Fourth Quarter 2022 Financial Highlights
Financial Results Overview
Fourth quarter impacted by economic uncertainties and prudent reserve build
Earnings Per Share
Return on Equity
Revenue
Operating Leverage¹
$1.26
Reported
Adjusted²
10.1%
Reported
$5.4B
+6% YOY
(4.7)%
Reported
Reported & Adjusted²
$1.39
Adjusted²
11.2%
Adjusted 2,3
(5.8)%
PPPT4
PCL Ratio5
CET1 Ratio6
Liquidity Coverage Ratio?
$1.9B
Reported
33 bps
Total
Adjusted²
$2.1B
Impaired
16 bps
11.7%
-65 bps YoY
vs. OSFI requirement
of 10.5%
129%
+2% YoY
vs. OSFI requirement
of >100%
Certain additional disclosures for these specified financial measures have been incorporated by reference and can be found on page 103 in the 2022 Annual Report, available on SEDAR at www.sedar.com.
Adjusted results are non-GAAP measures. See slides 43-45 for further details.
Pre-provision, pre-tax earnings (PPPT) is revenue net of non-interest expenses and is a non-GAAP measure. See slide 43 for further details.
1
2
3
See note 3 on slide 46.
4
5
See notes 5 and 6 on slide 46.
6
OSFI requirement of 10.5% includes Pillar 1 minimum and Domestic Stability Buffer.
7
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 2022 Annual Report, available on SEDAR at www.sedar.com.
CIBC
Fourth Quarter, 2022
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