Q3/26

Q3/25

Q2/26

YoY

Variance

QoQ

Variance

Revenue

$8,368 million

$7,254 million

$8,006 million

+15 %

+5 %

Reported Net Income

$2,409 million

$2,096 million

$2,465 million

+15 %

-2 %

Adjusted Net Income ⁽¹⁾

$2,648 million

$2,104 million

$2,471 million

+26 %

+7 %

Adjusted pre-provision, pre-tax earnings ⁽¹⁾

$3,962 million

$3,289 million

$3,815 million

+20 %

+4 %

Reported Diluted Earnings Per Share (EPS)

$2.47

$2.15

$2.53

+15 %

-2 %

Adjusted Diluted EPS ⁽¹⁾

$2.73

$2.16

$2.54

+26 %

+7 %

Reported Return on Common Shareholders' Equity (ROE) ⁽²⁾

15.2 %

14.2 %

16.4 %

Adjusted ROE ⁽¹⁾

16.8 %

14.2 %

16.4 %

Net interest margin on average interest-earning assets ⁽²⁾⁽³⁾

1.63 %

1.58 %

1.67 %

Net interest margin on average interest-earning assets (excluding trading) ⁽²⁾⁽³⁾

2.07 %

1.94 %

2.05 %

Common Equity Tier 1 (CET1) Ratio ⁽⁴⁾

13.4 %

13.4 %

13.6 %

(1)

This measure is a non-GAAP measure. For additional information, see the "Non-GAAP measures" section, including the quantitative reconciliations of reported GAAP measures to: adjusted non-interest expenses and adjusted net income on pages 3 to 7; and adjusted pre-provision, pre-tax earnings on page 8.

(2)

Certain additional disclosures for these specified financial measures have been incorporated by reference and can be found in the "Glossary" section of our Report to Shareholders for the third quarter of 2026 available on SEDAR+ at www.sedarplus.com.

(3)

Average balances are calculated as a weighted average of daily closing balances.

(4)

Our capital ratios are calculated pursuant to the Office of the Superintendent of Financial Institution's (OSFI's) Capital Adequacy Requirements (CAR) Guideline and the leverage ratio is calculated pursuant to OSFI's Leverage Requirements Guideline, all of which are based on the Basel Committee on Banking Supervision (BCBS) standards. For additional information, see the "Capital management" and "Liquidity risk" sections of our Report to Shareholders for the third quarter of 2026 available on SEDAR+ at www.sedarplus.com.

(1)

This measure is a non-GAAP measure. For additional information and a reconciliation of reported results to adjusted results, where applicable, see the "Non-GAAP measures" section.

The following table provides a reconciliation of GAAP (reported) results to non-GAAP (adjusted) results on a segmented basis.

U.S.

Canadian

U.S.

Commercial

Canadian

Commercial

Commercial

Banking

Personal

Banking

Banking

and Wealth

and Business

and Wealth

and Wealth

Capital

Corporate

CIBC

Management

$ millions, for the three months ended July 31, 2026

Banking

Management

Management

Markets

and Other

Total

(US$ millions)

Operating results – reported

Total revenue

$

3,344

$

2,037

$

863

$

1,834

$

290

$

8,368

$

618

Provision for (reversal of) credit losses

427

145

(32)

28

(4)

564

(23)

Non-interest expenses

1,643

1,037

478

857

670

4,685

343

Income (loss) before income taxes

1,274

855

417

949

(376)

3,119

298

Income taxes

326

236

97

227

(176)

710

70

Net income (loss)

948

619

320

722

(200)

2,409

228

Net income attributable to non-controlling interests

-

-

-

-

10

10

-

Preferred shareholders and other equity instrument holders

11

6

5

42

64

128

4

Common shareholders

937

613

315

680

(274)

2,271

224

Net income (loss) attributable to equity shareholders

948

619

320

722

(210)

2,399

228

Diluted EPS ($)

$

2.47

Impact of items of note ⁽¹⁾

Revenue

Amortization of acquisition-related intangible assets ⁽²⁾

$

-

$

-

$

2

$

-

$

-

$

2

$

1

Impact of items of note on revenue

-

-

2

-

-

2

1

Non-interest expenses

Amortization of acquisition-related intangible assets

(6)

-

(2)

-

-

(8)

(1)

Charges related to our announced sale of CIBC Caribbean

-

-

-

-

(269)

(269)

-

Impact of items of note on non-interest expenses

(6)

-

(2)

-

(269)

(277)

(1)

Total pre-tax impact of items of note on net income

6

-

4

-

269

279

2

Income taxes

Amortization of acquisition-related intangible assets ⁽²⁾

1

-

2

-

-

3

1

Charges related to our announced sale of CIBC Caribbean

-

-

-

-

37

37

-

Impact of items of note on income taxes

1

-

2

-

37

40

1

Total after-tax impact of items of note on net income

$

5

$

-

$

2

$

-

$

232

$

239

$

1

Impact of items of note on diluted EPS ($) ⁽³⁾

$

0.26

Operating results – adjusted ⁽⁴⁾

Total revenue – adjusted

$

3,344

$

2,037

$

865

$

1,834

$

290

$

8,370

$

619

Provision for (reversal of) credit losses – adjusted

427

145

(32)

28

(4)

564

(23)

Non-interest expenses – adjusted

1,637

1,037

476

857

401

4,408

342

Income (loss) before income taxes – adjusted

1,280

855

421

949

(107)

3,398

300

Income taxes – adjusted

327

236

99

227

(139)

750

71

Net income – adjusted

953

619

322

722

32

2,648

229

Net income attributable to non-controlling interests – adjusted

-

-

-

-

10

10

-

Preferred shareholders and other equity instrument holders – adjusted

11

6

5

42

64

128

4

Common shareholders – adjusted

942

613

317

680

(42)

2,510

225

Net income attributable to equity shareholders – adjusted

953

619

322

722

22

2,638

229

Adjusted diluted EPS ($)

$

2.73

(1)

Items of note are removed from reported results to calculate adjusted results.

(2)

Includes the amortization of acquisition-related intangible assets that are a component of equity-accounted associates.

(3)

Includes the impact of rounding differences between diluted EPS and adjusted diluted EPS.

(4)

Adjusted to exclude the impact of items of note. Adjusted measures are non-GAAP measures.

The following table provides a reconciliation of GAAP (reported) results to non-GAAP (adjusted) results on a segmented basis.

U.S.

Canadian

U.S.

Commercial

Canadian

Commercial

Commercial

Banking

Personal

Banking

Banking

and Wealth

and Business

and Wealth

and Wealth

Capital

Corporate

CIBC

Management

$ millions, for the three months ended April 30, 2026

Banking

Management

Management

Markets

and Other

Total

(US$ millions)

Operating results – reported

Total revenue

$

3,174

$

1,918

$

821

$

1,868

$

225

$

8,006

$

599

Provision for (reversal of) credit losses

474

121

21

(15)

4

605

16

Non-interest expenses

1,571

960

469

807

392

4,199

342

Income (loss) before income taxes

1,129

837

331

1,076

(171)

3,202

241

Income taxes

283

223

71

284

(124)

737

51

Net income (loss)

846

614

260

792

(47)

2,465

190

Net income attributable to non-controlling interests

-

-

-

-

8

8

-

Preferred shareholders and other equity instrument holders

10

6

4

39

55

114

3

Common shareholders

836

608

256

753

(110)

2,343

187

Net income (loss) attributable to equity shareholders

846

614

260

792

(55)

2,457

190

Diluted EPS ($)

$

2.53

Impact of items of note ⁽¹⁾

Non-interest expenses

Amortization of acquisition-related intangible assets

$

(7)

$

-

$

(1)

$

-

$

-

$

(8)

$

(1)

Impact of items of note on non-interest expenses

(7)

-

(1)

-

-

(8)

(1)

Total pre-tax impact of items of note on net income

7

-

1

-

-

8

1

Income taxes

Amortization of acquisition-related intangible assets

2

-

-

-

-

2

-

Impact of items of note on income taxes

2

-

-

-

-

2

-

Total after-tax impact of items of note on net income

$

5

$

-

$

1

$

-

$

-

$

6

$

1

Impact of items of note on diluted EPS ($) ⁽³⁾

$

0.01

Operating results – adjusted ⁽⁴⁾

Total revenue – adjusted

$

3,174

$

1,918

$

821

$

1,868

$

225

$

8,006

$

599

Provision for (reversal of) credit losses – adjusted

474

121

21

(15)

4

605

16

Non-interest expenses – adjusted

1,564

960

468

807

392

4,191

341

Income (loss) before income taxes – adjusted

1,136

837

332

1,076

(171)

3,210

242

Income taxes – adjusted

285

223

71

284

(124)

739

51

Net income (loss) – adjusted

851

614

261

792

(47)

2,471

191

Net income attributable to non-controlling interests – adjusted

-

-

-

-

8

8

-

Preferred shareholders and other equity instrument holders – adjusted

10

6

4

39

55

114

3

Common shareholders – adjusted

841

608

257

753

(110)

2,349

188

Net income (loss) attributable to equity shareholders – adjusted

851

614

261

792

(55)

2,463

191

Adjusted diluted EPS ($)

$

2.54

See previous page for footnote references.

The following table provides a reconciliation of GAAP (reported) results to non-GAAP (adjusted) results on a segmented basis.

U.S.

Canadian

U.S.

Commercial

Canadian

Commercial

Commercial

Banking

Personal

Banking

Banking

and Wealth

and Business

and Wealth

and Wealth

Capital

Corporate

CIBC

Management

$ millions, for the three months ended July 31, 2025

Banking

Management

Management

Markets

and Other

Total

(US$ millions)

Operating results – reported

Total revenue

$

3,061

$

1,723

$

790

$

1,506

$

174

$

7,254

$

576

Provision for credit losses

444

21

17

76

1

559

14

Non-interest expenses

1,517

879

450

721

409

3,976

327

Income (loss) before income taxes

1,100

823

323

709

(236)

2,719

235

Income taxes

288

225

69

169

(128)

623

49

Net income (loss)

812

598

254

540

(108)

2,096

186

Net income attributable to non-controlling interests

-

-

-

-

2

2

-

Preferred shareholders and other equity instrument holders

-

-

-

-

82

82

-

Common shareholders

812

598

254

540

(192)

2,012

186

Net income (loss) attributable to equity shareholders

812

598

254

540

(110)

2,094

186

Diluted EPS ($)

$

2.15

Impact of items of note ⁽¹⁾

Non-interest expenses

Amortization of acquisition-related intangible assets

$

(7)

$

-

$

(4)

$

-

$

-

$

(11)

$

(3)

Impact of items of note on non-interest expenses

(7)

-

(4)

-

-

(11)

(3)

Total pre-tax impact of items of note on net income

7

-

4

-

-

11

3

Income taxes

Amortization of acquisition-related intangible assets

2

-

1

-

-

3

1

Impact of items of note on income taxes

2

-

1

-

-

3

1

Total after-tax impact of items of note on net income

$

5

$

-

$

3

$

-

$

-

$

8

$

2

Impact of items of note on diluted EPS ($) ⁽³⁾

$

0.01

Operating results – adjusted ⁽⁴⁾

Total revenue – adjusted

$

3,061

$

1,723

$

790

$

1,506

$

174

$

7,254

$

576

Provision for credit losses – adjusted

444

21

17

76

1

559

14

Non-interest expenses – adjusted

1,510

879

446

721

409

3,965

324

Income (loss) before income taxes – adjusted

1,107

823

327

709

(236)

2,730

238

Income taxes – adjusted

290

225

70

169

(128)

626

50

Net income (loss) – adjusted

817

598

257

540

(108)

2,104

188

Net income attributable to non-controlling interests – adjusted

-

-

-

-

2

2

-

Preferred shareholders and other equity instrument holders – adjusted

-

-

-

-

82

82

-

Common shareholders – adjusted

817

598

257

540

(192)

2,020

188

Net income (loss) attributable to equity shareholders – adjusted

817

598

257

540

(110)

2,102

188

Adjusted diluted EPS ($)

$

2.16

See previous pages for footnote references.

The following table provides a reconciliation of GAAP (reported) results to non-GAAP (adjusted) results on a segmented basis.

U.S.

Canadian

U.S.

Commercial

Canadian

Commercial

Commercial

Banking

Personal

Banking

Banking

and Wealth

and Business

and Wealth

and Wealth

Capital

Corporate

CIBC

Management

$ millions, for the nine months ended July 31, 2026

Banking

Management

Management

Markets

and Other

Total

(US$ millions)

Operating results – reported

Total revenue

$

9,813

$

5,878

$

2,558

$

5,719

$

804

$

24,772

$

1,847

Provision for credit losses

1,347

350

10

20

10

1,737

8

Non-interest expenses

4,772

2,938

1,430

2,500

1,573

13,213

1,033

Income (loss) before income taxes

3,694

2,590

1,118

3,199

(779)

9,822

806

Income taxes

940

710

244

808

(854)

1,848

176

Net income

2,754

1,880

874

2,391

75

7,974

630