Investor Presentation Fourth Quarter 2020
Reported (US$MM)
Revenue
Q4/20
YOY
QoQ
390
3%
3%
Net interest income
266
3%
2%
Non-interest income
124
2%
6%
U.S. Commercial Banking & Wealth Management (US$)
Focus on expanding client relationships contributing to solid growth in net interest
income despite significant margin compression
Deposit balances up 33% YoY
.
Loan balances up 13% YoY
Non-Interest Expenses
204
(6%)
3%
•
NIM down 22 bps YoY and up 1 bp QoQ
Provision for Credit Losses
61
NM
(50%)
•
Net Income
100
(26%)
NM
•
Strong organic growth in AUM driving increase in non-interest income
Expenses down 4% YoY driven by strong expense management
Adjusted¹ (US$MM)
Revenue
Q4/20
YOY
QoQ
•
Operating leverage of 8.4%
390
5%
3%
•
Net interest income
266
6%
2%
Non-interest income
Non-Interest Expenses
Pre-Provision Earnings²
124
2%
6%
Provision for Credit Losses:
Total PCL ratio of 77 bps
PCL ratio on impaired of 51 bps
191
(5%)
4%
199
15%
2%
Provision for Credit Losses
Net Income
61
NM
(50%)
110
(23%)
NM
Loans and Deposits - Average (US$B)
CIBC
299
276
2
277
2
29
31
28
31
29
22
Q4/19
3
Loans
PPP Loans
Q3/20
Deposits
Q4/20
-NIM - adjusted (bps) 1
1 Adjusted results are non-GAAP financial measures. See slide 38 for further details.
2 Pre-provision earnings is revenue net of non-interest expenses and is a non-GAAP measure. See slide 38 for further details.
3 Loan amounts are stated before any related allowances or purchase accounting adjustments.
4 Assets under management (AUM) are included in assets under administration (AUA).
Wealth Management (US$B)
68
74
73
52
56
57
Q4/19
Q3/20
Q4/20
4
4
■ AUA AUM
Fourth Quarter, 2020
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