First Quarter, 2024 Earnings Report

Canadian Mortgages Renewal Profile Impacts of payment increases at renewal expected to be manageable • • • Using an illustrative 6% rate at time of renewal, and no borrower income growth since origination, mortgage payment increases are forecasted to be less than 4.1% of clients' income Low LTV of renewal mortgages ranging from 42% to 61% over the next 5 years Proactive outreach included a number of initiatives throughout the year to help our clients through the rising interest rate environment 90 Current Balances by Renewal Year¹ ($B) Assumes interest rates stay constant at 6% and income at origination does not increase; for illustrative purposes 69 29 Variable Rate Fixed Rate 13 55 ah. 33 34 5 61 56 28 15 21 11 Average Customer Profile by Renewal Year FY24 FY25 FY26 FY27 FY28+ Original qualification rate 4.9% 5.0% 5.2% 5.4% 6.3% Current LTV 42% 46% 52% 61% 60% Monthly payment increase $344 $446 $527 $563 $140 % of monthly payment increase 21% 25% 27% 24% 8% Payment increase as % of total income 3.0% 3.6% 3.9% 4.1% 1.1% at origination Endnotes are included on slides 49 to 54. CIBC First Quarter, 2024 42

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