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Segmented information (Tables)

3 Months Ended

Jan. 31, 2025

Text Block [Abstract]

Detailed Report of Segments and Geographic Areas


$ millions, for the three months ended				Canadian Personal and Business Banking				Canadian Commercial Banking and Wealth Management				U.S. Commercial Banking and Wealth Management				Capital Markets				Corporate and Other				CIBC Total

2025		Net interest income		$	2,326			$	718			$	562			$	70			$	125			$	3,801
Jan. 31		Non-interest income (1)			597				985				285				1,504				109				3,480
		Total revenue			2,923				1,703				847				1,574				234				7,281
		Provision for credit losses			428				39				68				21				17				573
		Amortization and impairment (2)			58				1				23				1				203				286
		Other non-interest expenses			1,402				852				447				704				187				3,592
		Income (loss) before income taxes			1,035				811				309				848				(173	)			2,830
		Income taxes			270				220				53				229				(113	)			659
		Net income (loss)		$	765			$	591			$	256			$	619			$	(60	)		$	2,171
		Net income (loss) attributable to:
		Non-controlling interests		$	–			$	–			$	–			$	–			$	8			$	8
		Equity shareholders			765				591				256				619				(68	)			2,163
		Average assets (3)(4)		$	338,184			$	100,474			$	65,791			$	375,453			$	218,905			$	1,098,807
2024		Net interest income		$	2,239			$	676			$	506			$	34			$	178			$	3,633
Oct. 31 ( 5 )		Non-interest income (1)			603				926				227				1,121				107				2,984
		Total revenue			2,842				1,602				733				1,155				285				6,617
		Provision for credit losses			280				24				83				31				1				419
		Amortization and impairment (2)			55				–				25				3				206				289
		Other non-interest expenses			1,408				823				390				649				232				3,502
		Income (loss) before income taxes			1,099				755				235				472				(154	)			2,407
		Income taxes			307				204				35				126				(147	)			525
		Net income (loss)		$	792			$	551			$	200			$	346			$	(7	)		$	1,882
		Net income (loss) attributable to:
		Non-controlling interests		$	–			$	–			$	–			$	–			$	8			$	8
		Equity shareholders			792				551				200				346				(15	)			1,874
		Average assets (3)(4)		$	336,470			$	98,070			$	61,907			$	332,561			$	206,839			$	1,035,847
2024		Net interest income (6)		$	2,105			$	488			$	465			$	141			$	50			$	3,249
Jan. 31 ( 5 )		Non-interest income (1)			574				949				222				1,169				58				2,972
		Total revenue (6)			2,679				1,437				687				1,310				108				6,221
		Provision for (reversal of) credit losses			337				20				244				–				(16	)			585
		Amortization and impairment (2)			58				–				23				2				193				276
		Other non-interest expenses			1,308				700				460				588				133				3,189
		Income (loss) before income taxes			976				717				(40	)			720				(202	)			2,171
		Income taxes (6)			262				194				(32	)			198				(179	)			443
		Net income (loss)		$	714			$	523			$	(8	)		$	522			$	(23	)		$	1,728
		Net income (loss) attributable to:
		Non-controlling interests		$	–			$	–			$	–			$	–			$	12			$	12
		Equity shareholders			714				523				(8	)			522				(35	)			1,716
		Average assets (3)(4)		$	332,637			$	93,331			$	59,152			$	302,030			$	195,171			$	982,321

(1)	Includes intersegment revenue, which represents internal sales commissions and revenue allocations under the Product Owner/Customer Segment/Distributor Channel allocation management model.

(2)	Comprises amortization and impairment of buildings, right-of-use assets, furniture, equipment, leasehold improvements, and software and other intangible assets.

(3)	Assets are disclosed on an average basis as this measure is most relevant to a financial institution and is the measure reviewed by management.

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

(5)	Certain prior period information has been restated for the external reporting changes noted above.

(6)	Capital Markets net interest income and income taxes include a taxable equivalent basis (TEB) adjustment of $68 million for the three months ended January 31, 2024 with equivalent offsets in Corporate and Other.