Third Quarter 2023 Financial Results Overview
Endnotes
Third quarter 2023
Slide 18 Corporate & Other
1
Revenue is reported on a taxable equivalent basis (TEB). TEB adjustment in Q3/23 was $66 million.
2
Adjusted results are non-GAAP measures. See slide 52 for further details.
3
Pre-provision, pre-tax earnings is revenue net of non-interest expenses and is a non-GAAP measure. See slide 52 for further details.
Slide 22 - Allowance for Credit Losses
1
See note 13 on slide 54.
2
Includes residential mortgages, credit card and personal lending.
3
Includes all business and government loans except the office sector.
Slide 23 Credit Performance
Excludes CIBC FirstCaribbean business & government loans.
1
2
See notes 16 and 17 on slide 54.
Gross Impaired Loans
Slide 24 - Canadian Consumer Lending
1 See notes 18-20 on slide 54.
Slide 25
Canadian Real Estate Secured Personal Lending
1 GVA and GTA definitions based on regional mappings from Teranet.
Slide 29 Our Digital Footprint
Canadian Personal Banking only, excluding Simplii Financial. Based on spot balances as at July 31 for the respective periods.
Digital Adoption (Penetration) Rate represents the percentage share of Digital Registered Customers who have been engaged on CIBC Online Banking and/or CIBC Mobile Banking at least once in the last
90 calendar days out of all Canadian Personal Banking customers engaged across any channel.
1
2
3
4
5
Other includes transfers and eDeposits.
Active Digital Users represent the 90-day Active clients in Canadian Personal Banking.
Reflects financial transactions only.
Slide 30 - Canadian Personal & Commercial Banking
1
Includes the results of Canadian Personal and Business Banking and Canadian Commercial Banking, as well as Simplii Financial and CIBC Investor's Edge, in Capital Markets.
2
3
Adjusted results are non-GAAP measures. See slide 52 for further details. Q3/22, Q4/22, Q1/23, Q2/23 and Q3/23 adjusted net income exclude ($81MM), ($42MM), ($14MM), ($5MM), ($6MM) and
($30MM) after-tax, respectively, in items associated with the acquisition of the Canadian Costco credit card portfolio and the Commodity Tax Charge related to the 2023 Canadian Federal budget. Adjusted
NIM excludes $6MM for Q3/22 and $6MM for Q4/22 for the accretion of the acquisition date fair value discount on the acquired Costco credit card receivables, treated as an item of note, from reported net
interest income in that period.
Certain additional disclosures for net interest margin on average interest-earning assets (NIM) have been incorporated by reference and can be found on pages 51-57 in the Q3/23 Report to Shareholders,
available on SEDAR+ at www.sedarplus.ca.
4
Average balances are calculated as a weighted average of daily closing balances.
5
Average loans and acceptances, before any related allowances.
6
Commercial Banking loans comprise loans and acceptances and notional amount of letters of credit.
CIBCâ—‡
Third Quarter, 2023
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