Q1 Financial Review

Provision for Credit Losses Reported & Adjusted¹ ($MM) Q1/19 Q4/19 Q1/20 Total Provision for Credit Losses down YoY & QoQ . Cdn. Personal & Small Business 208 255 215 Lower impairments during the current quarter Impaired 192 218 192 • Performing provisions were lower as forward looking indicators remained relatively stable Performing 16 37 23 Cdn. Commercial Banking & Wealth 43 80 35 Impaired 48 71 34 Provision for Credit Losses Ratio Performing (5) 9 1 U.S. Commercial Banking & Wealth 16 17 15 0.40% 0.35% Impaired 5 13 16 Performing 11 4 (1) 0.26% 0.33% Capital Markets 66 45 (10) 0.30% 0.24% Impaired 42 24 72 43 Performing 24 21 17 Corporate & Other 5 5 330 295 244 Impaired 8 4 7 Performing (3) 1 (1) Total PCL 338 402 261 Q1/19 Impaired 295 330 244 PCL on Impaired Performing 43 72 17 PCL Rate on Impaired Q4/19 Q1/20 PCL on Performing Total PCL Rate CIBC 1 Adjusted results are non-GAAP financial measures. See slide 28 for further details. 15

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