Q2 2023 Financial Results
Notes on slides 12-17
Slide 12 Solid returns underpinned by a commitment to balance sheet strength
1.
Capital ratios are calculated pursuant to the Office of the Superintendent of Financial Institution's (OSFI's) Capital Adequacy Requirements (CAR) Guideline, the leverage ratio is calculated pursuant to OSFI's
Leverage Requirements Guideline, and the LCR is calculated pursuant to OSFI's Liquidity Adequacy Requirements (LAR) Guideline, all of which are based on the Basel Committee on Banking Supervision (BCBS)
standards. For additional information, see the "Capital management" and "Liquidity risk" sections in the Q2/23 Report to Shareholders, available on SEDAR at www.sedar.com.
Slide 13 Asset yields and funding costs
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Certain additional disclosures for net interest margin on average interest-earning assets (NIM) have been incorporated by reference and can be found on pages 51-57 in the Q2/23 Report to Shareholders, available on
SEDAR at www.sedar.com.
The yield for loans and acceptances is calculated as interest income on loans as a percentage of average loans and acceptances, net of allowance for credit losses. The yield on securities is calculated as interest income
on securities as a percentage of average securities. Total yield on average interest-earning assets is calculated as interest income on assets as a percentage of average interest-earning assets. These metrics do not have
a standardized meaning and may not be comparable to similar measures disclosed by other financial institutions.
Other includes balances related to cash and deposits with banks, reverse repos, and other.
The yield for Personal-Notice/Demand deposits is calculated as interest expense on Personal-Notice/Demand deposits as a percentage of average Personal-Notice/Demand deposits. The yield for Corporate &
Commercial-Notice/Demand deposits is calculated as interest expense on Corporate & Commercial-Notice/Demand deposits as a percentage of average Corporate & Commercial-Notice/Demand deposits. The yield for
Term-Client deposits is calculated as interest expense on Term-Client deposits as a percentage of average Term-Client deposits. Term-Client deposits are term deposits less wholesale funding. Total cost on average
interest-earning assets is calculated as interest expense on liabilities as a percentage of average interest-earning assets. These metrics do not have a standardized meaning and may not be comparable to similar
measures disclosed by other financial institutions.
5. Other includes wholesale funding, sub-debt, repos and other liabilities.
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Deposit base represents client deposits excluding wholesale funding. Reflects spot balances as of 4/30/2023
Slide 14 - Prudent risk management
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All results are on a Reported basis and in Canadian dollars unless otherwise indicated.
Allowance for credit losses to gross carrying amount of loans. The gross carrying amount of loans include certain loans that are measured at fair value through profit or loss (FVTPL).
Provision for (reversal of) credit losses on impaired loans to average loans and acceptances, net of allowance for credit losses
Provision for (reversal of) credit losses to average loans and acceptances, net of allowance for credit losses.
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Slide 15 Lending portfolio has a strong risk profile
1. Incorporates security pledged; equivalent to S&P/Moody's rating of BBB/Baa2.
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LTV ratios for residential mortgages are calculated based on weighted average. See page 35 of the Q2/23 Report to Shareholders for further details.
GVA and GTA definitions based on regional mappings from Teranet.
Slide 17 Highlights - Canadian Personal & Business Banking
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231
567
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Pre-provision, pre-tax earnings is revenue net of non-interest expenses and is a non-GAAP measure. See slide 41 for further details.
Adjusted results are non-GAAP measures. See slide 41 for further details.
Loan amounts are stated before any related allowances.
Loan and deposit growth is calculated using average balances. Average balances are calculated as a weighted average of daily closing balances.
Includes net client acquisition from Personal and Business Banking over the last twelve months (LTM) - May/22 to April/23.
Net incremental funds managed from Personal clients, which include loans and acceptances, deposits, and AUA/investments over a twelve-month period from Apr/22 to Mar/23.
Reflects financial transactions only.
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