Capital Markets & Funding Strategies
Q2/22 Items of Note
Acquisition and integration-related costs as well as purchase
accounting adjustments and provision for credit losses for performing
loans associated with the acquisition of the Canadian Costco credit
card portfolio (2)
Increase in legal provisions
Amortization of acquisition-related intangible assets
Pre-Tax
After-Tax &
Effect
NCI Effect
($MM)
($MM)
EPS
Effect¹
($/Share)
Reporting Segments
106
77
0.09
Canadian Personal & Business Banking
45
45
333
0.04
Corporate & Other
24
19
0.02
Canadian Personal & Business Banking
U.S. Commercial Banking & Wealth Management
Corporate & Other
Adjustment to Net Income attributable to common shareholders
and EPS
175
129
0.15
CIBC
Not Applicable
1 All per common share amounts reflect the share split. 2 Acquisition and integration costs are comprised of incremental costs incurred as part of planning for and executing the integration of the Canadian Costco credit card
portfolio, including enabling franchising opportunities, the upgrade and conversion of systems and processes, project delivery and communication costs. Purchase accounting adjustments include the accretion of the acquisition
date fair value discount on the acquired Costco credit card receivables. Provision for credit losses for performing loans associated with the acquisition of the Canadian Costco credit card portfolio include the stage 1 expected credit
loss allowance established immediately after the acquisition date and the impact of the migration of stage 1 accounts to stage 2 during Q2/22.
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