pp |
| 2009 | 96.7% | CA$20.20 Billion | CA$660.00 Million | CA$388.46 Billion | ▲ +38.8 pp |
| 2008 | 57.9% | CA$19.55 Billion | CA$8.23 Billion | CA$416.05 Billion | ▼ -41.3 pp |
| 2007 | 99.3% | CA$16.63 Billion | CA$124.00 Million | CA$367.85 Billion | ▲ +0.2 pp |
| 2006 | 99.1% | CA$16.42 Billion | CA$152.00 Million | CA$321.34 Billion | ▲ +0.3 pp |
| 2005 | 98.8% | CA$15.69 Billion | CA$196.00 Million | CA$297.53 Billion | ▼ -1.2 pp |
| 2004 | 100.0% | CA$13.19 Billion | CA$0.00 | CA$265.19 Billion | ▲ +0.0 pp |
| 2003 | 100.0% | CA$12.48 Billion | CA$0.00 | CA$256.49 Billion | ▲ +50.7 pp |
| 2002 | 49.3% | CA$11.89 Billion | CA$6.03 Billion | CA$252.86 Billion | ▲ +2.1 pp |
| 2001 | 47.2% | CA$10.68 Billion | CA$5.64 Billion | CA$239.41 Billion | ▲ +0.7 pp |
| 2000 | 46.5% | CA$12.69 Billion | CA$6.79 Billion | CA$233.40 Billion | ▼ -10.9 pp |
| 1999 | 57.4% | CA$11.37 Billion | CA$4.85 Billion | CA$230.61 Billion | ▲ +5.6 pp |
| 1998 | 51.7% | CA$11.13 Billion | CA$5.37 Billion | CA$222.59 Billion | ▼ -48.3 pp |
| 1997 | 100.0% | CA$8.90 Billion | CA$0.00 | CA$207.84 Billion | ▲ +0.0 pp |
| 1996 | 100.0% | CA$7.59 Billion | CA$0.00 | CA$169.83 Billion | ▲ +0.0 pp |
| 1995 | 100.0% | CA$7.03 Billion | CA$0.00 | CA$151.83 Billion | ▲ +0.0 pp |
| 1994 | 100.0% | CA$6.54 Billion | CA$0.00 | CA$138.18 Billion | — |