Fourth Quarter, 2023 Financial Overview

Canadian Banking: Commercial Banking & Wealth Management Solid performance driven by client relationship focus through a challenging economic backdrop • Net interest income comparable to the prior year Reported & Adjusted¹ ($MM) Q4/23 YoY QoQ • • Net interest margin down 1 bp YoY but improved 2 bps on a sequential basis Modest growth in commercial banking loans and deposits offset by decline in wealth deposits Non-interest income up 6% YoY • Higher fee-based and transactional revenues Modest increase in AUA and AUM (+2% YoY), in- line with broader markets Expenses up 3% YoY driven by higher employee- related costs Provision for Credit Losses: Total PCL ratio of 5 bps Net Interest Income Revenue 1,366 4% 1% 452 0% 2% Non-Interest Income 914 6% 1% Expenses PPPT² 679 3% 1% 687 4% 2% Provision for Credit Losses 11 $(10) $(29) Net Income 490 4% 5% Commercial Banking - Loans (Average, $B)3,4 Commercial Banking - Deposits (Average, $B)4 94 4% 1% 92 5% 2% Net Interest Margin (bps) 337 (1) 2 Assets Under Administration 5,6 (AUA, $B) 332 2% (5)% • Impaired PCL ratio of 5 bps Assets Under Management 5,6 (AUM, $B) 214 2% (5)% Q4/23 | Key Highlights 4% / 5% Loan & Deposit Growth 3,4 Continued growth momentum Endnotes are included on slides 58 to 66. CIBC◇ 5 bps $1.8B Impaired PCL Ratio Down 12 bps QoQ Annual Referral Volume? Continued stability in volumes Fourth Quarter, 2023 18

View entire presentation