Fourth Quarter, 2023 Financial Overview
Reconciliation
GAAP (reported) to non-GAAP (adjusted) results 1
$ millions, for the three months ended July 31, 2023
Operating results - reported
Total revenue
Provision for (reversal of) credit losses
Non-interest expenses
Income (loss) before income taxes
Income taxes
Net income (loss)
Net income attributable to non-controlling interests
Canadian
Personal and
Business
Banking
Banking
and Wealth
Management
Canadian
Commercial
U.S.
Commercial
Banking
and Wealth
Management
Capital
Markets and
Direct Financial
Services
Corporate
and Other
CIBC Total
U.S.
Commercial
Banking
and Wealth
Management
($US)
$
2,412 $
1,350 $
666 $
1,355 $
67 $
423
40
255
6
12
5,850
736
$
499
191
1,303
674
345
673
312
3,307
258
686
636
66
676
(257)
1,807
50
189
169
(7)
182
(156)
377
(5)
497
467
73
494
(101)
1,430
55
10
10
497
467
73
494
(111)
1,420
55
$
1.47
Net income (loss) attributable to equity shareholders
Diluted EPS ($)
Impact of items of note
Revenue
Commodity tax charge related to the retroactive impact of the 2023 Canadian Federal budget
Impact of items of note on revenue
$
34 $
34
Non-interest expenses
Amortization and impairment of acquisition-related intangible assets
Impact of items of note on non-interest expenses
Total pre-tax impact of items of note on net income
Income taxes
Amortization and impairment of acquisition-related intangible assets
Commodity tax charge related to the retroactive impact of the 2023 Canadian Federal budget
Impact of items of note on income taxes
Total after-tax impact of items of note on net income
Impact of items of note on diluted EPS ($)
Operating results - adjusted²
Total revenue - adjusted³
Provision for (reversal of) credit losses - adjusted
Non-interest expenses - adjusted
Income (loss) before income taxes - adjusted
Income taxes - adjusted
Net income (loss) - adjusted
Net income attributable to non-controlling interests - adjusted
Net income (loss) attributable to equity shareholders - adjusted
Adjusted diluted EPS ($)
Endnotes are included on slides 58 to 66.
CIBC◇
(7)
(13)
(7)
(13)
41
13
2
3
9
11
30
3
10
$
$
$
34
$
34
(3) $
(23)
$
(3)
(23)
(10)
(10)
3
57
10
LO
5
3
9
14
3
3
43
7
$
0.05
$
2,446 $
1,350 $
666 $
1,355 $
67 $
5,884
$
499
423
40
255
6
12
736
191
1,296
674
332
673
309
3,284
248
727
636
79
676
(254)
1,864
60
200
169
(4)
182
(156)
391
(2)
527
467
83
494
(98)
1,473
62
10
10
527
467
83
494
(108)
1,463
62
$
1.52
Fourth Quarter, 2023
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