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Q2 2026 · read from the 30 June 2026 Call Report · United States · Great Lakes · Illinois, the state note

BMO Bank National Association

Chicago, Illinois · $254.97B in assets · beside the 11 other the Great Lakes states banks over $10B (the state alone holds too few in the band to rank)

The filing

0.15%
ROA
12th of 12
86.8%
Efficiency
12th of 12
14.3%
Equity / assets
2nd of 12

BMO Bank National Association is the third largest of the 12 the Great Lakes states banks nearest its size over $10B, with $254.97B in assets at 30 June 2026. Loans are 73.0% of deposits, 3rd of 12 against a median of 84.2%, and equity is 14.3% of assets, 2nd of 12. Loans grew -0.5% in the year, 11th of 12, and deposits fell 2.6%; the cohort's median loan growth is +15.1%.

Noncurrent loans are 0.92% of the book, 9th of 12 against a median of 0.85%; 0.22% is 30 to 89 days past due, and the allowance covers them 1.7 times. Net charge-offs are 0.20% of loans, 4th of 12. Commercial real estate is 14.6% of loans, 5th of 12 against a median of 25.6%, and 69% of capital, below the 300% screen, with construction at 15% against the 100% screen.

Return on assets is 0.15%, the lowest in the cohort against a median of 1.30%, on an efficiency ratio of 86.8%, the highest in the cohort. Five years ago it was 1.18%. The question is cost: what the efficiency ratio does to earnings when the margin compresses.

Return on assetsGreat Lakes states banks over $10B · 30 June 2026 · higher is stronger, listed first
median 1.30% NT Northern Trust Co. 1.59% CB CIBC Bank USA 1.53% FF First Financial Bank 1.52% MB Merchants Bank of Indiana 1.47% ON Old National Bank 1.39% BB Busey Bank 1.34% KN KeyBank National Association 1.26% HN Huntington National Bank 1.00% AB Associated Bank N.A. 0.97% FT Fifth Third Bank N.A. 0.87% FM First Merchants Bank 0.75% BB BMO Bank National Association 0.15%
Loans, year over yearGreat Lakes states banks over $10B · 30 June 2026 · no better direction, largest first
median +15.1% FT Fifth Third Bank N.A. +45.8% HN Huntington National Bank +40.9% AB Associated Bank N.A. +19.1% FM First Merchants Bank +17.1% FF First Financial Bank +16.6% MB Merchants Bank of Indiana +15.5% CB CIBC Bank USA +14.6% ON Old National Bank +5.9% KN KeyBank National Association +4.3% NT Northern Trust Co. +1.2% BB BMO Bank National Association -0.5% BB Busey Bank -4.5%

SBA 7(a), FY2008 to FY2026

BMO Bank National Association is the 15th largest 7(a) lender into California of 512, with $1.19B across 1,579 loans, 1.8% of everything approved in the state (Wells Fargo Bank National Association leads with $5.56B). 277 of its 375 markets have had no approvals since before FY2023: an absence in the record, not a stated withdrawal.

Where it lends in California, and where it has gone quietshare movement, FY2023 to FY2025 against FY2020 to FY2022; outlined counties are on the book
Gaining shareLosing shareFlatGone quiet: nothing since FY2023Too thin to read a directionNo record
Every market on the book, largest firstrank and share among every lender in the county, FY2008 to FY2026
CountyApprovedRankShareTrend
Los Angeles, CA$307M16th of 3081.5%-1.8 pts
Orange, CA$206M8th of 2562.8%-1.6 pts
Maricopa, AZ$145M14th of 3031.9%-0.7 pts
Bernalillo, NM$102M1st of 12512.8%-12.0 pts
Santa Clara, CA$88M5th of 1873.4%-3.1 pts
Denver, CO$78M7th of 1934.0%-1.8 pts
San Diego, CA$78M16th of 2381.4%-0.9 pts
Multnomah, OR$69M6th of 1404.3%-1.8 pts
Salt Lake, UT$69M14th of 1642.3%-1.3 pts
Alameda, CA$64M9th of 1792.7%-2.2 pts
Jefferson, CO$61M6th of 1834.0%-2.5 pts
Sacramento, CA$61M10th of 1702.7%-0.7 pts
San Bernardino, CA$57M17th of 2131.6%-2.4 pts
362 smaller markets not shown.
What it lends to: the five largest industries on the bookshare of book is concentration; share of sector and rank are position, among every 7(a) lender nationally
IndustryLoansApprovedShare of bookShare of sectorRank
Manufacturing503$419M13.9%1.06%16th of 2,246
Retail trade625$391M13.0%0.64%30th of 2,589
Health care & social assistance661$351M11.7%0.74%25th of 2,172
Construction547$336M11.2%1.06%19th of 2,063
Professional & technical services588$325M10.8%1.00%20th of 1,955
7(a) lenders into California, share of approvals since FY2008512 lenders on record; the ten largest and BMO Bank National Association
WF Wells Fargo Bank National Associa… 8.5% $5.56B · 15,065 loans UB U.S. Bank, National Association 7.3% $4.78B · 14,424 loans LO Live Oak Banking Company 4.5% $2.95B · 2,312 loans EB Enterprise Bank & Trust 4.3% $2.82B · 2,975 loans Bo Bank of Hope 3.9% $2.57B · 6,200 loans CB Columbia Bank 3.6% $2.33B · 3,734 loans JC JPMorgan Chase Bank, National Ass… 2.8% $1.86B · 9,370 loans OB Open Bank 2.5% $1.65B · 1,421 loans HS Harvest Small Business Finance, L… 2.4% $1.59B · 1,278 loans CB Celtic Bank Corporation 2.4% $1.57B · 2,551 loans BB BMO Bank National Association 1.8% $1.19B · 1,579 loans

Commercial real estate against capital

Commercial real estate concentrationthe 2006 interagency screens against total risk-based capital; owner-occupied excluded; bold marks a screen met
BMO Bank National AssociationRankCohort median
Total CRE against capital, the 300% screen69%4th of 12159%
Construction against capital, the 100% screen15%3rd of 1227%
Construction and land development, share of loans3.2%4th of 124.9%
Non-owner-occupied nonfarm nonresidential, share of loans9.2%6th of 1210.1%
Total CRE, the guidance definition, share of loans14.6%5th of 1225.6%
CRE growth over 36 months, the third prong+8.3%4th of 12+24.0%

Among its peers

Where it sits among its peersnavy: the stronger half of each column; amber: the weaker; darker at the ends
InstitutionAssetsROAEfficiencyNPA / loansNet charge-offsAllowance / loansLoans / depositsEquity / assets
Fifth Third Bank N.A.$299.18B0.9%68.0%0.84%0.31%1.6%74.5%12.6%
Huntington National Bank$283.07B1.0%61.7%1.06%0.24%1.7%84.2%11.8%
BMO Bank National Association$254.97B0.1%86.8%0.92%0.20%1.6%73.0%14.3%
KeyBank National Association$188.56B1.3%54.9%0.86%0.39%1.3%70.6%9.9%
Northern Trust Co.$178.57B1.6%70.3%0.23%0.00%0.4%29.6%6.7%
Old National Bank$73.86B1.4%49.4%0.92%0.25%1.1%89.2%11.3%
CIBC Bank USA$66.50B1.5%36.8%1.35%0.25%1.1%84.2%17.4%
Associated Bank N.A.$51.76B1.0%58.8%0.42%0.16%1.2%91.2%10.4%
First Financial Bank$22.35B1.5%57.5%0.70%0.27%1.4%77.3%13.4%
First Merchants Bank$21.32B0.7%65.2%0.82%0.18%1.5%93.0%12.8%
Merchants Bank of Indiana$21.17B1.5%40.2%1.18%0.39%0.4%121.1%11.0%
Busey Bank$18.15B1.3%59.9%0.51%0.21%1.2%87.1%13.7%
Five years, 2021 to 2026same quarter, five years apart; dollars as growth, ratios in points
BMO Bank National AssociationCohort median
20212026Change20212026Change
Loans$83.20B$141.64B+70%$25.26B$43.57B+73%
Deposits$134.30B$194.14B+45%$31.51B$54.23B+72%
NPA / loans0.98%0.92%-0.05 pts0.72%0.85%+0.13 pts
Efficiency55.4%86.8%+31.4 pts57.5%59.3%+1.9 pts
ROA1.18%0.15%-1.04 pts1.33%1.30%-0.03 pts

This read was prepared for BMO Bank National Association's board and management from the public record, and is one slice of what Lynx builds for any bank from its own filing: the peer cohort, the capital, liquidity and rate models with the assumptions the institution sets, and a summary report of twenty sections for the board.

The full pack on BMO Bank National Association is prepared on request, and thirty days on the institution's own numbers are open to anyone at the bank.

Ask for the pack

Prepared 7 September 2026
Filing 30 June 2026
Cohort Great Lakes states banks over $10B
Institution www.bmo.com

Public record only: FFIEC Call Report, 30 June 2026; FDIC data; cohort by New England and asset band; SBA 7(a) FOIA release as of the 2026 file, loans credited to the institution holding them today. Computed from the institution's own Call Report and its peers' as published; no estimate, no adjustment; not a rating, not an audited statement and not a supervisory judgement.
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