Fourth Quarter 2022 Financial Highlights
Net Interest Income (NII)
Continued balance sheet growth across business lines anchors net interest income
Net Interest Margin on Average Interest-Earning Assets (NIM)1
Deposit Mix³
1.63%
1.64%
1.68%
1.62%
1.58%
1.60%
1.61%
1.61%
1.61%
1.51%
21%
3,236
3,185
3,132
3,088
141
53
2,980
250
220
195
3,095
3,132
2,785
2,882
2,868
Q4/21
Q1/22
Q2/22
Q3/22
Q4/22
Non-Trading NII ($MM)
Trading NII ($MM)2
NIM
-NIM (ex. Trading)
Average Loans 4,5 ($B, local currency)
Q4/21
$456B
54%
27%
25%
Interest-Bearing
Deposits - Indeterminate
Q4/22
$507B
50%
23%
Interest-Bearing
Deposits - Term
Non-Interest-
Bearing Deposits
Average Deposits4 ($B, local currency)
64
68
+31% YoY
+5% QoQ
113
52
38
39
99
+17% YoY
+2% QoQ
+26% YoY
+14% QoQ
90
33
90
92
77
+19% YoY
35
36
+3% QoQ
+6% YoY
+2% QoQ
34
93
96
+10% YoY
+8% YoY
+3% QoQ
+2% QoQ
88
+10% YoY
+3% QoQ
283
307
312
192
206
212
Q4/21
■Personal & Business Banking
■U.S. Commercial & Wealth
Q3/22
Q4/22
■Cdn. Commercial & Wealth
■Capital Markets
Q4/21
Q3/22
■Personal & Business Banking
U.S. Commercial & Wealth
Q4/22
■Cdn. Commercial & Wealth
■Capital Markets
Certain additional disclosures for net interest margin on average interest-earning assets (NIM) have been incorporated by reference and can be found on page 102 in the 2022 Annual Report, available on SEDAR at www.sedar.com.
See note 7 on slide 46.
Deposit base used to determine mix allocation represents client deposits excluding wholesale funding.
1
2
3
4
Average balances are calculated as a weighted average of daily closing balances.
5
Average loans and acceptances, before any related allowances.
CIBC◇
Fourth Quarter, 2022
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