Fourth Quarter, 2023 Financial Overview
Glossary
Fourth quarter and fiscal 2023
12 Adjusted Efficiency Ratio
13
Total Allowance Coverage Ratio
14 Impaired ACL to GIL
15 Performing ACL to Performing Loans
16
Gross Impaired Loan Ratio
17
New Formations
Definition
We adjust our reported revenue and non-interest expenses to remove the impact of items of note and gross up tax-exempt revenue to bring it
to a TEB, to calculate the adjusted efficiency ratio.
Total allowance for credit losses to gross carrying amount of loans. The gross carrying amount of loans include certain loans that are
measured at FVTPL.
Allowance for credit losses on impaired loans as a percentage of gross impaired loans.
Allowance for credit losses on performing loans as a percentage of the gross carrying amount of performing loans. The gross carrying amount
of performing loans include certain loans that are measured at FVTPL.
Gross impaired loans as a percentage of the gross carrying amount of loans. The gross carrying amount of loans include certain loans that
are measured at FVTPL.
New formations represent gross carrying amount of loans which are newly classified as impaired during the quarter.
Net write-offs as a percentage of average loan balances.
19
90+ Days Delinquency Rate
90+ days delinquencies as a percentage of the gross carrying amount of loans.
18
Net Write-Off Ratio
20
20
21
21
Net Write-Offs
Average Interest-Earning Assets
Net write-offs include write-offs net of recoveries.
Average interest-earning assets include interest-bearing deposits with banks, interest-bearing demand deposits with the Bank of Canada,
securities, cash collateral on securities borrowed or securities purchased under resale agreements, loans net of allowance for credit losses,
and certain sublease related assets. Average balances are calculated as a weighted average of average daily closing balances.
CIBCâ—‡
Fourth Quarter, 2023
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