Third Quarter 2023 Financial Results Overview
Allowance Coverage
Allowance coverage increase is driven by updated portfolio performance and economic outlook
Total allowance coverage ratio up YoY and QoQ
Total Allowance Coverage
Q1/20
Q4/20
Q3/22
Q2/23
Q3/23
•
Increase QoQ is due to higher allowances in both
performing and impaired portfolios
Canadian Credit Cards
4.0%
6.2%
4.9%
4.3%
4.3%
Canadian Residential Mortgages
<0.1% 0.1%
<0.1%
<0.1%
0.1%
•
Current allowance coverage remains higher than the pre-
pandemic level
Canadian Personal Lending
1.3%
1.9%
1.9%
2.0%
2.1%
Canadian Small Business
2.3%
2.9%
2.0%
2.3%
2.4%
Canadian Commercial Banking
0.5%
0.9%
0.4%
0.5%
0.6%
U.S. Commercial Banking
0.5%
1.4% 0.7%
1.3%
1.7%
Capital Markets¹
0.4%
1.1% 0.2% 0.2%
0.2%
CIBC FirstCaribbean (FCIB)
Total
3.3%
5.1% 4.1%
0.51% 0.89% 0.58% 0.66%
4.0%
3.7%
0.73%
Total Allowance Coverage Ratio²
0.58%
0.73%
0.66%
Performing and Impaired Allowance Coverage Ratios
38%
38%
38%
0.54%
3,936
0.46%
0.50%
3,581
3,002
Q3/22
Q2/23
Allowance for Credit Losses ($MM)
Q3/23
Allowance Coverage Ratio
Q3/22
Q2/23
2
Impaired ACL to GIL
Endnotes are included on slides 46 to 51.
CIBC◇
Third Quarter, 2023
Q3/23
-Performing ACL to Performing Loans
2
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