Q1 Financial Review

First Quarter 2020 Key Performance Measures EPS Efficiency Ratio CET1 Ratio Reported $2.63 Reported 63.1% 11.3% +4 bps YoY $3.24 Adjusted¹ Adjusted¹ +8% YOY 55.0% +60 bps YoY 2020 Guidance Low Single Digit 2022 Guidance² - 53.5% 54.0% 2020 Guidance 11.0% 11.5% ROE PCL Ratio on Impaired Dividend Payout Ratio Trailing 12 Months 50.6% Reported 13.1% Reported 0.24% -6 bps YoY Adjusted¹ 16.1% +10 bps YoY 46.7% Adjusted¹ +200 bps YoY Target³ 15%+ 2020 Guidance <0.30% Target³ 40% - 50% CIBC 1 Adjusted results are non-GAAP financial measures. See slide 28 for further details. 2 2017 Investor Day target of 52.0% by F2022, adjusted for macroeconomic factors. 3 2017 Investor Day through the cycle target. 4

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