Q3 2019 Fixed Income Investor Presentation
...Through Investments in Top-Line Growth and Efficiency...
Adjusted Revenue (TEB) 1,2
(C$ billions)
Adjusted Non-Interest Expenses¹
(C$ billions)
+6%
10.1
10.3
9.3
8.5
8.7
2.5
7.7
2.5
2.6
2.5
2.6
2.5
2.5
2016
2017
2018
YTD Q3
2019
LTM Q3
2019
+8%
18.1
18.5
16.3
15.0
14.3
4.5
13.9
4.6
4.8
4.4
4.6
4.6
4.6
2015
2016
2017
2018
YTD Q3
2019
LTM Q3
2019
2015
Q1 Q2
Q3
Q4
Adjusted Efficiency Ratio (TEB) 1,2
Q1 Q2 Q3 Q4
Adjusted Net Income¹
(C$ billions)
(%)
(3)
-4.0
59.6
58.0
57.2
55.6
55.3
55.5
+12%
5.4
5.4
4.7
1.3
4.1
4.0
3.8
1.4
1.4
1.3
1.3
1.4
1.3
2015
2016
2017
2018
YTD Q3
2019
LTM Q3
2019
2015
2016
2017
2018
YTD Q3
2019
LTM Q3
2019
Q1 Q2 Q3
Q4
(1) Adjusted results are non-GAAP measures. See the non-GAAP section of CIBC's Q2 2019 Report to Shareholders.
(2) TEB = Taxable Equivalent Basis - a non-GAAP financial measure representing the gross up of tax-exempt revenue on certain securities to an
equivalent before-tax basis to facilitate comparison of net interest income from both taxable and tax-exempt sources.
(3) 2015 to 2018 variance.
CIBC
CIBC Q3 2019 Fixed Income Investor Presentation
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