Q2 2019 Financial Results

Provision for Credit Losses Reported Q2/18 Q1/19 Q2/19 ($MM) Canadian Personal & Small Business Banking 199 192 202 Canadian Commercial Banking & Wealth 1 48 25 U.S. Commercial Banking & Wealth 13 5 12 Provision for Credit Losses down QoQ Overall credit quality remains positive The outlook, combined with stage migration, resulted in a lower PCL this quarter Capital Markets 3 42 6 Corporate and Other 1 8 5 Provision for Impaired 217 295 250 Provision for Performing (5) 43 5 Provision for Credit Losses 212 338 255 Provision for Credit Losses - Adjusted¹ 212 338 255 Provision for Credit Losses Ratio Provision for Performing Loans 0.30% +5 0.26% 0.24% +14 -Forward looking information update 295 250 +15 -Other² 217 -Transferred from Q2/18 Q1/19 Q2/19 (24) performing to PCL on Impaired PCL Rate on Impaired impaired³ CIBC 1 Adjusted results are Non-GAAP financial measures. See slide 27 for further details. 2 Includes stage migration, portfolio movement, repayments, model updates, etc. 3 Excludes cards allowances that are transferred to impaired before they are immediately written-off. 13

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