First Quarter, 2024 Earnings Report
Business Segment Trends
Canadian Banking: Personal & Commercial Banking1
Revenue ($MM) 3,4
3,121 3,121
3,131 3,131
3,289 3,323
757 791
3,332 3,332
784 784
3,363 3,363
804 804
782
782
783
783
Margins benefit from higher rates, moderating headwinds from deposit mix and mortgage pricing
Net Interest Margin on Average Interest-Earning Assets5
Mortgage Portfolio Spreads (bps)6
2.67%
2.67%
2.68%
2.67%
2.67%
2.68%
2.57%
2,339 2,339
2,348 2,348
2,532 2,532
2,548 2,548
2,559 2,559
2.52%
2.57%
2.47%
2.48%
2.51%
2.48%
2.39%
2.47%
Q1/23
Q2/23
Q3/23
■Net Interest Income Reported
■Net Interest Income - Adjusted²
Non-Interest Expenses ($MM) & Efficiency Ratio (%)
Q4/23
Q1/24
2.38%
Non-Interest Income Reported
■ Non-Interest Income - Adjusted 2
Q2/22
Q3/22
Q4/22
Q1/23
-Net Interest Margin - Reported
Q2/23
Q3/23
Q4/23
Q1/24
Q2/22
Q3/22
Q4/22
――Net Interest Margin - Adjusted²
-
Total Portfolio Spread
1,80
1,45/0
1,576
1,570
1,570
1,563
1,498803
1,552
1,450
1,545
1,552
1,545
1,541
1,540
1,535
49.8%
1,430
49.2%
49.5%
47.7%
1,490
49.0%
47.3%
47.1%
47.0%
1,410
Q1/23
Q2/23
Q3/23
Q4/23
Non-Interest Expenses - Reported
Efficiency Ratio - Reported
Non-Interest Expenses - Adjusted²
Efficiency Ratio - Adjusted²
Endnotes are included on slides 49 to 54.
CIBC
Average Loans & Deposits ($B)7,8
416
418
421
424
424
94
95
96
97
96
334
335
335
339
341
121
121
121
123
Q1/23
Q2/23
Q3/23
Q4/23
Q1/24
-
Gross Inflow Spread
Gross Outflow Spread
Asset & Client Deposit Mix⁹ (Spot Balances)
$325B
$331B
$330B
$334B
$342B
$341B
5%
6%
6%
13%
13%
13%
26%
24%
23%
122
31%
33%
34%
82%
81%
81%
43%
43%
43%
322
323
325
327
328
213
214
214
216
219
48.
Q1/23
Q4/23
Q1/24
Q1/23
46.1%
45.9%
હતો.
Q1/23
Q2/23
Q3/23
Q4/23
Q1/24
Residential Mortgages
Personal Lending
Q1/24
■ Personal Loans
O Business Loans
■Personal Deposits
Business Deposits
Credit Cards
First Quarter, 2024
Q4/23
Q1/24
Interest-Bearing Deposits - Notice/Demand
Interest-Bearing Deposits-Term
Non-Interest-Bearing Deposits
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