Financial Data and Key Metrics Changes - The company reported net income of $2,100,000,000, an increase of 11% from the prior year, and earnings per share of $2.16, up 12% [9] - Pre-provision pre-tax earnings rose by 12%, supported by broad-based growth across all operating units and healthy margin expansion [9][21] - The CET1 ratio at the end of the quarter was 13.4%, stable quarter over quarter, with a return on equity of 14.2%, up 20 basis points from the prior year [11][22] Business Line Data and Key Metrics Changes - Canadian Personal and Business Banking adjusted net income increased by 17% to $817,000,000, driven by higher revenue growth and margin expansion [29] - Canadian Commercial Banking and Wealth Management saw net income and pre-provision pre-tax earnings up 19% and 16% respectively, with revenues up 13% [30] - U.S. Commercial Banking and Wealth Management net income was up 15%, with revenues increasing by 8% [32] Market Data and Key Metrics Changes - Capital Markets segment net income increased by 43% year over year, with revenues up 24% [34] - The U.S. segment revenue growth was up 37% year to date, contributing significantly to the overall performance [16] - Non-interest income was $3,200,000,000, up 4%, with market-related fees increasing by 10% [26] Company Strategy and Development Direction - The company emphasized a client-focused strategy that is yielding strong results, with a focus on deepening client relationships and expanding digital banking capabilities [6][15] - The leadership transition is expected to accelerate the execution of the company's strategy under new CEO Harry Culham [7][8] - The company plans to continue returning capital to shareholders while supporting client growth ambitions [11][28] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's resilience amid global trade tensions and economic uncertainty, anticipating increased client activity as the trade environment stabilizes [18][19] - The company expects to continue executing its strategy regardless of macroeconomic conditions, focusing on supporting clients and optimizing capital [19][20] - Management highlighted improving profitability, top-tier credit quality, and robust top-line growth as key indicators of the company's strength [20] Other Important Information - The company launched innovative solutions, including the CIBC Education Portfolios and a new dedicated business banking program for skilled trades professionals [13] - The digital banking capabilities were recognized with high customer satisfaction rankings, reflecting the company's commitment to exceeding client expectations [14] - The AI-powered voice assistant and CAI platform received awards for enhancing customer experience and operational efficiency [17] Q&A Session Summary Question: Is it the intention to complete the renewed NCIB? - The company confirmed the completion of the previous buyback and expressed confidence in the earnings trajectory, indicating a consistent approach to capital management [45][46] Question: What is the true ROE potential of the company? - Management indicated that while the ROE target was recalibrated, the conviction in the strategy remains strong, with expectations for continued upward movement in ROE [52][54] Question: What is the outlook on margin expansion? - Management expressed optimism about sustainable margin increases, driven by strategic execution and favorable market conditions [60][64] Question: How is the company managing credit risks amid economic uncertainties? - Management highlighted the resilience of Canadian consumer portfolios and the proactive measures taken to manage risks, including maintaining robust provisions [75][84] Question: What is the status of the Imperial Service and its impact on wealth management? - Management emphasized the importance of the Imperial Service in driving the mass affluent strategy and noted ongoing investments to enhance productivity and client engagement [102][106]

Financial Data and Key Metrics Changes - The company reported net income of $2.1 billion, an increase of 11% from the prior year, and earnings per share of $2.16, up 12% [7] - Pre-provision pre-tax earnings rose by 12%, supported by broad-based growth across all operating units and healthy margin expansion [7][21] - The CET1 ratio ended the quarter at 13.4%, with a return on equity of 14.2%, up 20 basis points from the prior year [9][20] Business Line Data and Key Metrics Changes - Canadian Personal and Business Banking adjusted net income increased by 17% to $817 million, driven by higher revenue growth and margin expansion [26] - Canadian Commercial Banking and Wealth Management saw net income and pre-provision pre-tax earnings up 19% and 16% respectively, with revenues up 13% [28] - Capital Markets net income increased by 43% year-over-year, with revenues up 24%, driven by strong performance in Global Markets and Investment Banking [31] Market Data and Key Metrics Changes - In the U.S. segment, net income was up 15% from the prior year, with revenues increasing by 8% [29] - The Canadian P&C net interest margin was up 27 basis points year-over-year, reflecting the benefits from the rate environment [26] - The U.S. net interest margin was up 6 basis points sequentially, driven by strength in deposits [22] Company Strategy and Development Direction - The company emphasized a client-focused strategy that is yielding strong results, with a focus on deepening client relationships and expanding digital banking capabilities [5][11] - The launch of innovative solutions, such as the CIBC Education Portfolios and a new dedicated business banking program, reflects the company's commitment to enhancing client offerings [11][12] - The company is well-positioned to capture emerging opportunities despite global trade tensions and economic uncertainty [16][17] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the bank's resilience and ability to navigate shifts in economic conditions, anticipating increased client activity as the global trade environment stabilizes [16][17] - The outlook remains positive, with expectations for continued growth driven by a diversified platform and strong client relationships [17][18] - Management highlighted the importance of maintaining a disciplined approach to credit risk management amid evolving macroeconomic conditions [34][39] Other Important Information - The company announced a new normal course issuer bid for 2% of its outstanding common shares, reflecting a balanced approach to capital management [9][19] - The bank's digital registration surpassed 10 million clients, indicating strong momentum in digital banking [12] - The AI-powered voice assistant and CIBC AI platform received recognition for enhancing customer experience [15] Q&A Session Summary Question: Is it the intention to complete the renewed NCIB? - Management confirmed the completion of the previous buyback and expressed confidence in the bank's earnings trajectory, indicating plans to continue the buyback program [42][44] Question: What is the true ROE potential of the company? - Management indicated that while the ROE target was recalibrated, the conviction in the strategy remains strong, with expectations for continued upward movement in ROE [50][52] Question: What is the outlook for margins going forward? - Management acknowledged the significant margin increases but suggested that future improvements would be more gradual, maintaining a positive outlook [85] Question: Can you provide an update on the Imperial Service? - Management highlighted the Imperial Service as a core driver of the mass affluent strategy, emphasizing ongoing investments in technology and adviser productivity [100][106]

Quarterly Results Presentation Third Quarter 2025 August 28, 2025 All amounts are in Canadian dollars unless otherwise indicated. Forward-Looking Statements Third Quarter 2025 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 in 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 ha ...