Investor Presentation Fourth Quarter 2020

Capital Markets - revenue growth and expense discipline driving positive operating leverage Reported & Adjusted¹ ($MM) Revenue² Net interest income Non-interest income Q4/20 YOY QoQ Solid revenue growth YoY 792 7% (21%) Strong trading activity in Interest Rates and Commodities 541 49% 3% • 251 (34%) (47%) • Non-Interest Expenses 384 (1%) (7%) Corporate Banking revenues driven by 10% growth in commitments Continued growth in revenues from non-Capital Markets clients in F20 Provision for Credit Losses: Pre-Provision Earnings³ 408 15% (30%) • Total PCL ratio of 9 bps Provision for Credit Losses 8 (82%) Net Income 267 16% (87%) (32%) • PCL ratio on impaired of 21 bps Revenue ($MM)² 507 361 352 388 493 U.S. Region Revenue (US$MM)² 197 153 147 431 Q4/19 Q3/20 Q4/20 Q4/19 Q3/20 Q4/20 ■ Non-Trading Trading 1 CIBC Adjusted results are non-GAAP financial measures. See slide 38 for further details. 2 Revenue is reported on a taxable equivalent basis (TEB). 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 13

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