Fourth Quarter 2022 Financial Highlights
Glossary
Fourth quarter and fiscal 2022
Definition
1 Adjusted Diluted EPS
2 Adjusted ROE
3 Adjusted Operating Leverage
4
Adjusted Total PCL Ratio
5
Total PCL Ratio
6 Impaired PCL Ratio
7 Trading Revenues
8 Adjusted Efficiency Ratio
9 Total Allowance Coverage Ratio
10 Impaired ACL to GIL
11 Performing ACL to Performing Loans
CIBC
We adjust our reported diluted EPS to remove the impact of items of note, net of income taxes, to calculate the adjusted
EPS.
We adjust our reported net income attributable to common shareholders to remove the impact of items of note, net of
income taxes, to calculate the adjusted return on common shareholders' equity.
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 operating leverage.
We adjust our reported provision for (reversal of) credit losses to remove the impact of items of note, to calculate the
adjusted total PCL ratio.
Provision for (reversal of) credit losses to average loans and acceptances, net of allowance for credit losses.
Provision for (reversal of) credit losses on impaired loans to average loans and acceptances, net of allowance for credit
losses.
Trading activities is based on the risk definition of trading for regulatory capital and trading market risk. Positions in a
trading book are considered trading provided the book and positions continue to meet OSFI-defined trading book criteria
set out in OSFI's CAR guideline. Trading revenue comprises net interest income and non-interest income. Net interest
income arises from interest and dividends related to trading assets and liabilities other than derivatives and is reported net
of interest expense and income associated with funding these assets and liabilities. Non-interest income includes
unrealized gains and losses on security positions held, and gains and losses that are realized from the purchase and sale
of securities. Non-interest income also includes realized and unrealized gains and losses on trading derivatives. Trading
revenue includes the impact of funding valuation adjustments and related hedges, which are not considered trading
activities for regulatory purposes. Trading revenue excludes underwriting fees and commissions on securities transactions,
which are shown separately in the consolidated statement of income.
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.
Fourth Quarter, 2022
46View entire presentation