First Quarter, 2024 Earnings Report
Items of Note
First quarter 2024
Period
Charge related to the special assessment imposed by the Federal Deposit Insurance
Corporation (FDIC) on U.S. depository institutions, which impacted CIBC Bank USA
Recovery to income tax that would be eliminated by a Federal proposal, if enacted in
its current form1
Amortization of acquisition-related intangible assets
Q1/24
Reporting Segments
Pre-Tax
Effect
($MM)
After-Tax & NCI
Effect ($MM)
EPS
Effect
($/Share)
91
68
0.07
U.S. Commercial Banking and Wealth Management
(37)
(0.04)
15
11
Adjustment to Net Income attributable to common shareholders and EPS
106
42
42
Endnotes are included on slides 49 to 54.
CIBC
First Quarter, 2024
Corporate and Other
Capital Markets and Direct Financial Services
0.01
Canadian Personal and Business Banking
U.S. Commercial Banking and Wealth Management
0.04
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