Fourth Quarter 2022 Financial Highlights
Fiscal 2022
A successful year against our strategic and financial targets
Revenue growth of 9% and PPPT 1,2 of 7% - both in line with high-
single digit guidance and our medium-term targets
Negative Operating Leverage impacted by market revenue
deterioration and investments made this quarter to reposition our
Bank for 2023
Reported Return on Equity was 14.0% for the fiscal year
Adjusted Return on Equity2 of 14.7% despite market pressures
Reported ($MM)
Revenue
Net Income
Diluted EPS
Efficiency Ratio
ROE
FY22
YoY
21,833
9%
Net interest income
12,641
10%
Non-interest income
9,192
7%
Expenses
12,803
11%
Provision for Credit Losses
1,057
$899
6,243
(3%)
$6.68
(4%)
58.6%
100 bps
14.0%
(210) bps
CET1 Ratio
11.7%
(65) bps
Adjusted² ($MM)
FY22
YoY
Revenue
21,817
9%
Net interest income
12,625
10%
Non-interest income
9,192
7%
Expenses
12,429
11%
PPPT1
9,388
7%
Provision for Credit Losses
963
$805
Net Income
6,578
(2%)
Diluted EPS
$7.05
(2%)
Efficiency Ratio (TEB)
56.4%
100 bps
ROE
14.7%
(200) bps
1
2
Pre-provision, pre-tax earnings is revenue net of non-interest expenses and is a non-GAAP measure. See slide 43 for further details.
Adjusted results are non-GAAP measures. See slide 43 for further details.
CIBC◇
Fourth Quarter, 2022
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