Fourth Quarter, 2023 Financial Overview
Reconciliation
GAAP (reported) to non-GAAP (adjusted) results 1
$ millions, for the three months ended October 31, 2022
Operating results - reported
Total revenue
Provision for (reversal of) credit losses
Non-interest expenses
Income (loss) before income taxes
Income taxes
Net income (loss)
Net income attributable to non-controlling interests
Canadian
Personal and
Business Banking
Canadian
Commercial
Banking
and Wealth
Management
U.S.
Commercial
Banking
and Wealth
Management
Capital
Markets and
Direct Financial
Services
Corporate
and Other
CIBC Total
U.S.
Commercial
Banking
and Wealth
Management
($US)
$
2,262 $
305
1,316 $
653 $
1,182 $
(25) $
21
100
(1)
11
5,388
436
$
483
76
1,313
658
356
656
500
3,483
264
644
637
197
527
(536)
1,469
143
173
168
36
149
(242)
284
27
471
469
161
378
(294)
1,185
116
7
7
471
469
161
378
(301)
1,178
116
$
1.26
Net income (loss) attributable to equity shareholders
Diluted EPS ($)
Impact of items of note¹
Revenue
Acquisition and integration-related costs as well as purchase accounting adjustments²
Impact of items of note on revenue
$
(6) $
$
(6)
Non-interest expenses
Amortization and impairment of acquisition-related intangible assets
(7)
Acquisition and integration-related costs as well as purchase accounting adjustments²
(18)
Charge related to the consolidation of our real estate portfolio
Increase in legal provisions
Impact of items of note on non-interest expenses
(17)
(25)
(17)
19
17
FF
$
$
(6)
$
(6)
(3)
(27)
(13)
(18)
(37)
(37)
(91)
(91)
(131)
(173)
(13)
131
167
13
Total pre-tax impact of items of note on net income
Income taxes
Amortization and impairment of acquisition-related intangible assets
1
5
6
4
Acquisition and integration-related costs as well as purchase accounting adjustments²
4
4
Charge related to the consolidation of our real estate portfolio
5
14
5
12
°**。
10
10
24
24
34
44
4
97
123
9
$
0.13
Increase in legal provisions
Impact of items of note on income taxes
Total after-tax impact of items of note on net income
Impact of items of note on diluted EPS ($)
Operating results - adjusted³
Total revenue - adjusted*
Provision for (reversal of) credit losses - adjusted
Non-interest expenses - adjusted
Income (loss) before income taxes - adjusted
Income taxes - adjusted
Net income (loss) - adjusted
Net income attributable to non-controlling interests - adjusted
Net income (loss) attributable to equity shareholders - adjusted
Adjusted diluted EPS ($)
Endnotes are included on slides 58 to 66.
CIBC◇
$
2,256 $
305
1,316 $
653 $
1,182 $
(25) $
5,382
$
483
21
100
(1)
11
436
1,288
658
339
656
369
3,310
251
663
637
214
527
(405)
1,636
178
168
41
149
(208)
328
485
469
173
378
(197)
1,308
7
7
485
469
173
378
(204)
1,301
བྷུ་ྒུཆཙཾ, ཙྩ
76
156
31
125
$
1.39
Fourth Quarter, 2023
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