Capital Markets & Funding Strategies
...generated through investments in top-line growth and improving efficiency...
17.8
18.1
18.6
18.7
Revenue (TEB) 1.3 ($B)
Q1
20.0
20.2
18.7
18.9
5.1
5.1
0880
Non-Interest Expenses 1.3 ($B)
Q2
11.4
11.5
Q2
11.2
Q3
10.9
10.3
10.4
10.6
Q3
10.1
Q4
3.1
3.0
Q4
5.1
5.1
10.9
10.9
5.4
5.4
4.9
5.0
5.0 5.0
5.5
5.5
2018
2019
2020
2021
2022
2018
2019
Reported
Adjusted²
Efficiency Ratio (TEB) 1.3 (%)
60.6
57.5
58.3
57.6
57.9
55.6
55.5
55.8
55.4
55.8
5.5
5.3
5.4
5.1
2018
2019
2020
2021
Q2/22
Reported
Adjusted ²
CIBC
2020
Reported Adjusted
2.9
2.8
6.1 6.0
3.1 3.0
2.8 2.7
2.7 2.7
3.0 3.0
2021
2022
Net Income 1,3 ($B)
Q1
6.7
6.4
1.4
1.6
2839
Q2
Q3
Q4
4.4
3.8
1.7
1.8
3.4 3.5
1.7
1.7
1.5
1.7
1.6 1.6
1.9
1.9
2018
2019
2020
2021
2022
Reported
Adjusted
1 Adj. results are non-GAAP measures. See non-GAAP section of CIBC's Q2/22 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 Results were affected by COVID-19 pandemic economic impacts.
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