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A Client-Focused Bank Delivering Enduring Value February 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”, and “Accounting and control matters – Critical accounting policies and estimates” sections of this report and other statements about our operations, business lines, financial condition, risk management, priorities, targets and sustainabil ity commitments (including with respect to our sustainability ambitions and related activities), ongoing objectives, strategi es, 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”, “estimate”, “forecast”, “target”, “predict”, “commit”, “ambition”, “goal”, “ strive”, “project”, “objective” and other similar expressions or future or conditional verbs such as “will”, “may”, “should”, “would” and “could”. By their nature, these statements require us to make assumptions, including the 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 im pacts tied to the actual and proposed U.S. imposition of tariffs on Canada and other countries and their countermeasures, the softe ning labour market and uncertain political conditions in the U.S., the continuing impact of hybrid work arrangements and high interest rates on the U.S. real estate sector, and the war in Ukraine and conflict in the Middle East on the global economy, financial markets, and our business , results of operations, reputation and financial condition, there is inherently more uncertainty associated with our assumptions as compared to prior periods. A var iety of factors, many of which are beyond our control, affect our operations, performance and results, and could cause actual resul ts to differ materially from the expectations expressed in any of our forward-looking statements. These factors include: trade policies and tensions, including t ariffs 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, ins urance, operational, reputation, conduct and legal, regulatory and environmental risk; currency value and interest rate fluct uations, including as a result of market and oil price volatility; the effectiveness and adequacy of our risk management and valuation models 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 Supervision’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 gui dance; 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 inter pretations; changes in our estimates of reserves and allowances; changes in tax laws; changes to our credit ratings; political c onditions and developments, including changes relating to economic matters; the possible effect on our business of international conflicts, such as the war in Ukraine and conflict in the Middle East, and terrorism; natural disasters, disruptions to public infrastructure and other catastrophi c 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, which may include theft or disclosure of assets, unauthorized access to sensitive information, or operational disruption; social media risk; losses incurred as a result of internal or external fraud; anti-money laundering; the accuracy and completeness of information provided to us concerning cli ents and counterparties; the failure of third parties to comply with their obligations to us and our affiliates or associates; intensifying competition from establis hed competitors and new entrants in the financial services industry including through internet and mobile banking; technological change including the use of data and artificial intelligence in our business; 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 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 distribution channels, developing new distribution channels and realizing increased revenue from these channels; changes in client spending 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 ex pected 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 ri sks 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 should 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 financial position, objectives and priorities and anticipated financial performance as a t and for the periods ended on the dates presented, and may not be appropriate 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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Why invest in CIBC? 2 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 A client-focused, connected, and performance-driven bank, delivering industry-leading shareholder returns
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STRONG CREDIT RATINGS A leading, well-diversified North American Financial Institution 3 Agency Rating10 Moody’s Aa2 (Senior11, A2), Stable S&P A+ (Senior11, A-), Stable Fitch AA (Senior11, AA-), Stable Morningstar DBRS AA (Senior11, AA(low)), Stable Net Income by Strategic Business Unit (LTM)6,7 DIVERSIFIED EARNINGS MIX Revenue Contribution by Region8 (LTM)6 1867 FOUNDED 1867 FOUNDED 1867 FOUNDED 1867 FOUNDED 1867 FOUNDED 1867 FOUNDED 1867 FOUNDED $30.3B REVENUE (LTM)2 1867 FOUNDED 15MM CLIENTS 50K EMPLOYEES1 43.1% TSR4 (1-YR) 13.4% CET1 RATIO5 (Q1/26) 15.6% ROE3 (LTM)2 26% 11% 27% 35% $9.2B Canadian Personal & Business Banking Capital Markets U.S. Commercial & Wealth Canadian Commercial & Wealth 18% 69% 12% $30.3B Canada U.S.8Other For endnotes, see slides 53-59.
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Driven by our purpose: To help make ambitions a reality 4 Who we are CIBC is a leading and well-diversified North American financial institution committed to creating enduring value for all our stakeholders – our clients, team, communities and shareholders. We are guided by our purpose – to help make your ambition a reality, and we are activating our resources to create positive change toward a more equitable, inclusive and sustainable future. Our communities Part of being a genuinely caring bank means taking care of people and organizations that keep our communities strong. Together with our team members, we’re strengthening communities through corporate donations, partnerships and the giving spirit of our employees via our One for Change employee giving and volunteering program. Built on our storied history of supporting our communities, the CIBC Foundation serves our commitment to creating a world without limits to ambition. We’re demonstrating our purpose in action by supporting causes that are important to our clients and communities.
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5 Our client focus continues to drive strong client experience results across the bank STRONG NPS WITH HIGH VALUE CLIENTS Wood Gundy1 Private Banking1 Commercial Banking1 US Commercial Banking & Private Wealth1 86 85 88 86 LARGEST IMPROVEMENT SINCE 2014 LEADERSHIP POSITIONS F25 RESULTS Best Banking Mobile App and Online Experience for Customer Satisfaction – J.D. Power2 Forrester Customer Obsessed Enterprise Award3 For endnotes, see slides 53-59. Improve digital client journeys Make it easy to bank with us Deepen relationships & connectivity Client Experience Strategic Priorities -5.0 13.6 Ipsos Primary Clients’ NPS (2014 – 2025)4 +18.6 pts Big 4 peer avg5 +6.0 ptsF14 F25
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An enterprise strategy designed to deliver outperformance 6
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Our ambition and strategic priorities 7 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 A client-focused, connected, and performance-driven bank, delivering industry leading shareholder returns industry-leading shareholder returns
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Elevate Imperial Service Capture Emerging Wealth Clients Elevate Asset Management Accelerate Growth of Private Wealth Grow in High Net Worth Grow in Ultra High Net Worth We are focused on accelerating growth across our North American platforms through a carefully curated strategy Growing Our Mass Affluent & Private Wealth Franchise Growing our Mass Affluent & HNW platform to increase fee income and returns 8 A Look at Imperial Service A differentiated Mass Affluent coverage model, with a dedicated offering for clients that meet an investable assets threshold. Our playbook 1 Deepening Relationships Opportunity to bring our “whole bank” to the clients who only have a core banking relationship 2 Attracting Net New Clients A streamlined focus on capturing client segments with a high propensity to become Mass Affluent 3 Capitalizing on Strategic Partnerships Ability to franchise existing Affluent clients from the Costco co-brand card relationship Our U.S. franchise is a growing business with presence in 17 key markets. We are focused on harvesting recent investments to accelerate growth and achieve scale. Our Canadian business benefits from strong existing presence in key segments. We are focused on prioritizing opportunities to deepen relationships and capture more market share. These businesses deliver a significant contribution to total Bank revenues and are a key source of capital-light, fee-based revenue. Key Priorities
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Expanding Our Digital-First Personal Banking Capabilities Providing a pipeline for growth & securing long-term competitiveness Helping clients “Bank on the Now” “Our new look [for Simplii Financial] brings energy, optimism, and a sense of urgency… clients can expect to see this change come to life not just through our brand but also in our approach to innovation.” Christian Exshaw, SEVP & Group Head, CIBC Capital Markets Evolving our digital platforms Click to Access Video Ambition Value Proposition Engagement Channels Awards & Recognition Be a digital-first business that delivers profitability through personalized solutions, channel optimization and growth Full-service banking, and a lifetime client journey and relationship Omni-Channel with award-winning digital platform #1 in Consumer Mobile Banking Experience (2023)1 CIBC Personal Banking Focus on accelerating client acquisition and protecting and growing our overall market share Simple and convenient, low-cost digital everyday banking solutions Digital self-directed, and contact centre driven offering Best Credit Card for Young Adults (2024)2 Best Chequing Account (2023)3 Simplii Financial We emphasize the use of data, analytics and artificial intelligence to understand our clients better, provide more opportunities for personalization, and maximize profitability across both Personal Banking and Simplii Financial. We are optimizing new and existing business capabilities, and seeking opportunities to synergize our two offerings – Personal Banking and Simplii Financial – in the market 9 For endnotes, see slides 53-59.
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Delivering Connectivity and Differentiation to Our Clients Deliver our connected franchise to our clients to deepen relationships, grow recurring revenue, and enhance returns 10 Applying our strategy To deliver the whole Bank to our North American Commercial Banking and Capital Markets clients, with a focus on growing our U.S. franchise Case study: CIBC advises on cross-border Commercial client M&A transaction Services provided: Canadian Commercial Banking & Wealth Management Delivering risk-controlled growth in our Commercial Bank, while continuing to foster strong referrals across CIBC U.S. Commercial Banking & Wealth Management Grow Commercial Banking by delivering industry expertise and unique solutions leveraging the strength of our franchise Capital Markets Further scale our platform to continue building multi-product relationships across the Bank, deliver double-digit growth in the U.S. Delivering The Whole Bank Focus on Connectivity to build long-standing, multi-product relationships, drive growth, and referral volume Growing Our U.S. Franchise Further invest in capabilities and allocate resources where we can most effectively compete to grow and generate attractive marginal returns Long-term focus areas
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Enabling, Simplifying & Protecting Our Bank Enhancing operational excellence and efficiency to drive higher returns for our stakeholders Simplify Drive productivity and execution with a focus on operational excellence and scale Enable Seize growth opportunities and remain competitive in a rapidly changing market Protect Safeguarding our Bank and clients to maintain the trust of all stakeholders We are focused on… Modernizing to build a more agile, scalable, and cost- effective CIBC, enabled by data & AI Creating new efficiencies and building structural operating leverage to unlock capital and fund future investments Reinforcing our operational resilience and proactively defending against threats Enhancing the client and employee experience 11 Priority Investments & Select Initiatives Expanding our governance and oversight capabilities for an evolving regulatory environment Payments Modernization | AML Building a cutting-edge platform and simplifying our most important processes Cloud at Scale | E2E Process Automation Enhancing our data & AI capabilities to accelerate the adoption of GenAI across the entire enterprise Data & Analytics Program
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Technology Strategy Our highly connected strategic priorities drive a need for shared technology and data capabilities 12 Strategic platforms with highly skilled teams Improved output and reduced time to deliverIncreased employee and client satisfaction Our Medium-Term Aspirations Enable with Data and AI Deliver Superior Client Experiences Protect our bank and our clients Transform with Technology and Automation • Enterprise client and product data with robust infrastructure • Cross-business and channel connectivity with a single client view (eCRM) • Data and AI Governance to ensure high quality and trust • Industry-leading mobile experience • Intuitive digital financial planning and advice • Continuous focus on streamlining and automation • Proactively monitor and action fraud, cyber, technology, third party and data risks • Ensure strong governance of critical data assets • Maintain high Operational Resilience • Continued transition to Cloud Infrastructure • Ongoing automation of manual processes • Modernizing legacy infrastructure and applications and scaling API adoption
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13 AI @ CIBC Generating AI outcomes through improved revenue growth, client experience, team productivity, and credit monitoring • 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 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 Cultural Transformation Rethink how work gets done Maintain responsible AI use Challenge legacy workflows ~16MM Calls since launch +44% Lift in conversion rates for our savings accounts in Q1/26 1,700+ Developers Voice Assistant Knowledge Central AI 98% Accuracy P R O G R E S S I O N A I & A N A L Y T I C S ~1.2MM Hours saved in Q1/26
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14 Our strategy is aligned with our capital deployment priorities • Remains our top priority • Strong marginal ROEs • Minimizes unproductive goodwill Organic Growth • Track record of successful acquisitions • Open to opportunities subject to strict strategic and financial criteria • 40-50% target payout ratio4 • Maintained or increased dividend every quarter since inception • Used to deploy excess capital opportunistically • Purchases made systematically with strong governance $13B (32%) $0.5B (1%) $18B (46%) $3B (6%) CAPITAL DEPLOYMENT F20 – F251 Dividend Payout Inorganic Growth Share Buyback 2 3 For additional endnotes, see slides 53-59.
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Proven track record of financial performance 15
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Making progress against our through-the-cycle financial objectives 16 Diluted EPS Growth of 7% - 10% (CAGR3) Return on Equity of 15%+5 (Average) Positive Operating Leverage (Average) Dividend Payout Ratio of 40% - 50% (Average) Fiscal 2025 Medium-Term Objectives1,2 Reported: 9% Adjusted1,4: 7% Reported: 12.7% Adjusted1,6: 13.8% Reported9: 2.6% Adjusted1,7: 1.8% Reported9: 53.6% Adjusted1,8: 48.1% Reported: 16% Adjusted1,4: 12% Reported: 13.6% Adjusted1,6: 14.6% Reported9: 2.3% Adjusted1,7: 0.8% Reported9: 50.3% Adjusted1,8: 46.2% 3-Year 5-Year 4. see note 1 in the Glossary section; 6. See note 2 in the Glossary section; 7. See note 3 in the Glossary section; 8. See note 4 in the Glossary section ; For additional endnotes, see slides 53-59.
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17 Our Strategic Priorities Medium-Term ROE DriversGrow Our Mass Affluent & Private Wealth Franchise Expand Our Digital-First Personal Banking Capabilities Deliver Connectivity and Differentiation to Our Clients Enable, Simplify, and Protect Our Bank Deeper Client Relationships Capital-Light Businesses Improving Margins Positive Operating Leverage Credit Normalization Capital Management Roadmap to achieving our through-the-cycle ROE target Driving towards a premium ROE through disciplined execution of our strategy
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Delivering value for shareholders by driving sustainable growth and profitability1 18 Revenue ($B) Diluted EPS2 ($) Return on Common Shareholders’ Equity3 (%) Non-Interest Expense ($B) 2021 2022 2023 2024 2025 LTM 20 20 22 22 23 23 26 26 29 29 30 30 12 11 13 12 14 13 14 14 16 16 16 16 6.96 7.23 6.68 7.05 5.17 6.73 7.28 7.40 8.57 8.61 9.60 9.18 16.1 16.7 14.0 14.7 10.3 13.4 13.4 13.7 14.3 14.4 15.6 14.9 For endnotes, see slides 53-59. 2021 2022 2023 2024 2025 LTM 2021 2022 2023 2024 2025 LTM 2021 2022 2023 2024 2025 LTM
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Underpinned by our balance sheet strength and prudent risk management 19 CET1 Ratio1 Liquidity Coverage Ratio1 12.4% 11.7% 12.4% 13.3% 13.3% 13.4% 2021 2022 2023 2024 2025 Q1/26 127% 129% 135% 129% 132% 133% Q4/21 Q4/22 Q4/23 Q4/24 Q4/25 Q1/26 Total Allowance Coverage Ratio2 Impaired PCL Ratio3 (bps) 0.64% 0.62% 0.76% 0.73% 0.80% 0.79% 16 14 30 32 33 35 For endnotes, see slides 53-59. 2021 2022 2023 2024 2025 Q1/26 2021 2022 2023 2024 2025 Q1/26
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Our business segments A diversified franchise driving consistent and profitable growth 20
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Canadian Personal & Business Banking1 Be the leading relationship bank, helping Canadians achieve ambitions while delivering sustainable and market-leading performance 21 Mass Affluent Clients with Dedicated Advisors5 Other Personal Banking and Simplii Business Banking 84% 55% 13% 38% 3% 7% Client Base Revenue 14.0MM $12.0B 991 Banking Centres $3.7B PPPT3 / NIAT 13,757 Employees2 25.0% ROE4 $6.0B / $3.1B 987 Banking Centres 13,827 Employees2 For endnotes, see slides 53-59.
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39% 47% 14% $6.9B Revenue Asset Management Commercial Banking Private Wealth Total Wealth Management Commercial Banking Asset Management AUM 5 Private Wealth AUA 5 Loans6,7 Deposits6 50% 50% $206B$597B Wealth Management 53% 47% $2.3B NIAT Employees2 $3.4B PPPT3 23.6% ROE4 Canadian Commercial Banking & Wealth Management1 Be a leading provider of financial services and advice to Commercial Banking and HNW clients 22 6,190 For endnotes, see slides 53-59.
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U.S. Commercial Banking & Wealth Management1(US$) Best-in-class, relationship-oriented commercial banking and wealth management franchise 23 121,000+ Clients2 26 Offices $967M/ $685MM PPPT3 / NIAT 8.4% ROE4 Commercial Banking Wealth Management Revenue 69% 31% $2.3B Wealth Funds Managed5 4% 10% 86% $101B Commercial Banking Funds Managed5 53% 47% $70B Loans Deposits AUM6 For endnotes, see slides 53-59.
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Capital Markets1 Deliver leading client-centric solutions through best-in-class insight, advice and execution 24 $2.3B NIAT $3.3B PPPT3 2,011 Employees2 22.1% ROE4 Corporate & Investment Banking 36% Personal, Wealth & Commercial 31% Canada 56% Revenue by Business Mix $6.1B Global Markets 65% Corporate & Investment Banking 35% Revenue by Client Segment $6.1B Institutional & Trading 38% Corporate Origination 46% Personal, Wealth & Commercial 16% Revenue by Geography $6.1B Canada 53% U.S. 35% Rest of World 11% For endnotes, see slides 53-59.
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U.S. Region Diversified footprint across the U.S. with strong presence in the Midwest 25 Our U.S. Businesses • Commercial Banking: high-touch coverage model offering real estate financing, mid-market commercial banking solutions, and specialized industry knowledge • Wealth Management: Private Wealth and Private Banking offering targeting high-net-worth and ultra-high-net-worth households • Capital Markets: provides global markets and corporate & investment banking capabilities in select areas of strength • Innovation Banking: tailored financing solutions and banking services for entrepreneurs and investors in the innovation economy Seattle San Francisco Menlo Park Newport Beach Denver Austin Houston Dallas Tampa West Palm Miami Kansas City Des Moines Minneapolis St. Louis Atlanta Milwaukee CHI IND Grand Rapids DET CLE PIT Boston New York Wilmington Washington, DC Charlotte Reston Our U.S. Footprint
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Appendix 26
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Business Segment Results & Trends 27
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28 Our focus for 2026 1 Delivering seamless everyday banking solutions and best-in-class personalized advice to our clients 2 Driving growth in key client segments by leveraging our differentiated front-line team, client engagement platforms and partnerships to acquire new clients and deepen existing relationships 3 Modernizing infrastructure and simplifying our operations to unlock front-line capacity, enhance client experience across channels and create capacity to reinvest in growth For endnotes, see slides 53-59. Canadian Personal & Business Banking Strong top line and positive operating leverage drive record net income Reported Adjusted1 ($MM) Q1/26 YoY QoQ Q1/26 YoY QoQ Revenue 3,295 13% 3% 3,295 13% 3% Net Interest Income 2,652 14% 3% 2,652 14% 3% Non-Interest Income 643 8% 4% 643 8% 4% Expenses 1,558 7% (3)% 1,552 7% (3)% PPPT2 1,737 19% 10% 1,743 19% 10% Provision for Credit Losses 446 $18 $(57) 446 $18 $(57) Net Income 960 25% 21% 964 25% 20% Loans (Average, $B)3,4 341 2% 0.3% 341 2% 0.3% Deposits (Average, $B)4 247 (0.6)% 0.1% 247 (0.6)% 0.1% Net Interest Margin (bps) 311 34 9 311 34 9 277 Q1/25 280 Q2/25 291 Q3/25 302 Q4/25 311 Q1/26 YoY | QoQ +2% +0.3% (0.6)% +0.1% 335 249 Q1/25 335 250 Q2/25 338 248 Q3/25 340 247 Q4/25 341 247 Q1/26 Avg. Loans Avg. Deposits 49.7% 51.5% 49.3% 50.3% 47.1% 49.9% 51.7% 49.6% 50.6% 47.3% 2.2% 2.9% 7.3% 2.0% 6.0% Rpt. Efficiency Ratio Efficiency Ratio Operating Leverage Loans and Deposits ($B)3,4 Net Interest Margin (bps) 2.2% Q1/25 2.9% Q2/25 7.2% Q3/25 2.0% Q4/25 5.9% Q1/26 Rpt. Operating Leverage Adjusted1 Operating Leverage and Efficiency Ratio
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29 For endnotes, see slides 53-59. 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 413 409 419 422 430 Q1/25 Q2/25 Q3/25 Q4/25 Q1/26 Q1/25 Q2/25 Q3/25 Q4/25 Q1/26 87.6% 87.8% 87.9% 88.4% 88.8% 88 86 92 93 95 17 18 18 17 17 77 76 80 80 80 Q1/25 Q2/25 Q3/25 Q4/25 Q1/26 182 180 190 191 191 Other5 Bill Payments eTransfers Q1/25 Q2/25 Q3/25 Q4/25 Q1/26 43.6% 44.7% 42.5% 44.9% 48.3% 4.5% 95.5% Q1/25 4.6% 95.4% Q2/25 4.5% 95.5% Q3/25 4.2% 95.8% Q4/25 4.0% 96.0% Q1/26 Non-Digital Channel Digital Channel ACTIVE DIGITAL BANKING USERS3 (MM) Q1/25 Q2/25 Q3/25 Q4/25 Q1/26 7.9 7.9 8.0 8.1 8.2
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30 Our focus for 2026 1 Deepening client relationships and increasing connectivity 2 Focusing on high-growth segments, while investing in our capabilities 3 Empowering teams with improved technology, processes and data For endnotes, see slides 53-59. Canadian Commercial Banking & Wealth Management Top-line strength fueled by volume growth, market appreciation, and increased client activity Reported & Adjusted1 ($MM) Q1/26 YoY QoQ Revenue 1,923 13% 5% Net Interest Income 830 16% 6% Non-Interest Income 1,093 11% 4% Expenses 941 10% (2)% PPPT2 982 16% 12% Provision for Credit Losses 84 $45 $32 Net Income 647 9% 7% Commercial Banking Revenue 733 9% 6% Wealth Management Revenue 1,190 16% 4% Net Interest Margin (bps) 310 21 14 100 101 Q1/25 103 101 Q2/25 105 102 Q3/25 107 105 Q4/25 108 110 Q1/26 Avg. Loans Avg. Deposits YoY | QoQ 288 Q1/25 276 Q2/25 295 Q3/25 317 Q4/25 330 Q1/26 538 515 552 597 614 AUM YoY | QoQ +7% +1% +8% +4% +14% +3% +15% +4% 289 Q1/25 288 Q2/25 289 Q3/25 296 Q4/25 310 Q1/26 Commercial Banking Loans and Deposits ($B)3,4 Net Interest Margin (bps) Assets Under Administration ($B)5,6
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First Quarter, 2024 31 For endnotes, see slides 53-59. Canadian Personal & Commercial Banking1 Continued margin expansion driven by rates and business mix tailwinds 1,626 1,641 1,691 1,783 1,7411,619 1,635 1,684 1,776 1,735 Q1/25 Q2/25 Q3/25 Q4/25 Q1/26 2.72% Q1/25 2.73% Q2/25 2.81% Q3/25 2.90% Q4/25 3.00% Q1/26 332 332 335 337 339 103 105 108 110 110 Q1/25 Q2/25 Q3/25 Q4/25 Q1/26 435 437 443 447 449 Personal Loans Business Loans 220 222 220 219 219 130 129 130 134 138 Q1/25 Q2/25 Q3/25 Q4/25 Q1/26 350 351 350 353 357 Personal Deposits Business Deposits 2,932 2,861 3,081 3,214 3,332 666 660 659 668 696 Q1/25 Q2/25 Q3/25 Q4/25 Q1/26 3,598 3,521 3,740 3,882 4,028 Net Interest Income Non-Interest Income YIELD METRICSREVENUE ($MM) AVERAGE LOANS & DEPOSITS ($B)5,6NON-INTEREST EXPENSES ($MM) & EFFICIENCY RATIO Efficiency Ratio Rpt. 45.2% 46.6% 45.2% 45.9% 43.2% Adj.2 45.0% 46.4% 45.0% 45.7% 43.1% Rpt. Adj.2 Q1/25 Q2/25 Q3/25 Q4/25 Q1/26 Total Portfolio Spread Gross Inflow Spread Gross Outflow Spread Net Interest Margin3 Mortgage Portfolio Spreads4
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32 Our focus for 2026 1 Expanding Private Wealth Management with a focus on strategic relationships 2 Growing Commercial Banking by delivering the full connected capabilities of our bank, industry expertise and deepening client relationships 3 Investing in people, technology and infrastructure to further scale our platform, drive connectivity and enhance data-driven decisioning For endnotes, see slides 53-59. U.S. Commercial Banking & Wealth Management Building momentum from volume growth and margin expansion Reported Adjusted1 (US$MM) Q1/26 YoY QoQ Q1/26 YoY QoQ Revenue 630 6% 8% 630 6% 8% Net Interest Income 433 10% 7% 433 10% 7% Non-Interest Income 197 (1)% 9% 197 (1)% 9% Expenses 348 6% (3)% 345 6% (3)% PPPT2 282 7% 26% 285 7% 26% Provision for Credit Losses 15 $(33) $39 15 $ (33) $39 Net Income 212 19% 7% 214 19% 6% Commercial Banking Revenue 442 12% 9% 442 12% 9% Wealth Management Revenue 188 (4)% 6% 188 (4)% 6% Loans (Average, US$B)3,4 43 3% 3% 43 3% 3% Deposits (Average, US$B)4 45 5% 5% 45 5% 5% Net Interest Margin (bps) 401 23 17 401 23 17 37 30 Q1/25 37 30 Q2/25 37 30 Q3/25 37 31 Q4/25 38 33 Q1/26 Avg. Loans Avg. Deposits YoY | QoQ 87 Q1/25 82 Q2/25 88 Q3/25 92 Q4/25 93 Q1/26 109 102 108 112 114 AUM YoY | QoQ +3% +3% +10% +6% +5% +2% +8% +1%378 Q1/25 372 Q2/25 378 Q3/25 384 Q4/25 401 Q1/26 Commercial Banking Loans and Deposits (US$B)3,4 Net Interest Margin (bps) Assets Under Administration (US$B)5,6
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33 Our focus for 2026 1 Maintaining our focused approach to client coverage in Canada 2 Growing our North American platform by further expanding our U.S. reach and broadening the services offered to clients 3 Strengthening our connectivity, technology and innovation efforts to bring more of our bank’s offerings to our clients For endnotes, see slides 53-59. Capital Markets Record earnings driven by strong client activity Reported & Adjusted1 ($MM) Q1/26 YoY QoQ Revenue 2,017 28% 32% Non-Trading Net Interest Income 473 21% 12% Non-Trading Non-Interest Income 638 71% 27% Trading Revenue5 906 12% 52% Expenses 836 19% 18% PPPT2 1,181 36% 45% Provision for Credit Losses 7 $(14) $(70) Net Income 877 42% 60% Loans (Average, $B)3,4 79 21% 5% Deposits (Average, $B)4 116 16% 8% Global Markets and Corporate & Investment Banking Revenue ($MM)6 1,030 544 Q1/25 947 598 Q2/25 840 666 Q3/25 825 698 Q4/25 1,253 764 Q1/26 YoY | QoQ YoY | QoQ +22% +52% +40% +9% +11% +51% Trading Revenue5 (Total Bank) Loans3 and Deposits (Spot, $B) Global Markets Revenue Corporate & Investment Banking Revenue Interest Rates 18% Foreign Exchange 29% Equities 42% Q1/26 $902MM Commodities 11% 66 101 Q1/25 68 102 Q2/25 73 104 Q3/25 77 108 Q4/25 79 119 Q1/26 Loans (Spot) Deposits (Spot) YoY | QoQ +20% +2% +18% +10%
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Risk Overview 34
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Credit Portfolio Breakdown Lending portfolio has a strong risk profile and is well diversified 35 Overall Loan Mix (Net Outstanding Loans and Acceptances) Business & Government 40% Key industries include Agriculture, Manufacturing (including Steel and Aluminum), Transportation, Oil and Gas, Mining, and Forest Products Consumer 60% Financial Institutions 10%$592B Retailers 1%
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36 For endnotes, see slides 53-59. Canadian Real Estate Secured Personal Lending Mortgage delinquencies performing in line with expectations Mortgage Balances ($B; principal)HELOC Balances ($B; principal) 90+ Days Delinquency Rates3 Q1/25 Q4/25 Q1/26 Total Mortgages 0.31% 0.38% 0.43% Insured Mortgages 0.36% 0.34% 0.37% Uninsured Mortgages 0.31% 0.39% 0.44% Uninsured Mortgages in GVA2 0.23% 0.40% 0.42% Uninsured Mortgages in GTA2 0.36% 0.48% 0.55% 2 222 Canadian Uninsured Mortgage Loan-To-Value1 Ratios 2 2 • Portfolio average Loan-To-Value (LTV) continues to remain healthy • Condominium mortgages account for 16% of our total residential mortgage portfolio, with a 15% insured mix. This segment continues to perform better than the broader portfolio 53% 54% 55% 57% 47% 48% 49% 50% 55% 56% 58% 60% Q2/25 Q3/25 Q4/25 Q1/26 Canada GVA GTA 33 34 33 91 93 93 145 146 147 269 273 273 Q1/25 Q4/25 Q1/26 GVA GTA Other Region 2.6 2.6 2.7 6.5 6.7 6.6 10.3 10.4 10.1 19.4 19.7 19.4 Q1/25 Q4/25 Q1/26 GVA GTA Other Region
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37 For endnotes, see slides 53-59. Canadian Mortgages Renewal Profile – FY26 and FY27 Outlook Impacts of payment increases at renewal expected to be minimal Current Balances by Renewal Year1 ($B) Variable Rate Fixed Rate • 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 1.4% of clients’ income • Low loan-to-value of renewal mortgages ranging from 53% to 60% over the next two years • 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 FY28 and onwards are expected to have either lower or relatively flat monthly payment requirements 4% Interest Rate 4.5% Interest Rate Average Customer Profile by Renewal Year FY26 FY27 Original qualification rate2 5.3% 5.6% Current LTV 53% 60% Monthly payment increase $102 $26 % of monthly payment increase 6% 1% Payment increase as % of total income at origination 0.7% 0.2% Monthly payment increase $196 $125 % of monthly payment increase 10% 5% Payment increase as % of total income at origination 1.4% 0.9% 38 46 20 33 58 79
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38 For endnotes, see slides 53-59. Commercial Real Estate Commercial real estate loans outstanding are well diversified Canadian Commercial Real Estate Loans Outstanding by Sector3 U.S. Commercial Real Estate Loans Outstanding by Sector4,5 • 60% of drawn loan investment grade6 • 54% of drawn loan investment grade6 • Canada represents 64% of total Canadian & U.S. real estate loans outstanding • Gross impaired loans as a percentage of total Canadian & U.S. real estate is 0.75% • Overall, the multi-family portfolio benefits from solid underlying fundamentals • Condominium developer loans represent less than 1% of our total loan portfolio Multi-Family Portfolio Metrics Canada US Total outstanding ($B) C$12.4 US$5.6 Weighted Average LTV1 60% 56% Watchlist2 Loan Ratio 0.4% 7.6% Gross Impaired Loan Ratio <0.1% 3.7% Annualized Net Charge-off Ratio 0% 0% Investment Grade Mix of Drawn Loans 74% 59%
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First Quarter, 2024 39 For endnotes, see slides 53-59. Interest Rate Sensitivity Effective interest rate risk management in a changing rate environment 71 (228) 159 (75) 230 (303) 63 (167) 167 (136) 230 (303) Long-term Short-termCAD USD 5YR CAD Swap – Average (%) 0.0 1.0 2.0 3.0 4.0 5.0 Q1/26 Q1/27 Q1/28 Q1/29 Q1/30 Q1/31 Roll-On (Proxy) Roll-Off (Proxy) NET INTEREST INCOME SENSITIVITY TO A +/- 100 BPS CHANGE1 ($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 40
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U.S.: The U.S. economy faces headwinds from a deceleration in population growth and the impact of elevated tariffs on consumer spending power and business costs. Despite above-target inflation, the Federal Reserve has resumed cutting interest rates in response to slower hiring and is expected to take the federal funds rate to under 3.5% in calendar year 2026. Real GDP growth is expected to be 2.3% for 2026 as a whole, with the unemployment rate stabilizing at 4.4%. Higher budget deficits could prevent a further drop in long-term rates, but fiscal stimulus and lighter regulatory policies will add some support for economic growth in 2026. Inflation is expected to stay steady, as the upward lift from tariffs and health care premiums is offset by decelerating rent inflation, with the CPI averaging 2.6% in 2026. Economic Outlook1 The ongoing global trade uncertainty presents a challenging environment for economic activity in Canada and abroad 41 Canada United States (U.S.) Economic Indicators (%)2,3 2025F2 2026F2 2027F2 2025F2 2026F2 2027F2 Real GDP Growth 1.6 1.3 2.0 2.2 2.3 1.8 Inflation 2.1 1.9 2.0 2.7 2.6 2.6 Unemployment Rate 6.8 6.5 6.0 4.3 4.4 4.3 Canada: CIBC expects the Bank of Canada to keep its target rate on hold at 2.25% through 2026 in order to support interest-sensitive demand. While we will see less disinflation from energy prices and some imported goods, inflation will remain close to the 2% target due to ongoing labour market slack that will constrain wage gains and consumer purchasing power for domestic goods and services. Fiscal policy will provide only a small boost this year due to restraint at the provincial level and in federal staffing, with stimulus for large capital projects mostly showing up in subsequent years. Canadian GDP is expected to grow at 1.3% for 2026 as a whole, and with slow population growth, that will allow the unemployment rate to gradually ease and average at 6.3% by the fourth calendar quarter. Interest Rate Forecast (%)4,5 March 20265 December 20265 December 20275 March 20265 December 20265 December 20275 Overnight target rate (Canada)/Federal funds rate (midpoint) (U.S.) 2.25 2.25 2.75 3.625 3.125 3.125 For endnotes, see slides 53-59.
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Snapshot of the Canadian economy 42 For endnotes, see slides 53-59. Canada: Key Facts Population2 41.6 MM GDP (Market Prices)3 CAD 3,255 BN GDP per capita4 CAD 78,245 Labour Force5 22.7 MM Provinces / Territories 10 / 3 2024 Transparency International Corruption Perception Index Ranked 15th globally Economist Intelligence Unit (2024-2028) Best business environment: ranked 3 rd among G7; 6th – globally6 Canada Sovereign Credit Ratings (M/S&P/F/DBRS) • Moody’s Aaa • S&P AAA • Fitch AA+ • DBRS AAA Geographical GDP distribution continues to demonstrate that Canada’s economy is well diversified 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 43 For endnotes, see slides 53-59. • Canada’s unemployment rate has been less volatile. • CPI rose 2.3% year over year in January 2026, down from a 2.4% increase in December 20251. • The Bank of Canada has maintained its overnight rate at 2.25%, CIBC expects the Bank of Canada to hold the overnight rate at 2.25% through 2026 to support interest sensitive demand. Unemployment Rate (%)2 Canadian Inflation Has Tracked the U.S.3
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Canadian economic indicators demonstrate resilience and performance 44 For endnotes, see slides 53-59. • 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 (November 2025)1 GDP Indexed to 2007 (%)2 90 100 110 120 130 140 2008 2010 2012 2014 2016 2018 2020 2022 2024 Canada France Germany Italy Japan United Kingdom United States
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45 Canadian house price growth has normalized For endnotes, see slides 53-59. Housing Index Year over Year Change, by City5 • 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 Household Debt to Income Ratio4 Average Home Price (in $000’s) Region CAD1 USD Eq.2 YoY % Change3 Canada 653 474 (4.0)% Toronto 935 679 (8.6)% Vancouver 1,102 800 (6.4)% Calgary 556 403 1.9% Montreal 580 421 5.7% Ottawa 607 440 0.2%
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46 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 • Mortgage arrears have declined from high of 0.45% in 2009 to 0.25% in November 20252 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 53-59. Mortgage Arrears by Number of Mortgages1 Population in Top Four Cities3 2.96% 1.07% 0.98% -0.47% 0.33% Average Annual Population Growth (2014-2024)4
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Capital, Funding & Liquidity 47
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First Quarter, 2024 48 For endnotes, see slides 53-59. Capital and Liquidity Strong capital supports shareholder returns and disciplined resource allocation $B Q1/25 Q4/25 Q1/26 Average Loans and Acceptances1 564.7 584.7 592.4 Average Deposits1 794.2 806.2 825.2 CET1 Capital2 46.2 47.7 48.5 CET1 Ratio 13.5% 13.3% 13.4% Risk-Weighted Assets (RWA)2 341.9 357.8 361.8 Leverage Ratio2 4.3% 4.3% 4.4% Liquidity Coverage Ratio (average)2 132% 132% 133% HQLA (average)2 212.7 200.4 205.9 Net Stable Funding Ratio2 113% 116% 114% Capital Position • CET1 ratio of 13.4%, up 5 bps from prior quarter • Strong net internal capital generation • Bought back 8.0MM shares in the quarter CET1 Ratio RWA ($B) 5.5 1.9 (3.3) Q4/25 Credit Risk (excl. FX) Market & Operational Risk FX Q1/26 357.8 361.8 Q4/25 Earnings Net of Dividends RWA Growth NCIB3 Other (incl. FX)4 13.4% Q1/26 13.3% 56 bps (28) bps (28) bps 5 bps 8.0MM shares Net Internal Capital Generation: +28 bps Pro forma ~13.7%5
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First Quarter, 2024 49 For endnotes, see slides 53-59. Funding & Liquidity A well-diversified, high-quality, client-driven balance sheet Q1/26 | 133% Liquidity Coverage Ratio 100% Minimum Requirement Q1/26 | 114% Net Stable Funding Ratio • Liquidity and funding position continue to remain well-above regulatory requirements • Client deposits are the primary source of funding, comprising over $500B of the total funding base • Funding strategy is supplemented in part by wholesale funding, which is diversified across investor type, geographies, currencies, maturities, security and funding instruments • Wholesale funding comprises of both short-term and long-term funding, across both secured and unsecured 52.3 8.1 7.4 48.5 TLAC Composition Other (Deductions) External Instruments Tier 2 Instruments Additional Tier 1 Capital CET1 Capital 116.0 25.0% TLAC Ratio 32.1% Minimum Requirement Funding MixTotal Loss Absorbing Capacity (TLAC)1 TLAC RatioTLAC Composition ($B) $230BQ1/26 $1,133B Repos 15% Client Deposits 52% > 1 Year Maturity 9% < 1 Year Maturity 12% Capital 6% Other (incl. Derivatives) 7% WSF
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First Quarter, 2024 Funding & Liquidity1 A well-diversified, high-quality, client-driven balance sheet 50 For endnotes, see slides 53-59. Assets Cash & Repos Trading & Investment Securities Residential Mortgages2 Other Retail Loans Corporate Loans Other Assets3 39% Liquid Assets 53% Loan Portfolio 8% Mainly Derivatives $1,133B 128% Coverage (Liquid Assets / Wholesale Funding) 119% Coverage (Deposits + Capital / Loans) Liabilities & Equity Unsecured Funding Secured Funding4 Personal Deposits Business & Gov’t Deposits Securitization & Covered Bonds Other Liabilities3 31% Wholesale-sourced Funding 63% Capital + Client-related Funding 7% Mainly Derivatives Capital5
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First Quarter, 2024 51 For endnotes, see slides 53-59. Balance Sheet Strong growth in loans and deposits; yields down reflecting rate decreases 565 568 576 585 592 274 270 274 281 297 260 257 253 253 265 Q1/25 Q2/25 Q3/25 Q4/25 Q1/26 1,099 1,096 1,103 1,119 1,155 Loans & Acceptances Securities Other 151 156 156 157 160 233 235 237 246 258 180 175 173 170 173 475 468 476 481 498 60 63 62 64 65 Q1/25 Q2/25 Q3/25 Q4/25 Q1/26 1,099 1,096 1,103 1,119 1,155 Notice/Demand - Personal Notice/Demand - Corporate & Commercial Term Other Equity 3.13% 5.51% 5.00% 4.82% 4.72% 4.66% 4.42% 3.51% 3.28% 3.14% 3.07% 2.81% Yield on Avg. Interest-Earning Assets Cost of Liabilities on Avg. Interest-Earning Assets 3.39% 5.83% 4.11% 3.18% 0.96% 3.85% 2.83% 0.92% 3.38% 5.54% AVERAGE ASSETS ($B) & YIELDS1,2,3 AVERAGE LIABILITIES AND EQUITY ($B), & COSTS1,4,5 3.27% 5.49% 3.69% 2.77% 0.81% 3.48% 2.73% 0.78% 2.81% 5.32% 3.35% 2.40% 0.67%
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Glossary 52 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 Imperial Service CIBC’s comprehensive financial planning and advisory services platform tailored to meet the goals of mass affluent clients
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53 Endnotes Slide 3 – A leading, well-diversified North American Financial Institution 1. Global regular head count for CIBC. This excludes FCIB, temporary employees and contingent workers. 2. Last twelve months (LTM) results as of January 31, 2026 (Q1/26). 3. For additional information on the composition, see the "Glossary" section in the Q1/26 Quarterly Report to Shareholders,available on SEDAR+ atwww.sedarplus.com. 4. TSR is calculated based on common share price appreciation plus reinvested dividend income asat January 31, 2026. 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. Net income (loss) attributable to equity shareholders. 7. Corporate & Other not shown, and as a result, the chart may not add to 100%. Certain prior period information has been restated. See the “External reporting changes” section in the Q1/26 Quarterly Report to Shareholders, available on SEDAR+ atwww.sedarplus.com. 8. 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. 9. Includes revenue from U.S. Commercial Banking & Wealth Management, and revenue from Capital Markets operations in the U.S. 10. 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 Q1/26. 11. Subject to conversion under the bank recapitalization “bail-in” regime. Slide 5 – Our client focus continues to enhance client experience results across the bank 1. Based on F25 internal NPS surveys. 2. CIBC received the highest score in the J.D. Power 2025 Canada Banking Mobile App and Banking Online Satisfaction Studies, which measure customers’ satisfaction with financial institutions’ mobile applications and website experience for banking account management. Visit jdpower.com/awards for more details. 3. See news release for Forrester . 4. Ipsos Customer Satisfaction Index 2025. 5. Peer average based on RBC, TD, BNS, and BMO. Slide 9 – Expanding Our Digital-First Personal Banking Capabilities 1. CIBC ranks #1 in the 2023 Mobile Banking award from Surviscor Inc. Source: https://cibc.mediaroom.com/2023-10-23-CIBC-ranks-1-in-the-2023-Mobile-Banking-award-from-Surviscor-Inc. 2. Cash Back Visa Card has been ranked as the Best Credit Card for Young Adults for 2024 by Hardbacon. Source: https://www.simplii.com/en/about-us.html#awards. 3. No Fee Chequing Account has been voted as the Best Chequing Account 2024 by Ratehub. Source: https://www.simplii.com/en/about-us.html#awards. Slide 14 – Our strategy is aligned with our capital deployment priorities 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 F25 (13.3%). CET1 accretion represents 14% 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-F25. 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 63 for further details. See note 4 in Glossary section.
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54 Endnotes Slide 16 – Making progress against our through the cycle financial objectives 1. Based on adjusted measures. Adjusted measures are non-GAAP measures. See slide 61 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. 5. Beginning in 2025, the adjusted ROE target is revised to 15%+ through-the-cycle. 9. For additional information on the composition, see the "Glossary" section in the Q1/26 Quarterly Report to Shareholders, available on SEDAR+ atwww.sedarplus.com. Slide 18 – Delivering value for shareholders by driving sustainable growth and profitability 1. Last twelve months (LTM) results as of January 31, 2026 (Q1/26). 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.See note 1 in the Glossary section. 3. See note 2 in the Glossary section. 4. Adjusted results are non-GAAP measures. See slide 61 for further details. Slide 19 – Underpinned by our balance sheet strength and prudent risk management 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 Q1/26 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 21 – Canadian Personal & Business Banking 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 Q1/26 Quarterly Report to Shareholders, available on SEDAR+ at www.sedarplus.com. Client segment revenue includes only Personal and Business Banking business segment. 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 61 for further details. 4. For additional information on the composition of this specified financial measure, see the "Non-GAAP measures" section in the Q1/26 Quarterly Report to Shareholders, available on SEDAR+ at www.sedarplus.com. 5. Personal Banking clients with dedicated advisors.
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55 Endnotes Slide 22 – Canadian Commercial Banking & Wealth Management 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 Q1/26 Quarterly Report to Shareholders, available on SEDAR+ at www.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 61 for further details. 4. For additional information on the composition of this specified financial measure, see the "Non-GAAP measures" section in the Q1/26 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 Q1/26 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 23 – U.S. Commercial Banking & Wealth Management 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 Q1/26 Quarterly Report to Shareholders, available on SEDAR+ at www.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 61 for further details. 4. For additional information on the composition of this specified financial measure, see the "Non-GAAP measures" section in the Q1/26 Quarterly Report to Shareholders,available on SEDAR+ at www.sedarplus.com. 5. 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. 6. 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 Q1/26 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 24 – Capital Markets 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 Q1/26 Quarterly Report to Shareholders, available on SEDAR+ at www.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 61 for further details. 4. For additional information on the composition of this specified financial measure, see the "Non-GAAP measures" section in the Q1/26 Quarterly Report to Shareholders,available on SEDAR+ at www.sedarplus.com. Slide 28 – Canadian Personal & Business Banking 1. Adjusted results are non-GAAP measures. see slide 61 for further details. 2. Pre-provision, pre-tax earnings is revenue net of non-interest expenses and is a non-GAAP measure. see slide 61 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.
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56 Endnotes Slide 29 – Digital Trend 1. Based on spot balances as at January 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 30 – Canadian Commercial Banking & Wealth Management 1. Adjusted results are non-GAAP measures. see slide 61 for further details. 2. Pre-provision, pre-tax earnings is revenue net of non-interest expenses and is a non-GAAP measure. see slide 61 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 Q1/26 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 OSFI as of November 2025 (spot balance). Slide 31 – Canadian Personal & Commercial Banking 1. Includes the results of Canadian Personal and Business Banking and Canadian Commercial Banking. Amounts have been restated from those previously presented to exclude Investor’s Edge. See "External reporting changes" for additional details in the Q1/26 Quarterly Report to Shareholders, available on SEDAR+ at www.sedarplus.com. 2. Adjusted results are non-GAAP measures. see slide 61 for further details. 3. Certain additional disclosures for net interest margin on average interest-earning assets (NIM) have been incorporated by reference and can be found in the Glossary section in the Q1/26 Quarterly Report to Shareholders, available on SEDAR+ at www.sedarplus.com. 4. Gross inflow spread (excluding open) represents the client rate less cost of funds. We show gross inflow spreads excluding open as open mortgages tend to be for clients that have reached end of term and not arranged for a more permanent renewal, are outstanding for a short period of time, have much higher rates and hence, spreads than the rest of the portfolio originations. 5. Average balances are calculated as a weighted average of daily closing balances. 6. Average loans and acceptances, before any related allowances. Slide 32 – U.S. Commercial Banking & Wealth Management: 1. Adjusted results are non-GAAP measures. see slide 61 for further details. 2. Pre-provision, pre-tax earnings is revenue net of non-interest expenses and is a non-GAAP measure. see slide 61 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 Q1/26 Quarterly Report to Shareholders, available on SEDAR+ at www.sedarplus.com. Slide 33 – Capital Markets 1. Adjusted results are non-GAAP measures. see slide 61 for further details. 2. Pre-provision, pre-tax earnings is revenue net of non-interest expenses and is a non-GAAP measure. see slide 61 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.
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57 Endnotes Slide 36 – Canadian Real Estate Secured Personal Lending 1. LTV ratios for residential mortgages are calculated based on weighted average. See page 29 of Q1/26 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. History is restated due to methodology change. Slide 37 – 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 38 – Commercial Real Estate 1. Excludes accounts with no LTV. 2. Watchlist is classified as loans CCC+ to C by S&P Global Rating Standards. 3. Includes $7.5B in Multi Family that is reported in residential mortgages in the Supplementary Financial Information package. 4. Includes US$1.0B 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 39 – 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 Q1/26 Quarterly Report to Shareholders, available on SEDAR+ at www.sedarplus.com. 2. Source: Bloomberg, January 31, 2026 Slide 41 – 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 January 15th, 2026. 4. Source: CIBC Economics. Estimates as of February 11th, 2026. 5. Data is end of period. Slide 42 – Snapshot of the Canadian economy 1. Percentage may not add up to 100% due to rounding. 2. Source: Statistics Canada. Table 17-10-0009-01 Population estimates, quarterly 3. Source: Statistics Canada. Table 36-10-0104-01 Gross domestic product, expenditure-based, Canada, quarterly (x 1,000,000) 4. Source: Statistics Canada, tables 36-10-0104-01 and 17-10-0009-01 5. Source: Statistics Canada. Table 14-10-0287-01 Labour force characteristics, monthly, seasonally adjusted and trend-cycle, last 5 months 6. Source: Economist Intelligence Unit, 2024 (2024-2028).
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58 Endnotes Slide 43 – Canadian economic indicators demonstrate resilience and performance 1. Source: CIBC Economics, 2025 CIBC Annual Report 2. Source: Statistics Canada; U.S. Bureau of Labor Statistics, February 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. 3. Source: Statistics Canada Canadian Economic Tracker Dashboard. Slide 44 – 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, October 2025 .Source: CIBC Economics. Estimates as of February 12th, 2025. Slide 45 – Canadian house price growth has normalized 1. Source: CREA, January 2026. 2. 1 USD = 1.3778 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, January 2026 Slide 46 – 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: Canadian Banker’s Association. 3. Source: 2022 Census for France; 2021 Census for Canada, UK; 2022 Census for Germany; 2020 Census for US. 4. Source: Source: United Nations, Department of Economic and Social Affairs, Population Division (2024). World Population Prospects 2024, Online Edition. Slide 48 – 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 Q1/26 Quarterly Report to Shareholders available on SEDAR+ at www.sedarplus.com. 3. Normal Course Issuer Bid. Normal Course Issuer Bid. On September 8, 2025, 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 20 million common shares; (ii) CIBC providing a notice of termination; or (iii) September 9, 2026. During the quarter, 7,990,500 common shares were purchased and cancelled at an average price of $125.53 for a total amount of $1,003 million. Since the inception of this NCIB, 11,490,500 common shares have been purchased and cancelled for a total amount of $1,396 million. 4. Includes 3bps of common share issuance through equity-settled share-based compensation plans 5. CIBC received OSFI approval to exclude an operational loss event that was recognized in fiscal 2023 from the operational risk capital calculations. This exclusion of an operational loss event from operational risk RWA will be reflected beginning in the second quarter of 2026, which will add in excess of 25 basis points to our CET1 ratio. Slide 49 – Funding & Liquidity 1. TLAC is calculated pursuant to OSFI’s TLAC Guideline, which is based on BCBS standards. For additional information, see the “Capital Management” section in the Q1/26 Quarterly Report to Shareholders, available on SEDAR+ at www.sedarplus.com.
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59 Endnotes Slide 50 – 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. Slide 51 – Balance Sheet 1. Average balances are calculated as weighted average of daily closing balances. Average interest-earning assets include interest-bearing deposits with banks, interest-bearing demand deposits with Bank of Canada, securities, cash collateral on securities borrowed, securities purchased under resale agreements, loans net of allowances for credit losses, and certain sublease-related assets. 2. The yield for loans and acceptances is calculated as interest income on loans as a percentage of average loans and acceptances, net of allowance for credit losses. The yield on securities is calculated as interest income on securities as a percentage of average securities. Total yield on average interest-earning assets is calculated as interest income on assets as a percentage of average interest-earning assets. These metrics do not have a standardized meaning and may not be comparable to similar measures disclosed by other financial institutions. 3. Other includes balances related to cash and deposits with banks, reverse repos, and other. 4. The yield for Personal-Notice/Demand deposits is calculated as interest expense on Personal-Notice/Demand deposits as a percentage of average Personal-Notice/Demand deposits. The yield for Corporate & Commercial-Notice/Demand deposits is calculated as interest expense on Corporate & Commercial-Notice/Demand deposits as a percentage of average Corporate & Commercial-Notice/Demand deposits. The yield for Term-Client deposits is calculated as interest expense on Term-Client deposits as a percentage of average Term-Client deposits. Term-Client deposits are term deposits less wholesale funding. Total cost on average interest-earning assets is calculated as interest expense on liabilities as a percentage of average interest-earning assets. These metrics do not have a standardized meaning and may not be comparable to similar measures disclosed by other financial institutions. 5. Other includes wholesale funding, sub-debt, repos and other liabilities.
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CIBC Investor Relations Contacts 60 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 61 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 62 to 65 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 Q1/26 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 11 of our Q1/26 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 11; pre-provision, pre-tax earnings and adjusted pre-provision, pre-tax earnings on page 11. 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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Reconciliation for Non-GAAP Financial Measures 62
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Reconciliation for Non-GAAP Financial Measures 63
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Reconciliation for Non-GAAP Financial Measures 64
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Reconciliation for Non-GAAP Financial Measures 65