Fourth Quarter, 2023 Financial Overview

Canadian Real Estate Secured Personal Lending Mortgage delinquencies continue to perform better than pre-pandemic levels . Mortgage growth has been driven by clients with deep and balanced relationships 87% of mortgages are owner-occupied; investor mortgages performance is strong and compares favourably with owner-occupied mortgages We continue to connect with clients in negative amortization mortgages to offer proactive solutions where appropriate The portion of non-amortizing variable mortgages is $43B, down from $50B last quarter, and represent 50% of the total variable rate mortgages Mortgages 90+ Days Delinquency Rates - Investor vs. Owner Occupied 0.40% 90+ Days Delinquency Rates Q1/20 Q4/22 Q3/23 Q4/23 Total Mortgages 0.30% 0.13% 0.17% 0.21% 0.30% Insured Mortgages 0.43% 0.24% 0.25% 0.29% 0.20% Uninsured Mortgages 0.24% 0.11% 0.15% 0.20% Uninsured Mortgages in GVA¹ 0.15% 0.07% 0.17% 0.28% 0.10% Uninsured Mortgages in GTA1 0.14% 0.08% 0.13% 0.16% 0.00% Q4/19 Q4/20 Q4/21 Q4/22 Q4/23 --Investor -Owner Occupied Mortgage Balances ($B; principal) 262 141 87 34 Q4/22 265 266 143 143 HELOC Balances ($B; principal) 19.4 10.6 19.1 19.0 10.4 10.3 88 89 6.3 6.2 6.2 34 34 2.5 2.5 2.5 Q3/23 Q4/23 Q4/22 Q3/23 Q4/23 ■GVA 1 ■GTA 1 ■ Other Region ■GVA¹ ■GTA 1 ■ Other Region Endnotes are included on slides 58 to 66. CIBC Fourth Quarter, 2023 28

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