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Investor Presentation August 2026 All amounts are in Canadian dollars unless otherwise indicated.
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Forward-Looking Statements 1 Investor Relations Contact: Geoffrey Weiss, Senior Vice-President | 416 980-5093 Visit the Investor Relations section at www.cibc.com/en/about-cibc/investor-relations.html A NOTE ABOUT FORWARD-LOOKING STATEMENTS: From time to time, we make written or oral forward- looking statements within the meaning of certain securities laws, including i n this report, in other filings with Canadian securities regulators or the SEC and in other communications. All such statements are made pursuant to the “safe harbour” provisions of, and are intended to be forward- looking statements under applicable Canadian and U.S. securities legislation, including the U.S. Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements made in the “Financial performance overview – Economic outlook”, “Financial performance overview – Financial results review”, “Financial performance overview – Review of quarterly financial information”, “Financial condition – Capital management”, “Management of risk – Risk overview”, “Management of risk – Top and emerging risks”, “Management of risk – Credit risk”, “Management of risk – Market risk”, “Management of risk – Liquidity risk”, “Accounting and control matters – Critical accounting policies and estimates”, and “Accounting and control matters – Other regulatory developments” sections of this report and other statements about our operations, business lines, financial condition, risk management, priorities, targets and sustainability commitments (including with respect to our sustainability ambitions and related activities), ongoing objectives, strategies, the regulatory environment in which we operate and outlook for calendar year 2026 and subsequent periods. Forward-looking statements are typically identified by the words “believe”, “expect”, “anticipate”, “intend”, “estimat e”, “forecast”, “target”, “predict”, “commit”, “ambition”, “goal”, “strive”, “project”, “objective” and other similar expressions or future or conditional verbs s uch as “will”, “may”, “should”, “would” and “could”. By their nature, these statements require us to make assumptions, including th e economic assumptions set out in the “Financial performance overview – Economic outlook” section of this report, and are subject to inherent risks and uncertainties that may be general or specific. Given the potential negative economic impacts tied to the actual and proposed U.S. imposition of tariffs on Canada and other countries and their countermeasures, mixed signals from the labour market in the U.S., the continuing impact of hybrid work arra ngements and high interest rates on the U.S. real estate sector, and the war in Ukraine and conflict in the Middle East, incl uding their contribution to elevated energy and critical input costs, and ongoing supply chain disruptions, on the global economy, financial markets, and our busi ness, results of operations and financial condition, there is inherently more uncertainty associated with our assumptions as com pared to prior periods. A variety of factors, many of which are beyond our control, affect our operations, performance and results, and could cause actual results to differ materially from the expectations expressed in any of our forward- looking statements. These factors include: trade polici es and tensions, including tariffs and government tariff mitigation policies; inflationary pressures in the U.S.; global supply -chain disruptions; geopolitical risk, including from the war in Ukraine and conflict in the Middle East; the impact of post -pandemic hybrid work arrangements; credit, market, liquidity, strategic, insurance, operational, reputation, conduct and legal, regulatory and environmental risk; currency value and interest rate fluctuations, including as a result of market and oil price volatility; the effectiveness and adequacy of our risk management and valuation m odels and processes; legislative or regulatory developments in the jurisdictions where we operate, including the Organisation for Economic Co- operation and Development Common Reporting Standard, and regulatory reforms in the United Kingdom and Europe, the Basel Committee on Banking Superv ision’s global standards for capital and liquidity reform, and those relating to bank recapitalization legislation, open banking and the payments syst em in Canada; amendments to, and interpretations of, risk -based capital guidelines and reporting instructions, and interest rate and liquidity regulatory guidance; exposure to, and the resolution of, significant litigation or regulatory matters, our ability to successfully appeal adverse outcomes of such matters and the timing, determination and recovery of amounts related to such matters; the effect of changes to accounting standards, rules and interpretations; changes in our estimates of reserves and allowances; changes in tax laws; changes to our credit ratings; pol itical conditions and developments, including changes relating to economic matters; the possible effect on our business of inter national conflicts, such as the war in Ukraine and conflict in the Middle East, and terrorism; natural disasters, disruptions to public infrastructure and other cat astrophic events; the occurrence of public health emergencies and any related government policies and actions; reliance on third parties to provide components of our business infrastructure; potential disruptions to our information technology systems and services; increasing cyber security risks, including the discovery and misuse of vulnerabilities and exposure to cyberattacks in connection with the use of artifici al intelligence (AI), which may include theft or disclosure of assets, unauthorized access to sensitive information, or operational disruption; social media risk; losses i ncurred as a result of internal or external fraud; anti -money laundering; the accuracy and completeness of information provided to us concerning clients and counterparties; the failure of third parties to comply with their obligations to us and our affiliates or associates; intensi fying competition from established competitors and new entrants in the financial services industry, including through internet and mobile banking; technological change, including the development and use of data and AI in our business and the ability to generate expected or potential benefits, such as increased productivity, cost savings, and improved accuracy and enhancement of business processes; the heavy reliance on AI-related capital spending for U.S. growth and the uncertain employment impacts from its adoption; global capital market activity; changes in monetary and economic policy; general business and economic conditions worldwide, as well as in Canada, the U.S. and other countries where we have operations, including increasing Canadian household debt levels and global credit risks; environmental and social risks, including climate- related risk, our ability to implement various sustainability-related initiatives internally and with our clients under expected time frames and our ability to scale our sustainable finance products and services; our success in developing and introducing new products and services, expanding existing distri bution channels, developing new distribution channels and realizing increased revenue from these channels; changes in client spendi ng and saving habits; our ability to attract and retain key employees and executives; our ability to successfully execute our strategies and complete and integrate acquisitions and joint ventures; the risk that expected benefits of an acquisition, merger or divestiture will not be realized within the expected time frame or at all; and our ability to anticipate and manage the risks associated with these factors. This list is not exhaustive of the factors that may affect any of our forward- looking statements. These and other factors should be considered carefully and readers s hould not place undue reliance on our forward-looking statements. Any forward-looking statements contained in this report represent the views of management only as of the date hereof and are presented for the purpose of assisting our shareholders and financial analysts in understanding our f inancial position, objectives and priorities and anticipated financial performance as at and for the periods ended on the dates presented, and may not be appropri ate for other purposes. We do not undertake to update any forward- looking statement that is contained in this report or in other communications except as required by law.
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Table of Contents 2 Enterprise Overview 3 We are committed to creating enduring value for all our stakeholders Why invest in CIBC? A leading, well-diversified North American Financial Institution An enterprise strategy designed to deliver outperformance 6 Our Differentiated Enterprise Strategy Technology Strategy @ CIBC AI @ CIBC Financial Performance 10 Medium-Term Objectives Capital Deployment Strategy Track record of strong financial performance Our Business Segments 15 Canadian Personal & Business Banking Digital Trends Canadian Commercial Banking & Wealth Management U.S. Commercial Banking & Wealth Management Capital Markets U.S. Region Risk Overview 26 Loan Portfolio is Highly Diversified Canadian Real Estate Secured Lending Canadian Mortgages Renewal Profile Commercial Real Estate Interest Rate Sensitivity Economic Outlook & Overview 32 Snapshot of the Canadian economy Canadian economic indicators demonstrate resilience and performance Canadian house price growth has normalized Mortgage market supported by strong fundamentals Capital, Funding & Liquidity 38 Capital and Liquidity Funding & Liquidity
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3 We are committed to creating enduring value for all our stakeholders “Over our bank’s 158-year history, we’ve helped our clients to realize their ambitions and helped businesses to grow, while also investing in the long-term strength and sustainability of the economies where we operate and the communities we call home.” -Harry Culham, President & CEO, CIBC To help our clients, employees, communities, and shareholders achieve their ambitions O U R P U R P O S E To be aclient-focused, connected, and performance-driven bank, delivering industry-leading shareholder returns O U R A M B I T I O N
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Why invest in CIBC? 4 Experienced, collaborative leadership team Clear competitive advantages Track record of strong, consistent execution Capital strength and risk discipline • Differentiated client relationship model through Imperial Service & Costco franchise • Highly connected franchise with long-standing, multi- product relationships driving profitable growth • Market leading North American private wealth platform strengthened by strategic recruitment of top financial advisors • Client-centric culture guided by our purpose – to help make ambitions a reality • Continued momentum driving market-leading Total Shareholder Returns • Strong earnings growth and improving returns • High quality revenue growth supported by broad- based volume growth and margin expansion • Effective expense management delivering positive operating leverage • Capital levels well-above regulatory minimums • Disciplined capital allocation prioritizing organic growth in markets where we can leverage existing capabilities • Robust AML and other regulatory governance and controls • Ongoing investments across strategic priorities and platforms to enhance client, data, and AI capabilities Proven, relationship- focused strategy • Growing our mass affluent and private wealth franchise • Expanding our digital-first personal banking capabilities • Delivering connectivity and differentiation to our clients • Enabling, simplifying and protecting our bank • Seasoned leadership team, with deep bench strength and pipeline for next generation of leaders • Risk-focused mindset and accountability with clear targets • Focused on transparency and enhanced disclosure • Engaged Board committed to strong governance and oversight
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A leading, well-diversified North American Financial Institution 5 For endnotes, see slides 42-47. STRONG CREDIT RATINGS Agency Rating11 Moody’s Aa2 (Senior12, A2), Stable S&P A+ (Senior12, A-), Stable Fitch AA+(Senior12, AA-), Stable Morningstar DBRS AA (Senior12, AA(low)), Stable Net Income by Strategic Business Unit7,8(LTM)3 DIVERSIFIED EARNINGS MIX Revenue Contribution by Region9(LTM)3 25% 11% 29% 35% $10.1B Canadian Personal & Business Banking Capital Markets U.S. Commercial & Wealth Canadian Commercial & Wealth 18% 70% 12% $32.3B Canada U.S.10Other Solid ROE and Capital Strength Annualized Total Shareholder Return6 1-Year 3-Years 5-Years 10-Years 73% 69% 48% 34% 24% 21% 18% 17% CIBC S&P/TSX Composite Banks Index vs. Big 6 Canadian Banks #1 #1 #1 #2 1867 FOUNDED 15MM CLIENTS 52K EMPLOYEES1 ROE4 (LTM)3 16.5% Reported 16.2% Adjusted2 OP. LEVERAGE4 (Q3/26) (2.5)% Reported 4.2% Adjusted2 CET1 RATIO5 (Q3/26) 13.4%
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An enterprise strategy designed to deliver outperformance 6
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Growing Our Mass Affluent & Private Wealth Franchise Deliver high touch, best-in-class advice, solutions and service for our Mass Affluent & High-Net-Worth clients in Canada and the U.S. Expanding Our Digital-First Personal Banking Capabilities Build a digital-first platform providing all Canadian consumer clients with seamless digital interactions, insights, and personalized advice Delivering Connectivity and Differentiation to Our Clients Deliver our connected franchise to our clients to deepen relationships, grow recurring revenues, and enhance returns Enabling, Simplifying & Protecting Our Bank Enable our business growth priorities while continuing to build a more agile, resilient, and cost-effective CIBC Our Differentiated Enterprise Strategy 7 Our Ambition: A client-focused, connected, and performance-driven bank, delivering industry-leading shareholder returns Our Strategic Priorities
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8 Technology Strategy @ CIBC Enabling sustainable growth, operational resilience, and long-term competitiveness Drive Strategic Business & Client Value Run & Operate with Excellence Leverage CIO alignment model to optimize tech investments and drive business value Cultural transformation through adoption and scaling of data and AI capabilities Harness bold ideas to modernize our technology and ways of working Operate on a stable, secure, agile, and scalable technology foundation Champion Innovation, Data & AI Centralized Enterprise IT Transformation @Scale
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9 AI @ CIBC Generating outcomes through improved client experience, team productivity, defensive capabilities, and an empowered workforce • Timely and actionable client and prospect insights • Personalized product and service offerings • Optimizing and accelerating credit decisions Revenue Generation & Client Experience • Client meeting preparation and summarization tools increasing advisor productivity • Automating routine operational tasks • Improvement in resolution times • Increased coding productivity ex-developers Operational Efficiency • Enhanced fraud detection and credit monitoring • Risk optimization models delivering improved loss outcomes • Proactively safeguarding our systems, blocking potential malicious intrusion Risk Mitigation 63K Documents processed per month 4,000+ Developers with AI capabilities achieving 20% productivity benefits DocuMind KEY HIGHLIGHTS • Rethink how work gets done • Challenge legacy workflows • Maintain responsible AI use Cultural Transformation Over 2x Conversion rates in our savings accounts 21,000+ Daily users
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Financial Performance 10
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Medium-Term Objectives Making progress against our through-the-cycle financial objectives 11 Diluted EPS Growth of 7% - 10% (CAGR3) Return on Equity of 15%+4 (Average) Positive Operating Leverage (Average) Dividend Payout Ratio of 40% - 50% (Average) Fiscal 2025 Medium-Term Objectives1,2 Reported: 9% Adjusted1: 7% Reported: 12.7% Adjusted1: 13.8% Reported5: 2.6% Adjusted1: 1.8% Reported5: 53.6% Adjusted1: 48.1% Reported: 16% Adjusted1: 12% Reported: 13.6% Adjusted1: 14.6% Reported5: 2.3% Adjusted1: 0.8% Reported5: 50.3% Adjusted1: 46.2% 3-Year 5-Year For endnotes, see slides 42-47.
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12 • Remains our top priority • Strong marginal ROEs • Minimizes unproductive goodwill Organic Growth • Track record of successful acquisitions • M&A in capital-light businesses – opportunistic tuck-ins that are strategically and culturally complementary, and accretive to ROE over time • 40-50% target payout ratio4 • Maintained or increased dividend every quarter since inception $14B (30%) $0.7B (1%) $21B (45%) CAPITAL DEPLOYMENT F20 – F26YTD1,5 Dividend Payout Inorganic Growth • Used to deploy excess capital opportunistically • Purchases made systematically with strong governance $6B (12%) Share Buyback 2 3 For additional endnotes, see slides 42-47. Capital Deployment Strategy Our capital deployment priorities are aligned with our enterprise strategy
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Track record of strong financial performance Delivering value for shareholders by driving sustainable growth and profitability1 13 For endnotes, see slides 42-47. Revenue3 ($B) Diluted EPS2,3 ($) Return on Common Shareholders’ Equity3 (%) Efficiency Ratio3 (%) 2023 2024 2025 LTM 23.4 25.6 29.1 32.4 +12% CAGR 23.3 25.6 29.1 32.3 6.73 7.40 8.61 10.24 +13% CAGR 5.17 7.28 8.57 10.41 Reported Reported 13.4 13.7 14.4 16.2+1.0% 10.3 13.4 14.3 16.5Reported 55.8 55.8 54.3 52.8 -1.5% 61.5 56.4 54.4 53.8Reported 2023 2024 2025 LTM 2023 2024 2025 LTM 2023 2024 2025 LTM
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Track record of strong financial performance Underpinned by our balance sheet strength and prudent risk management 14 For endnotes, see slides 42-47. CET1 Ratio1 Liquidity Coverage Ratio1 12.4% 13.3% 13.3% 13.4% +0.9% 2023 2024 2025 Q3/26 135% 129% 132% 127% -3% Q4/23 Q4/24 Q4/25 Q3/26 Total Allowance Coverage Ratio2 Impaired PCL Ratio3 (bps) 0.76% 0.73% 0.80% 0.81% +0.04% 30 32 33 40+3 bps 2023 2024 2025 Q3/26 2023 2024 2025 Q3/26
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Our business segments A diversified franchise driving consistent and profitable growth 15
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Canadian Personal & Business Banking F25 Results1 Helping our clients achieve their ambitions, and delivering sustainable, market-leading performance 16 For endnotes, see slides 42-47. Delivering seamless everyday banking solutions and best-in-class personalized advice to our clients.1 Driving growth in key client segments by leveraging our differentiated front-line team, client engagement platforms and partnerships to acquire new clients and deepen existing relationships. 2 Modernizing infrastructure and simplifying our operations to unlock front-line capacity, enhance client experience across channels and create capacity to reinvest in growth. 3 OUR FOCUS FOR 2026 Banking Centres 987 Employees2 13,827 ROE4 25.0% PPPT3 / NIAT $6.0B / $3.1B YoY +14% / +7% 3% 13% 84% Client Base 7% 38% 55% Revenue 14.0MM $12.0B Business Banking Mass Affluent Clients with Dedicated Advisors5 Other Personal Banking and Simplii
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17 For endnotes, see slides 42-47. Canadian Personal & Business Banking Q3/26 Results Strong earnings growth supported by resilient top-line performance Reported Adjusted1 ($MM) Q3/26 YoY QoQ Q3/26 YoY QoQ Revenue 3,344 9% 5% 3,344 9% 5% Net Interest Income 2,721 11% 5% 2,721 11% 5% Non-Interest Income 623 3% 5% 623 3% 5% Expenses 1,643 8% 5% 1,637 8% 5% PPPT2 1,701 10% 6% 1,707 10% 6% Provision for Credit Losses 427 $(17) $(47) 427 $(17) $(47) Net Income 948 17% 12% 953 17% 12% Loans (Average, $B)3,4 344 2% 1% 344 2% 1% Deposits (Average, $B)4 246 (1)% (0)% 246 (1)% (0)% Net Interest Margin (bps) 316 25 4 316 25 4 Q3/26 YoY Highlights: • Broad-based revenue growth across the portfolio of 9% demonstrates continued franchise momentum • Robust margin expansion of 25 bps benefited from our strategic shift in business mix, pricing discipline, and the prolonged impact of higher rates • Wealth commissions up due to market appreciation and net sales • Expenses up 8%, largely due to higher employee-related costs and higher technology investments to support business growth • Total PCL ratio of 50 bps • Impaired PCL ratio of 46 bps Operating Leverage 7.3% 2.0% 6.0% 4.7% 0.9% 7.2% 2.0% 5.9% 4.8% 0.8% Adjusted1 Efficiency Ratio Adj.1 49.3% Q3/25 50.3% Q4/25 47.1% Q1/26 49.3% Q2/26 49.0% Q3/26 49.6% 50.6% 47.3% 49.5% 49.1%Rpt. Rpt.. Adj.1 291 Q3/25 302 Q4/25 311 Q1/26 312 Q2/26 316 Q3/26 Net Interest Margin (bps) Momentum in Everyday Banking Q3/25 Q3/26 +6% YoY Credit Card Balance (spot) Q3/25 Q3/26 +5% YoY Demand Deposits Balance (spot) Active Digital Users (MM) 8.0 8.5 Q3/25 Q3/26 +6% YoY
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18 For endnotes, see slides 42-47. Digital Trends Growing digital adoption and engagement in Canadian Personal Banking1 DIGITAL ADOPTION RATE2 DIGITAL CHANNEL USAGE (# of Sessions, MM) DIGITAL TRANSACTIONS4 (MM) TRANSACTIONS BY DIGITAL CHANNELS4 DIGITAL SALES6 419 422 430 425 424 Q3/25 Q4/25 Q1/26 Q2/26 Q3/26Q3/25 Q4/25 Q1/26 Q2/26 Q3/26 87.9% 88.4% 88.8% 88.5% 90.0% 92 93 95 93 97 18 17 17 17 17 80 80 80 81 85 Q3/25 Q4/25 Q1/26 Q2/26 Q3/26 190 191 191 191 200 Other5 Bill Payments eTransfers Q3/25 Q4/25 Q1/26 Q2/26 Q3/26 42.5% 44.9% 48.3% 44.8% 44.5%4.5% 95.5% Q3/25 4.2% 95.8% Q4/25 4.0% 96.0% Q1/26 4.1% 95.9% Q2/26 4.0% 96.0% Q3/26 Non-Digital Channel Digital Channel ACTIVE DIGITAL BANKING USERS3 (MM) 8.0 8.1 8.2 8.1 8.5 Q3/25 Q4/25 Q1/26 Q2/26 Q3/26
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14% 47% 39% Revenue $6.9B Canadian Commercial Banking & Wealth Management F25 Results1 Becoming Canada’s leader in financial services and advice to commercial and high-net-worth clients 19 For endnotes, see slides 42-47. Employees2 6,190 PPPT3 $3.4B YoY +14% ROE4 23.6% NIAT $2.3B YoY +13% Deepening client relationships and increasing connectivity.1 Focusing on high-growth segments, while investing in our capabilities.2 Empowering teams with improved technology, processes and data. 3 OUR FOCUS FOR 2026 Asset Management Private Wealth Commercial Banking Total Wealth Management 47% 53% Wealth Management $597B Asset Management AUM5 Private Wealth AUA 5 50% 50% Commercial Banking $206B Loans6,7 Deposits6
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20 For endnotes, see slides 42-47. Canadian Commercial Banking & Wealth Management Q3/26 Results PPPT strength reflects robust volume growth and market appreciation Reported & Adjusted1 ($MM) Q3/26 YoY QoQ Revenue 2,037 18% 6% Net Interest Income 872 16% 5% Non-Interest Income 1,165 20% 7% Expenses 1,037 18% 8% PPPT2 1,000 18% 4% Provision for Credit Losses 145 $124 $24 Net Income 619 4% 1% Commercial Banking Revenue 752 11% 3% Wealth Management Revenue 1,285 23% 8% Loans (Average, $B)3,4 117 7% 2% Deposits (Average, $B)4 126 8% 2% Net Interest Margin (bps) 311 22 (1) Q3/26 YoY Highlights: • Broad-based client activity drove margin expansion, higher fee-based revenue, and increased new issuances • Commercial banking volumes resilient, with loans up 7% and deposits up 8% • Fees up due to market appreciation and net sales • Ranked 2nd among Big 6 banks7 in retail mutual fund long-term net sales, and 1st in long-term net sales as a % of AUM • AUA up 21% • Expenses up 18%, primarily due to higher performance-based and other employee-related compensation, as well as increased technology investments and strategic initiatives • Total PCL ratio of 52 bps • Impaired PCL ratio of 47 bps 295 Q3/25 317 Q4/25 330 Q1/26 342 Q2/26 360 Q3/26 552 597 614 638 670 AUM YoY | QoQ +21% +5% +22% +5% Assets Under Administration ($B)5,6 YoY | QoQ +7% +2% +8% +2% 105 102 Q3/25 107 105 Q4/25 108 110 Q1/26 110 108 Q2/26 112 110 Q3/26 Avg. Loans Avg. Deposits Commercial Banking Loans and Deposits ($B)3,4 289 Q3/25 296 Q4/25 310 Q1/26 312 Q2/26 311 Q3/26 Net Interest Margin (bps)
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U.S. Commercial Banking & Wealth Management F25 Results1 (US$) Providing relationship-oriented banking for businesses and high-net-worth clients in key U.S. markets 21 For endnotes, see slides 42-47. 31% 69% Revenue $2.3B Clients2 121,000+ Offices 26 ROE5 8.4% PPPT3 / NIAT $1.0B / $0.7B YoY (Rpt.) +19% / +86% YoY (Adj.4) +8% / +57% Expanding Private Wealth Management with a focus on strategic relationships.1 Growing Commercial Banking by delivering the full connected capabilities of our bank, industry expertise and deepening client relationships. 2 Investing in people, technology and infrastructure to further scale our platform, drive connectivity and enhance data-driven decisioning. 3 OUR FOCUS FOR 2026 Wealth Management Commercial Banking 86% 10% 4% Wealth Management 47% 53% Commercial Banking $101B $70B AUM7 Deposits Loans Funds Managed6
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22 For endnotes, see slides 42-47. U.S. Commercial Banking & Wealth Management Q3/26 Results Solid performance benefited from strong volumes and lower PCLs Reported Adjusted1 (US$MM) Q3/26 YoY QoQ Q3/26 YoY QoQ Revenue 618 7% 3% 619 7% 3% Net Interest Income 435 9% 3% 435 9% 3% Non-Interest Income 183 3% 3% 184 4% 3% Expenses 343 5% 0% 342 6% 0% PPPT2 275 10% 7% 277 10% 7% Provision for Credit Losses (23) $(37) $(39) (23) $(37) $(39) Net Income 228 23% 20% 229 22% 20% Commercial Banking Revenue 442 9% 3% 442 9% 3% Wealth Management Revenue 176 2% 3% 177 3% 4% Loans (Average, US$B)3,4 46 9% 3% 46 9% 3% Deposits (Average, US$B)4 45 8% (0)% 45 8% (0)% Net Interest Margin (bps) 376 (2) (14) 376 (2) (14) Q3/26 YoY Highlights: • Sustained organic momentum driving revenue growth • Revenue up 7% YoY, driven by strong balance sheet growth and broad- based fee income growth • Commercial loans and deposits up 9% and 14%, respectively • AUM growth driven by market appreciation • Expenses up 6%, driven by ongoing investment in technology enablement and growth initiatives • Total PCL ratio of (20) bps • Impaired PCL ratio of 23 bps • Performing PCL ratio of (43) bps • Largely due to an allowance release related to a sale of a number of commercial real estate loans 88 Q3/25 92 Q4/25 93 Q1/26 95 Q2/26 97 Q3/26 108 112 114 118 121 AUM YoY | QoQ +12% +2% +10% +2% Assets Under Administration (US$B)5,6 YoY | QoQ +9% +3% +14% +1% 37 30 Q3/25 37 31 Q4/25 38 33 Q1/26 40 34 Q2/26 41 34 Q3/26 Avg. Loans Avg. Deposits Commercial Banking Loans and Deposits ($B)3,4 378 Q3/25 384 Q4/25 401 Q1/26 390 Q2/26 376 Q3/26 Net Interest Margin (bps)
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Capital Markets F25 Results1 Delivering innovative solutions by providing best-in-class insight and advice, leveraging our differentiated platform capabilities 23 For endnotes, see slides 42-47. 35% 65% Business Mix $6.1B Employees2 2,011 PPPT3 $3.3B YoY +42% ROE4 22.1% NIAT $2.3B YoY +40% Maintaining our focused approach to client coverage in Canada.1 Growing our North American platform by further expanding our U.S. reach and broadening the services offered to clients. 2 Strengthening our connectivity, technology and innovation efforts to bring more of our bank’s offering to our clients 3 OUR FOCUS FOR 2026 Corporate & Investment Banking Global Markets 16% 46% 38% Client Segment $6.1B Personal, Wealth & Commercial Corporate Origination Institutional & Trading 11% 35% 53% Geography $6.1B Rest of World U.S. Canada Revenue Breakdown
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24 5. See note 1 in the Glossary section; For additional endnotes, see slides 42-47. Capital Markets Q3/26 Results Revenue growth fueled by client activity in Global Markets Global Markets and Corporate & Investment Banking Revenue ($MM)6 Q3/26 YoY Highlights: • Client momentum across the franchise, supported by constructive markets, contributed to 22% revenue growth • Global Markets revenue up 33% on strength in equity-related businesses • Corporate and investment banking revenue up 8% on stronger client lending and transaction banking deposit volumes • Expenses up 19%, driven by higher employee-related costs and technology investments to support business growth • Total PCL ratio of 13 bps • Impaired PCL ratio of 25 bps Reported & Adjusted1 ($MM) Q3/26 YoY QoQ Revenue 1,834 22% (2)% Non-Trading Net Interest Income 504 18% 4% Non-Trading Non-Interest Income 532 5% 4% Trading Revenue5 798 40% (8)% Expenses 857 19% 6% PPPT2 977 24% (8)% Provision for Credit Losses 28 $(48) $43 Net Income 722 34% (9)% Loans (Average, $B)3,4 84 17% 3% Deposits (Average, $B)4 137 32% 8% 840 666 Q3/25 825 698 Q4/25 1,253 764 Q1/26 1,174 694 Q2/26 1,118 716 Q3/26 YoY | QoQ +33% (5)% +8% 3% Global Markets Revenue Corporate & Investment Banking Revenue YoY | QoQ +40% (8)% Trading Revenue5 (Total Bank) Interest Rates 16% Foreign Exchange 30% Equities 47% Q3/26 $794MM Commodities 7% NIAT and RWA as % of Total Bank NIAT RWA 29% 26% NIAT RWA 23% 27% CIBC7 Peer Average8
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U.S. Region Diversified footprint across the U.S. with strong presence in the Midwest 25 Our U.S. Businesses • Commercial Banking: high-touch coverage model offering real estate financing, mid-market commercial banking solutions, and specialized industry knowledge • Wealth Management: Private Wealth and Private Banking offering targeting high-net-worth and ultra-high-net-worth households • Capital Markets: provides global markets and corporate & investment banking capabilities in select areas of strength • Innovation Banking: tailored financing solutions and banking services for entrepreneurs and investors in the innovation economy Seattle San Francisco Menlo Park Newport Beach Denver Austin Houston Dallas Tampa West Palm Miami Kansas City Des Moines Minneapolis St. Louis Atlanta Milwaukee CHI IND Grand Rapids DET CLE PIT Boston New York Wilmington Washington, DC Charlotte Reston Our U.S. Footprint
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Risk Overview 26
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Loan Portfolio is Highly Diversified Lending portfolio has a strong risk profile and is well diversified 27 $611B Q3/26 Overall Loan Mix (Net Outstanding Loans and Acceptances) 3% 10% 10% HELOC Cards 2% Auto Lending3% Personal Lending2% Retailers Commercial Real Estate Financial Institutions Other Business & Government 3% 47% 4% 16% Consumer 59% Business & Government 41% Real Estate Secured Lending FI Lending 5Y Net Charge-Off Ratio: 0.05% Spotlight: Private Credit Exposure Private Credit Collateral Characteristics >2,000 Unique Obligors >25 Industries Private Credit $17B $200MM+ Average EBITDA <60% Weighted average LTV ratio <$1B BDC exposure ~80 Obligors per portfolio $63BOther Collateralized Finance $10B Capital Call Facilities $16B Traditional Lending $20B Business Services • Lending to loan warehouses of private credit funds and Business Development Companies (BDCs) that are collateralized by the loans made to end borrowers • Secured loans benefiting from conservative advance rates, backed by diversified pools of collateral with strong risk mitigants such as asset approval rights, cross-collateralization, and performance triggers • Private credit exposure is limited to under 3% of our total bank loans. • Exposure most sensitive to tariffs represents less than 1% of our total bank loans.
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28 For endnotes, see slides 42-47. Canadian Real Estate Secured Personal Lending Mortgage delinquencies performing in line with expectations Mortgage Balances ($B; principal)HELOC Balances ($B; principal) 90+ Days Delinquency Rates3 Q3/25 Q2/26 Q3/26 Total Mortgages 0.36% 0.47% 0.51% Insured Mortgages 0.33% 0.41% 0.44% Uninsured Mortgages 0.37% 0.48% 0.52% Uninsured Mortgages in GVA2 0.36% 0.47% 0.53% Uninsured Mortgages in GTA2 0.44% 0.61% 0.66% 2 222 Canadian Uninsured Mortgage Loan-To-Value1 Ratios 2 2 • Portfolio average Loan-To-Value (LTV) ratio continues to remain healthy • Condominium mortgages account for 17% of our total residential mortgage portfolio, with a 16% insured mix. This segment continues to perform better than the broader portfolio 33 33 33 93 93 93 146 149 149 272 275 275 Q3/25 Q2/26 Q3/26 GVA GTA Other Region 55% 57% 58% 58% 49% 50% 52% 53% 58% 60% 62% 62% Q4/25 Q1/26 Q2/26 Q3/26 Canada GVA GTA 2.6 2.7 2.7 6.6 6.6 6.6 10.6 10.4 10.5 19.8 19.7 19.8 Q3/25 Q2/26 Q3/26 GVA GTA Other Region
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29 For endnotes, see slides 42-47. Canadian Mortgages Renewal Profile – FY26 and FY27 Outlook Impacts of payment increases at renewal expected to be minimal • Using illustrative 4.0% and 4.5% mortgage rates at time of renewal, and no borrower income growth since origination, average mortgage payment increases are forecasted to be less than 1.8% of clients’ income • Low loan-to-value of renewal mortgages ranging from 56% to 62% over the next five quarters • Proactive outreach included a number of initiatives throughout the years to help our clients through the higher-interest rate environment • At today’s rates, most accounts to be renewed in Q3/27 and onwards are expected to have either lower or relatively flat monthly payment requirements Current Balances by Renewal Quarter1 ($B) Variable Rate Fixed Rate 4% Interest Rate 4.5% Interest Rate Average Customer Profile by Renewal Quarter FY26Q4 FY27Q1 FY27Q2 FY27Q3 FY27Q4 Original qualification rate2 5.3% 5.5% 5.4% 5.7% 5.9% Current LTV 56% 58% 59% 62% 61% Monthly payment increase $151 $95 $94 -$29 -$69 % of monthly payment increase 7% 4% 4% -2% -3% Payment increase as % of total income at origination 1.1% 0.7% 0.7% -0.2% -0.5% Monthly payment increase $243 $186 $189 $71 $30 % of monthly payment increase 11% 8% 8% 2% 1% Payment increase as % of total income at origination 1.8% 1.4% 1.4% 0.5% 0.2% 46% 47% 53% 64% 70% 54% 53% 47% 36% 30%13 16 20 22 17 FY26Q4 FY27Q1 FY27Q2 FY27Q3 FY27Q4
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30 For endnotes, see slides 42-47. Commercial Real Estate Q3/26 Commercial real estate loans outstanding are well diversified • 60% of drawn loan investment grade • 55% of drawn loan investment grade Canadian Commercial Real Estate Loans Outstanding by Sector3 U.S. Commercial Real Estate Loans Outstanding by Sector4,5 • 60% of drawn loan investment grade • 55% of drawn loan investment grade • Canada represents 64% of total Canadian & U.S. real estate loans outstanding • Gross impaired loans as a percentage of total Canadian & U.S. real estate is 0.47% • Overall, the multi-family portfolio benefits from solid underlying fundamentals • Condominium developer loans represent less than 1% of our total loan portfolio Multi-Family Portfolio Metrics Canada US Total outstanding ($B) C$13.6 US$5.4 Weighted Average LTV1 61% 55% Watchlist2 Loan Ratio 0.4% 6.6% Gross Impaired Loan Ratio <0.1% 0% Annualized Net Charge-off Ratio 0% 0.2% Investment Grade Mix of Drawn Loans 72% 58%
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31 For endnotes, see slides 42-47. Interest Rate Sensitivity Effective interest rate risk management 68 (161) 110 (69) 177 (230) 44 (133) 133 (97) 177 (230) Long-term Short-termCAD USD 5YR CAD Swap – Average (%) 0.0 1.0 2.0 3.0 4.0 5.0 Q3/26 Q3/27 Q3/28 Q3/29 Q3/30 Q3/31 Roll-On (Proxy) Roll-Off (Proxy) NET INTEREST INCOME SENSITIVITY TO A +/- 100 BPS CHANGE1 ($MM) Impact by Currency Long-Term vs. Short-Term Rates INTEREST RATE ENVIRONMENT2 Canada and U.S. Central Bank and Swap Rates (%) Actuals Implied Forwards
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Economic Outlook & Overview 32
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33 For endnotes, see slides 42-47. Snapshot of the Canadian economy Economic Indicators (%)2,3 Canada United States (U.S.) 2025A2 2026F2 2027F2 2025A2 2026F2 2027F2 Real GDP Growth 1.9 0.7 2.0 2.1 2.0 1.9 Inflation 2.1 2.7 1.7 2.7 3.4 2.0 Unemployment Rate 6.8 6.8 6.2 4.3 4.4 4.3 Canada’s GDP by Province / Territory6 (%) Geographical GDP distribution continues to demonstrate that Canada’s economy is well diversified Interest Rate Forecast (%)4,5 September 20265 December 20265 December 20275 September 20265 December 20265 December 20275 Overnight target rate (Canada)/Federal funds rate (midpoint) (U.S.) 2.25 2.25 2.75 3.625 3.625 3.125 Key Metrics and CIBC Economics Forecasts1 Canada: Key Facts Population7 41.4 MM GDP (Market Prices)8 CAD 3,322 BN GDP per capita9 CAD 80,092 Labour Force10 22.6 MM Provinces / Territories 10 / 3 2025 Transparency International Corruption Perception Index Ranked 16 th globally Economist Intelligence Unit (2024-2028) Best business environment: ranked 3 rd among G7; 6th – globally11 Canada Sovereign Credit Ratings (M/S&P/F/DBRS) • Moody’s Aaa • S&P AAA • Fitch AA+ • DBRS AAA AB 15.6 % SK 3.6 % MB 3.1 % ON 38.7 % QC 19.5 % NB 1.6 % BC 13.8 % PEI 0.3% NT 0.2% NU 0.2% YT 0.1% NS 2.0% NL 1.3%
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Canadian economic indicators demonstrate resilience and performance 34 For endnotes, see slides 42-47. • Canada’s unemployment rate to stabilize near current levels over the remainder of 2026 with slower population growth and expected GDP growth just under 1% for 2026 as a whole. • CPI rose 3.0% year over year in July 2026, up from a 2.8% increase in June 20261. • CIBC expect the Bank of Canada to keep its target rate on hold at 2.25% through 2026 in order to support interest-sensitive demand. Unemployment Rate (%)2,3 Canadian Inflation Has Tracked the U.S.2
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Canadian economic indicators demonstrate resilience and performance 35 For endnotes, see slides 42-47. • Well diversified services-driven economy, with several key industries including finance, manufacturing, services and real estate • Following the 2007-2008 global recession, diversification had been a stabilizing factor and has led to strong economic performance relative to other industrialized nations • Well diversified services-driven economy, with several key industries including finance, manufacturing, services and real estate • Following the 2007-2008 global recession, diversification had been a stabilizing factor and has led to strong economic performance relative to other industrialized nations Monthly GDP (May 2026)1 GDP Indexed to 2007 (%)2
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36 Canadian house price growth has normalized For endnotes, see slides 42-47. • Absolute price level is moderate compared to major global urban centers • Canadian debt to income ratio in line with many developed nations • Growth rates of house prices in Canada have converged across regions Average Home Price (in $000’s) Region CAD1 USD Eq.2 YoY % Change3 Canada 675 478 (3.2)% Toronto 935 663 (5.8)% Vancouver 1089 772 (5.2)% Calgary 573 406 (1.6)% Montreal 590 418 2.4% Ottawa 634 450 (1.6)% Housing Index Year over Year Change, by City5 Household Debt to Income Ratio4
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37 Mortgage market supported by strong fundamentals Canadian mortgages consistently outperform U.S. and U.K. mortgages • Low defaults and arrears reflect the strong Canadian credit culture • Mortgage interest is generally not tax deductible, resulting in an incentive for mortgagors to limit their amount of mortgage debt • In most provinces, lenders have robust legal recourse to recoup losses Canada has one of the highest urbanization rates in the G7 • Over 45% of the Canadian population lives in one of the four largest cities • A greater rate of urbanization is a strong contributor to increases in property values For endnotes, see slides 42-47. Population in Top Four Cities2 2.96% 1.07% 0.98% -0.47% 0.33% Average Annual Population Growth (2014-2024)3 Mortgage Arrears by Number of Mortgages1
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Capital, Funding & Liquidity 38
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39 For endnotes, see slides 42-47. Capital and Liquidity Capital and liquidity remain strong, supporting share buybacks $B Q3/25 Q2/26 Q3/26 Average Loans and Acceptances1 576.3 597.8 608.6 Average Deposits1 794.4 829.4 853.7 CET1 Capital2 46.6 48.7 49.5 CET1 Ratio 13.4% 13.6% 13.4% Risk-Weighted Assets (RWA)2 347.7 358.4 369.3 Leverage Ratio2 4.3% 4.3% 4.3% Liquidity Coverage Ratio (average)2 127% 131% 127% HQLA (average)2 200.5 204.5 211.1 Net Stable Funding Ratio2 115% 114% 113% Capital Position • CET1 ratio of 13.4%, down 19 bps from prior quarter • Bought back 7.5MM shares in the quarter • Strong net internal capital generation CET1 Ratio RWA ($B) 6.5 0.5 3.9 Q2/26 Credit Risk (excl. FX) Market & Operational Risk FX Q3/26 358.4 369.3 Q2/26 Earnings Net of Dividends RWA Growth NCIB3 Other (incl. CIBC Caribbean and &Partners)4 Q3/26 13.6% 43 bps (21) bps (33) bps (8) bps 13.4% 7.5MM shares
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Funding & Liquidity1 A well-diversified, high-quality, client-driven balance sheet 40 For endnotes, see slides 42-47. Assets Cash & Repos Trading & Investment Securities Residential Mortgages2 Other Retail Loans Corporate Loans Other Assets3 40% Liquid Assets 52% Loan Portfolio 7% Mainly Derivatives $1,178B 131% Coverage (Liquid Assets / Wholesale Funding) 120% Coverage (Deposits + Capital / Loans) Liabilities & Equity Unsecured Funding Secured Funding4 Personal Deposits Business & Gov’t Deposits Securitization & Covered Bonds Other Liabilities3 31% Wholesale-sourced Funding 63% Capital + Client-related Funding 7% Mainly Derivatives Capital5
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Glossary 41 Definition 1 Trading Revenue Trading activities includes those that meet the risk definition of trading for regulatory capital and trading market risk management purposes as defined in accordance with the OSFI’s CAR Guideline that became effective on November 1, 2023 and in accordance with OSFI's Capital Adequacy Guideline. Trading revenue comprises net interest income and non-interest income. Net interest income arises from interest and dividends related to trading assets and liabilities other than derivatives and is reported net of interest expense and income associated with funding these assets and liabilities. Non-interest income includes unrealized gains and losses on security positions held, and gains and losses that are realized from the purchase and sale of securities. Non-interest income also includes realized and unrealized gains and losses on trading derivatives. Trading revenue includes the impact of funding valuation adjustments and related hedges, which are not considered trading activities for regulatory purposes. Trading revenue excludes underwriting fees and commissions on securities transactions, which are shown separately in the consolidated statement of income. Trading activities and related risk management strategies can periodically shift income between net interest income and non-interest income. Therefore, we view total trading revenue as the most appropriate measure of trading performance.
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42 Endnotes Slide 5 – A leading, well-diversified North American Financial Institution 1. Full-time equivalent employees (FTE) for CIBC. 2. Adjusted results are non-GAAP measures. see slide 49-50 for further details. 3. Last twelve months (LTM) results as of July 31, 2026 (Q3/26). 4. For additional information on the composition, see the "Glossary" section in the Q3/26 Quarterly Report to Shareholders, available on SEDAR+ at www.sedarplus.com. 5. Calculated pursuant to Office of the Superintendent of Financial Institutions (OSFI) Capital Adequacy Requirements (CAR) Guideline, which is based on Basel Committee on Banking Supervision (BCBS) standards. 6. As at July 31, 2026. The total return earned on an investment in CIBC’s common shares. The return measures the change in shareholder value, assuming dividends paid are reinvested in additional shares. 7. Net income (loss) attributable to equity shareholders. 8. Corporate & Other not shown, and as a result, the chart may not add to 100%. 9. Reflects the business line regional breakdown of revenue based on our management reporting view rather than the legal entity location where the results are recorded. 10. Includes revenue from U.S. Commercial Banking & Wealth Management, and revenue from Capital Markets operations in the U.S. 11. Moody’s Long-Term Deposit and Counterparty Risk Assessment Rating; S&P issuer Credit Rating; Fitch Long-Term Deposit Rating and Derivative Counterparty Rating; DBRS Long-Term Issuer Rating as at Q3/26. 12. Subject to conversion under the bank recapitalization “bail-in” regime. Slide 11 – Medium-Term Objectives 1. Based on adjusted measures. Adjusted measures are non-GAAP measures. see slide 49-50 for further details. 2. Medium-term targets are defined as through-the-cycle, which is currently defined as three to five years, assuming a normal business environment and credit cycle. 3. The 3-year compound annual growth rate (CAGR) is calculated from 2022 to 2025 and the 5-year CAGR is calculated from 2020 to 2025. On April 7, 2022, CIBC shareholders approved a two-for-one share split (Share Split) of CIBC’s issued and outstanding common shares. Each shareholder of record at the close of business on May 6, 2022 (Record Date) received one additional share on May 13, 2022 (Payment Date) for every one share held on the Record Date. All common share numbers and per common share amounts have been adjusted to reflect the Share Split as if it was retroactively applied to the beginning of 2022. 4. Beginning in 2025, the adjusted ROE target is revised to 15%+ through-the-cycle. 5. For additional information on the composition, see the "Glossary" section in the Q3/26 Quarterly Report to Shareholders,available on SEDAR+ atwww.sedarplus.com.
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43 Endnotes Slide 12 – Capital Deployment Strategy 1. Does not include Common Equity Tier 1 “CET1” Accretion and may not total to 100% due to rounding. CET1 accretion refers to capital deployed to support CET1 ratio growth from F19 (11.6%) to F26YTD (13.4%). CET1 accretion represents 12% of total capital deployment. 2. Capital deployment for organic growth is measured as capital deployed to support RWA growth (excluding acquisition date RWA increases and changes in FX since October 31, 2019) and capitalized technology software investment (net of related deferred tax liabilities) from F20-F26YTD. 3. Capital deployment for inorganic growth is measured as capital deployment to support acquisition date increases in RWAs and capital deductions (primarily related to goodwill and intangible assets, after netting related deferred tax liabilities) for material transactions (including the impact of Canadian Costco credit card portfolio and Wellington Financial acquisitions). 4. Based on adjusted measures. see slide 49-50 for further details. 5.Year-to-date (YTD) results as of July 31, 2026 (Q3/26). Slide 13 – Track record of strong financial performance 1. Last twelve months (LTM) results as of July 31, 2026 (Q3/26). 2. All per common share amounts reflect the two for one common share split effective May 13, 2022, and prior periods have been restated for comparative purposes. 3. Adjusted results are non-GAAP measures. see slide 49-50 for further details. Slide 14 – Track record of strong financial performance 1. Capital ratios are calculated pursuant to the OSFI's CAR Guideline, and the liquidity coverage ratio is calculated pursuant to OSFI’s Liquidity Adequacy Requirements (LAR) Guideline, all of which are based on the Basel Committee on BCBSstandards. For additional information, see the “Capital management” and “Liquidity risk” sectionsin the Q3/26 Quarterly Report to Shareholders, available on SEDAR+ atwww.sedarplus.com. 2. Total allowance for credit losses to gross carrying amount of loans. The gross carrying amount of loans include certain loans that are measured at fair value through profit or loss (FVTPL). 3. Provision for (reversal of) credit losses on impaired loans to average loans and acceptances, net of allowance for credit losses. Slide 16 – Canadian Personal & Business Banking FY25 Results 1. All figures based on F25 results or spot data as of October 31, 2025, unless otherwise stated. Certain prior period information has been restated. See the “External reporting changes” section in the 2025 Annual Report to Shareholders, available on SEDAR+ atwww.sedarplus.com. 2. Full-time equivalent employees. 3. Pre-provision, pre-tax earnings (PPPT) is revenue net of non-interest expenses and is a non-GAAP measure. see slide 49-50 for further details. 4. For additional information on the composition of this specified financial measure, see the "Non-GAAP measures" section in the Q3/26 Quarterly Report to Shareholders, available on SEDAR+ at www.sedarplus.com. 5. Personal Banking clients with dedicated advisors.
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44 Endnotes Slide 17 – Canadian Personal & Business Banking Q3/26 Results 1. Adjusted results are non-GAAP measures. see slide 49-50 for further details. 2. Pre-provision, pre-tax earnings is revenue net of non-interest expenses and is a non-GAAP measure. see slide 49-50 for further details. 3. Loan amounts are stated before any related allowances. 4. Average balances are calculated as a weighted average of daily closing balances. Slide 18 – Digital Trend 1. Based on spot balances as at July 31 for the respective periods. 2. 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. 3. Active Digital Users represent the 90-day active clients in Canadian Personal Banking. 4. Reflects financial transactions only. 5. Other includes transfers and eDeposits. 6. Reflects applications initiated in a digital channel, and core retail (acquisition) sales units only, which cover Deposits, Cards and Lending (excluding auto loans). Slide 19 – Canadian Commercial Banking & Wealth Management FY25 Results 1. All figures based on F25 results or spot data as of October 31, 2025, unless otherwise stated. Certain prior period information has been restated. See the “External reporting changes” section in the 2025 Annual Report to Shareholders, available on SEDAR+ atwww.sedarplus.com. 2. Full-time equivalent employees. 3. Pre-provision, pre-tax earnings (PPPT) is revenue net of non-interest expenses and is a non-GAAP measure. see slide 49-50 for further details. 4. For additional information on the composition of this specified financial measure, see the "Non-GAAP measures" section in the Q3/26 Quarterly Report to Shareholders, available on SEDAR+ at www.sedarplus.com. 5. Based on spot; Assets under management (AUM) amounts are included in the amounts reported under assets under administration (AUA). For additional information on the composition, see the "Glossary" section in the Q3/26 Quarterly Report to Shareholders, available on SEDAR+ at www.sedarplus.com. 6. Average balances are calculated as a weighted average of daily closing balances. 7. Loans are stated before any related allowances; include loans and acceptances and notional amount of letters of credit. Slide 20 – Canadian Commercial Banking & Wealth Management Q3/26 Results 1. Adjusted results are non-GAAP measures. see slide 49-50 for further details. 2. Pre-provision, pre-tax earnings is revenue net of non-interest expenses and is a non-GAAP measure. see slide 49-50 for further details. 3. Comprises loans and acceptances and notional amount of letters of credit. Loan amounts are stated before any related allowances. 4. Commercial Banking only. Average balances are calculated as a weighted average of daily closing balances. 5. Assets under management (AUM) are included in assets under administration (AUA). 6. For additional information on the composition, see the "Glossary" section in the Q3/26 Quarterly Report to Shareholders, available on SEDAR+ at www.sedarplus.com. 7. YTD market share growth for long-term retail mutual fund net sales (absolute dollars), standing out of Big 6 banks, per IFIC as of June 2026 (spot balance).
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45 Endnotes Slide 21 – U.S. Commercial Banking & Wealth Management FY25 Results (US$) 1. All figures based on F25 results or spot data as of October 31, 2025, unless otherwise stated. Certain prior period information has been restated. See the “External reporting changes” section in the 2025 Annual Report to Shareholders, available on SEDAR+ atwww.sedarplus.com. 2. U.S. Commercial Banking and Wealth Management clients at the household level. 3. Pre-provision, pre-tax earnings (PPPT) is revenue net of non-interest expenses and is a non-GAAP measure. see slide 49-50 for further details. 4. Adjusted results are non-GAAP measures. see slide 49-50 for further details. 5. For additional information on the composition of this specified financial measure, see the "Non-GAAP measures" section in the Q3/26 Quarterly Report to Shareholders,available on SEDAR+ at www.sedarplus.com. 6. Based on spot; Funds Managed includes U.S. Commercial Banking and Wealth Management Loans & Acceptances (gross of allowances), deposits and assets under management (AUM) distributed in U.S. Commercial Banking and Wealth Management channels. We believe that funds managed provides the reader with a better understanding of how management assesses the size of our total client relationships. 7. Based on spot; Assets under management (AUM) amounts are included in the amounts reported under assets under administration (AUA). For additional information on the composition, see the "Glossary" section in the Q3/26 Quarterly Report to Shareholders, available on SEDAR+ at www.sedarplus.com. Includes certain Canadian Commercial Banking and Wealth Management assets that U.S. Commercial Banking and Wealth Management provides sub-advisory services for. Slide 22 – U.S. Commercial Banking & Wealth Management Q3/26 Results 1. Adjusted results are non-GAAP measures. see slide 49-50 for further details. 2. Pre-provision, pre-tax earnings is revenue net of non-interest expenses and is a non-GAAP measure. see slide 49-50 for further details. 3. Comprises loans and acceptances and notional amount of letters of credit. Loan amounts are stated before any related allowances. 4. Average balances are calculated as a weighted average of daily closing balances. 5. Assets under management (AUM) are included in assets under administration (AUA). Includes certain Canadian Commercial Banking and Wealth Management assets that U.S. Commercial Banking and Wealth Management provides sub-advisory services for. 6. For additional information on the composition, see the "Glossary" section in the Q3/26 Quarterly Report to Shareholders, available on SEDAR+ at www.sedarplus.com. Slide 23 – Capital Markets FY25 Results 1. All figures based on F25 results or spot data as of October 31, 2025, unless otherwise stated. Certain prior period information has been restated. See the “External reporting changes” section in the 2025 Annual Report to Shareholders, available on SEDAR+ atwww.sedarplus.com. 2. Full-time equivalent employees. 3. Pre-provision, pre-tax earnings (PPPT) is revenue net of non-interest expenses and is a non-GAAP measure. see slide 49-50 for further details. 4. For additional information on the composition of this specified financial measure, see the "Non-GAAP measures" section in the Q3/26 Quarterly Report to Shareholders,available on SEDAR+ at www.sedarplus.com. Slide 24 – Capital Markets Q3/26 Results 1. Adjusted results are non-GAAP measures. see slide 49-50 for further details. 2. Pre-provision, pre-tax earnings is revenue net of non-interest expenses and is a non-GAAP measure. see slide 49-50 for further details. 3. Loan amounts are before any related allowances. 4. Average balances are calculated as a weighted average of daily closing balances. 6. Effective Q1/26, our foreign exchange and payments business, previously reported within Global markets, has been realigned to Corporate and investment banking. Prior period amounts have been restated. 7. Q3/26 LTM 8. Q2/26 LTM
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46 Endnotes Slide 28 – Canadian Real Estate Secured Personal Lending 1. LTV ratios for residential mortgages are calculated based on weighted average. See page 34 of Q3/26 report to shareholders, available on SEDAR+ at www.sedarplus.com for further details. 2. GVA and GTA definitions based on regional mappings from Teranet. 3. Total mortgages, insured mortgages, and uninsured mortgages include multi-family mortgages while the categories of uninsured mortgages in GVA and GTA exclude multi-family mortgages as of Q3/25. Slide 29 – Canadian Mortgages Renewal Profile – FY26 and FY27 Outlook 1. Excludes third party mortgages which were not originated by CIBC. 2. Based on average original qualification rate of all cohorts. Slide 30 – Commercial Real Estate Q2/26 1. Excludes accounts with no LTV. 2. Watchlist is classified as loans CCC+ to C by S&P Global Rating Standards. 3. Includes $8.0B in Multi Family that is reported in residential mortgages in the Supplementary Financial Information package. 4. Includes US$0.7B in loans that are reported in other industries in the Supplementary Financial Information package but are included here because of the nature of the security. 5. Other includes Commercial with CRE Repayment, Land, Student Housing, and Mixed Use. 6. Effective Q3/25, investment grade rating mix is calculated based on borrower ratings, as opposed to facility ratings in the prior quarters. Slide 31 – Interest Rate Sensitivity 1. A number of assumptions are used to measure Structural Interest Rate Sensitivity. For additional information, see the “Market risk” non-trading activities section in the Q3/26 Quarterly Report to Shareholders, available on SEDAR+ at www.sedarplus.com. 2. Source: Bloomberg, July 31, 2026 Slide 33 – Economic Outlook 1. This slide contains forward looking-statements. Refer to Forward Looking Statements on slide 1. 2. Data is real % change, seasonally adjusted annual rate, unless otherwise noted. 3. Source: CIBC Economics. Estimates as of June 2nd, 2026. 4. Source: CIBC Economics. Estimates as of June 24th, 2026. 5. Data is end of period. 6. Percentage may not add up to 100% due to rounding. 7. Source: Statistics Canada. Table 17-10-0009-01 Population estimates, quarterly 8. Source: Statistics Canada. Table 36-10-0104-01 Gross domestic product, expenditure-based, Canada, quarterly (x 1,000,000) 9. Source: Statistics Canada, tables 36-10-0104-01 and 17-10-0009-01 10. Source: Statistics Canada. Table 14-10-0287-01 Labour force characteristics, monthly, seasonally adjusted and trend-cycle, last 5 months 11. Source: Economist Intelligence Unit, 2024 (2024-2028).
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47 Endnotes Slide 34 – Canadian economic indicators demonstrate resilience and performance 1. Source: Statistics Canada Canadian Economic Tracker Dashboard 2. Source: CIBC Economics 3. Source: Statistics Canada; U.S. Bureau of Labor Statistics, April 2026. Certain groups of people in Canada are counted as unemployed but are deemed as not participating in the labour force in the U.S. – e.g. job seekers who only looked at job ads, or individuals not able to work due to family responsibilities. Slide 35 – Canadian economic indicators demonstrate resilience and performance 1. Source: Statistics Canada. Table 36-10-0402-02; Percentages may not add up to 100% due to rounding 2. Source: IMF, World Economic Outlook Database, April 2026 . Slide 36 – Canadian house price growth has normalized 1. Source: CREA, July 2026. 2. 1 USD = 1.4107 CAD 3. Source: Teranet – National Bank House Price Index. 4. Source: OECD. Household debt ratios across countries can be significantly affected by different institutional arrangements, among which tax regulations regarding tax deductibility of interest payments. 5. Source: Bloomberg, Teranet – National Bank House Price Index, July 2026 Slide 37 – Mortgage market supported by strong fundamentals 1. Source: UK Finance, CBA, MBA. *Mortgage arrears of 3+ months in Canada and UK or in foreclosure process in the US. 2. Source: 2022 Census for France; 2021 Census for Canada, UK; 2022 Census for Germany; 2020 Census for US. 3. Source: Source: United Nations, Department of Economic and Social Affairs, Population Division (2024). World Population Prospects 2024, Online Edition. Slide 39 – Capital and Liquidity 1. Average balances are calculated as a weighted average of daily closing balances. 2. RWA and our capital balances and ratios are calculated pursuant to OSFI’s CAR Guideline, the leverage ratio is calculated pursuant to OSFI’s Leverage Requirements Guideline, LCR, HQLA and NSFR are calculated pursuant to OSFI’s LAR Guideline, all of which are based on BCBS standards. For additional information, see the “Capital management” and “Liquidity risk” section in Q3/26 Quarterly Report to Shareholders available on SEDAR+ at www.sedarplus.com. 3. Normal Course Issuer Bid. On June 4, 2026, we announced that the Toronto Stock Exchange had accepted the notice of our intention to commence an NCIB. Purchases under this bid will be completed upon the earlier of: (i) CIBC purchasing 30 million common shares; (ii) CIBC providing a notice of termination; or (iii) June 7, 2027. During the quarter, 5,500,000 common shares were purchased and cancelled at an average price of $162.18 for a total amount of $892 million. CIBC's previous NCIB for the purchase of up to 20 million common shares commenced on September 10, 2025 and was completed on May 25, 2026. During the quarter, 2,000,000 common shares were purchased and cancelled at an average price of $153.73 for a total amount of $307 million. For the nine months ended July 31, 2026, 16,500,000 common shares were purchased and cancelled at an average price of $133.31 for a total amount of $2,200 million. Since the inception of this NCIB, we repurchased and cancelled 20 million common shares at an average price of $129.68 per share for a total amount of $2.6 billion. 4. Includes 1bps of common share issuance through equity-settled share-based compensation plans. Slide 40 – Funding & Liquidity 1. Percentages may not add up to 100% due to rounding. 2. Securitized agency MBS are on balance sheet as per IFRS. 3. Derivatives related assets, are largely offset by derivatives related liabilities. Under IFRS derivative amounts with master netting agreements cannot be offset and the gross derivative assets and liabilities are reported on balance sheet. 4. Includes obligations related to securities sold short, cash collateral on securities lent and obligations related to securities under repurchase agreements. 5. Capital includes subordinated liabilities.
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CIBC Investor Relations Contacts 48 GEOFF WEISS, SENIOR VICE PRESIDENT Email: Geoffrey.Weiss@cibc.com Phone: +1 (416) 980-5093 JASON PATCHETT, SENIOR DIRECTOR Email: Jason.Patchett@cibc.com Phone: +1 (416) 980-8691
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Non-GAAP Measures 49 We use a number of financial measures to assess the performance of our business lines as described below. Some measures are calculated in accordance with GAAP (IFRS), while other measures do not have a standardized meaning under GAAP, and accordingly, these measures may not be comparable to similar measures used by other companies. Investors may find these non-GAAP measures, which include non-GAAP financial measures and non-GAAP ratios as defined in National Instrument 52-112 “Non-GAAP and Other Financial Measures Disclosure”, useful in understanding how management views underlying business performance. Management assesses results on a reported and adjusted basis and considers both as useful measures of performance. Adjusted measures, which include adjusted total revenue, adjusted provision for credit losses, adjusted non-interest expenses, adjusted income before income taxes, adjusted income taxes and adjusted net income, in addition to the adjusted measures noted below, remove items of note from reported results to calculate our adjusted results. Items of note include the amortization of intangible assets, and certain items of significance that arise from time to time which management believes are not reflective of underlying business performance. We believe that adjusted measures provide the reader with a better understanding of how management assesses underlying business performance and facilitates a more informed analysis of trends. While we believe that adjusted measures may facilitate comparisons between our results and those of some of our Canadian peer banks, which make similar adjustments in their public disclosure, it should be noted that there is no standardized meaning for adjusted measures under GAAP. The following tables on slides 54 to 59 provide a reconciliation of GAAP (reported) results to non-GAAP (adjusted) results. Additional information about key performance and non-GAAP measures can be found under “Non-GAAP measures” section of our Q3/26 Quarterly Report to Shareholders, available on SEDAR+ at www.sedarplus.com. Certain additional disclosures for these specified financial measures have been incorporated by reference and can be found in the “Non-GAAP measures” section on pages 8 to 14 of our Q3/26 Quarterly Report to Shareholders, available on SEDAR+ at www.sedarplus.com, including the quantitative reconciliations therein of reported GAAP measures to: adjusted total revenue, adjusted provision for credit losses, adjusted non- interest expenses, adjusted income before income taxes, adjusted income taxes, and adjusted net income on pages 9 to 13; pre-provision, pre-tax earnings and adjusted pre-provision, pre-tax earnings on page 14. Certain additional disclosures for these specified financial measures have been incorporated by reference and can be found in the “Non-GAAP measures” section on pages 13 to 15 of our 2025 Annual Report to Shareholders, available on SEDAR+ at www.sedarplus.com, including the quantitative reconciliations therein of reported GAAP measures to: adjusted total revenue, adjusted provision for credit losses, adjusted non- interest expenses, adjusted income before income taxes, adjusted income taxes, and adjusted net income on pages 14 to 15; pre-provision, pre-tax earnings and adjusted pre-provision, pre-tax earnings on page 15.
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Non-GAAP Measures 50 Definition 1 Adjusted Diluted EPS We adjust our reported diluted EPS to remove the impact of items of note, net of income taxes, to calculate the adjusted EPS 2 Adjusted ROE We adjust our reported net income attributable to common shareholders to remove the impact of items of note, net of income taxes, to calculate the adjusted return on common shareholders’ equity. 3 Adjusted Operating Leverage We adjust our reported revenue and non-interest expenses to remove the impact of items of note. 4 Adjusted Dividend Payout Ratio We adjust our reported net income attributable to common shareholders to remove the impact of items of note, net of income taxes, to calculate the adjusted dividend payout ratio. 5 Pre-provision, pre-tax earnings Pre-provision, pre-tax earnings is calculated as revenue net of non-interest expenses, and provides the reader with an assessment of our ability to generate earnings to cover credit losses through the credit cycle, as well as an additional basis for comparing underlying business performance between periods by excluding the impact of provision for credit losses, which involves the application of judgments and estimates related to matters that are uncertain and can vary significantly between periods. We adjust our pre-provision, pre-tax earnings to remove the impact of items of note to calculate the adjusted pre- provision, pre-tax earnings. As discussed above, we believe that adjusted measures provide the reader with a better understanding of how management assesses underlying business performance and facilitates a more informed analysis of trends.
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Third Quarter 2026 | Reconciliation for Non-GAAP Financial Measures 51
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Third Quarter 2026 | Reconciliation for Non-GAAP Financial Measures 52
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Third Quarter 2026 | Reconciliation for Non-GAAP Financial Measures 53
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Third Quarter 2026 | Reconciliation for Non-GAAP Financial Measures 54
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Third Quarter 2026 | Reconciliation for Non-GAAP Financial Measures 55 Q3/26 Q2/26 Q1/26 Q4/25 Q3/25 Q2/25 Q1/25 Q4/24 Q3/24 Q2/24 Q1/24 Q4/23 8,368 8,006 8,398 7,576 7,254 7,022 7,281 6,617 6,604 6,164 6,221 5,847 564 605 568 605 559 605 573 419 483 514 585 541 4,685 4,199 4,329 4,179 3,976 3,819 3,878 3,791 3,682 3,501 3,465 3,440 3,119 3,202 3,501 2,792 2,719 2,598 2,830 2,407 2,439 2,149 2,171 1,866 710 737 401 612 623 591 659 525 644 400 443 381 2,409 2,465 3,100 2,180 2,096 2,007 2,171 1,882 1,795 1,749 1,728 1,485 10 8 7 6 2 9 8 8 9 10 12 8 Preferred shareholders and other equity instrument holders 128 114 106 116 82 78 88 72 63 61 67 62 Common shareholders 2,271 2,343 2,987 2,058 2,012 1,920 2,075 1,802 1,723 1,678 1,649 1,415 2,399 2,457 3,093 2,174 2,094 1,998 2,163 1,874 1,786 1,739 1,716 1,477 Adjustments related to the denial of the dividends received deduction for Canadian banks - - - - - - - - - - - - Amortization of acquisition-related intangible assets 2 - - - - - - - - - - - 2 - - - - - - - - - - - Amortization and impairment of acquisition-related intangible assets (8) (8) (10) (11) (11) (11) (12) (12) (15) (14) (15) (45) Charges related to the special assessment imposed by the Federal Deposit Insurance Corporation (FDIC) - - - - - - - 3 (2) (13) (91) - Charges related to our announced sale of CIBC Caribbean Bank Limited (269) - - - - - - - - (277) (8) (10) (11) (11) (11) (12) (9) (17) (27) (106) (45) 279 8 10 11 11 11 12 9 17 27 106 45 Amortization and impairment of acquisition-related intangible assets 3 2 3 3 3 2 4 3 4 4 4 8 Income tax recoveries related to a capital gains distribution and utilization of capital losses - - 422 - - - - - - Adjustments related to the denial of the dividends received deduction for Canadian banks - - - - - - - - (88) 51 37 - Charge related to the special assessment imposed by the FDIC - - - - - - - (1) 1 3 23 - Charges related to our announced sale of CIBC Caribbean Bank Limited 37 - - - - - - - - - - - 40 2 425 3 3 2 4 2 (83) 58 64 8 239 6 (415) 8 8 9 8 7 100 (31) 42 37 239 6 (415) 8 8 9 8 7 100 (31) 42 37 0.26 0.01 (0.45) 0.01 0.01 0.01 0.01 0.01 0.11 (0.04) 0.04 0.04 RECONCILIATION OF GAAP (REPORTED) RESULTS TO NON-GAAP (ADJUSTED) RESULTS ($ millions) Operating results - Reported Total revenue Provision for credit losses Non-interest expenses Income before income taxes Income taxes Net income Net income attributable to non-controlling interests Net income attributable to equity shareholders Impact of items of note Revenue Impact of items of note on revenue Non-interest expenses Impact of items of note on non-interest expenses Total pre-tax impact of items of note on net income Income taxes Impact of items of note on income taxes Total after-tax impact of items of note on net income After-tax impact of items of note on net income attributable to equity shareholders Impact of items of note on diluted EPS ($)
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Third Quarter 2026 | Reconciliation for Non-GAAP Financial Measures 56 1. Average common shareholders’ equity LTM is calculated as the weighted average of the last four quarter -end average common shareholders’ equity balances, based on the number of days in each quarter. Calculation of Adjusted Return on Equity $MM (unless otherwise stated) Q3/25 LTM Q4/25 LTM Q1/26 LTM Q2/26 LTM Q3/26 LTM All Bank Net income available to common shareholders 7,809 8,065 8,977 9,400 9,659 After-tax impact of items of note 32 33 (390) (393) (162) Adjusted net income available to common shareholders 7,841 8,098 8,587 9,007 9,497 Average common shareholders' equity 55,280 56,322 57,431 57,846 58,580 ROE 14.1% 14.3% 15.6% 16.2% 16.5% Adjusted ROE 14.2% 14.4% 15.0% 15.6% 16.2% 1 1 Calculation of Adjusted Efficiency Ratio $MM (unless otherwise stated) Q3/24 LTM Q3/25 LTM Q3/26 LTM All Bank Revenue 24,836 28174 32,348 Impact of items of note on revenue - - 2 Adjusted Revenue 24,836 28174 32,350 Non-interest Expenses 14,088 15,464 17,392 Impact of items of note on expenses (195) (43) (306) Adjusted non-interest Expenses 13,893 15,421 17,086 Efficiency Ratio 56.7% 54.9% 53.8% Adjusted Efficiency Ratio 55.9% 54.7% 52.8% Q3/26 Q2/26 Q1/26 Q4/25 Q3/25 Q2/25 Q1/25 Q4/24 Q3/24 Q2/24 Q1/24 Q4/23 8,370 8,006 8,398 7,576 7,254 7,022 7,281 6,617 6,604 6,164 6,221 5,847 564 605 568 605 559 605 573 419 483 514 585 541 4,408 4,191 4,319 4,168 3,965 3,808 3,866 3,782 3,665 3,474 3,359 3,395 3,398 3,210 3,511 2,803 2,730 2,609 2,842 2,416 2,456 2,176 2,277 1,911 750 739 826 615 626 593 663 527 561 458 507 389 2,648 2,471 2,685 2,188 2,104 2,016 2,179 1,889 1,895 1,718 1,770 1,522 10 8 7 6 2 9 8 8 9 10 12 8 Preferred shareholders and other equity instrument holders - adjusted 128 114 106 116 82 78 88 72 63 61 67 62 Common shareholders - adjusted 2,510 2,349 2,572 2,066 2,020 1,929 2,083 1,809 1,823 1,647 1,691 1,452 2,638 2,463 2,678 2,182 2,102 2,007 2,171 1,881 1,886 1,708 1,758 1,514 59,203 58,659 58,566 57,896 56,289 56,959 54,163 53,763 51,916 49,809 48,588 47,435 Net income - adjusted Net income attributable to non-controlling interests - adjusted Net income attributable to equity shareholders - adjusted Average common shareholders' equity Total revenue - adjusted Provision for credit losses - adjusted Non-interest expenses - adjusted Income before income taxes - adjusted Income taxes - adjusted RECONCILIATION OF GAAP (REPORTED) RESULTS TO NON-GAAP (ADJUSTED) RESULTS (continued) ($ millions) Operating results - Adjusted