Investor Presentation Fourth Quarter 2020
Personal & Business Banking - results reflect improving sequential trends
Reported ($MM)
While performance continues to be affected by the pandemic, continuing to see
positive trends reflecting ongoing efforts to revitalize the segment
Lower net interest income YoY driven by lower rates, partially offset by improving
balance growth
•
Revenue
Q4/20
2,139
YOY
QoQ
(4%)
4%
•
Net interest income
1,599
(2%)
4%
Non-interest income
540
(9%)
4%
Non-Interest Expenses
1,149
(1%)
0%
•
Provision for Credit Losses
130
(49%)
(41%)
Net Income
634
5%
25%
Adjusted¹ ($MM)
Q4/20
YOY
QoQ
Revenue
2,139
(4%)
4%
Net interest income
1,599
(2%)
4%
Non-interest income
540
(9%)
4%
Non-Interest Expenses
1,147
(1%)
0%
•
Pre-Provision Earnings²
992
(7%)
9%
.
Provision for Credit Losses
130
(49%)
(41%)
Net Income
635
5%
25%
•
NIM up 5 bps QoQ and down 9 bps YoY
Loan balances up 2% YoY
Deposit balances up 15% YoY
Non-interest income down 9% YoY
Improving consumer activity resulted in an increase in deposit fees, but still
below pre-pandemic levels
•
Cards purchase volumes down 4% YoY and up 10% QoQ
Continued focus on expense management to offset top-line headwinds
Provision for Credit Losses:
•
Total PCL ratio of 20 bps
Loans and Deposits ($B)
CIBC
252
238
243
PCL ratio on impaired of 14 bps
Transaction Volumes ($B, Debit and Credit)
7.2
7.1
7.2
-2% YoY
1% YoY
-1% YoY
257
259
263
180
200
208
Q4/19
Q3/20
Deposits
Loans & Acceptances
1 Adjusted results are non-GAAP financial measures. See slide 38 for further details.
2 Pre-provision earnings is revenue net of non-interest expenses and is a non-GAAP measure. See slide 38 for further details.
Q4/20
August
September
October
-Net Interest Margin (bps)
Fourth Quarter, 2020
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