Third Quarter 2023 Financial Results Overview

Capital Markets Double-digit revenue growth led by strong performance in Global Markets and DFS • Revenue growth of 13% YoY, driven in part by strong trading activity during the quarter • • Trading revenues up 16% YoY driven mainly by higher Interest Rate, Equities and Commodities trading Strong growth momentum in Direct Financial Services (DFS), supported primarily by higher deposit margins Expenses up 13% driven by investment in key growth initiatives, and higher performance-based compensation Provision for Credit Losses: • Total PCL ratio of 3 bps PCL ratio on impaired of 3 bps Reported & Adjusted¹ ($MM) Revenue² Q3/23 YOY QoQ 1,355 13% (1%) Non-Trading Net Interest Income 500 6% 5% Non-Trading Non-Interest Income 336 20% 6% Trading Revenue Expenses PPPT³ 519 16% (9%) 673 13% 1% 682 13% (2%) Provision for Credit Losses 6 $15 ($13) Net Income 494 11% (1%) Loans (Average, $B)4,5 71 11% 1% Deposits (Average, $B)5 117 19% (3%) Q3/23 | Key Highlights +165K Net New Client Growth [LTM]6 in Simplii Financial +13% U.S. Revenue Growth $112MM increase over YTD Q3/22 +26% DFS Revenue Growth Driven by Simplii Financial & ASG7 Endnotes are included on slides 46 to 51. CIBC◇ Third Quarter, 2023 17

View entire presentation