First Quarter 2022 Financial Results
Corporate and Other
Reported ($MM)
Revenue¹
Net interest income
Non-interest income
Q1/22
YOY
QoQ
.
105
(9%)
(14%)
(14)
($16)
($44)
119
5%
29%
Non-Interest Expenses
284
7%
(45%)
Provision for Credit Losses
(9)
($19)
($13)
Net Income (Loss)
(49)
21%
79%
Adjusted² ($MM)
Revenue¹
Q1/22
YOY
QoQ
105
(9%)
(14%)
Net interest income
(14)
($16)
($44)
Non-interest income
119
5%
29%
Non-Interest Expenses
281
7%
(22%)
Pre-Provision, Pre-Tax Earnings³
(176)
(19%)
26%
Provision for Credit Losses
(9)
($19)
($13)
Net Income (Loss)
(47)
20%
61%
CIBC
Strong revenue growth in FCIB, offset by lower treasury and other corporate
revenues
Adjusted expenses up 7% YoY and down 22% QoQ
•
YoY growth driven by higher performance-based compensation and continued
investments in enterprise strategic initiatives
Sequential decline driven by timing of spend, including investments associated
with launching our new brand in Q4/21
Provision for Credit Losses:
PCL ratio on impaired of 58 bps
1 Revenue is reported on a taxable equivalent basis (TEB).
2 Adjusted results are non-GAAP financial measures. See slide 37 for further details.
3 Pre-provision, pre-tax earnings is revenue net of non-interest expenses and is a non-GAAP measure. See slide 37 for further details.
First Quarter, 2022
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