First Quarter 2022 Financial Results
Provision for credit losses down YoY and QoQ
Reported & Adjusted¹ ($MM)
Q1/21
Q4/21
Q1/22
Cdn. Personal & Business Banking
54
164
98
Impaired
109
87
99
Performing
(55)
77
(1)
Provision for Credit Losses down YoY and QoQ
Impaired provisions up in Q1/22 due to higher write-offs and impaired balances in
retail and higher provisions in U.S. Commercial
Q1/22 continued to have a performing provision reversal due to a favourable change
in the overall economic outlook
Cdn. Commercial Banking & Wealth
33
(5)
(4)
Impaired
19
6
(1)
Performing
14
(11)
(3)
Provision for Credit Losses Ratio
U.S. Commercial Banking & Wealth
45
(51)
28
0.22%
Impaired
48
Performing
(3)
छळ
30
(59)
(2)
0.10%
0.11%
Capital Markets
5
(34)
(38)
0.14%
Impaired
42
(13)
0.07%
0.06%
Performing
(37)
(34)
(25)
Corporate & Other
10
4
(9)
236
Impaired
18
11
11
112
126
Performing
(8)
(7)
(20)
Total PCL
Impaired
Performing
147
78
75
(51)
(89)
236
112
126
(89)
(34)
(51)
Q1/21
PCL on Impaired
-PCL Rate on Impaired
(34)
Q4/21
Q1/22
PCL on Performing
Total PCL Rate
CIBC◇
1 Adjusted results are non-GAAP financial measures. See slide 37 for further details.
First Quarter, 2022
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