Investor Presentation Fourth Quarter 2020
Corporate and Other
Reported ($MM)
Revenue¹
Net interest income
Q4/20
YOY
QoQ
126
(55%)
1%
6
(96%)
NM
•
Non-interest income
120
3%
(8%)
Non-Interest Expenses
548
14%
55%
•
Provision for Credit Losses
46
NM
70%
Net Income
(356)
NM
NM
•
Reported results impacted by a number of significant items
.
Lower Treasury revenues primarily due to the costs of carrying elevated levels of
liquidity, despite partial improvement in the current quarter
FCIB performance impacted by lower rates and decreased client activity
Provision for Credit Losses:
•
Total PCL ratio of 181 bps
Revenue ($MM)²
Adjusted² ($MM)
Revenue¹
Q4/20
YOY
QoQ
126
(41%)
1%
Net interest income
Non-interest income
6
(94%)
NM
18
120
3%
(8%)
Non-Interest Expenses
290
(10%)
4%
212
(81)
(23)
Pre-Provision Earnings³
(164)
(46%)
(6%)
126
Provision for Credit Losses
Net Income
46
NM
70%
(107)
NM
(91%)
Q4/19
Treasury
FCIB
Other
Q4/20
CIBC
1 Revenue is reported on a taxable equivalent basis (TEB).
2 Adjusted results are non-GAAP financial measures. See slide 38 for further details.
3 Pre-provision earnings is revenue net of non-interest expenses and is a non-GAAP measure. See slide 38 for further details.
Fourth Quarter, 2020 14View entire presentation