First Quarter, 2024 Earnings Report
Business Segment Trends
Canadian Banking: Personal & Business Banking
Revenue ($MM)2,3
Non-Interest Expenses ($MM) & Efficiency Ratio (%)
1,310
2,414 2,448
2,458 2,458
2,497 2,497
2,262 2,262
2,282 2,282
1,300
1,307
1,303
1,301
1,296
60.0%
516
550
550
550
570
570
1,290
1,280
553
553
550 550
1,283
1,280
1,274
1,268
1,270
157.0%
56.7%
ROE
64.0%
1,280
Reported
23.6%
1,273
133.0%
Adjusted¹
23.8%
55.8%
1,898 1,898
1,908 1,908
1,709 1,709
1,732 1,732
1,927 1,9271,280
YoY (3)%(3)%1
55.6%
54.0%
53.2%
1,250
53.0%
52.9%
1,240
Q1/23
Q2/23
Q3/23
Q4/23
Q1/24
Q1/23
Q2/23
■Net Interest Income Reported
■Net Interest Income - Adjusted 1
Non-Interest Income - Reported
■Non-Interest Income - Adjusted 1
Net Interest Margin on Average Interest-Earning Assets4
Non-Interest Expenses - Reported
Efficiency Ratio - Reported
Average Loans & Deposits ($B)5,6
$4.0%
51.2%
51.0%
49.0%
Q3/23
Q4/23
Q1/24
Non-Interest Expenses - Adjusted¹
-Efficiency Ratio - Adjusted¹
Operating Leverage
(Rolling 4Q Avg.)
6.3%
2.16%
Q1/23
2.27%
315
315
318
320
2.41%
18
2.38%
2.38%
21
21
22
22
320
19
22
217
218
218
221
223
274
274
275
276
276
Q1/23
Q2/23
Q3/23
Q4/23
Q1/24
Q2/23
Q3/23
Q4/23
Q1/24
Real Estate Secured Personal Lending
■Credit Card
Other Personal Lending
Business Lending
■ Deposits
Endnotes are included on slides 49 to 54.
CIBC
First Quarter, 2024
Debit & Credit Card
Purchase Volumes
+9% YoY
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