Q1 Financial Review

Very strong results in Capital Markets . Reported & Adjusted¹ ($MM) Q1/20 YOY QoQ Revenue² 871 22% 18% • Higher underwriting activity YoY Net interest income Non-interest income 384 32% 6% • 487 16% 29% • Non-Interest Expenses 419 14% 9% Strong performance in Global Markets broadly across trading and financing activities Double-digit revenue growth in U.S. region Expense growth driven by higher performance-based compensation Pre-Provision Earnings³ 452 31% 28% Provision for (reversal of) Credit (10) NM NM Losses Net Income 335 63% 46% Revenue ($MM)² U.S. Region Revenue ($MM)² 438 350 352 225 194 160 362 388 433 Q1/19 Q4/19 Q1/20 Q1/19 Q4/19 Q1/20 ■ Non-Trading Trading 1 CIBC Adjusted results are non-GAAP financial measures. See slide 28 for further details. 2 Revenue is reported on a taxable equivalent basis (TEB). 3 Pre-provision earnings is revenue net of non-interest expenses and is a non-GAAP measure. See slide 28 for further details. 12

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