Exhibit 99.3
CONSOLIDATED CAPITALIZATION OF BANK OF MONTREAL
The following table sets forth the consolidated capitalization of the Bank as at July 31, 2026.
| | | | | |
| As at |
| July 31, 2026 |
| (in millions of Canadian dollars) |
| |
Subordinated Debt | 7,495 |
Total Equity | |
Preferred Shares(1) and Other Equity Instruments(2) | 7,706 |
Common Shares | 23,473 |
Contributed Surplus | 403 |
Retained Earnings | 47,734 |
Accumulated Other Comprehensive Income | 7,207 |
Total Shareholders’ Equity | 86,523 |
Non-controlling Interest in Subsidiaries | 50 |
Total Equity | 86,573 |
| |
Total Capitalization | 94,068 |
|
|
Notes:
(1)Preferred Shares classified under Total Equity consist of Class B Preferred Shares Series 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 nine months ended July 31, 2026.
(2)The Other Equity Instruments described under Total Equity consist of Additional Tier 1 Capital Notes and Limited Recourse Capital Notes, Series 2, 3, 4, 5 and 6. Please refer to Note 6 of the unaudited interim consolidated financial statements of Bank of Montreal for the nine months ended July 31, 2026.