Third Quarter 2023 Financial Results Overview
CIBC Overview
Continued momentum in our core business performance
Strong execution against our strategic priorities...
Diluted EPS
Reported EPS $1.47
Adjusted EPS1,2 $1.52
YoY -17%-18%2
Revenue
$5.9B
Reported / Adjusted²
YoY +5% +6%2
+
РРРТ3
NIAT
Reported PPPT $2.5B
Adjusted PPPT2$2.6B
YoY +6% +5%2
Reported NIAT $1.4B
Adjusted NIAT2 $1.5B
YoY-14%-15%2
ROE4
Reported ROE 11.6%
Adjusted ROE 2,511.9%
YoY -3% -3%2
Robust Capital
Framework
CET16 ratio of 12.2%, up
30 bps QoQ, primarily
driven by solid capital
generation capabilities
Margin
Expansion
NIM7 (ex-trading) up 2 bps
QoQ, supported by strength
in the Canadian P&C
business [+10 bps QoQ]
Expense
Management
Contained expense growth
[+2% QoQ], as investments
are strategically focused
for the longer term
Credit
Quality
Prudent credit allowance
coverage - ACL ratio
remains above pre-
pandemic levels
Client Growth
& Acquisition⁹
Continued momentum in
new client growth - net new
clients grew +650K over the
last twelve months
Connectivity 10
across the Bank
Increasing connectivity drove
double-digit YoY growth in
cross-LOB referrals for our
U.S. franchise
Digital
Capabilities
Rapidly growing digital suite
anchors the number of
Personal Banking transactions
conducted digitally11 [94%]
Environmental
Sustainability
Named global leader in
investment banking and
sustainable infrastructure
finance by Global Finance 12
Endnotes are included on slides 46 to 51.
CIBC
Third Quarter, 2023View entire presentation