First Quarter 2022 Financial Results

Capital Markets - strength of diversified franchise reflected in top-line growth • Strong performance across our business • Increased trading activity in equities and foreign exchange Reported & Adjusted¹ ($MM) Q1/22 YOY QoQ Revenue² 1,304 11% 29% Net interest income Non-interest income Non-Interest Expenses 793 16% 15% • 511 4% 58% 596 14% 13% Pre-Provision, Pre-Tax Earnings³ 708 9% 46% Provision for (reversal of) Credit Losses (38) ($43) Net Income 543 10% (12%) 44% • Revenue ($MM)² 579 499 340 675 Q1/21 672 Q4/21 ■ Non-Trading ■ Trading 725 Higher Corporate Banking revenues driven by utilization and commitments Strong client activity in our Direct Financial Services businesses Expense growth of 14% driven by higher employee-related costs and investments in strategic initiatives to sustain growth Provision for Credit Losses reflect releases in impaired and performing provisions Direct Financial Services Revenue ($MM) 222 210 202 Q1/22 Q1/21 Q4/21 Q1/22 CIBC 1 Adjusted results are non-GAAP financial measures. See slide 37 for further details. 2 Revenue is reported on a taxable equivalent basis (TEB). 3 Pre-provision, pre-tax earnings is revenue net of non-interest expenses and is a non-GAAP measure. See slide 37 for further details. First Quarter, 2022 17

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