CIBC Investor Presentation
Financial Highlights: Capital Markets
Adjusted Net IncomeĀ¹, 2, 3 ($B)
Adjusted Pre-Provision Pre-Tax Earnings1,2 ($B)
$1.31
$1.67
$1.12
$0.99
$0.31
$0.44
$0.50
$0.18
$0.38
$0.49
2019
2020
2021
2019
Q1 Q2
Q3 Q4
51.9%
2019
Adjusted Efficiency Ratio 1, 2 (%)
47.6%
2020
45.0%
Q2 2021
$2.12
$0.48
$1.31
$0.66
$0.66
$0.48
$0.51
$0.65
2020
2021
Return on Equity 2 (%)
18.8%
17.5%
2019
2020
29.0%
Q2 2021
CIBC
BUILDING A LEADING NORTH AMERICAN CLIENT PLATFORM WITH GLOBAL CAPABILITIES
1 Adjusted results are non-GAAP measures. See non-GAAP section of CIBC's Q1/21 Report to Shareholders. 2019-2020 amounts have been restated since Q1/21.2 F20 results were affected by COVID-19 pandemic economic
impacts. 3 TEB = a non-GAAP financial measure representing gross up of tax-exempt revenue on certain securities to an equivalent before-tax basis to facilitate comparison of NII from both taxable and tax-exempt sources.
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