Fourth Quarter, 2023 Financial Overview

Canadian Consumer Lending Net write-offs and delinquencies trending in line with our expectations Net Write-offs: Overall consumer net write-offs increased slightly QoQ from Unsecured Personal Lending due to sustained high interest rates and rising unemployment rates YoY increases in credit cards and personal lending were driven by clients' behavior normalization and increasing unemployment rates Cards remained favourable to pre-pandemic levels due to favourable insolvencies performance and the acquired Costco portfolio credit quality 90+ Days Delinquencies: Consumer 90+ delinquency ratio was up QoQ (4bps) and YoY (7bps) Mortgage delinquencies were slowly increasing due to vintage seasoning but remain lower than pre-pandemic levels Cards QoQ increase was due to seasonality, with performance remaining favorable YoY and compared to pre-pandemic Net Write-off Ratio¹ Reported Net Write-Offs Total Q1/20 Canadian Residential Mortgages Canadian Credit Cards Canadian Personal Lending Q4/22 Q3/23 Q4/23 0.01% <0.01% <0.01% <0.01% 3.16% 2.20% 2.69% 2.64% 0.77% 0.51% 0.80% 0.96% Unsecured Secured 1.80% 1.02% 1.54% 1.86% 0.02% 0.02% 0.03% 0.02% 0.28% 0.18% 0.25% 0.27% 90+ Days Delinquency Rates¹ Canadian Residential Mortgages Q1/20 Q4/22 Q3/23 Q4/23 0.30% 0.13% 0.17% 0.21% Canadian Credit Cards Canadian Personal Lending 0.82% 0.74% 0.58% 0.66% 0.37% 0.37% 0.45% 0.48% Unsecured 0.47% 0.47% 0.53% 0.58% Secured 0.32% 0.26% 0.33% 0.34% 0.34% 0.20% 0.23% 0.27% Total Balances ($B; principal) 319 325 324 17 18 18 40 41 41 0.27% 53 49 47 0.25% 0.18% 142 209 216 219 207 225 Q4/22 Q3/23 Q4/23 Net Write-offs ($MM) 1 Net Write-off Ratio Endnotes are included on slides 58 to 66. CIBC◇ Q4/22 Q3/23 Q4/23 ■ Uninsured Mortgages Insured Mortgages Personal Lending Cards Fourth Quarter, 2023 27

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