Fourth Quarter 2022 Financial Highlights
Allowance Coverage
Allowance coverage is well-positioned for the economic outlook
Total Allowance coverage ratio down YoY and up
QoQ
Increase QoQ is due to a higher allowance in both
performing and impaired portfolios
Current allowance coverage remains higher than the
pre-pandemic level
Total Allowance Coverage Ratio²
Total Allowance Coverage
Canadian Credit Cards
Q1/20
Q4/20
Q4/21
Q3/22
Q4/22
4.0%
6.2%
5.9%
4.9%
5.3%
Canadian Residential Mortgages
Canadian Personal Lending
Canadian Small Business
<0.1%
0.1% <0.1%
<0.1%
<0.1%
1.3%
1.9%
1.8%
1.9%
2.0%
2.3%
2.9%
2.2%
2.0%
3.1%
Canadian Commercial Banking
0.5%
0.9%
0.5%
0.4%
0.5%
U.S. Commercial Banking
0.5%
1.4%
0.9%
0.7%
0.8%
Capital Markets¹
0.4%
1.1%
0.5%
0.2%
0.2%
CIBC FirstCaribbean (FCIB)
Total
3.3%
5.1%
4.8%
4.1%
4.1%
0.51% 0.89% 0.64% 0.58%
0.62%
0.64%
0.62%
0.58%
2,970
Q4/21
Performing and Impaired Allowance Coverage Ratios
42%
38%
38%
0.47%
3,276
3,002
Q3/22
Q4/22
Allowance Coverage Ratio
Allowance for Credit Losses ($MM)
Capital Markets excludes allowance for credit losses related to Simplii Financial which is included in the respective Canadian retail products.
1
2
See notes 9-11 on slide 46.
CIBC◇
Fourth Quarter, 2022
0.46%
0.49%
Q4/21
Q3/22
2
-Impaired ACL to GIL
Q4/22
-Performing ACL to Performing Loans"
2
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