Slides
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Third Quarter 2026 | 0 All amounts are in Canadian dollars unless otherwise indicated. Third Quarter 2026 August 27, 2026 Quarterly Results Presentation
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Third Quarter 2026 | 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 presentation, 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. Pri vate 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”, and “Accounting and control matters – Other regulatory developments” sections of this presentation and other statements about our operations, business lines, financial condition, risk management, priorities, targets and sustainability commit ments (including with respect to our sustainability ambitions and related activities), ongoing objectives, strategies, the regulatory environment in which we oper ate 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 presentation, and are subject to inherent risks and uncertainties that may be general or specific. Given the potential negative economi c 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 marke t 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, including their contribution to elevated energy and critical input costs, and ongoing supply chain disruptions, on the global economy, financial markets, and our business, results of operations and financial condition, there is inherently m ore uncertainty associated with our assumptions as compared 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 policies 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 env ironmental risk; currency value and interest rate fluctuations, including as a result of market and oil price volatility; the ef fectiveness 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 system 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 rec overy 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; political conditions 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 disas ters, disruptions to public infrastructure and other catastrophic events; the occurrence of public health emergencies and any relat ed government policies and actions; reliance on third parties to provide components of our business infrastructure; potential disruptions to our information technol ogy systems and services; increasing cyber security risks including the discovery and misuse of vulnerabilities and exposure to cyberattacks in connection with the use of artificial intelligence (AI), which may include theft or disclosure of assets, unauthorized access to sensitive inform ation, 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 clients and counterparties; the failure of third parties to comply with their obligations to us and our affiliates or associates; intensifying competition from established competitors and new entrants in the financi al 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 m arket 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 soci al 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 s ervices, 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 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. T his 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 presentation repres ent the views of management only as of the date hereof and are presented for the purpose of assisting our shareholders and fi nancial analysts in understanding our financial position, objectives and priorities and anticipated financial performance as at 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 thi s report or in other communications except as required by law. Forward-Looking Statements
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CIBC Overview Harry Culham President & Chief Executive Officer
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Third Quarter 2026 | Q3/26 Overview Delivering growth through focused execution 3 $2.73 Diluted EPS +26% YoY Adj.1 +15% YoY Rpt. ROE3 $2.47 $8.4B Revenue +15% YoY Adj.1 & Rpt. PPPT2 NIAT Operating Leverage3 F I N A N C I A L R E S U L T S 4. See note 2 and 3 in the Glossary section; 8. See note 11 in the Glossary section. For additional endnotes, see slides 45-51. Broad-Based Revenue Growth Prudent Cost Management Solid ROE and Capital Strength 4.2% Adj.1 (2.5)% 40 bps PCL Ratio +7 bps YoY Impaired4 (1) bps YoY Total PCL4 37 bps Rpt. CET1 Ratio7 13.4% Stable YoY Cdn. Personal & Business Bkg. +9% YoY Cdn. Comm. Bkg. & Wealth Mgmt. +18% YoY Capital Markets +22% YoY U.S. Comm. Bkg. & Wealth Mgmt. +7% (US$) YoY +15% YoY Corp. & Other Q3/25 Q2/26 Q3/26 4.3 4.6 4.9 +14% Q3/25 Q2/26 Q3/26 2.4 2.6 2.7 +13% Q3/25 Q2/26 Q3/26 0.6 0.9 0.8 +40% Net Interest Income ex. Trading ($B) Adjusted Non-Interest Income ex. Trading1 ($B) Trading Revenue8 ($B) Improving Efficiency Ratio (LTM8) (Adjusted1) 12th Consecutive Quarter of Positive Adjusted Operating Leverage1 55.9% Q3/24 54.7% Q3/25 52.8% Q3/26 76% of Earnings Returned to Shareholders5 in Q3/26 LTM8 Share Buybacks6 In Q3/26 7.5MM shares / $1.2B 14.2% Q3/25 14.4% Q4/25 15.0% Q1/26 15.6% Q2/26 16.2% Q3/26 Positive ROE Trajectory (LTM8) (Adjusted1) Reported 56.7% 54.9% 53.8% Reported 14.1% 14.3% 15.6% 16.2% 16.5% 16.8% +260 bps YoY Adj.1 +100 bps YoY Rpt. 15.2% $4.0B +20% YoY Adj.1 +12% YoY Rpt. $3.7B $2.6B +26% YoY Adj.1 +15% YoY Rpt. $2.4B Reported ($B): +12% YoY 2.4 2.6 2.7
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Third Quarter 2026 | 4For endnotes, see slides 45-51. Expand Our Digital-First Banking Capabilities Deliver Connectivity & Differentiation to Our Clients Enable, Simplify & Protect Our Bank Grow Our Mass Affluent & Private Wealth Franchise RECOGNIZED INDUSTRY LEADERSHIP Best Alternative Asset Manager Strategic Priorities Continued progress in Q3/26 Continued progress with our mass affluent clients with dedicated advisors +4% YoY growth in number of clients1 +12% YoY growth in money-in balances2 Digital engagement through our innovative platforms and partnerships Launched USD Non-Redeemable GICs on CIBC Investment Platform Leveraging our connected network and strong referral culture Commercial Banking lending clients in Canada that have a deposit relationship 95% +53% YoY growth in AUA from CIBC issued structured notes – Wood Gundy5 +83% YoY growth in Canadian Depositary Receipts AUM Unlocking a new era of AI-powered work at our Bank CAI 2.0 – introduced the first enterprise-wide agentic AI workspace in Canadian Banking CIBC AdvisorAssist 50% Best Overall Cash Management Bank in Canada Canada’s Best Investment Bank for Financing Solutions Best Gen-AI Initiative Best Digital Transformation Program +34% YoY growth in new account openings – Investor’s Edge4 Hours saved per quarter CIBC DocuMind Frontline reduction in time spent on admin tasks (charting notes) 16K #2 Ranking among Big 6 banks3 in retail mutual fund long-term net sales
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Third Quarter 2026 | Driving Sustainable Growth and Value for Our Stakeholders 5 Disciplined execution and deep connectivity across the franchise remain differentiators Strong balance sheet and capital strength provide strategic flexibility and support increased shareholder returns Results highlight continued broad- based momentum and sustainable performance
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Financial Overview Robert Sedran Senior Executive Vice-President, Chief Financial Officer and Enterprise Strategy
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Third Quarter 2026 | 7 Reported $2.47 Adjusted2 $2.73 +15% / +26% YoY 4. See note 2 and 3 in the Glossary section; For additional endnotes, see slides 45-51. Reported 15.2% Adjusted2 16.8% +100 bps / +260 bps YoY $8.4B +15% YoY Reported & Adjusted2 Reported (2.5)% | 56.0% Adjusted2 4.2% | 52.7% Reported $3.7B Adjusted2 $4.0B +12% / +20% YoY Total 37 bps Impaired 40 bps 13.4% Stable YoY vs. OSFI requirement of 11.0% as of Jun 20265 127% vs. OSFI requirement of >100% Diluted EPS Return on Equity Revenue Operating Leverage1 and Efficiency Ratio PPPT3 PCL Ratio4 CET1 Ratio Liquidity Coverage Ratio6 Q3/26 Results Summary
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Third Quarter 2026 | Financial Overview Delivered broad-based growth and positive operating leverage 8 Reported1 ($MM) Q3/26 YoY QoQ Revenue 8,368 15% 5% Non-Trading Net Interest Income 4,886 14% 7% Non-Trading Non-Interest Income 2,688 12% 5% Trading Revenue2 794 40% (8)% Expenses 4,685 18% 12% Provision for Credit Losses 564 1% (7)% Net Income 2,409 15% (2)% Diluted EPS $2.47 15% (2)% Efficiency Ratio3 56.0% 120 bps 360 bps ROE 15.2% 100 bps (120) Bps CET1 Ratio 13.4% (1) bps (19) bps Adjusted1 ($MM) Q3/26 YoY QoQ Revenue 8,370 15% 5% Non-Trading Net Interest Income 4,886 14% 7% Non-Trading Non-Interest Income 2,690 13% 5% Trading Revenue2 794 40% (8)% Expenses 4,408 11% 5% PPPT4 3,962 20% 4% Provision for Credit Losses 564 1% (7)% Net Income 2,648 26% 7% Diluted EPS $2.73 26% 7% Efficiency Ratio 52.7% (200) bps 40 bps ROE 16.8% 260 bps 40 bps Q3/26 YoY Highlights: Revenue • Revenue growth of 15% driven by margin expansion, volume growth, higher fees, and trading revenue Expenses • Expenses up 18%, or 11% on an adjusted1 basis • Reported expenses include charges related to the announced sale of CIBC Caribbean • Adjusted expense growth reflects higher performance-based compensation and other employee-related compensation, as well as increased investments in the business • Delivered 12th consecutive quarter of adjusted positive operating leverage Provision for Credit Losses (PCL) • Impaired PCL ratio of 40 bps • Performing PCL ratio of (3) bps 2. See note 4 in the Glossary section; For additional endnotes, see slides 45-51.
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Third Quarter 2026 | Net Interest Income (NII) NII (ex-trading) grew 14% YoY , reflecting margin expansion and volume growth 9 NIM (ex. Trading)2 1. See note 4 in the Glossary section; 2. See note 1 in the Glossary section; 4. See note 16 in the Glossary section; For additional endnotes, see slides 45-51. ($MM) Q3/26 YoY QoQ NII 4,507 +11% +4% NII (ex. Trading) 4,886 +14% +7% Trading NII1 (379) n/m n/m Net Interest Margin (NIM) 1.63% +5 bps (4) bps NIM (ex. Trading)2 2.07% +13 bps +2 bps Loans (Average, $B)6,7 608.6 +6% +2% Deposits (Average, $B)7 853.7 +7% +3% +1% QoQ +3% YoY Loans6,7 0% QoQ +2% YoY Deposits7 $456B $356B Total Bank Net Interest Income Canadian Personal & Commercial5 NIM3,4 Avg. Balances Q3/26 NIM3,4 Avg. Balances Q3/26 +3% QoQ +9% YoY Loans6,7 (0)% QoQ +8% YoY Deposits7 $46B $45B U.S. Commercial & Wealth (US$) Q3/25 Q2/26 Hedging Strategy3 Product Mix Pricing/ Other Q3/26 2.81% 3.01% 2 bps 0 bps 1 bps 3.04% +3 bps +23 bps YoY Q3/25 Q2/26 Hedging Strategy3 Product Mix Pricing/ Other Q3/26 3.78% 3.90% 1 bps (6) bps (9) bps 3.76% (14) bps (2) bps YoY Q3/25 Q2/26 Hedging Strategy3 Product Mix Pricing/ Other Q3/26 1.94% 2.05% 1 bps (1) bps 2 bps 2.07% +2 bps +13 bps YoY
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Third Quarter 2026 | Non-Interest Income Market activity fuels fee income growth 10 Q3/26 YoY Highlights: • Reported and adjusted non-interest income up 20% • Adjusted non-interest income, excluding trading, up 13% (reported up 12%) • Market-related fees, excluding trading, were up 16%, with broad-based strength across categories, partially offset by lower underwriting & advisory fees • Transactional revenues up 6% driven mainly by higher credit and FX fees 1. See note 4 in the Glossary section; For additional endnotes, see slides 45-51. Non-Interest Income (Adjusted1, $MM)4 Growth by Category Q3/25 Q4/25 Q1/26 Q2/26 Q3/26 2.3 2.5 3.1 2.8 2.9 +25% +5% 697 712 760 659 741 Q3/25 Q4/25 Q1/26 Q2/26 Q3/26 +6% +12% 235 357 Q3/25 Market- Related ex. Trading2 44 Transactional Trading1 21 Other3 Q3/26 3,863 3,206 +20% Market-Related Fees5 ($B) Transactional Fees5 ($MM) Invst. Mgmt. & Custodial +19% YoY Other +63% YoY Trading +44% YoY UW & Advis. (16)% YoY Mutual Fund +15% YoY $2.9B +25% YoY Credit +25% YoY Deposit & Payment (9)% YoY Card (8)% YoY FX +15% YoY $741MM +6% YoY Reported $3,206MM $3,861MM
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Third Quarter 2026 | Non-Interest Expenses Positive operating leverage supports efficiency improvement 11 3,965 4,264 4,408107 242 144 Q3/25 Investments2 Operating Cost Efficiencies3 Performance- based compensation Q3/26 (50) +8% +11% Q3/26 YoY Highlights • Reported expenses up 18% • Adjusted1 expenses up 11% • Higher performance-based compensation and other employee-related compensation, and higher investments in our business • Excluding performance-based compensation, expenses up 8% • 12th consecutive quarter of positive operating leverage For endnotes, see slides 45-51. Reported 1.9% 4.2% 3.7% 4.1% (2.5)% Operating Leverage (Adjusted1)Q3/26 YoY Expense Growth Drivers (Adjusted1, $MM) Efficiency Ratio (Adjusted1) Q3/25 Q4/25 Q1/26 Q2/26 Q3/26 1.7% 4.3% 3.6% 4.0% 4.2% Reported 54.8% 55.2% 51.6% 52.4% 56.0% Q3/25 Q4/25 Q1/26 Q2/26 Q3/26 54.7% 55.0% 51.4% 52.3% 52.7% Reported $3,976MM $4,685MM
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Third Quarter 2026 | Capital and Liquidity Capital and liquidity remain strong, supporting share buybacks 12 $B Q3/25 Q2/26 Q3/26 Average Loans and Acceptances1 576.3 597.8 608.6 Average Deposits1 794.4 829.4 853.7 CET1 Capital2 46.6 48.7 49.5 CET1 Ratio 13.4% 13.6% 13.4% Risk-Weighted Assets (RWA)2 347.7 358.4 369.3 Leverage Ratio2 4.3% 4.3% 4.3% Liquidity Coverage Ratio (average)2 127% 131% 127% HQLA (average)2 200.5 204.5 211.1 Net Stable Funding Ratio2 115% 114% 113% Capital Position • CET1 ratio of 13.4%, down 19 bps from prior quarter • Bought back 7.5MM shares in the quarter • Strong net internal capital generation CET1 Ratio RWA ($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 For endnotes, see slides 45-51.
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Third Quarter 2026 | Canadian Personal & Business Banking Strong earnings growth supported by resilient top-line performance 13 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, $B)4 246 (1)% (0)% 246 (1)% (0)% Net Interest Margin (bps) 316 25 4 316 25 4 Q3/26 YoY Highlights: • Broad-based revenue growth across the portfolio of 9% demonstrates continued franchise momentum • Robust margin expansion of 25 bps benefited from our strategic shift in business mix, pricing discipline, and the prolonged impact of higher rates • Wealth commissions up due to market appreciation and net sales • Expenses up 8%, largely due to higher employee-related costs and higher technology investments to support business growth • Total PCL ratio of 50 bps • Impaired PCL ratio of 46 bps Operating Leverage 7.3% 2.0% 6.0% 4.7% 0.9% 7.2% 2.0% 5.9% 4.8% 0.8% For endnotes, see slides 45-51. Adjusted1 Efficiency Ratio Adj.1 49.3% Q3/25 50.3% Q4/25 47.1% Q1/26 49.3% Q2/26 49.0% Q3/26 49.6% 50.6% 47.3% 49.5% 49.1%Rpt. Rpt.. Adj.1 291 Q3/25 302 Q4/25 311 Q1/26 312 Q2/26 316 Q3/26 Net Interest Margin (bps) Momentum in Everyday Banking Q3/25 Q3/26 +6% YoY Credit Card Balance (spot) Q3/25 Q3/26 +5% YoY Demand Deposits Balance (spot) Active Digital Users (MM) 8.0 8.5 Q3/25 Q3/26 +6% YoY
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Third Quarter 2026 | Reported & Adjusted1 ($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, $B)4 126 8% 2% Net Interest Margin (bps) 311 22 (1) Canadian Commercial Banking & Wealth Management PPPT strength reflects robust volume growth and market appreciation 14 Q3/26 YoY Highlights: • Broad-based client activity drove margin expansion, higher fee-based revenue, and increased new issuances • Commercial banking volumes resilient, with loans up 7% and deposits up 8% • Fees up due to market appreciation and net sales • Ranked 2nd among Big 6 banks7 in retail mutual fund long-term net sales, and 1st in long-term net sales as a % of AUM • AUA up 21% • Expenses up 18%, primarily due to higher performance-based and other employee-related compensation, as well as increased technology investments and strategic initiatives • Total PCL ratio of 52 bps • Impaired PCL ratio of 47 bps 295 Q3/25 317 Q4/25 330 Q1/26 342 Q2/26 360 Q3/26 552 597 614 638 670 AUM YoY | QoQ +21% +5% +22% +5% Assets Under Administration ($B)5,6 For endnotes, see slides 45-51. 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 ($B)3,4 289 Q3/25 296 Q4/25 310 Q1/26 312 Q2/26 311 Q3/26 Net Interest Margin (bps)
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Third Quarter 2026 | Reported Adjusted1 (US$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$B)4 45 8% (0)% 45 8% (0)% Net Interest Margin (bps) 376 (2) (14) 376 (2) (14) 15 Q3/26 YoY Highlights: • Sustained organic momentum driving revenue growth • Revenue up 7% YoY, driven by strong balance sheet growth and broad- based fee income growth • Commercial loans and deposits up 9% and 14%, respectively • AUM growth driven by market appreciation • Expenses up 6%, driven by ongoing investment in technology enablement and growth initiatives • Total PCL ratio of (20) bps • Impaired PCL ratio of 23 bps • Performing PCL ratio of (43) bps • Largely due to an allowance release related to a sale of a number of commercial real estate loans U.S. Commercial Banking & Wealth Management Solid performance benefited from strong volumes and lower PCLs For endnotes, see slides 45-51. 88 Q3/25 92 Q4/25 93 Q1/26 95 Q2/26 97 Q3/26 108 112 114 118 121 AUM YoY | QoQ +12% +2% +10% +2% Assets Under Administration (US$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 ($B)3,4 378 Q3/25 384 Q4/25 401 Q1/26 390 Q2/26 376 Q3/26 Net Interest Margin (bps)
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Third Quarter 2026 | Global Markets and Corporate & Investment Banking Revenue ($MM)6 Capital Markets Revenue growth fueled by client activity in Global Markets 16 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 5. See note 4 in the Glossary section; For additional endnotes, see slides 45-51. YoY | QoQ +40% (8)% Trading Revenue5 (Total Bank) Interest Rates 16% Foreign Exchange 30% Equities 47% Q3/26 $794MM Commodities 7% NIAT and RWA as % of Total Bank NIAT RWA 26% 29% NIAT RWA 27% 23% CIBC7 Peer Average8
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Third Quarter 2026 | Corporate & Other 17 Reported Adjusted1 ($MM) Q3/26 YoY QoQ Q3/26 YoY QoQ Revenue 290 116 65 290 116 65 Net Interest Income 181 67 69 181 67 69 Non-Interest Income 109 49 (4) 109 49 (4) Expenses 670 261 278 401 (8) 9 PPPT2 (380) (145) (213) (111) 124 56 Provision for Credit Losses (4) (5) (8) (4) (5) (8) Net Income (loss) (200) (92) (153) 32 139 79 For endnotes, see slides 45-51. Q3/26 YoY Highlights: • Revenue up due to investment losses in International Banking in the prior year, and treasury-related gains • Reported expenses up primarily due to the $269MM charge related to our announced sale of CIBC Caribbean
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Third Quarter 2026 | Driving Sustainable Growth and Value for Our Stakeholders 18 Performance reinforces our confidence in the long-term earnings power and profitability of our Bank Strong balance sheet and capital strength provide strategic flexibility and increased shareholder returns Sustained earnings momentum through disciplined execution and a connected culture
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Risk Overview Frank Guse Senior Executive Vice-President & Chief Risk Officer
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Third Quarter 2026 | 4,588 4,870 ( 48 ) 396 216 ( 451 ) 4,983 Q3/25 Allowance Q2/26 Allowance Performing Provisions Retail Business and Government Net write-offs and other movements Q3/26 Allowance Impaired Provisions $612MM Allowance for Credit Losses Allowance for credit losses was up QoQ 1. See note 5 in the Glossary section. Allowance Coverage1 80 bps (1) bp +6 bps +3 bps (7) bps 81 bps Allowance for Credit Losses ($MM) – Q3/26 Movements 78 bps 20 • Total provision for credit losses was $564MM in Q3/26, compared with $605MM last quarter • Total allowance coverage was 81 bps, up from 80 bps last quarter • Provision for impaired loans was $612MM, up $64MM quarter-over-quarter, largely attributable to Canadian Commercial Banking and Wealth Management and Capital Markets • Our performing allowance declined by $48MM this quarter, reflecting the sale of a portfolio of US commercial real estate loans and credit migration
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Third Quarter 2026 | 481 548 612 33 38 40 -20 -10 0 10 20 30 40 50 0 100 200 300 400 500 600 700 800 Q3/25 Q2/26 Q3/26 PCL on Impaired Loans Total Bank impaired PCL ratio1 was up QoQ Total Bank ($MM, bps) Canadian Personal & Business Banking ($MM, bps) Capital Markets ($MM, bps) PCL ratio on ImpairedPCL on Impaired • Canadian Commercial impaired PCL was elevated, reflecting a small number of idiosyncratic events across unrelated sectors • Capital Markets impaired PCL was up, driven by two loss events 1. See note 3 in the Glossary section. US Commercial Banking & Wealth ($MM, bps) 21 Canadian Commercial Banking & Wealth ($MM, bps) 361 397 394 43 48 46 -20 -10 - 10 20 30 40 50 60 - 100 200 300 400 500 600 700 Q3/25 Q2/26 Q3/26 25 97 132 10 37 47 -20 - 20 40 60 80 100 - 50 100 150 200 250 300 350 400 Q3/25 Q2/26 Q3/26 37 10 53 21 5 25 -20 0 20 40 60 80 100 - 50 100 150 200 250 300 350 400 Q3/25 Q2/26 Q3/26 57 40 37 40 28 23 -20 - 20 40 60 80 100 - 50 100 150 200 250 300 350 400 Q3/25 Q2/26 Q3/26 F26 YTD 37bps
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Third Quarter 2026 | 3,281 3,967 4,024 0.56% 0.66% 0.65% Q3/25 Q2/26 Q3/26 Gross Impaired Loans ($MM) Gross Impaired Loan Ratio Credit Performance – Gross Impaired Loans Gross impaired loan ratio remained stable QoQ Gross Impaired Loan Ratio4 New Formations5 ($MM) Gross Impaired Loan Ratios Q3/25 Q2/26 Q3/26 Canadian Residential Mortgages1 0.36% 0.47% 0.51% Canadian Personal Lending2 0.54% 0.61% 0.52% Business & Government Loans3 0.73% 0.85% 0.81% CIBC Caribbean 3.50% 2.95% 2.75% Total 0.56% 0.66% 0.65% • Gross impaired loan ratio was stable, with an increase in Canadian residential mortgages offset by decreases in Canadian personal lending, and business and government loans • New formations were up in both consumer, and business and government loans • The increase in residential mortgages impaired loans is not expected to migrate into material write-offs, given the portfolio loan-to-value ratio and low historical net write-off ratio 4. See note 8 in the Glossary section; 5. See note 9 in the Glossary section; For additional endnotes see slides 45-51. 22 846 809 887 929 977 474 616 503 347 483 1,320 1,425 1,390 1,276 1,460 Q3/25 Q4/25 Q1/26 Q2/26 Q3/26 Consumer Business & Government
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Third Quarter 2026 | Canadian Consumer Lending Net write-offs and delinquencies were up YoY Net Write-off Ratio4 Balances ($B; principal) Reported Net Write-offs Q3/25 Q2/26 Q3/26 Canadian Residential Mortgages1 <0.01% 0.01% <0.01% Canadian Credit Cards 3.66% 4.62% 4.05% Canadian Personal Lending2 1.16% 1.22% 1.20% Total 0.37% 0.44% 0.41% 90+ Days Delinquency Rates3 Q3/25 Q2/26 Q3/26 Canadian Residential Mortgages1 0.36% 0.47% 0.51% Canadian Credit Cards 0.72% 0.92% 0.85% Canadian Personal Lending2 0.54% 0.61% 0.52% Total 0.41% 0.51% 0.53% Net Write-offs: • Overall consumer net write-off rates were down QoQ, but remained up YoY due to unemployment impacts and continuing macroeconomic uncertainty • Mortgage losses continue to remain low and are in-line with historical levels, reflecting the portfolio’s strong average loan-to-value ratios 90+ Days Delinquency: • Credit Cards’ delinquencies decreased QoQ but remained up YoY due to persistent high unemployment and ongoing macroeconomic uncertainty • Mortgage delinquencies are impacted by the current economic environment, particularly slower housing sales 3. See note 11 in the Glossary section; 4. See note 10 & 12 in the Glossary section; For additional endnotes see slides 45-51. 4 23 321 372 365 0.37% 0.44% 0.41% Q3/25 Q2/26 Q3/26 Net Write-offs ($MM) Net Write-off Ratio 232 236 237 40 39 39 43 43 43 21 22 22 336 340 341 Q3/25 Q2/26 Q3/26 Uninsured Mortgages Insured Mortgages Personal Lending Cards
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Third Quarter 2026 | In Closing Credit performance remains resilient despite isolated losses in select segments Disciplined allowance approach positions us well for ongoing economic volatility 24 Proactive risk management and early client outreach continue to support portfolio performance
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Appendix
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Third Quarter 2026 | AI @ CIBC Generating outcomes through improved client experience, team productivity, defensive capabilities, and an empowered workforce 26 • 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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Third Quarter 2026 | Digital Trends Growing digital adoption and engagement in Canadian Personal Banking1 27 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 For additional endnotes, see slides 45-51.
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Third Quarter 2026 | Canadian Personal & Commercial Banking1 Continued margin expansion driven by rates and business mix tailwinds 1,691 1,783 1,741 1,755 1,8301,684 1,776 1,735 1,748 1,824 Q3/25 Q4/25 Q1/26 Q2/26 Q3/26 2.81% Q3/25 2.90% Q4/25 3.00% Q1/26 3.01% Q2/26 3.04% Q3/26 335 337 339 339 341 108 110 110 113 115 Q3/25 Q4/25 Q1/26 Q2/26 Q3/26 443 447 449 451 456 Personal Loans Business Loans 220 219 219 219 218 130 134 138 136 138 Q3/25 Q4/25 Q1/26 Q2/26 Q3/26 350 353 357 355 356 Personal Deposits Business Deposits 28 3,081 3,214 3,332 3,253 3,428 659 668 696 649 668 Q3/25 Q4/25 Q1/26 Q2/26 Q3/26 3,740 3,882 4,028 3,902 4,096 Net Interest Income Non-Interest Income YIELD METRICSREVENUE ($MM) AVERAGE LOANS & DEPOSITS ($B)5,6NON-INTEREST EXPENSES ($MM) & EFFICIENCY RATIO Efficiency Ratio Rpt. 45.2% 45.9% 43.2% 45.0% 44.7% Adj.2 45.0% 45.7% 43.1% 44.8% 44.5% Rpt. Adj.2 Q3/25 Q4/25 Q1/26 Q2/26 Q3/26 Total Portfolio Spread Gross Inflow Spread Gross Outflow Spread Net Interest Margin3 Mortgage Portfolio Spreads4 For additional endnotes, see slides 45-51. Q3/26 mortgage revenue as % of total P&C revenue 9%
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Third Quarter 2026 | 29 ASSETS UNDER ADMINISTRATION2 (C$B) ASSETS UNDER MANAGEMENT3 (US$B) Wealth Management1 Strong markets and net sales drove asset growth 552 67084 34 Q3/25 Market Appreciation Net Sales Q3/26 +21% NET INCOME1 (C$MM) REVENUE1 (C$MM) 88 977 1 Q3/25 Market Appreciation Net Sales Q3/26 +10% Q3/25 Q4/25 Q1/26 Q2/26 Q3/26 1,250 1,356 1,431 1,403 1,505 +20% % of Total Bank 17% 18% 17% 18% 18% Q3/25 Q4/25 Q1/26 Q2/26 Q3/26 279 292 346 333 352 +26% Canada U.S Canada U.S For additional endnotes, see slides 45-51.
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Third Quarter 2026 | Balance Sheet Strong growth in loans and deposits; yields stable 576 585 592 598 609 274 281 297 301 314 253 253 265 263 268 Q3/25 Q4/25 Q1/26 Q2/26 Q3/26 1,103 1,119 1,155 1,162 1,190 Loans & Acceptances Securities Other 156 157 160 162 164 237 246 258 263 274 173 170 173 176 178 476 481 498 495 507 62 64 65 66 67 Q3/25 Q4/25 Q1/26 Q2/26 1,103 1,119 1,155 1,162 Q3/26 1,190 Notice/Demand - Personal Notice/Demand - Corporate & Commercial Term Other Equity 3.13% 5.51% 30 4.72% 4.66% 4.42% 4.46% 4.49% 3.14% 3.07% 2.81% 2.79% 2.85% Yield on Avg. Interest-Earning Assets Cost of Liabilities on Avg. Interest-Earning Assets 3.31% 2.43% 0.70% AVERAGE ASSETS ($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% For additional endnotes, see slides 45-51. 3.04% 5.30% 3.29% 2.40% 0.69% 2.95% 5.33%
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Third Quarter 2026 | Funding & Liquidity A well-diversified, high-quality, client-driven balance sheet Q3/26 | 127% Liquidity Coverage Ratio 100% Minimum Requirement Q3/26 | 113% 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 $500B of the total funding base • Funding strategy is supplemented in part by wholesale funding, which is diversified across investor type, geographies, currencies, maturities, security and funding instruments • Wholesale funding comprises of both short-term and long-term funding, across both secured and unsecured 62.7 7.1 8.1 49.5 TLAC Composition Other (Deductions) External Instruments Tier 2 Instruments Additional Tier 1 Capital CET1 Capital 127.2 24.5% TLAC Ratio 34.4% Minimum Requirement 31 Funding MixTotal Loss Absorbing Capacity (TLAC)1 TLAC RatioTLAC Composition ($B) For additional endnotes, see slides 45-51.
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Third Quarter 2026 | Interest Rate Sensitivity Effective interest rate risk management 32 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 For additional endnotes, see slides 45-51.
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Third Quarter 2026 | 481 548 612 78 57 (48) 0.33% 0.38% 0.40%0.38% 0.42% 0.37% Q3/25 Q2/26 Q3/26 PCL on Impaired PCL on Performing Impaired PCL Ratio Total PCL Ratio Provision for Credit Losses (PCL) PCL trended lower QoQ Provision for Credit Losses lower QoQ • Impaired provision was up in Q3/26 due to higher provisions in Canadian Commercial Banking & Wealth Management and Capital Markets • Our performing allowance declined by $48MM this quarter, reflecting the sale of a portfolio of US commercial real estate loans and credit migration Provision for Credit Losses Ratio ($MM) Q3/25 Q2/26 Q3/26 Cdn. Personal & Business Banking 444 474 427 Impaired 361 397 394 Performing 83 77 33 Cdn. Commercial Banking & Wealth 21 121 145 Impaired 25 97 132 Performing (4) 24 13 U.S. Commercial Banking & Wealth 17 21 (32) Impaired 57 40 37 Performing (40) (19) (69) Capital Markets 76 (15) 28 Impaired 37 10 53 Performing 39 (25) (25) Corporate & Other 1 4 (4) Impaired 1 4 (4) Performing - - - Total 559 605 564 Impaired 481 548 612 Performing 78 57 (48) 1. See note 2 & 3 in the Glossary section. 1 1 33
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Third Quarter 2026 | Allowance Coverage Allowance coverage trended higher both QoQ and YoY Total Allowance Coverage Ratio1 Performing and Impaired Allowance Coverage Ratios Total Allowance Coverage Ratio up QoQ and YoY • QoQ allowance increase is largely attributable to increased provisions on impaired loans in business and government loans Total Allowance Coverage Q3/25 Q2/26 Q3/26 Canadian Credit Cards 4.6% 5.4% 5.4% Canadian Residential Mortgages 0.1% 0.1% 0.2% Canadian Personal Lending 2.3% 2.7% 2.6% Canadian Small Business 2.9% 3.1% 2.9% Canadian Commercial Banking 0.5% 0.6% 0.7% U.S. Commercial Banking 1.7% 1.2% 1.0% Capital Markets 0.5% 0.5% 0.4% CIBC Caribbean 2.9% 2.6% 2.5% Total 0.78% 0.80% 0.81% 1. See note 5 in the Glossary section; 2. See note 7 in the Glossary section; 3. See note 6 in the Glossary section. 23 34 4,588 4,870 4,983 0.78% 0.80% 0.81% Q3/25 Q2/26 Q3/26 Allowance for Credit Losses ($MM) Allowance Coverage Ratio 29% 26% 30% 0.62% 0.64% 0.62% Q3/25 Q2/26 Q3/26 Impaired ACL to GIL Performing ACL to Performing Loans
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Third Quarter 2026 | Canadian Real Estate Secured Personal Lending Mortgage delinquencies performing in line with expectations Mortgage Balances ($B; principal)HELOC Balances ($B; principal) 90+ Days Delinquency Rates3 Q3/25 Q2/26 Q3/26 Total Mortgages 0.36% 0.47% 0.51% Insured Mortgages 0.33% 0.41% 0.44% Uninsured Mortgages 0.37% 0.48% 0.52% Uninsured Mortgages in GVA2 0.36% 0.47% 0.53% Uninsured Mortgages in GTA2 0.44% 0.61% 0.66% 2 222 Canadian Uninsured Mortgage Loan-To-Value1 Ratios 2 2 • Portfolio average Loan-To-Value (LTV) ratio continues to remain healthy • Condominium mortgages account for 17% of our total residential mortgage portfolio, with a 16% insured mix. This segment continues to perform better than the broader portfolio For endnotes see slides 45-51. 35 33 33 33 93 93 93 146 149 149 272 275 275 Q3/25 Q2/26 Q3/26 GVA GTA Other Region 55% 57% 58% 58% 49% 50% 52% 53% 58% 60% 62% 62% Q4/25 Q1/26 Q2/26 Q3/26 Canada GVA GTA 2.6 2.7 2.7 6.6 6.6 6.6 10.6 10.4 10.5 19.8 19.7 19.8 Q3/25 Q2/26 Q3/26 GVA GTA Other Region
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Third Quarter 2026 | For endnotes see slides 45-51. Canadian Mortgages Renewal Profile – FY26 and FY27 Outlook Impacts of payment increases at renewal expected to be minimal 36 • Using illustrative 4.0% and 4.5% mortgage rates at time of renewal, and no borrower income growth since origination, average mortgage payment increases are forecasted to be less than 1.8% of clients’ income • Low loan-to-value of renewal mortgages ranging from 56% to 62% over the next five quarters • Proactive outreach included a number of initiatives throughout the years to help our clients through the higher-interest rate environment • At today’s rates, most accounts to be renewed in Q3/27 and onwards are expected to have either lower or relatively flat monthly payment requirements Current Balances by Renewal Quarter1 ($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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Third Quarter 2026 | Canadian Uninsured Residential Mortgages Credit bureau score1 and LTV2 distributions remain healthy Credit Bureau Score1 Distribution Loan-to-Value (LTV)2 Distribution 3 3 3 3 For endnotes see slides 45-51. 37 5% 6% 12% 18% 59% 4% 5% 10% 16% 65% 6% 6% 11% 17% 60% 5% 6% 12% 17% 60% ≤650 651-700 701-750 751-800 >800 Canada Total GVA GTA Canada Variable Rate 12% 17% 21% 24% 26% 18% 20% 22% 21% 19% 11% 14% 17% 22% 36% 11% 16% 20% 23% 30% <30% 30 to <45% 45 to <60% 60 to ≤75% >75% Canada Total GVA GTA Canada Variable Rate
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Third Quarter 2026 | Canadian Uninsured Residential Mortgages – Q3/26 Originations1 Credit quality of new originations continues to remain high Credit Bureau Score4 Distribution Loan-to-Value (LTV)2 Distribution 3 3 3 3 • Originations of $13B in Q3/26 • Average LTV2 in Canada: 67%, GVA3: 64%, GTA3: 67% For endnotes see slides 45-51. 38 2% 7% 15% 22% 54% 1% 6% 15% 22% 56% 2% 6% 14% 23% 55% 1% 7% 16% 24% 52% ≤650 651-700 701-750 751-800 >800 Canada Total GVA GTA Canada Variable Rate 3% 7% 15% 31% 44% 4% 10% 17% 35% 34% 3% 7% 15% 31% 44% 3% 7% 14% 30% 46% <30% 30 to <45% 45 to <60% 60 to ≤75% >75% Canada Total GVA GTA Canada Variable Rate
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Third Quarter 2026 | $611B Loan Portfolio is Highly Diversified Lending portfolio has a strong risk profile and is well diversified Q3/26 Overall Loan Mix (Net Outstanding Loans and Acceptances) 47% 3% 4% 10% 10% 16% HELOC Cards 2% Auto Lending3% Personal Lending2% Retailers Commercial Real Estate Financial Institutions Other Business & Government Consumer 59% Business & Government 41% Real Estate Secured Lending Capital Call Facilities $14B 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 39 $63BOther Collateralized Finance $10B Capital Call Facilities $16B Traditional Lending $20B Private Credit $17B Business Services 3% • Lending to loan warehouses of private credit funds and Business Development Companies (BDCs) that are collateralized by the loans made to end borrowers • Secured loans benefiting from conservative advance rates, backed by diversified pools of collateral with strong risk mitigants such as asset approval rights, cross-collateralization, and performance triggers • Private credit exposure is limited to under 3% of our total bank loans • Exposure most sensitive to tariffs represents less than 1% of our total bank loans
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Third Quarter 2026 | Commercial Real Estate Commercial real estate loans outstanding are well diversified Canadian Commercial Real Estate Loans Outstanding by Sector3 U.S. Commercial Real Estate Loans Outstanding by Sector4,5 • 60% of drawn loan investment grade • 55% of drawn loan investment grade • Canada represents 64% of total Canadian & U.S. real estate loans outstanding • Gross impaired loans as a percentage of total Canadian & U.S. real estate is 0.47% • Overall, the multi-family portfolio benefits from solid underlying fundamentals • Condominium developer loans represent less than 1% of our total loan portfolio Multi-Family Portfolio Metrics Canada US Total outstanding ($B) C$13.6 US$5.4 Weighted Average LTV1 61% 55% Watchlist2 Loan Ratio 0.4% 6.6% Gross Impaired Loan Ratio <0.1% 0% Annualized Net Charge-off Ratio 0% 0.2% Investment Grade Mix of Drawn Loans 72% 58% For endnotes see slides 45-51. 40
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Third Quarter 2026 | Trading Revenue Distribution Robust trading performance in recent volatile market 41 (20) (10) 0 10 20 30 40 (20) (10) 0 10 20 30 40 Trading Revenue VaR ($MM) ($MM) May-26 Jun-26 Jul-26
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Third Quarter 2026 | Forward Looking Information Variables used to estimate our Expected Credit Losses1 Forward-Looking Information Variables As at July 31, 2026 Avg. Value over the next 12 months Base Case Avg. Value over the remaining forecast period Base Case Avg. Value over the next 12 months Upside Case Avg. Value over the remaining forecast period Upside Case Avg. Value over the next 12 months Downside Case Avg. Value over the remaining forecast period Downside Case Canadian GDP YoY Growth 1.5% 1.9% 2.3% 2.3% 0% 1.1% US GDP YoY Growth 1.9% 2.0% 4.0% 3.0% 0.6% 1.3% Canadian Unemployment Rate 6.5% 6.0% 6.2% 5.5% 6.8% 6.7% US Unemployment Rate 4.3% 4.1% 3.9% 3.6% 5.1% 4.8% Canadian Housing Price Index YoY Growth (0.1)% 3.5% 2.6% 5.9% (2.7)% 1.8% Canadian Household Debt Service Ratio 14.6% 14.8% 14.5% 14.5% 15.0% 15.5% West Texas Intermediate Oil Price (US$) $76 $67 $96 $81 $59 $55 Forward-Looking Information Variables As at April 30, 2026 Avg. Value over the next 12 months Base Case Avg. Value over the remaining forecast period Base Case Avg. Value over the next 12 months Upside Case Avg. Value over the remaining forecast period Upside Case Avg. Value over the next 12 months Downside Case Avg. Value over the remaining forecast period Downside Case Canadian GDP YoY Growth 1.4% 1.9% 2.1% 2.3% 0.4% 1.1% US GDP YoY Growth 1.8% 2.0% 2.9% 2.9% 0.7% 1.2% Canadian Unemployment Rate 6.7% 6.0% 6.1% 5.5% 7.0% 6.8% US Unemployment Rate 4.6% 4.1% 3.8% 3.5% 5.0% 4.7% Canadian Housing Price Index YoY Growth (0.6)% 3.2% 3.7% 5.2% (5.1)% 0% Canadian Household Debt Service Ratio 14.7% 14.9% 14.4% 14.6% 15.1% 15.7% West Texas Intermediate Oil Price (US$) $78 $68 $89 $80 $52 $55 For endnotes see slides 45-51. 42
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Third Quarter 2026 | Items of Note Period Q3/26 Line Item Reporting Segments Pre-Tax Effect ($MM) After-Tax & NCI Effect ($MM) EPS Effect ($/Share) Amortization of acquisition-related intangible assets 2 1 0.00 Revenue U.S. Commercial Banking and Wealth Management Amortization of acquisition-related intangible assets 8 6 0.01 Expenses Canadian Personal and Business Banking U.S. Commercial Banking and Wealth Management CIBC Caribbean impairment charge 269 232 0.25 Expenses Corporate & Other Adjustment to Net Income attributable to common shareholders and EPS 279 239 0.26 . 43
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Third Quarter 2026 | 44 Definition 1 Net Interest Margin on Average Interest-Earning Assets (Excluding Trading) Net interest margin on average interest-earning assets (excluding trading) is computed using total net interest income minus trading net interest income, divided by total average interest-earning assets excluding average trading interest-earning assets. 2 Total PCL Ratio Provision for (reversal of) credit losses to average loans and acceptances, net of allowance for credit losses. 3 Impaired PCL Ratio Provision for (reversal of) credit losses on impaired loans to average loans and acceptances, net of allowance for credit losses. 4 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 Capital Adequacy Requirements (CAR) 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. 5 Total Allowance Coverage Ratio Total allowance for credit losses to gross carrying amount of loans. The gross carrying amount of loans include certain loans that are measured at FVTPL. 6 Impaired ACL to GIL Allowance for credit losses on impaired loans as a percentage of gross impaired loans. 7 Performing ACL to Performing Loans Allowance for credit losses on performing loans as a percentage of the gross carrying amount of performing loans. The gross carrying amount of performing loans include certain loans that are measured at FVTPL. 8 Gross Impaired Loan Ratio Gross impaired loans as a percentage of the gross carrying amount of loans. The gross carrying amount of loans include certain loans that are measured at FVTPL. 9 New Formations New formations represent gross carrying amount of loans which are newly classified as impaired during the quarter. 10 Net Write-Off Ratio Net write-offs as a percentage of average loan balances, net of allowance for credit losses. 11 90+ Days Delinquency Rate 90+ days delinquencies as a percentage of the gross carrying amount of loans. 12 Net Write-Offs Net write-offs include write-offs net of recoveries. 13 Average Interest-Earning Assets Average interest-earning assets include interest-bearing deposits with banks, interest-bearing demand deposits with the Bank of Canada, securities, cash collateral on securities borrowed or securities purchased under resale agreements, loans net of allowance for credit losses, and certain sublease related assets. Average balances are calculated as a weighted average of average daily closing balances. 14 Total shareholder return (TSR) 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. 15 U.S. Region Earnings Contribution Net income for the U.S. Commercial Banking and Wealth Management segment and Capital Markets U.S. region results as a percentage of net income for the entire Bank. 16 Net interest margin on average interest-earning assets Net interest income as a percentage of average interest-earning assets. Glossary
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Third Quarter 2026 | Slide 3 – CIBC Overview 1. Adjusted results are non-GAAP measures. see slide 52-53 for further details. 2. Pre-provision, pre-tax earnings (PPPT) is revenue net of non-interest expenses and is a non-GAAP measure. see slide 52-53 for further details. 3. 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 as the sum of common share dividends and share buybacks divided by net income attributable to common shareholders for the period. 6. Normal Course Issuer Bid. On June 4, 2026, we announced that the Toronto Stock Exchange had accepted the notice of our int ention 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 purc hased 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. 7. Our capital ratios are calculated pursuant to OSFI’s Capital Adequacy Requirements (CAR) Guideline, which is based on BCBS standards. For additional information, see the “Capital management” section in Q3/26 Quarterly Report to Shareholders, available on SEDAR+ at www.sedarplus.com. 8. Last twelve months (LTM) Slide 4 – Strategic Priorities - Continued progress in Q3/26 1. Personal Banking clients with dedicated advisors. Based on spot balance as of June 30, 2025 and June 30, 2026. 2. Money-in balances include deposits, GICs, and investments. Based on spot balance as of June 30, 2025 and June 30, 2026. 3. 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 30, 2026 (spot balance). 4. Based on number of accounts openings for the quarter ending July 31, 2025 and July 31, 2026. 5. Capital markets notes issuance through Wood Gundy excludes U.S GICs. Slide 7 – Q3/26 Results Snapshot 1. 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. 2. Adjusted results are non-GAAP measures. see slide 52-53 for further details. 3. Pre-provision, pre-tax earnings (PPPT) is revenue net of non-interest expenses and is a non-GAAP measure. see slide 52-53 for further details. 5. OSFI requirement of 11.0% includes Pillar 1 minimum and Domestic Stability Buffer, this was reduced from 11.5% effective June/26 6. LCR is calculated pursuant to OSFI’s Liquidity Adequacy Requirements (LAR) Guideline, which is based on BCBS standards. For additional information, see the “Liquidity risk” section in Q3/26 Quarterly Report to Shareholders available on SEDAR+ at www.sedarplus.com. Endnotes 45
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Third Quarter 2026 | Slide 8 – Financial Overview 1. Adjusted results are non-GAAP measures. see slide 52-53 for further details. 3. 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. 4. Pre-provision, pre-tax earnings is revenue net of non-interest expenses and is a non-GAAP measure. see slide 52-53 for further details. Slide 9 - Net Interest Income (NII) 3. Hedging Strategy reflects the sustained impact of tractor rates managed by Treasury and passed to the business. 5. Includes the results of Canadian Personal and Business Banking and Canadian Commercial Banking, which is part of Canadian Commercial and Wealth Management. 6. Loan amounts are stated before any related allowances. 7. Average balances are calculated as a weighted average of daily closing balances. Slide 10 - Non-Interest Income 2. Market-related fees include underwriting and advisory, investment management and custodial, and mutual fund fees, commissions on securities transactions, gains/losses from financial instruments measured at FVTPL, debt securities measured at FVOCI, and the amount of foreign-exchange other than trading income (loss) that is market-driven. Transactional fees include deposit and payment, credit, and card fees, and the portion of foreign exchange other than trading that is transactional in nature. 3. Other primarily includes insurance fees, income from equity-accounted associates and joint ventures, and other. 4. Chart reflects the allocation of foreign-exchange other than trading income (loss) between market-driven and transactional revenues. 5. The pie charts reflects the amount allocated to various sources within Market-related fees and Transactional fees Slide 11 - Non-Interest Expenses 1. Adjusted results are non-GAAP measures. see slide 52-53 for further details. 2. Includes investments which are incremental costs associated with front-line hires related to growth initiatives, investments in enterprise initiatives, investments in infrastructure in the U.S., and other growth initiatives. 3. Efficiencies include incremental direct operating expense (DOE) savings from cost savings initiatives implemented relative to the prior year. Slide 12 - 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. Endnotes 46
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Third Quarter 2026 | Slide 12 - Capital and Liquidity 3. Normal Course Issuer Bid. On June 4, 2026, we announced that the Toronto Stock Exchange had accepted the notice of our int ention 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 13 – Canadian Personal & Business Banking 1. Adjusted results are non-GAAP measures. see slide 52-53 for further details. 2. Pre-provision, pre-tax earnings is revenue net of non-interest expenses and is a non-GAAP measure. see slide 52-53 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 14 – Canadian Commercial Banking & Wealth Management 1. Adjusted results are non-GAAP measures. see slide 52-53 for further details. 2. Pre-provision, pre-tax earnings is revenue net of non-interest expenses and is a non-GAAP measure. see slide 52-53 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). Slide 15 – U.S. Commercial Banking & Wealth Management 1. Adjusted results are non-GAAP measures. see slide 52-53 for further details. 2. Pre-provision, pre-tax earnings is revenue net of non-interest expenses and is a non-GAAP measure. see slide 52-53 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. Endnotes 47
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Third Quarter 2026 | Slide 16 – Capital Markets 1. Adjusted results are non-GAAP measures. see slide 52-53 for further details. 2. Pre-provision, pre-tax earnings is revenue net of non-interest expenses and is a non-GAAP measure. see slide 52-53 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 Slide 17 – Corporate & Other 1. Adjusted results are non-GAAP measures. see slide 52-53 for further details. 2. Pre-provision, pre-tax earnings is revenue net of non-interest expenses and is a non-GAAP measure. see slide 52-53 for further details. Slide 22 – Credit Performance – Gross Impaired Loans 1. Includes multi-family mortgages. 2. Includes wealth management loans under Canadian Commercial Banking and Wealth Management. 3. Excludes CIBC Caribbean business & government loans. Slide 23 – Canadian Consumer Lending 1. Includes multi-family mortgages. 2. Includes wealth management loans under Canadian Commercial Banking and Wealth Management. Endnotes 48
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Third Quarter 2026 | Slide 27 – Digital Trends 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 28 – Canadian Personal & Commercial Banking 1. Includes the results of Canadian Personal and Business Banking and Canadian Commercial Banking. 2. Adjusted results are non-GAAP measures. see slide 52-53 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 Q3/26 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 originat ions. 5. Average balances are calculated as a weighted average of daily closing balances. 6. Average loans and acceptances, before any related allowances. Endnotes 49
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Third Quarter 2026 | Slide 29 – Wealth Management 1. Includes the results of Canadian Wealth Management and U.S. Private Wealth Management, excludes Imperial Service in Canadian Personal and Business Banking. 2. Assets under management (AUM) are included in 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. Spot balances. 3. Includes certain Canadian Commercial Banking and Wealth Management assets that U.S. Commercial Banking and Wealth Management provides sub-advisory services for. Slide 30 – 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. Slide 31 – 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 Q3/26 Quarterly Report to Shareholders, available on SEDAR+ at www.sedarplus.com. Slide 32 – 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 35 – 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. Endnotes 50
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Third Quarter 2026 | Slide 36 – 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 37 – Canadian Uninsured Residential Mortgages 1. Starting Q2/23, our primary credit score provider is TransUnion as opposed to Equifax in the prior quarters. The scores are not identical, so score distributions up to Q1/23 are not directly comparable to score distributions from Q2/23 and onwards. This change in credit score provider had no material impacts on provision for credit losses. 2. 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. 3. GVA and GTA definitions based on regional mappings from Teranet. Slide 38 – Canadian Uninsured Residential Mortgages – Q3/26 Originations 1. Originations include new loan transactions and refinancing of existing mortgages, but not renewals. 2. 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. 3. GVA and GTA definitions based on regional mappings from Teranet. 4. Starting Q3/23, our primary credit score provider is TransUnion as opposed to Equifax in the prior quarters. The scores are not identical, so score distributions up to Q2/23 are not directly comparable to score distributions starting Q3/23 and onwards. This change in credit score provider had no material impacts on provision for credit losses. Slide 40 – 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 $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 42 – Forward Looking Information 1. See page 68 of Q3/26 report to shareholders for Q3/26 and Q2/26 forward looking information, available on SEDAR+ at www.sedarplus.com for further details. Endnotes 51
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Third Quarter 2026 | Non-GAAP Measures 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. Adjusted measures 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. 52
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Third Quarter 2026 | Non-GAAP Measures 53 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 Non-Interest Income We adjust our reported non-interest income to remove the pre-tax impact of items of note, to calculate the adjusted non-interest income. 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. 5 Adjusted Non-Trading Non-Interest Income We adjust our reported non-interest income to remove the pre-tax impact of items of note and trading activities, to calculate the adjusted non-trading non-interest income. Refer to Note 4 in the Glossary section for additional details on “Trading Revenue”. 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. 6 Adjusted Net Interest Income & Adjusted Non-Trading Net Interest Income We adjust our reported net interest income to remove the pre-tax impact of items of note, to calculate adjusted net interest income, and we adjust our reported net interest income to remove the pre-tax impact of items of note and trading activities, to calculate the adjusted non-trading net interest income. Refer to Note 4 in the Glossary section for additional details on “Trading Revenue”. 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. 7 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. 8 Adjusted Efficiency Ratio We adjust our reported revenue and non-interest expenses to remove the impact of items of note. 9 Adjusted Trading Revenue We adjust our reported trading revenue to remove the pre-tax impact of items of note, to calculate the adjusted trading revenue. Refer to Note 4 in the Glossary section for additional details on “Trading Revenue”. 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. 10 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 54
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Third Quarter 2026 | Reconciliation for Non-GAAP Financial Measures 55
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Third Quarter 2026 | Reconciliation for Non-GAAP Financial Measures 56
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Third Quarter 2026 | Reconciliation for Non-GAAP Financial Measures 58 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 59 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