Fourth Quarter, 2023 Financial 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 Contribution to Segment NIMS
(QoQ change, bps)
2.52%
2.67%
2.67%
2.39%
2.57%
2.51%
2.47%
2.48%
2.36%
2.38%
Q1/22
Q2/22
Q3/22
Q4/22
Q1/23
Q2/23
Q3/23
Q4/23
Q1/22
Q2/22
Q3/22
Q4/22
Q1/23
Q2/23
Q3/23
Q4/23
-Asset
-Deposit
Asset & Client Deposit Mix³ (Spot Balances)
$304B
$330B
$331B
$313B
$336B
$342B
4%
13%
6%
6%
13%
13%
25%
24%
30%
18%
33%
33%
83%
81%
81%
52%
42%
43%
Q1/22
Q3/23
Q4/23
Q1/22
Residential Mortgages
Personal Lending
Credit Cards
Endnotes are included on slides 58 to 66.
CIBC◇
Q3/23
Q4/23
Interest-Bearing Deposits - Notice/Demand
Interest-Bearing Deposits - Term
Non-Interest-Bearing Deposits
Mortgage Portfolio Spreads (bps)4
Q1/22
Q2/22
Q3/22
Total Portfolio Spread
Fourth Quarter, 2023
Q4/22
Q1/23
Q2/23
1
Gross Inflow Spread
Q3/23
Q4/23
Gross Outflow Spread
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