Q2 2019 Financial Results

Second Quarter, 2019 Highlights Pre-Provision Earnings growth of 4% YoY ROE of 15.9% NIM expansion in Personal & Small Business Banking Significant volume growth in Canadian and U.S. Commercial Banking Solid AUM growth in Wealth Management Continued steady performance in Capital Markets Adjusted¹ Q2/18 Q1/19 Q2/19 Earnings1 ($MM, except for EPS, Efficiency Ratio, ROE, and CET1 Ratio) Revenue 4,361 4,552 4,536 Non-Interest Expenses 2,467 2,501 2,570 Revenue Pre-Provision Earnings 1,894 2,051 1,966 Impaired 217 295 250 Performing (5) 43 5 Provision for Credit Losses 212 338 255 Net Income - Reported² 1,319 1,182 1,348 Net Income - Adjusted¹ 1,345 1,363 1,357 Diluted EPS - Reported Diluted EPS - Adjusted¹ $2.89 $2.60 $2.95 $2.95 $3.01 $2.97 Expenses Efficiency Ratio - Adjusted TEB¹ 55.9% 54.4% 56.1% ROE - Adjusted¹ 17.4% 16.0% 15.9% · CET1 Ratio 11.2% 11.2% 11.2% 1 Adjusted results are Non-GAAP financial measures. See slide 27 for further details. 2 Reported results are on slide 25. Focused investments to drive future growth Provision for Credit Losses (PCL) • Stable credit performance PCL for Impaired ratio of 26 bps, down 4 bps QoQ CIBC LO 5

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