Third Quarter 2023 Financial Results Overview
Canadian Personal & Commercial Banking 1
Margins benefit from higher rates, moderating headwinds from deposit mix and mortgage pricing
Adjusted NIM² Trajectory
Reported
Asset & Deposit Margin Contribution to Segment NIMS
(QoQ change, bps)
2.39%
2.38%
2.35%
2.36%
2.52%
2.67%
2.57%
2.51%
2.47%
2.48%
Q4/21
Q1/22
Q2/22
Q3/22
Q4/22
Q1/23
Q2/23
Q3/23
Client Deposit Mix³ (Spot Balances)
$305B
30%
$337B
$336B
26%
25%
18%
32%
33%
53%
42%
42%
Q4/21
Q1/22
Q2/22
Q3/22
Q4/22
Q1/23
Q2/23
Q3/23
-Asset
-Deposit
Mortgage Portfolio Spreads (bps)4
Q4/21
Q2/23
Interest-Bearing Deposits - Notice / Demand
Q3/23
Interest-Bearing Deposits - Term
Q4/21
Q1/22
Q2/22
Q3/22
Q4/22
Q1/23
Total Portfolio Spread
Gross Inflow Spread
Non-Interest-Bearing Deposits
Endnotes are included on slides 46 to 51.
CIBC
Third Quarter, 2023
Q3/23
Q2/23
Gross Outflow Spread
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