Fourth Quarter, 2023 Financial Overview

Interest Rate Sensitivity Well-positioned for higher interest rates Net Interest Income Sensitivity to a +/- 100 bps change ($MM)1 Year 1 SBU Composition of Structural Interest Rate Sensitivity 1,2 1% 394 (415) Interest Rate Environment in Canada and the U.S.3 6.00 16% 5.00 4.00 Historic Implied 3.00 Actuals 20% Q4/23 51% Forwards 2.00 1.00 12% +100 bps Y100 bps Personal & Business Banking U.S. Commercial & Wealth Cdn. Commercial & Wealth Capital Markets Corporate & Other Oct-17 Apr-18 Oct-18 Apr-19 Oct-19- Apr-20- Oct-20 Apr-21 Oct-21 Oct-23. Apr-24- Oct-24 CAD 5-YR Swap Rate BoC Overnight Rate USD 5-YR Swap Rate Fed Funds Rate Year 1 benefit of approximately $394MM from an immediate and sustained 100 bps increase to our net interest income as at October 31, 2023, with approximately 60% driven by short-term rates • Year 2 benefit from rising rates (+100 bps) of approximately $700MM, driven primarily by long rates Year 1 impact of approximately $415MM from an immediate and sustained 100 bps decrease to our net interest income as at October 31, 2023, with approximately 60% from short-term rates Endnotes are included on slides 58 to 66. CIBC◇ Fourth Quarter, 2023 43

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