Canadian Personal Banking Digital Transformation
Canadian Commercial & Wealth - strong expense discipline in slower growth environment
Reported & Adjusted¹ ($MM)
•
Higher net interest income driven by volume growth and YoY NIM expansion
Revenue
Q3/20
1,013
YOY
QoQ
(1%)
(1%)
•
Net interest income
Non-interest income
318
6%
(1%)
•
695
(3%)
(1%)
•
Non-Interest Expenses
519
(2%)
(7%)
Pre-Provision Earnings²
494
1%
6%
•
Provision for Credit Losses
57
NM
(69%)
•
Net Income
320
(7%)
55%
Commercial Banking Loans and Deposits ($B)
307
322
314
64
67
56
60
67
65
Q3/19
Loans & Acceptances³
Q2/20
Deposits
Q3/20
-Net Interest Margin - segment (bps)
CIBC
1 Adjusted results are non-GAAP financial measures. See slide 36 for further details.
2 Pre-provision earnings is revenue net of non-interest expenses and is a non-GAAP measure. See slide 36 for further details.
3 Comprises loans and acceptances and notional amount of letters of credit.
4 Assets under management (AUM) are included in assets under administration (AUA).
Commercial loan balances up 5% YoY
Commercial deposit balances up 17% YoY
NIM up 7 bps YoY and down 8 bps QoQ
Non-interest income down 3% YoY
Wealth Management continues to be impacted by market conditions
Lower fees in Commercial Banking
Provision for Credit Losses:
•
Total PCL ratio of 35 bps
•
PCL ratio on impaired of 28 bps
Wealth Management ($B)
287
273
291
180
178
191
Q3/19
Q2/20
Q3/20
■AUA4
■ AUM4
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