First Quarter 2022 Financial Results
Canadian Personal and Commercial Banking1
Net Income
Net Interest Margin on Average Interest Earning Assets (bps)
243
239
237
235
236
904 904
895 895
976 976
1018 1028
917 926
Q1/21
Q2/21
Q3/21
■ Reported ■ Adjusted 2
Q4/21
Q1/22
Q1/21
Q2/21
Q3/21
Q4/21
Q1/22
Average Loans ($B)³,4
Average Deposits ($B)³
+14%
+8%
380
368
300
310
288
335
78
82
70
103
110
116
265
Q1/21
290
Q4/21
■ Personal
■ Business 5
298
Q1/22
185
Q1/21
190
194
Q4/21
Q1/22
■ Personal ■ Business
1 Includes the results of Canadian Personal and Business Banking and Canadian Commercial Banking, as well as Simplii Financial and CIBC Investor's Edge, which are now reported in Capital Markets.
Adjusted results are non-GAAP financial measures. See slide 37 for further details. Q4/21 and Q1/22 adjusted net income exclude $9MM and $10MM after-tax, respectively, in transaction and integration-related costs
associated with the acquisition of the Canadian Costco credit card portfolio.
2
CIBC
3 Average balances are calculated as a weighted average of daily closing balances.
4 Before any related allowances.
5 Commercial Banking loans comprise loans and acceptances and notional amount of letters of credit.
First Quarter, 2022
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