Fourth Quarter, 2023 Financial Overview
Corporate & Other
Strong results supported by International Banking and lower expenses
•
Revenue higher YoY and lower sequentially
•
•
International Banking up 6% YoY,
benefitting from margin expansion and FX
translation
Net interest income higher due to favourable
Treasury-related revenues during the
quarter
Reported expenses down 33% YoY and up 7%
on a sequential basis
Adjusted expenses² down 18% YoY and 2%
sequentially largely due to pension plan
amendment gain net of severance
PPPT³
Endnotes are included on slides 58 to 66.
CIBC◇
Reported
Adjusted²
($MM)
Revenue¹
Q4/23
YOY
QoQ
Q4/23
YOY
QoQ
61
$86
$(6)
61
$86
$(6)
Net Interest Income
Non-Interest Income
(23)
$30
$20
(23)
$30
$20
84
$56 $(26)
84
$56
$(26)
Expenses
Provision for Credit Losses
Net Income
(75)
333 $(167) $21
(272) $253 $(27)
(5) $(16) $(17)
$219 $26
303
$(66)
$(6)
(242) $152
$0
(5)
$(16)
$(17)
(48)
$149
$50
Fourth Quarter, 2023
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