Canadian Personal Banking Digital Transformation

Capital Markets - strong and well-diversified results in a record quarter Reported & Adjusted¹ ($MM) Revenue² Net interest income Q3/20 YOY QoQ Strong revenue growth YoY, mainly due to: 1,000 33% 21% • Higher trading revenues in Interest Rates and Commodities 524 55% 14% • Strong performance in Corporate Banking with commitments up 10% Non-interest income 476 15% 31% Non-Interest Expenses 413 6% (1%) • Pre-Provision Earnings³ 587 62% 45% Provision for Credit Losses 61 45% (73%) Net Income 392 67% NM • • Higher debt and equity underwriting activity Continued diversified growth in the U.S. Higher expenses primarily driven by investments in strategic initiatives and higher performance-based compensation Provision for Credit Losses: Revenue ($MM)² 61 (85) 13 446 412 360 • Total PCL ratio of 62 bps PCL ratio on impaired of 57 bps U.S. Region Revenue (US$MM)² 197 148 123 493 1 379 Q3/19 ■ Non-Trading 497 Q2/20 ■ Trading Q3/20 ■Credit/Funding Valuation Adjustments CIBC Adjusted results are non-GAAP financial measures. See slide 36 for further details. 2 Revenue is reported on a taxable equivalent basis (TEB). 3 Pre-provision earnings is revenue net of non-interest expenses and is a non-GAAP measure. See slide 36 for further details. Q3/19 Q2/20 Q3/20 12

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