Bank of Montreal (BMO) 6-K 2025 Q1 BMO Financial Group Reports First Quarter 2025 Results

Exhibit 99.3

CONSOLIDATED CAPITALIZATION OF BANK OF MONTREAL

The following table sets forth the consolidated capitalization of the Bank as at January 31, 2025.

	As at January 31, 2025
	(in millions of Canadian dollars)
Subordinated Debt		8,554
Total Equity
Preferred Shares(1) and Other Equity Instruments(2)		7,787
Common Shares		23,923
Contributed Surplus		363
Retained Earnings		47,243
Accumulated Other Comprehensive Income		8,243
Total Shareholders’ Equity		87,559
Non-controlling Interest in Subsidiaries		41
Total Equity		87,600
Total Capitalization		96,154

Notes:

(1) Preferred Shares classified under Total Equity consist of Class B Preferred Shares Series 33, 44, 50 and 52. For more information on the classification of Preferred Shares, please refer to Note 6 of the unaudited interim consolidated financial statements of Bank of Montreal for the three months ended January 31, 2025.

(2) The Other Equity Instruments described under Total Equity consist of Additional Tier 1 Capital Notes and Limited Recourse Capital Notes, Series 1, 2, 3, 4 and 5. Please refer to Note 6 of the unaudited interim consolidated financial statements of Bank of Montreal for the three months ended January 31, 2025.