Q1 Financial Review
Corporate and Other
Reported ($MM)
Revenue¹
Q1/20
YOY
QoQ
208
(8%)
(25%)
Net interest income
96
16%
(41%)
Non-interest income
112
(22%)
(4%)
Non-Interest Expenses
627
NM
31%
Provision for Credit Losses
6
20%
20%
Net Income
(245)
NM
NM
Adjusted² ($MM)
Q1/20
YOY
QoQ
Revenue¹
208
(8%)
(2%)
Net interest income
96
16%
1%
Non-interest income
112
(22%)
(4%)
Non-Interest Expenses
285
6%
(12%)
Pre-Provision Earnings³
(77)
(79%)
31%
Provision for Credit Losses
20%
20%
Net Income
8
(79%)
NM
CIBC
•
Reported results include restructuring charge primarily
relating to employee severance
Strong performance in FCIB driven by higher fee income
Offset by lower treasury revenues
1 Revenue is reported on a taxable equivalent basis (TEB).
2 Adjusted results are non-GAAP financial measures. See slide 28 for further details.
3 Pre-provision earnings is revenue net of non-interest expenses and is a non-GAAP measure. See slide 28 for further details.
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