Fourth Quarter 2022 Financial Highlights
Provision for Credit Losses (PCL)
Impaired PCL remains favourable to pre-pandemic
•
Provision for Credit Losses up YoY and QoQ
Impaired provisions up in Q4/22 due to higher provisions net of
reversals across all strategic business units (SBUS)
Performing provision in Q4/22 mainly due to a change in overall
economic outlook and credit migration
($MM)
Q4/21
Q3/22
Q4/22
Cdn. Personal & Business Banking
164
200
305
Impaired
Performing
87
136
158
77
64
147
Cdn. Commercial Banking & Wealth
(5)
10
21
Provision for Credit Losses Ratio¹
Impaired
9
14
Performing
(11)
1
7
0.33%
U.S. Commercial Banking & Wealth
(51)
35
100
0.19%
Impaired
8
15
34
0.10%
0.16%
Performing
(59)
20
66
0.12%
0.07%
Capital Markets
(34)
(9)
(1)
Impaired
217
(15)
(5)
Performing
(34)
6
4
87
Corporate & Other
4
7
11
219
156
Impaired
11
11
18
112
Performing
(7)
(4)
(7)
(34)
Total PCL
78
243
436
Q4/21
Q3/22
Q4/22
PCL on Impaired
Impaired PCL Ratio1
PCL on Performing
Total PCL Ratio1
Impaired
Performing
112
156
219
(34)
87
217
1
See notes 5 and 6 on slide 46.
CIBC◇
Fourth Quarter, 2022
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