First Quarter 2022 Financial Results
Double-digit growth in net interest income driven by robust growth in volumes
Net Interest Margin 1,2
Loans 2,4 ($B, local currency)
Deposits² ($B, local currency)
YOY QoQ
YOY QoQ
1.58%
1.59%
1.60%
1.58%
1.60%
57
+25% +10%
35
94
+8%
+12% +5%
+5%
3,132
81
+19% +5%
35
+10% +3%
2,980
2,893
2,839
250
94
+13% +6%
2,747
195
180
235
206
290
+12%
+3%
2,882
2,713
2,785
196
+6%
+2%
2,604
2,541
Q1/21
Q2/21
Non-Trading NII ($MM)
Q3/21
Q4/21
Q1/22
Trading NII ($MM) 3
-NIM
Canadian Personal & Commercial NIM1,5
2.35%
1 bp
Q1/22
Q1/22
Personal & Business Banking
U.S. Commercial & Wealth
Cdn. Commercial & Wealth
Capital Markets
U.S. Commercial & Wealth NIM1
3.48%
1 bp
2.36%
2 bps
3.45%
(1) bp
(3) bps
(2) bps
Q4/21
Volume/Mix
CIBC◇
2
Product
Margins
Other
Q1/22
Q4/21
Volume/Mix
Product
Margins
1 Net Interest Margin is calculated on average interest earning assets. Certain additional disclosures for these specified financial measures have been incorporated by reference and can be found on pages 41 and 42
in the Q1/22 Management's discussion and analysis, available on SEDAR at www.sedar.com.
Average balances are calculated as a weighted average of daily closing balances.
3 See note 4 on slide 38.
4 Average loans and acceptances, before any related allowances.
5 Includes the results of Canadian Personal and Business Banking and Canadian Commercial Banking, as well as Simplii Financial and CIBC Investor's Edge, which are now reported in Capital Markets.
Other
Q1/22
First Quarter, 2022
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