Third Quarter 2023 Financial Results Overview
Endnotes
Third quarter 2023
23456
Slide 4 CIBC Overview
1 See note 1 on slide 53.
Adjusted results are non-GAAP measures. See slide 52 for further details.
Pre-provision, pre-tax earnings (PPPT) is revenue net of non-interest expenses and is a non-GAAP measure. See slide 52 for further details.
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.
See note 2 on slide 53.
Our capital ratios are calculated pursuant to OSFI's Capital Adequacy Requirements (CAR) Guideline, which is based on BCBS standards. For additional information, see the "Capital management" section in
the Q3/23 Report to Shareholders, available on SEDAR+ at www.sedarplus.ca.
Includes net client acquisition from Personal and Business Banking and Simplii Financial over the last twelve months (LTM) - Aug/22 to Jul/23.
7
See note 3 on slide 53.
8 See note 13 on slide 54.
9
172
10
11
Metric refers to referrals made across lines of business (LOB) within the US Commercial and Wealth Management segment.
Represents financial transactions only from Canadian Personal Banking.
Represents CIBC's recognition as the Best Investment Bank in Canada and for Outstanding Leadership in Sustainable Infrastructure Finance at the Global Finance World's Best Investment Bank and
Sustainable Finance Awards for 2023.
Slide 5 - Executing Against Our Strategic Priorities
1
2
3
4
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.
Strategic Commercial clients are defined as client relationships with deposit or loan balances in excess of $1MM or greater than $10K of annual revenue.
Digital Adoption (Penetration) Rate represents the percentage share of Digital Registered Customers who have been engaged on CIBC Online Banking and/or CIBC Mobile Banking at least once in the last 90
calendar days out of all Canadian Personal Banking customers engaged across any channel.
Includes net client acquisition from Simplii Financial over the last twelve months (LTM) - Aug/22 to Jul/23.
Slide 7 Financial Results Overview
1 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.
Adjusted results are non-GAAP measures. See slide 52 for further details.
234567
See note 4 on slide 53.
Pre-provision, pre-tax earnings (PPPT) is revenue net of non-interest expenses and is a non-GAAP measure. See slide 52 for further details.
See notes 9 and 10 on slide 53.
OSFI requirement of 11% includes Pillar 1 minimum and Domestic Stability Buffer.
LCR is calculated pursuant to OSFI's Liquidity Adequacy Requirements (LAR) Guideline, which is based on BCBS standards. For additional information, see the "Liquidity risk" section in the Q3/23 Report to
Shareholders, available on SEDAR+ at www.sedarplus.ca.
Slide 8 Financial Results Overview
1
Adjusted results are non-GAAP measures. See slide 52 for further details.
2
3
24567
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. We adjust our net interest income to remove the impact of trading activities to calculate the non-
trading net interest income - see note 7 on page 53. Refer to Note 11 on page 53 for additional details on "Trading Revenues".
Adjusted results are non-GAAP measures. See slide 52 for further details. For further details on the composition of the measure, see notes 5 and 6 on slide 53.
See note 11 on slide 53.
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.
Pre-provision, pre-tax earnings is revenue net of non-interest expenses and is a non-GAAP measure. See slide 52 for further details.
See note 12 on slide 54.
CIBCâ—‡
Third Quarter, 2023
46View entire presentation