CIBC Investor Presentation
Q4/20
YOY
QoQ
390
3%
266
3%
Non-interest income
124
2%
Non-Interest Expenses
204
(6%)
Provision for Credit Losses
61
NM
(50%)
Net Income
100
(26%)
U.S. Commercial Banking & Wealth Management (US$)
Reported (US$MM)
Revenue
Net interest income
•
Focus on expanding client relationships contributing to solid growth in net
interest income despite significant margin compression
•
Loan balances up 13% YoY
Deposit balances up 33% YoY
NIM down 22 bps YoY and up 1 bps QoQ
Strong organic growth in AUM driving increase in non-interest income
Expenses down 4% YoY driven by strong expense management
3%
.
2%
6%
3%
•
NM
Adjusted¹ (US$MM)
Q4/20
YOY
QoQ
•
Operating leverage of 8.4%
Revenue
390
5%
3%
•
Provision for Credit Losses:
Net interest income
266
6%
2%
•
Total PCL ratio of 77 bps
Non-interest income
Non-Interest Expenses
124
2%
6%
•
PCL ratio on impaired of 51 bps
191
(5%)
4%
Pre-Provision Earnings²
Provision for Credit Losses
Net Income
199
15%
2%
61
NM
110
(23%)
(50%)
NM
Loans and Deposits - Average (US$B)
299
276
2
277
2
Wealth Management (US$B)
29
31
28
31
68
74
73
29
52
56
57
22
Q4/19
Loans ³
Q3/20
Q4/20
PPP Loans
Deposits
-NIM - adjusted (bps)¹
Q4/19
Q3/20
Q4/20
4
4
■ AUA AUM
CIBC
1 Adjusted results are non-GAAP financial measures. See slide 69 for further details. 2 Pre-provision earnings is revenue net of non-interest expenses and is a non-GAAP measure. See slide 69 for further details. 3 Loan
amounts are stated before any related allowances or purchase accounting adjustments. 4 Assets under management (AUM) are included in assets under administration (AUA).
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