First Quarter, 2024 Earnings Report

Capital Markets & Direct Financial Services Core revenue growth supported by strong Investment Banking and trading activity Revenue growth of 5% YoY, or 2% on an adjusted basis¹ excluding the TEB gross-up: • • Corporate and Investment Banking up 14% YoY mainly from stronger advisory and debt underwriting activity Growth in Direct Financial Services (DFS), supported by higher revenues in Simplii Financial and Alternate Solutions Group Total trading revenues up 5% YoY driven by higher equities and FX trading, partly offset by lower interest rates and commodities Expenses up 10% driven by higher spending on strategic initiatives, and higher employee-related compensation Provision for Credit Losses: Total PCL ratio of 4 bps • Impaired PCL ratio of 4 bps Q1/24 | Key Highlights +180K Net New Client Growth [LTM]б in Simplii Financial Endnotes are included on slides 49 to 54. CIBC Reported Adjusted¹ ($MM) Revenue² Q1/24 YOY QoQ Q1/24 YOY QoQ 1,561 5% 21% 1,509 2% 17% Net Interest Income 358 (33)% (7)% 306 (43)% (20)% Non-Interest Income 1,203 27% 33% 1,203 27% 33% Expenses 712 10% (3)% 712 10% (3)% PPPT3 849 2% 53% 797 (4)% 43% Provision for Credit Losses 8 $18 $4 8 $18 $4 Net Income 612 0% 60% 575 (6)% 50% Loans (Average, $B)4,5 71 3% 0% 71 3% 0% Deposits (Average, $B)5 119 0% 2% 119 0% 2% +5% Total Revenue (excl. TEB) Growth Strong momentum throughout the quarter +14% U.S. Region Revenue Growth [YTD] Expanding our North American platform First Quarter, 2024 17

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