Fourth Quarter, 2023 Financial Overview
Capital
Ending the year with a significantly stronger balance sheet
Capital Position
•
•
CET1 ratio of 12.4%, up 18 bps sequentially
•
Increase primarily due to organic generation
and share issuances net of RWA growth
during the quarter
RWA growth driven largely by FX and is
capital neutral
Pro forma CET1 impact of U.S. IRB³ net
of Q1/24 regulatory changes: ~ +20 bps4
$B
CET1 Ratio
12.2%
19 bps
11 bps
Q4/22
Q3/23
Q4/23
Average Loans and Acceptances¹
525.6
537.3
539.5
Average Deposits¹
703.8
712.4
721.2
CET1 Capital²
37.0
38.7
40.3
CET1 Ratio
11.7%
12.2%
12.4%
Risk-Weighted Assets (RWA)2
315.6
317.8
326.1
Leverage Ratio²
4.4%
4.2%
4.2%
Liquidity Coverage Ratio (average)²
129%
131%
135%
HQLA (average)2
181.5
182.3
187.8
Net Stable Funding Ratio²
118%
117%
118%
RWA ($B)
Pro forma +20 bps4
12.4%
(4) bps
(8) bps
1.2
0.9
317.8
6.2
326.1
Q3/23
Earnings Net
of Dividends
Share
Issuances
RWA
Growth
Other
Q4/23
Q3/23
Credit Risk
Market &
Operational Risk
FX
Q4/23
Endnotes are included on slides 58 to 66.
CIBC
Fourth Quarter, 2023
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