Fourth Quarter, 2023 Financial Overview

Capital Markets & Direct Financial Services Deliver leading solutions through best-in-class insight, advice and execution Our capital markets franchise in review Revenue1 Reported & Adjusted² $5.5B YoY +10% PPPT 3 Reported & Adjusted² $2.8B NIAT Reported & Adjusted² $2.0B Operating Leverage Balance Sheet (Avg.) Credit YoY +4% Reported & Adjusted² (1.9)% YoY +3% Loans 4,5 $70B Deposits5 $118B Imp. PCL Ratio PCL Ratio 1bp 3bps YoY +13% +18% YoY +6bps / +13bps YoY +8% Recognized as Best Investment Bank in Canada by Global Finance Fiscal 2023 against Investor Day targets Our focus for 2024 U.S. Middle Market Investment Banking named Top 50 M&A Investment Banker by Atlas Awards Return on Equity Target: +18% F23 | 23.0% Revenue Growth Target: 7-10% CAGR F23 +10% YoY Awarded Best Issuer and Best Principal at Risk Issuer by SPi Canada U.S. Revenue Growth Target: 10% CAGR F23 +18% YoY DFS Revenue Growth Target: 15% CAGR F23 +26% YoY 1 Maintaining our focused approach to client coverage in Canada 2 Growing our North American platform by further expanding our U.S. reach and broadening the services offered to clients 3 Strengthening our connectivity, technology and innovation efforts to bring more of our bank's offerings to our clients Endnotes are included on slides 58 to 66. CIBC Fourth Quarter, 2023 37

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