TORONTO, Aug. 29, 2024 /CNW/ - CIBC (TSX: CM) (NYSE: CM) today announced its financial results for the third quarter ended July 31, 2024.
Third quarter highlights
Q3/24
Q3/23 (1)
Q2/24
YoY
Variance
QoQ Variance
Revenue
$6,604 million
$5,852 million
$6,164 million
+13 %
+7 %
Reported Net Income
$1,795 million
$1,432 million
$1,749 million
+25 %
+3 %
Adjusted Net Income (2)
$1,895 million
$1,475 million
$1,718 million
+28 %
+10 %
Adjusted pre-provision, pre-tax earnings (2)
$2,939 million
$2,602 million
$2,690 million
+13 %
+9 %
Reported Diluted Earnings Per Share (EPS)
$1.82
$1.47
$1.79
+24 %
+2 %
Adjusted Diluted EPS (2)
$1.93
$1.52
$1.75
+27 %
+10 %
Reported Return on Common Shareholders' Equity (ROE) (3)
13.2 %
11.6 %
13.7 %
Adjusted ROE (2)
14.0 %
12.0 %
13.4 %
Net interest margin on average interest-earnings assets (3)(4)
1.50 %
1.49 %
1.46 %
Net interest margin on average interest-earnings assets (excluding trading) (3)(4)
1.84 %
1.67 %
1.72 %
Common Equity Tier 1 (CET1) Ratio (5)
13.3 %
12.2 %
13.1 %
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