Canadian Personal Banking Digital Transformation
U.S. Commercial Banking & Wealth Management - solid volume growth and expense discipline
Reported (C$MM)
(1%)
•
Continued success in expanding market share and deepening relationships with
existing client base help to offset net interest margin pressure
.
•
Loan balances up 19% YoY; up 12% excluding PPP loans
Deposit balances up 36% YoY
Adjusted¹ NIM down 48 bps YoY and 29 bps QoQ
Solid growth in non-interest income YoY despite ongoing market impact on Asset
Management fees and slowdown in syndication activity
Q3/20
YOY
QoQ
Revenue
514
1%
Net interest income
356
(0%)
(6%)
Non-interest income
158
4%
12%
Non-Interest Expenses
271
(4%)
(8%)
Provision for Credit Losses
160
NM
(30%)
•
Net Income
62
(64%)
NM
•
Q3/20
YOY
QoQ
•
514
3%
(1%)
356
2%
(6%)
Non-interest income
158
4%
12%
•
Non-Interest Expenses
250
(4%)
(7%)
Pre-Provision Earnings²
264
10%
Provision for Credit Losses
Net Income
160
NM
77
(58%)
6%
(30%)
NM
Adjusted¹ (C$MM)
Revenue
Net interest income
Expenses down 4% YoY primarily driven by reduced business development spend
Provision for Credit Losses:
•
Total PCL ratio of 145 bps
PCL ratio on impaired of 38 bps
Loans and Deposits - Average (US$B)
324
305
276
2
Wealth Management (US$B)
28
30
31
68
67
74
25
28
51
51
56
21
Q3/19
Q2/20
Loans³
PPP Loans
Deposits
CIBC
1 Adjusted results are non-GAAP financial measures. See slide 36 for further details.
Q3/20
NIM -adjusted (bps)1
2 Pre-provision earnings is revenue net of non-interest expenses and is a non-GAAP measure. See slide 36 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).
Q3/19
Q2/20
Q3/20
■ AUA4 ■ AUM⭑
11View entire presentation