Fourth Quarter, 2023 Financial Overview

Capital Markets & Direct Financial Services Revenue growth underpinned by robust trading activity in Global Markets Revenue growth of 9% YoY: Reported & Adjusted¹ ($MM) Q4/23 YOY QoQ • Trading revenues up 23% YoY driven mainly by higher equities, interest rate, and FX trading activity Revenue² 1,290 9% (5)% • • • Strong growth momentum in Direct Financial Services (DFS), supported primarily by higher deposit margins Corporate and Investment Banking down 4% YoY mainly from weaker underwriting activity, partly offset by Corporate loan growth Expenses up 12% driven by higher severance, as well as investments to support key growth initiatives Provision for Credit Losses: Non-Trading Net Interest Income 499 1% (0)% Non-Trading Non-Interest Income 303 4% (10)% Trading Revenue 488 23% (6)% Expenses 734 12% 9% PPPT³ 556 6% (18)% Provision for Credit Losses 4 $5 $(2) Net Income 383 1% (22)% • Total PCL ratio of 2 bps • Impaired PCL ratio of 3 bps Loans (Average, $B)4,5 70 4% (1)% Deposits (Average, $B)5 117 4% (0)% Q4/23 | Key Highlights +170K Net New Client Growth [YTD] 6 in Simplii Financial +12% DFS Revenue Growth Driven by Simplii Financial & ASG7 +18% U.S. Region Revenue Growth [YTD] Expanding our North American Platform Endnotes are included on slides 58 to 66. CIBC◇ Fourth Quarter, 2023 20 20

View entire presentation