Q2 2023 Financial Results
Highlights - Canadian Commercial Banking & Wealth Management
Reported & Adjusted¹ ($MM)
Revenue
Net Interest Income
Q2/23
YOY
QoQ
Strategic priorities accelerating growth
1,336
3%
(1%)
453
13%
(2%)
Non-Interest Income
883
(2%)
(0%)
☐
Investing in our platforms to maintain commercial banking
momentum & capitalize on wealth management opportunities
Expenses
673
3%
1%
PPPT²
663
2%
(3%)
Provision for Credit Losses
46
$50
$0
Net Income
452
(6%)
(4%)
Increasing connectivity to attract and deepen high-
value relationships
Commercial Banking - Loans (Average, $B) 3,6
92
10%
2%
Commercial Banking - Deposits (Average, $B)6
90
8%
0%
Net Interest Margin (bps)
349
13
0
J
Focusing on future differentiators and faster growing sectors
Assets Under Administration 4,5 (AUA, $B)
347
2%
2%
Assets Under Management 4,5 (AUM, $B)
224
2%
2%
Q2/23 | Key Highlights
10% / 8%
Loan & Deposit Growth 3,6
Continued growth momentum
5.3%
Annualized Net Flows7 / AUA
from Private Wealth Management
$2.5B
Annualized Referral Volume8
Continued stability in volumes
CIBC◇
For footnoted information refer to slide 39.
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