Fourth Quarter, 2023 Financial Overview
Endnotes
Fourth quarter and fiscal 2023
Slide 45 Provision for Credit Losses (PCL)
1.
See notes 9 and 10 on slide 68.
Slide 46 Allowance Coverage
1.
2.
Capital Markets excludes allowance for credit losses related to Simplii Financial which is included in the respective Canadian retail products.
See notes 13-15 on slide 69.
Slide 47 Credit Portfolio Breakdown
1.
2.
3.
Incorporates security pledged; equivalent to S&P/Moody's rating of BBB/Baa2.
LTV ratios for residential mortgages are calculated based on weighted average. See page 67 of the 2023 Annual Report for further details.
GVA and GTA definitions based on regional mappings from Teranet.
Slide 48 Canadian Uninsured Residential Mortgages
1.
Starting Q2/23, our primary credit score provider is TransUnion as opposed to Equifax in the prior quarters. The scores are not identical, so score distributions up to Q1/23 are not directly comparable to
score distributions from Q2/23 and onwards. This change in credit score provider had no material impacts on provision for credit losses.
LTV ratios for residential mortgages are calculated based on weighted average. See page 67 of the 2023 Annual Report for further details.
2.
3.
GVA and GTA definitions based on regional mappings from Teranet.
Slide 49 Canadian Uninsured Residential Mortgages - Q4/23 Originations
1.
2.
3.
4.
Originations include refinancing of existing mortgages but not renewals.
LTV ratios for residential mortgages are calculated based on weighted average. See page 67 of the 2023 Annual Report for further details.
GVA and GTA definitions based on regional mappings from Teranet.
Starting Q3/23, our primary credit score provider is TransUnion as opposed to Equifax in the prior quarters. The scores are not identical, so score distributions up to Q2/23 are not directly comparable to
score distributions starting Q3/23 and onwards. This change in credit score provider had no material impacts on provision for credit losses.
Slide 50 Commercial Real Estate
1.
Includes $4.1B in Multi Family that is reported in residential mortgages in the Supplementary Financial Information package.
2. Includes US$1.4B in loans that are reported in other industries in the Supplementary Financial Information package, but are included here because of the nature of the security.
23
3.
Incorporates security pledged; equivalent to S&P/Moody's rating of BBB-/Baa3 or higher. In Q1/23, CIBC Bank USA Loans were re-rated, and converted from the Legacy CIBC Bank USA internal rating
methodology to the CIBC internal risk rating methodology. The internal risk rating system gives more benefit to certain secured loans and less benefit to certain higher risk loans, which had a significant
impact on the risk ratings for these exposures.
Slide 51 Trading Revenue (TEB) Distribution
1.
See note 11 on slide 68.
Slide 52 - Forward Looking Information
1.
See page 147 of the 2023 Annual Report for further details.
CIBCâ—‡
Fourth Quarter, 2023
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