Investor Presentation Fourth Quarter 2020
Canadian Commercial & Wealth - stable performance in the current environment
Reported ($MM)
Revenue
Q4/20
1,028
YOY
QoQ
0%
1%
Net interest income
294
(3%)
(8%)
Non-interest income
734
2%
6%
Non-Interest Expenses
540
2%
4%
Provision for Credit Losses
25
(69%)
(56%)
Net Income
340
11%
6%
Adjusted¹ ($MM)
Revenue
Net interest income
Non-interest income
Non-Interest Expenses
Pre-Provision Earnings²
Provision for Credit Losses
Net Income
QoQ
1%
(8%)
Results reflect pressure on margins and slowing loan growth in Commercial
Banking
•
Commercial loan balances up 1% YoY
Commercial deposit balances up 23% YoY
NIM up 4 bps YoY and down 2 bps QoQ
Non-interest income up 2% YoY
•
•
AUM up 4% YoY
Higher fees in Commercial Banking
Provision for Credit Losses:
Q4/20
YOY
1,028
0%
294
(3%)
•
Total PCL ratio of 16 bps
734
2%
6%
539
2%
4%
PCL ratio on impaired of 13 bps
489
(2%)
(1%)
25
(69%)
(56%)
341
11%
7%
Commercial Banking Loans and Deposits ($B)
308
314
312
65
58
67
65
66
71
Q4/19
Loans & Acceptances
Q3/20
Deposits
Q4/20
Net Interest Margin - segment (bps)
CIBC
1 Adjusted results are non-GAAP financial measures. See slide 38 for further details.
2 Pre-provision earnings is revenue net of non-interest expenses and is a non-GAAP measure. See slide 38 for further details.
3 Comprises loans and acceptances and notional amount of letters of credit.
4 Assets under management (AUM) are included in assets under administration (AUA).
Wealth Management ($B)
289
291
288
182
191
189
Q4/19
Q3/20
Q4/20
■ AUA 4
■AUM 4
Fourth Quarter, 2020
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