First Quarter, 2024 Earnings Report

Financial Results Overview Continued revenue growth and expense discipline drive record pre-provision pre-tax earnings Revenue Reported ($MM) Q1/24 YOY QoQ Revenue • Revenue growth of 5% YoY, driven by margin expansion, volume growth, higher fee income, and strong trading revenues 6,221 5% 6% Non-Trading Net Interest Income 3,459 6% 3% • Net interest income up 6% excluding trading Non-Trading Non-Interest Income 2,124 3% 3% . • Non-interest income up 3% excluding trading Trading revenue up 5%² Trading Revenue² 638 5% 51% Expenses 3,465 (22)% 1% Provision for Credit Losses 585 98% 8% • • Expenses • Expenses were down 22% on a reported basis (prior year included a legal provision treated as an item of note), or up 3% on an adjusted basis¹ driven by higher technology and employee-related costs Expense growth contained through a continued focus on balancing disciplined investment with the realization of efficiencies Provision for Credit Losses (PCL) Increased YoY reflecting current economic environment, particularly in the US Office and Canadian consumer portfolios Net Income Diluted EPS Efficiency Ratio³ ROE 1,728 299% 16% $1.77 354% 16% 55.7% (1960) bps (310) bps 13.5% 1040 bps 170 bps CET1 Ratio 13.0% 138 bps 64 bps Adjusted ($MM) Q1/24 YOY QoQ Revenue 6,221 5% 6% Non-Trading Net Interest Income 3,459 6% 3% Non-Trading Non-Interest Income 2,124 3% 3% • Total PCL ratio of 43 bps • PCL ratio on impaired of 36 bps Trading Revenue² 638 5% 51% Expenses¹ 3,359 3% (1)% PPPT1,4 2,862 8% 17% Provision for Credit Losses 585 98% 8% Net Income¹ 1,770 (4)% 16% Diluted EPS¹ $1.81 (7)% 15% Efficiency Ratio 1,5 54.0% (110) bps (410) bps ROE¹ 13.8% (170) bps 160 bps Endnotes are included on slides 49 to 54. CIBC First Quarter, 2024 8

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