Investor Presentation
...generated through investments in top-line growth and improving efficiency...
Revenue (TEB) 1,3 ($B)
Non-Interest Expenses 1,3 ($B)
17.8
18.1
18.6 18.7
20.0
20.2
18.7 18.9
Q1
11.4
10.9
11.5 11.2
Q1
10.3
Q2
10.1
10.4
10.6
Q2
5.1
5.1
3.1
3.0
Q3
Q3
Q4
Q4
5.1
5.1
2.9
2.8
4.9
5.0
5.0
5.0
5.5
5.5
Q1/22
2018
2019
2020
2021
Reported
Adjusted 2
Efficiency Ratio (TEB) 1,3 (%)
2.8 2.7
2.7 2.7
3.0
3.0
2018
2019
2020
2021
Q1/22
Reported Adjusted
60.6
57.5
58.3
57.6
55.6
55.5
55.8
55.4
55.0
53.8
5.5
5.3
5.4
5.1
2018
2019
2020
2021
Q1/22
Reported
Adjusted 2
CIBC
Net Income 1,3 ($B)
6.7
Q1
6.4
1.6
1.4
0800
Q2
Q3
Q4
4.4
3.8
1.7
1.8
1.7
1.7
1.6
1.6
1.9
1.9
2018
2019
2020
2021
Reported
Adjusted
1 Adj. results are non-GAAP measures. See non-GAAP section of CIBC's Q1/22 Report to Shareholders. 2 TEB = Taxable Equivalent Basis - a non-GAAP financial measure representing the gross up of tax-exempt
revenue on certain securities to an equivalent before-tax basis to facilitate comparison of NII from both taxable and tax-exempt sources. ³ Results were affected by COVID-19 pandemic economic impacts.
Q1/22
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