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Segmented information

9 Months Ended

Jul. 31, 2025

Note 15. Segmented information

CIBC has four strategic business units (SBUs) – Canadian Personal and Business Banking, Canadian Commercial Banking and Wealth Management, U.S. Commercial Banking and Wealth Management, and Capital Markets. These SBUs are supported by Corporate and Other.

Canadian Personal and Business Banking provides personal and business clients across Canada with financial advice, services and solutions through banking centres, as well as mobile and online channels, to help make their ambitions a reality.

Canadian Commercial Banking and Wealth Management provides high-touch, relationship-oriented banking and wealth management services to middle-market companies, entrepreneurs, high-net-worth individuals and families across Canada, as well as an online brokerage platform to retail customers and asset management services to institutional investors.

U.S. Commercial Banking and Wealth Management provides tailored, relationship-oriented banking and wealth management solutions across the U.S., focusing on middle-market and mid-corporate companies, entrepreneurs, high-net-worth individuals and families, as well as operating personal and small business banking services in six U.S. markets.

Capital Markets provides integrated global markets products and services, investment banking and corporate banking solutions, and top-ranked research to our clients around the world. Leveraging the capabilities of our differentiated platform, Capital Markets also delivers multi-currency payments and innovative solutions for clients across our bank.

Corporate and Other includes the following functional groups – Technology, Infrastructure and Innovation, Risk Management, People, Culture and Brand, and Finance, as well as other support groups. The expenses of these functional and support groups are generally allocated to the business lines within the SBUs. Corporate and Other also includes the results of CIBC Caribbean and other portfolio investments, as well as other income statement and balance sheet items not directly attributable to the business lines.

External reporting changes were made in the first quarter of 2025, which affected the results of our SBUs. See the shaded section in “MD&A – External reporting changes” for additional details.


$ 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	$	2,459	$	751	$	548	$	176		$	114		$	4,048
Jul. 31	Non-interest income (1)		602		972		242		1,330			60			3,206
	Total revenue		3,061		1,723		790		1,506			174			7,254
	Provision for credit losses		444		21		17		76			1			559
	Amortization and impairment (2)		58		1		23		–			205			287
	Other non-interest expenses		1,459		878		427		721			204			3,689
	Income (loss) before income taxes		1,100		823		323		709			(236	)		2,719
	Income taxes		288		225		69		169			(128	)		623
	Net income (loss)	$	812	$	598	$	254	$	540		$	(108	)	$	2,096
	Net income (loss) attributable to:
	Non-controlling interests	$	–	$	–	$	–	$	–		$	2		$	2
	Equity shareholders		812		598		254		540			(110	)		2,094
	Average assets (3)(4)	$	340,683	$	105,275	$	63,669	$	381,214		$	212,606		$	1,103,447
2025	Net interest income	$	2,272	$	707	$	536	$	171		$	102		$	3,788
Apr. 30	Non-interest income (1)		587		933		233		1,374			107			3,234
	Total revenue		2,859		1,640		769		1,545			209			7,022
	Provision for credit losses		389		54		123		34			5			605
	Amortization and impairment (2)		57		–		25		–			199			281
	Other non-interest expenses		1,421		833		416		719			149			3,538
	Income (loss) before income taxes		992		753		205		792			(144	)		2,598
	Income taxes		258		204		32		226			(129	)		591
	Net income (loss)	$	734	$	549	$	173	$	566		$	(15	)	$	2,007
	Net income (loss) attributable to:
	Non-controlling interests	$	–	$	–	$	–	$	–		$	9		$	9
	Equity shareholders		734		549		173		566			(24	)		1,998
	Average assets (3)(4)	$	337,350	$	102,709	$	65,820	$	370,517		$	219,610		$	1,096,006
2024	Net interest income (6)	$	2,183	$	585	$	477	$	(85	)	$	372		$	3,532
Jul. 31 (5)	Non-interest income (1)		592		938		254		1,177			111			3,072
	Total revenue (6)		2,775		1,523		731		1,092			483			6,604
	Provision for credit losses		342		42		47		41			11			483
	Amortization and impairment (2)		58		1		25		2			231			317
	Other non-interest expenses		1,414		792		395		649			115			3,365
	Income before income taxes		961		688		264		400			126			2,439
	Income taxes (6)		268		187		48		111			30			644
	Net income	$	693	$	501	$	216	$	289		$	96		$	1,795
	Net income attributable to:
	Non-controlling interests	$	–	$	–	$	–	$	–		$	9		$	9
	Equity shareholders		693		501		216		289			87			1,786
	Average assets (3)(4)	$	333,970	$	96,170	$	61,793	$	321,784		$	198,295		$	1,012,012

$ millions, for the nine months ended
2025	Net interest income	$	7,057	$	2,176	$	1,646	$	417		$	341		$	11,637
Jul. 31	Non-interest income (1)		1,786		2,890		760		4,208			276			9,920
	Total revenue		8,843		5,066		2,406		4,625			617			21,557
	Provision for credit losses		1,261		114		208		131			23			1,737
	Amortization and impairment (2)		173		2		71		1			607			854
	Other non-interest expenses		4,282		2,563		1,290		2,144			540			10,819
	Income (loss) before income taxes		3,127		2,387		837		2,349			(553	)		8,147
	Income taxes		816		649		154		624			(370	)		1,873
	Net income (loss)	$	2,311	$	1,738	$	683	$	1,725		$	(183	)	$	6,274
	Net income (loss) attributable to:
	Non-controlling interests	$	–	$	–	$	–	$	–		$	19		$	19
	Equity shareholders		2,311		1,738		683		1,725			(202	)		6,255
	Average assets (3)(4)	$	338,754	$	102,750	$	64,654	$	375,881		$	216,566		$	1,098,605
2024	Net interest income (6)	$	6,353	$	1,556	$	1,400	$	269		$	484		$	10,062
Jul. 31 (5)	Non-interest income (1)		1,747		2,860		687		3,376			257			8,927
	Total revenue (6)		8,100		4,416		2,087		3,645			741			18,989
	Provision for credit losses		953		99		477		53			–			1,582
	Amortization and impairment (2)		174		2		73		6			626			881
	Other non-interest expenses		4,069		2,241		1,230		1,821			406			9,767
	Income (loss) before income taxes		2,904		2,074		307		1,765			(291	)		6,759
	Income taxes (6)		791		562		7		482			(355	)		1,487
	Net income	$	2,113	$	1,512	$	300	$	1,283		$	64		$	5,272
	Net income attributable to:
	Non-controlling interests	$	–	$	–	$	–	$	–		$	31		$	31
	Equity shareholders		2,113		1,512		300		1,283			33			5,241
	Average assets (3)(4)	$	332,894	$	94,686	$	60,454	$	309,523		$	197,263		$	994,820

(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 includes a reversal of a taxable equivalent basis (TEB) adjustment of $123 million for the three months ended July 31, 2024 and a TEB adjustment of $16 million for the nine months ended July 31, 2024 with equivalent offsets in Corporate and Other. TEB adjustment offset is no longer applied since the third quarter of 2024 upon the enactment of Bill C-59 in June 2024, which eliminated the dividend received deduction for

Canadian

banks.