CIBC Investor Presentation
...Through Investments in Top-Line Growth and Improving Efficiency
Adjusted Revenue (TEB) 1,2,3 ($B)
Adjusted Non-Interest Expenses 1,3 ($B)
$18.1
$16.3
$15.0
2016
2017
2018
$18.7
$18.9
$10.1
$10.4
$9.3
$4.6
$8.7
$4.8
$4.6
$4.9
2019
2020
2016
2017
2018
Adjusted Efficiency Ratio (TEB) 1,2,3 (%)
58.0%
57.2%
55.6%
55.5%
55.8%
2016
2017
2018
2019
2020
$10.6
$2.6
$2.6
$2.6
$2.7
2019
2020
Adjusted Net Income 1,3 ($B)
$5.5
$5.4
$4.7
$4.1
$4.4
$1.3
$1.2
$0.4
$1.5
2016
2017
2018
2019
2020
CIBC
Q1 Q2 Q3 Q4
1 Adj. results are non-GAAP measures. See non-GAAP section of CIBC's 2020 Report to Shareholders. 2 TEB = Taxable Equivalent Basis - a non-GAAP financial measure representing the gross up of tax-exempt revenue
on certain securities to an equivalent before-tax basis to facilitate comparison of NII from both taxable and tax-exempt sources. 3 F20 results were affected by COVID-19 pandemic economic impacts.
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