Fourth Quarter, 2023 Financial Overview

Provision for Credit Losses (PCL) Total PCLs trended lower in Q4/23 driven by lower performing provision Provision for Credit Losses up YoY and down QoQ Impaired provisions remained flat in Q4/23, largely due to higher impairments in the U.S. commercial and Canadian retail portfolios, offset by lower impairments in the Canadian commercial portfolio and CIBC FirstCaribbean Performing provision in Q4/23 largely driven by U.S. commercial portfolio reflective of an allowance increase for the office sector, and Canadian retail portfolio reflective of unfavourable credit migration Provision for Credit Losses Ratio¹ ($MM) Cdn. Personal & Business Banking Impaired Performing Q4/22 Q3/23 Q4/23 305 423 282 158 244 259 147 179 23 Cdn. Commercial Banking & Wealth 21 40 11 Impaired Performing 14 38 11 7 2 U.S. Commercial Banking & Wealth Impaired 100 255 249 34 174 205 Performing 66 81 44 Capital Markets (1) 6 4 0.54% 0.40% Impaired (5) 5 6 0.33% Performing 4 1 0.35% 0.35% Corporate & Other 11 12 Impaired 18 17 (3) 0.16% Performing (7) (5) (2) 258 63 Total PCL Impaired Performing 436 736 541 219 478 478 217 258 63 217 478 478 219 Q4/22 Q3/23 PCL on Impaired -Impaired PCL Ratio¹ Endnotes are included on slides 58 to 66. CIBC Q4/23 PCL on Performing Total PCL Ratio 1 Fourth Quarter, 2023 45

View entire presentation