Financial Highlights

In 2017 we advanced our client-focused strategy, created value for our shareholders and delivered strong earnings growth.

Table that summarizes key financial metrics for CIBC’s for 2016 and 2017 including financial results, financial measures, common share information, dividends, and net income by Strategic Business Unit.

  For the year ended October 31
(Canadian $ in billions, except as noted)


 
2017


 
2016

Financial results

Revenue

16.3

15.0

Provision for credit losses

0.8

1.1

Expenses

9.6

9.0

Net income

4.7

4.3

Financial measures (%)

Reported/Adjusted efficiency ratio(1)

58.8/57.2

59.7/58.0

Return on common shareholders’ equity (ROE)

18.3

19.9

Net interest margin

1.66

1.64

Total shareholder return

18.3

5.2

Common share information

Market capitalization

49.9

39.9

Dividends (%)

Dividend yield

4.5

4.7

Reported/Adjusted dividend payout ratio(1)

45.6/46.2

44.3/46.4

Net income by Strategic Business Unit

Canadian Personal and Small Business Banking

2.4

2.2

Canadian Commercial Banking and Wealth Management

1.1

1.0

U.S. Commercial Banking and Wealth Management

0.2

0.1

Capital Markets

1.1

1.0

  • Reported revenue
    ($ billions)
    2015: 13.9, 2016: 15.0., 2017: 16.3
  • Reported net income
    ($ billions)
    2015: 3.6, 2016: 4.3, 2017: 4.7
  • Adjusted earnings per share(1) ($)
     2015: 9.45, 2016: 10.22, 2017: 11.11
  • Adjusted return on common shareholders’ equity(1) (%)
     2015: 19.9, 2016: 19.0, 2017: 18.1
  • Dividend
    ($/share)
    2015: 4.30, 2016: 4.75, 2017: 5.08

Client Experience Metric: Improvement in Gap to #1(2) 2013 to 2017

  • J.D. Power Canadian Retail Banking Satisfaction Study
     
    2013: 31.0, 2017: 10.0
  • Ipsos CSI Net
    Promoter Score
     
    2013: 25.7, 2017: 15.5
  • Business Mix
    % adjusted net income(1)
     
    Canadian Personal and Small Business Banking 48, Canadian Commercial Banking and Wealth Management 24, U.S. Commercial Banking and Wealth Management 5, Capital Markets 23, Corporate and Other 0
(1)
For additional information, see the “Non-GAAP measures” section of the MD&A.
(2)
Gap to #1 is a measure of CIBC’s ranking relative to Canada’s Big 5 banks.