Q2 2019 Financial Results
Q2/18 Q1/19 Q2/19
274
321
136
147
4
(2)
414
466
235
252
Pre-Provision Earnings
179
214
Impaired
13
Performing
(2)
11
Provision for Credit Losses
11
16
Net Income
Reported²
138
168
Net Income - Adjusted¹
142
174
U.S. Commercial Banking and
Wealth Management
Strong results reflecting solid business performance and investments to support growth
Adjusted¹
($MM)
Wealth Management
Commercial Banking
Other
Revenue
Non-Interest Expenses
9
Strong results driven by client acquisition
and deepening relationships
Expenses reflect investments in the
business, including added headcount
• Solid organic deposit growth YoY; QoQ
impacted by seasonal factors
CIBC Bank USA
Loans (spot) grew US$3.2B, or 18%, YoY
Deposits (spot) up US$2.2B, or 13%, YoY
NIM of 3.66%, up 3 bps YoY and stable
QoQ
320
146
3
469
255
214
5
12
(1)
•
11
163
176
CIBC Bank USA Net Income - Adjusted¹
94
126
128
Loans and Deposits Spot (US$B)
Wealth Management
6
18
18
19
20
21
20
76
80
86
59
60
65
Q2/18
Q1/19
I Loans - CIBC Bank USA³ ■U.S. REF
3
Q2/19
■Deposits
Q2/18
Q1/19
Q2/19
3
4
■ AUA ($B)*
■ AUM ($B)*
CIBC
1 Adjusted results are Non-GAAP financial measures. See slide 27 for further details.
2 Reported results are on slide 25.
3 Loan balances exclude loans held for sale. Loan and deposit balances exclude the impact of purchase accounting.
4
Assets under management (AUM) are included in assets under administration (AUA).View entire presentation