Q1 2020 Fixed Income Investor Presentation
...Through Investments in Top-Line Growth and Efficiency...
Adjusted Revenue (TEB)1,2
(C$ billions)
Adjusted Non-Interest Expenses¹
(C$ billions)
+5%
18.1
18.7
19.0
16.3
15.0
4.7
4.8
4.6
4.9
4.6
2016
2017
2018
2019
Q1 2020
LTM Q1
2020
2016
Q1
Q2
Q3
Q4
+4%
10.1
10.4
10.6
9.3
8.7
2.7
2.6
2.6
2.7
2.5
2017
2018
2019
Q1 2020
LTM Q1
2020
Q1 Q2 Q3 Q4
Adjusted Efficiency Ratio (TEB) 1,2
(%)
Adjusted Net Income¹
(C$ billions)
58.0
57.2
55.6
55.5
55.0
55.6
+6%
5.5
5.4
5.6
4.7
4.1
1.3
1.4
1.4
1.5
1.4
2016
2017
2018
2019
Q1 2020
LTM Q1
2020
2016
2017
2018
2019
Q1 2020
LTM Q1
2020
Q1
Q2 Q3
Q4
(1) Adjusted results are non-GAAP measures. See the non-GAAP section of CIBC's Q1 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 net interest income from both taxable and tax-exempt sources.
CIBC
CIBC Q1 2020 Fixed Income Investor Presentation
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