First Quarter, 2024 Earnings Report

U.S. Region: Commercial Banking & Wealth Management Franchise is well-positioned for growth when demand returns Loans stable YoY and down 2% sequentially, in-line with industry trends Non-interest income down 6% YoY, primarily driven by a higher annual performance-related fee in the prior year Reported expenses up 26% YoY including US$67MM related to the one-time FDIC special assessment for Bank USA • Adjusted expenses¹ up 4% YoY driven by continued strategic investments in the business and infrastructure Provision for Credit Losses Net interest income down 3% YoY mainly driven by lower deposit volumes and mix shift to higher cost products • Deposits down 2% YoY, up 6% sequentially (US$MM) Revenue Reported Adjusted¹ Q1/24 YOY QoQ Q1/24 YOY QoQ 507 (4)% 3% 507 (4)% 3% Net Interest Income 346 (3)% (1)% 346 (3)% (1)% Non-Interest Income 161 (6)% 12% 161 (6)% 12% Expenses 356 26% 25% 283 4% 2% PPPT² 151 (38)% (27)% 224 (12)% 5% Provision for Credit Losses 182 $109 $(1) 182 $109 $(1) Net Income (7) (105)% (120)% 48 (70)% 23% Loans (Average, $B)³,4 40 0% (2)% 40 0% (2)% Deposits (Average, $B)4 36 (2)% 6% 36 (2)% 6% • Total PCL ratio of 186 bps Net Interest Margin (bps) 349 (5) 5 349 (5) 5 Impaired PCL ratio of 144 bps, primarily due to impairments in the CRE Office portfolio AUA5 ($B) 101 7% 8% 101 7% 8% AUM5 ($B) 78 8% 11% 78 8% 11% Q1/24 | Key Highlights +6% Deposit Growth on a sequential basis across our diversified products Endnotes are included on slides 49 to 54. CIBC $1.2B Net Flows from New Clients6 during the first quarter +10% Cross-LOB Referrals? Continued double-digit YoY growth First Quarter, 2024 16

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