Canadian House Prices and Banking Performance
Notes on slides 20-28
Slide 20- Highlights - U.S. Commercial Banking & Wealth Management
Pre-provision, pre-tax earnings is revenue net of non-interest expenses and is a non-GAAP measure. See slide 40 for further details.
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Adjusted results are non-GAAP measures. See slide 40 for further details.
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Loan amounts are stated before any related allowances or purchase accounting adjustments.
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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.
Annual net flows include the impact of reinvested income and are calculated based on net sales as a percentage of assets under management.
Slide 21 - Highlights - Capital Markets
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Adjusted results are non-GAAP measures. See slide 40 for further details.
2. Revenue is reported on a taxable equivalent basis (TEB). TEB adjustment in Q1/23 was $62 million.
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Pre-provision, pre-tax earnings is revenue net of non-interest expenses and is a non-GAAP measure. See slide 40 for further details.
4. Loan amounts are before any related allowances or purchase accounting adjustments.
5. Loan and deposit growth is calculated using average balances. Average balances are calculated as a weighted average of daily closing balances
Slide 23-High-quality, client-driven balance sheet
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Securitized agency MBS are on balance sheet as per IFRS.
Derivatives related assets, are largely offset by derivatives related liabilities. Under IFRS derivative amounts with master netting agreements cannot be offset and the gross derivative assets and liabilities are reported
on balance sheet.
Includes obligations related to securities sold short, cash collateral on securities lent and obligations related to securities under repurchase agreements.
Capital includes subordinated liabilities
Slide 25 Wholesale funding geography
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Source: CIBC Q1-2023 Report to Shareholders.
"Unsecured" includes Obligation related to securities sold short, Cash collateral on securities lent and Obligations related to securities under repurchase agreements.
Percentages may not add up to 100% due to rounding.
Slide 26 CIBC funding composition
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Percentages may not add up to 100% due to rounding. Source: CIBC Q1-2023 Report to Shareholders.
Capital includes subordinated liabilities
Unsecured funding is comprised of wholesale bank deposits, certificates of deposit and commercial paper, bearer deposit notes and bankers' acceptances, senior unsecured EMTN and senior unsecured structured notes
Currency composition, in Canadian dollar equivalent, of funding sourced by CIBC in the wholesale market
Slide 28 - Mortgage Market Performance and Urbanization Rates
Source: UK Finance, CBA, MBA. *Mortgage arrears of 3+ months in Canada and UK or in foreclosure process in the US
Source: Canadian Banker's Association
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Source: 2014 Census for France, 2021 Census for Canada, 2011 Census for UK, Germany; 2020 Census for US
CIBC
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