Investor Presentation Fourth Quarter 2020
Q4/20
YOY
QoQ
515
3%
0%
352
3%
(1%)
163
2%
3%
U.S. Commercial Banking & Wealth Management - strong pre-provision earnings¹ growth
Reported (C$MM)
Revenue
Net interest income
Non-interest income
•
Focus on expanding client relationships contributing to solid growth in net interest
income despite significant margin compression
Deposit balances up 33% YoY
.
Loan balances up 13% YoY
Non-Interest Expenses
270
(6%)
(0%)
•
NIM down 22 bps YoY and up 1 bp QoQ
Provision for Credit Losses
82
NM
Net Income
131
(27%)
(49%)
111%
•
•
Strong organic growth in AUM driving increase in non-interest income
Expenses down 4% YoY driven by strong expense management
Adjusted² (C$MM)
Revenue
Q4/20
YOY
QoQ
•
Operating leverage of 8.4%
515
4%
0%
•
Provision for Credit Losses:
Net interest income
352
5%
(1%)
•
Total PCL ratio of 77 bps
Non-interest income
Non-Interest Expenses
Pre-Provision Earnings¹
163
2%
3%
PCL ratio on impaired of 51 bps
253
(4%)
1%
262
13%
(1%)
Provision for Credit Losses
Net Income
82
NM
(49%)
144
(24%)
87%
Loans and Deposits - Average (US$B)
CIBC
299
276
2
277
2
29
31
28
31
29
22
Q4/19
Loans
Q3/20
3
PPP Loans
Deposits
Q4/20
NIM - adjusted (bps) 2
1 Pre-provision earnings is revenue net of non-interest expenses and is a non-GAAP measure. See slide 38 for further details.
2 Adjusted results are non-GAAP financial measures. See slide 38 for further details.
3 Loan amounts are stated before any related allowances or purchase accounting adjustments.
4 Assets under management (AUM) are included in assets under administration (AUA).
Wealth Management (US$B)
68
74
73
52
56
57
Q4/19
Q3/20
Q4/20
■ AUA⭑■AUM 4
Fourth Quarter, 2020
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