Financial Highlights

In 2016 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 2015 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)

 2016

 2015

Financial results

Revenue

15.0

13.9

Provision for credit losses

1.1

0.8

Non-interest expenses

9.0

8.9

Net income

4.3

3.6

Financial measures (%)

Adjusted efficiency ratio(1)

58.0

59.6

Return on common shareholders’ equity (ROE)

19.9

18.7

Net interest margin

1.64

1.74

Total shareholder return

5.2

2.0

Common share information

Market capitalization

39.9

39.8

Dividends (%)

Dividend yield

4.7

4.3

Adjusted dividend payout ratio(1)

46.4

45.4

Net income by Strategic Business Unit

Retail and Business Banking

2.7

2.5

Wealth Management

0.9

0.5

Capital Markets

1.1

1.0

  • Total revenue
    ($ billions)
    2014: 13.4, 2015: 13.9, 2016: 15.0
  • Net income
    ($ billions)
    2014: 3.2, 2015: 3.6, 2016: 4.3
  • Adjusted diluted earnings per share(1) ($)
    2014: 8.94, 2015: 9.45, 2016: 10.22
  • Adjusted return on common shareholders’ equity(1) (%)
    2014: 20.9, 2015: 19.9, 2016: 19.0
  • Dividend
    ($/share)
    2014: 3.94, 2015: 4.30, 2016: 4.75

Client Experience Metrics(2): Change from 2014 to 2016

  • J.D. Power Canadian Retail Banking Satisfaction Study
     
    Peer average: +10.5, CIBC: +19.0
  • Ipsos CSI Net Promoter Score
     
     
    Peer average: +1.8, CIBC: +6.7
  • Business Mix
    % adjusted net income(1)
     
    Retail and business banking: 64.9, Capital markets: 26.9, Wealth management: 11.9, Corporate and other: -3.7
(1)
For additional information, see the “Non-GAAP measures” section of the MD&A.
(2)
Peer Avg. includes BMO, BNS, RBC and TD.