Fourth Quarter 2022 Financial Highlights
Reconciliation
GAAP (reported) to non-GAAP (adjusted) results¹
$MM
Canadian
Personal
&
Business
Banking
Canadian
Commercial
Banking &
Wealth
Management
U.S.
Commercial
Banking &
U.S.
Commercial
Banking &
Wealth
Management
Wealth
Capital
Corporate
CIBC
Management
(C$)
Markets
& Other
Total
(US$)
Q4/22
Net income (loss)
471
469
161
378
(294)
1,185
116
Add: provision for (reversal of) credit losses
305
21
100
(1)
11
436
76
Add: income taxes
173
168
36
149
(242)
284
27
Pre-provision, pre-tax earnings (losses) 2
949
658
297
526
(525)
1,905
219
Pre-tax impact of items of note³
19
17
131
167
13
Adjusted pre-provision, pre-tax earnings (losses) 2
968
658
314
526
(394)
2,072
232
Q3/22
Net income (loss)
595
484
193
447
(53)
1,666
152
Add: provision for (reversal of) credit losses
200
10
35
(9)
7
243
28
Add: income taxes
213
174
42
168
(118)
479
32
Pre-provision, pre-tax earnings (losses)²
1,008
668
270
606
(164)
2,388
212
Pre-tax impact of items of note³
57
17
3
77
13
Adjusted pre-provision, pre-tax earnings (losses)²
1,065
668
287
606
(161)
2,465
225
Q4/21
Net income (loss)
597
442
256
378
(233)
1,440
204
Add: provision for (reversal of) credit losses
164
(5)
(51)
(34)
4
78
(40)
Add: income taxes
215
157
61
140
(162)
411
49
Pre-provision, pre-tax earnings (losses)²
976
594
266
484
(391)
1,929
213
Pre-tax impact of items of note³
12
16
152
180
13
Adjusted pre-provision, pre-tax earnings (losses)²
988
594
282
484
(239)
2,109
226
The quantitative reconciliations for these non-GAAP measures for the years ended October 31, 2022 and October 31, 2021 have been incorporated by reference and can be found in the Non-GAAP measures section on pages 14 to 20 of our 2022 Annual Report,
available on SEDAR at www.sedar.com.
1
2
This is a non-GAAP measure. See slide 43 for further details.
3
Reflects Items of Note under the 2022 Financial Results Review section of the 2022 Annual Report.
CIBC◇
Fourth Quarter, 2022
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