Strategic Priorities & Financial Overview
Making progress against our Through the Cycle Financial Objectives
Through the
Cycle
Financial
Objectives 1,2
Diluted Earnings Per Share Growth 7%-10%
Return on Equity • 16%+
Operating Leverage • Positive
Dividend Payout Ratio 40%-50%
•
Diluted Earnings Per Share Growth
Reported: (22.8)% | 3YR CAGR³: 7.9% | 5YR CAGR³: (2.4)%
Adjusted 45: (4.7)% | 3YR CAGR³: 11.5% | 5YR CAGR³: 1.9%
• Operating Leverage
Reported: (5.2)% | 3YR Average: (0.6)% | 5YR Average: (1.5)%
Adjusted 47: 1.2% | 3YR Average: 0.0% | 5YR Average: (0.1)%
•
Return on Equity
Reported: 10.3% | 3YR Average: 13.5% | 5YR Average: 13.0%
Adjusted 46: 13.3% | 3YR Average: 14.9% | 5YR Average: 14.4%
Dividend Payout Ratio
Reported: 66.6% | 3YR Average: 52.4% | 5YR Average: 55.6%
Adjusted 48: 51.2% | 3YR Average: 45.9% | 5YR Average: 48.9%
CIBC◇
For footnoted information refer to slide 34.
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