First Quarter 2022 Financial Results

Allowance for credit losses down YoY and QoQ Reported Q1/21 Q4/21 Q1/22 Allowance coverages were down YoY and QoQ Canadian Credit Cards 6.4% 5.9% 5.7% • Lower allowance coverage in Q1/22 largely driven by portfolio growth Canadian Residential Mortgages 0.1% 0.05% . 0.05% Current allowance coverage remains higher than the pre-pandemic level Canadian Personal Lending 1.8% 1.8% 1.8% Canadian Small Business 3.1% 2.2% 1.8% Canadian Commercial Banking 0.9% 0.5% 0.5% U.S. Commercial Banking 1.4% 0.9% 0.9% Capital Markets¹ 1.1% 0.5% 0.4% CIBC FirstCaribbean (FCIB) 5.0% 4.8% 4.8% Total 0.86% 0.64% 0.61% Total Allowance Coverage Ratio² 0.86% 0.64% 0.61% 3,631 2,970 Performing and Impaired Allowance Coverage Ratios 42% 42% 39% 0.63% 0.47% 0.45% 2,958 Q1/21 Q4/21 Q1/22 Allowance for Credit Losses ($MM) Allowance Coverage Ratio CIBC◇ 1 Capital Markets excludes allowance for credit losses related to Simplii Financial which is included in the respective Canadian retail products. 2 See notes 5-7 on slide 38. Q1/21 Q4/21 Impaired ACL to GIL² Q1/22 Performing ACL to Performing Loans 2 First Quarter, 2022 22

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