Fourth Quarter, 2023 Financial Overview
Allowance Coverage
Allowance coverage remains higher than the pre-pandemic level
Total allowance coverage ratio up YoY and QoQ
•
•
Increase QoQ is due to higher allowances in both
performing and impaired portfolios
Allowance coverage increase is driven by updated
portfolio performance and economic outlook
Total Allowance Coverage Ratio²
0.62%
0.73%
0.76%
Total Allowance Coverage
Canadian Credit Cards
Q1/20
Q4/20
Q4/22
Q3/23
Q4/23
4.0%
6.2%
5.3%
4.3% 4.2%
Canadian Residential Mortgages
<0.1% 0.1%
<0.1%
0.1%
0.1%
Canadian Personal Lending
1.3%
1.9%
2.0%
2.1%
2.3%
Canadian Small Business
2.3% 2.9%
3.1%
2.4%
2.7%
Canadian Commercial Banking
0.5%
0.9%
0.5%
0.6%
0.6%
U.S. Commercial Banking
0.5%
1.4%
0.8%
1.7%
1.8%
Capital Markets¹
0.4%
1.1% 0.2%
0.2%
0.2%
CIBC FirstCaribbean (FCIB)
3.3%
5.1%
4.1%
3.7%
3.4%
Total
0.76%
0.51% 0.89% 0.62% 0.73%
Performing and Impaired Allowance Coverage Ratios
38%
38%
36%
3,936
4,117
0.49%
0.54%
0.56%
3,276
Q4/22
Q3/23
Q4/23
Q4/22
Q3/23
Q4/23
2
2
Allowance Coverage Ratio
Impaired ACL to GIL
Performing ACL to Performing Loans
Allowance for Credit Losses ($MM)
Endnotes are included on slides 58 to 66.
CIBC
Fourth Quarter, 2023
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