Fourth Quarter 2022 Financial Highlights
Capital & Liquidity
Resilient balance sheet supports organic business growth
Capital & Liquidity Positions
•
•
.
Balance sheet continues to remain well positioned
to support continued organic growth
CET1 ratio of 11.7%, down 4 bps sequentially,
reflecting:
Capital generation from earnings net of dividends
more than offset by RWA increases
Liquidity position increased sequentially, and well
above minimum requirements
$B
CET1 Ratio
Q4/21
Q3/22
Q4/22
Average Loans and Acceptances
455.5
510.0
525.6
Average Deposits
CET1 Capital¹
623.2
673.6
703.8
33.8
35.7
37.0
CET1 Ratio
12.4%
11.8%
11.7%
Risk-Weighted Assets (RWA)1
272.8
303.7
315.6
Leverage Ratio¹
4.7%
4.3%
4.4%
Liquidity Coverage Ratio (average)
127%
123%
129%
HQLA (average)1
174.7
167.7
181.5
Net Stable Funding Ratio¹
118%
117%
118%
RWA ($B)
13 bps
11.8%
11.7%
(5) bps
(8) bps
(3) bps
Q3/22
Earnings Net
of Dividends
RWA Growth
(incl. CCR)
Credit
Quality
Other
Q4/22
3.6
0.6
303.7
7.7
315.6
Q3/22
Credit Risk
(excl. FX)
Market &
Operational Risk
(excl. FX)
FX
Q4/22
1
RWA and our capital balances and ratios are calculated pursuant to OSFI's CAR Guideline, the leverage ratio is calculated pursuant to OSFI's Leverage Requirements Guideline, HQLA and NSFR are calculated pursuant to OSFI's LAR Guideline, all of which are based
on BCBS standards. For additional information, see the "Capital management" and "Liquidity risk" sections in the 2022 Annual Report available on SEDAR at www.sedar.com.
CIBC◇
Fourth Quarter, 2022
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