Fourth Quarter, 2023 Financial Overview
Net Interest Income (NII)
NII (ex-trading) grew 8%, supported by strong margins and volume growth
Net Interest Income
Trailing 5Q NIM Trends¹
3.49%
3.54%
3.41%
3.46%
3.44%
3,185
53
3,205
3,236
3,197
3,187
(60)
26
(102)
(171)
2.67%
2.67%
2.57%
2.47%
2.48%
3,265
3,338
3,368
3,132
3,161
1.60%
1.66%
1.65%
1.67%
1.66%
Q4/22
Q1/23
1.51%
1.49%
1.54%
1.49%
1.44%
Q2/23
Q3/23
Q4/23
Q4/22
Q1/23
Q2/23
Q3/23
Q4/23
Trading NII ($MM)²
Total Bank
Total Bank (ex. Trading)³
-P&C4
-U.S C&W
Non-Trading NII ($MM)
Canadian Personal & Commercial NIM 1,4,5
2.67%
U.S. Commercial & Wealth NIM1,5
4 bps
(1) bp
3.46%
+20 bps YoY
(1) bp
2.67%
(2) bps
(2) bps
(0) bps
3 bps
-5 bps YoY
3.44%
(3) bps
Q3/23
Deposit
Portfolio
Asset
Portfolio
Balance
Sheet Mix
Other
Q4/23
Q3/23
Deposit
Portfolio
Asset
Portfolio
Balance
Sheet Mix
Other
Q4/23
Endnotes are included on slides 58 to 66.
CIBC◇
Fourth Quarter, 2023
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