First Quarter, 2024 Earnings Report

Canadian Banking: Commercial Banking & Wealth Management Core business strength driven by relationship-based client franchise and strong markets amidst a challenging macro environment Net interest income down 3% YoY and 1% sequentially • Modest growth in commercial banking loans and deposits offset by margin pressure Non-interest income up 4% YoY • Higher fee-based and transactional revenues Strong increase in AUA and AUM (+6% YoY and +9% QoQ), in-line with broader equity markets Expenses up 1% YoY driven by higher performance-based compensation, but down 1% on a sequential basis Provision for Credit Losses: Total PCL ratio of 9 bps Impaired PCL ratio of 7 bps Reported & Adjusted¹ ($MM) Revenue Net Interest Income Q1/24 YOY QoQ 1,374 2% 1% 449 (3)% (1)% Non-Interest Income Expenses PPPT² 925 4% 1% 669 1% (1)% 705 3% 3% Provision for Credit Losses Net Income 20 $(26) $9 498 6% 2% Commercial Banking - Loans (Average, $B) 3,4 93 3% 0% Commercial Banking - Deposits (Average, $B)4 92 2% 0% Net Interest Margin (bps) 331 (18) (6) Assets Under Administration 5,6 (AUA, $B) Assets Under Management 5,6 (AUM, $B) 362 6% 9% 233 6% 9% Q1/24 | Key Highlights 7 bps Impaired PCL Ratio Strength in credit performance 4.8% Annualized Net Flows / AUA7 from Private Wealth Management $3.2B Annual Referral Volume Continued stability in volumes Endnotes are included on slides 49 to 54. CIBC First Quarter, 2024 15

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