Third Quarter 2023 Financial Results Overview
Endnotes
Third quarter 2023
Slide 14 - Canadian Banking: Personal & Business Banking
345678
1
Adjusted results are non-GAAP measures. See slide 52 for further details.
2
9
Adjusted results are non-GAAP measures. See slide 52 for further details. For Q3/22, adjusted net interest income excludes $6MM for the accretion of the acquisition date fair value discount on the
acquired Costco credit card receivables, treated as an item of note, from reported net interest income in that period.
Adjusted results are non-GAAP measures. See slide 52 for further details. For further details on the composition of the measure, see note 5 on slide 53 and slide 45 for a reconciliation.
Adjusted pre-provision, pre-tax earnings is revenue net of non-interest expenses before any related allowances.
Loan amounts are stated before any related allowance.
Loan and deposit growth is calculated using average balances. Average balances are calculated as a weighted average of daily closing balances.
Includes net client acquisition from Personal and Business Banking over the last twelve months (LTM) - Aug/22 to Jul/23.
Funds managed from Imperial Service include loans and acceptances, deposits, and client investments. Loans are gross (do not include allowance for credit losses). We believe that funds managed
provides the reader with a better understanding of how management assesses the size of our total client relationships.
Reflects financial transactions only.
Slide 15 Canadian Banking: Commercial Banking & Wealth Management
1234567
8
1234
Adjusted results are non-GAAP measures. See slide 52 for further details.
Pre-provision, pre-tax earnings is revenue net of non-interest expenses and is a non-GAAP measure. See slide 52 for further details.
Comprises loans and acceptances and notional amount of letters of credit. Loan amounts are stated before any related allowances.
Assets under management (AUM) are included in assets under administration (AUA).
For additional information on the composition, see the "Glossary" section on pages 51-57 in the Q3/23 Report to Shareholders, available on SEDAR+ at www.sedarplus.ca.
Commercial Banking only. Loan and deposit growth is calculated using average balances. Average balances are calculated as a weighted average of daily closing balances.
Annual net flows are calculated based on net investment sales from Private Wealth Management and include the impact of reinvested income. The YTD balance is adjusted for the number of days to
determine the annualized number.
A referral is defined as a single opportunity received by one line of business, from another line of business. The opportunity could be for an existing client of the referring party, or a new client to the Bank.
The YTD balance is adjusted for the number of days to determine the annualized number.
Slide 16-U.S. Region: Commercial Banking & Wealth Management
569
7
1234567
Adjusted results are non-GAAP measures. See slide 52 for further details.
Pre-provision, pre-tax earnings is revenue net of non-interest expenses and is a non-GAAP measure. See slide 52 for further details.
Loan amounts are stated before any related allowances or purchase accounting adjustments.
Assets under management (AUM) are included in assets under administration (AUA). Includes certain Canadian Commercial Banking and Wealth Management assets that U.S. Commercial Banking and
Wealth Management provides sub-advisory services for.
Loan and deposit growth is calculated using average balances. Average balances are calculated as a weighted average of daily closing balances.
Metric refers to referrals made across lines of business (LOB) within the US Commercial and Wealth Management segment.
Net flows from new clients refers to any inflows (excluding reinvested dividends) related to a client within a 12-month period of client inception.
Slide 17 Capital Markets
-
Adjusted results are non-GAAP measures. See slide 52 for further details.
Revenue is reported on a taxable equivalent basis (TEB). TEB adjustment in Q3/23 was $66 million.
Pre-provision, pre-tax earnings is revenue net of non-interest expenses and is a non-GAAP measure. See slide 52 for further details.
Loan amounts are before any related allowances or purchase accounting adjustments.
Loan and deposit growth is calculated using average balances. Average balances are calculated as a weighted average of daily closing balances.
Includes net client acquisition from Simplii Financial over the last twelve months (LTM) - Aug/22 to Jul/23.
ASG refers to the Alternate Solutions Group within the Direct Financial Services business line.
CIBC
Third Quarter, 2023
48View entire presentation