Fourth Quarter, 2023 Financial Overview
Reconciliation
GAAP (reported) to non-GAAP (adjusted) results 1
Canadian
Personal and
Canadian
Commercial
Banking
U.S.
Commercial
Banking
Capital
Markets and
Business
$ millions, for the three months ended
2023
Banking
and Wealth
Management
and Wealth Direct Financial
Management
Corporate
U.S.
Commercial
Banking
and Wealth
Management
Services
and Other
CIBC Total
($US)
Net income (loss)
$
635 $
490 $
50 $
383
$
Oct. 31
Add: provision for (reversal of) credit losses
282
11
249
4
(75) $
(5)
1,483
$
35
541
183
Add: income taxes
231
186
(14)
169
(192)
380
(10)
Pre-provision (reversal), pre-tax earnings (losses) 1
1,148
687
285
556
(272)
2,404
208
Pre-tax impact of items of note²
6
9
30
45
6
Adjusted pre-provision (reversal), pre-tax earnings (losses) ³
$
1,154
$
687 $
294
$
556
$
(242) $
2,449
$
214
2023
Net income (loss)
$
497 $
467 $
73 $
494
$
(101) $
1,430
$
55
Jul. 31
Add: provision for (reversal of) credit losses
423
40
255
6
12
736
191
Add: income taxes
189
169
(7)
182
(156)
377
Pre-provision (reversal), pre-tax earnings (losses)¹
1,109
676
321
682
(245)
2,543
(5)
241
Pre-tax impact of items of note²
41
13
3
57
10
Adjusted pre-provision (reversal), pre-tax earnings (losses) ³
$
1,150 $
676 $
334
$
682
$
(242) $
2,600
$
251
2022
Oct. 31
Net income (loss)
$
471 $
469 $
161
$
378 $
(294) $
1,185
$
116
Add: provision for (reversal of) credit losses
305
21
100
(1)
11
436
16
76
Add: income taxes
173
168
36
149
(242)
284
27
Pre-provision (reversal), pre-tax earnings (losses)
949
658
297
526
(525)
1,905
219
Pre-tax impact of items of note²
19
17
131
167
13
Adjusted pre-provision (reversal), pre-tax earnings (losses) ³
$
968
$
658
$
314 $
526
$
(394) $
2,072
$
232
Endnotes are included on slides 58 to 66.
CIBC
Fourth Quarter, 2023
57View entire presentation