Fourth Quarter, 2023 Financial Overview
Endnotes
Fourth quarter and fiscal 2023
Slide 5 CIBC Overview
1.
See note 1 on slide 68.
2.
3.
4.
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Adjusted results are non-GAAP measures. The quantitative reconciliations for these non-GAAP measures for the years ended October 31, 2023 and October 31, 2022 have been incorporated by reference
and can be found in the Non-GAAP measures section on pages 14 to 20 of our 2023 Annual Report, available on SEDAR+ at www.sedarplus.ca. See slide 67 for further details.
Pre-provision, pre-tax earnings (PPPT) is revenue net of non-interest expenses and is a non-GAAP measure. See slide 67 for further details.
For additional information on the composition, see the "Glossary" section on pages 101-107 in the 2023 Annual Report, available on SEDAR+ at www.sedarplus.ca.
See note 2 on slide 68.
Includes net client acquisition from Personal and Business Banking and Simplii Financial over the last twelve months (LTM) - Nov/22 to Oct/23.
Our capital ratios are calculated pursuant to OSFI's Capital Adequacy Requirements (CAR) Guideline, which is based on BCBS standards. For additional information, see the "Capital management" section in
the 2023 Annual Report, available on SEDAR+ at www.sedarplus.ca.
6.
7.
8.
See note 3 on slide 68.
9.
See note 13 on slide 69.
Slide 7 Our Progress
1.
Includes net client acquisition from Personal and Business Banking and Simplii Financial over the last twelve months (LTM) - Nov/22 to Oct/23.
2.
3.
4.
5.
Referrals represent funds managed (on a cumulative basis since fiscal 2019) related to existing Canadian Commercial and Wealth clients that have developed a new relationship within Canadian Wealth
Management. Funds managed include loans (before any related allowances), deposits and GICs, and investments. We believe that funds managed provide the reader with a better understanding of how
management assesses the size of our total client relationships.
Canadian Personal Banking only, excluding Simplii Financial. Based on spot balances as at October 31 for the respective periods.
Digital Adoption (Penetration) Rate represents the percentage share of Digital Registered Customers who have been engaged on CIBC Online Banking and/or CIBC Mobile Banking at least once in the last 90
calendar days out of all Canadian Personal Banking customers engaged across any channel.
Represents the % of U.S. Commercial strategic clients, at the household level, that also have a relationship with US Private Wealth Management. Strategic commercial clients are defined as client
relationships with deposit or loan balances in excess of US$1MM or greater than US$10K of annual revenue.
Slide 10 Financial Results Overview
1.
2.
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6.
7.
For additional information on the composition, see the "Glossary" section on pages 101-107 in the 2023 Annual Report, available on SEDAR+ at www.sedarplus.ca.
Adjusted results are non-GAAP measures. See slide 67 for further details.
See note 4 on slide 68.
Pre-provision, pre-tax earnings (PPPT) is revenue net of non-interest expenses and is a non-GAAP measure. See slide 67 for further details.
See notes 9 and 10 on slide 68.
OSFI requirement of 11% includes Pillar 1 minimum and Domestic Stability Buffer, and excludes the 50 bps increase to the Domestic Stability Buffer effective Nov/23.
LCR is calculated pursuant to OSFI's Liquidity Adequacy Requirements (LAR) Guideline, which is based on BCBS standards. For additional information, see the "Liquidity risk" section in the 2023 Annual
Report available on SEDAR+ at www.sedarplus.ca.
CIBCâ—‡
Fourth Quarter, 2023
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