NYSE : CM
Canadian Imperial Bank of Commerce — Financial statements
Financials · Banks - Diversified · Canada
Last price 118.83 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 107.93B
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Financial statements
Income statement
Fiscal year November - October; amounts in CAD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Interest Income on Loans | 31.95B | 32.07B | 33.92B | 30.23B | 16.87B | 12.15B |
| Interest Income on Investments | 15.93B | 16.69B | 18.26B | 14.78B | 5.30B | 2.59B |
| Total Interest Income | 47.88B | 48.76B | 52.19B | 45.02B | 22.18B | 14.74B |
| Interest Paid on Deposits | 22.63B | 25.11B | 30.48B | 26.63B | 7.89B | 2.65B |
| Interest Paid on Borrowings | 7.96B | 7.88B | 8.01B | 5.56B | 1.65B | 631.00M |
| Total Interest Expense | 30.59B | 32.99B | 38.49B | 32.19B | 9.54B | 3.28B |
| Net Interest Income | 17.29B | 15.77B | 13.70B | 12.82B | 12.64B | 11.46B |
| Trust Income | 2.47B | 2.24B | 1.98B | 1.77B | 1.76B | 1.62B |
| Gain (Loss) on Sale of Investments | 101.00M | -14.00M | 43.00M | 83.00M | 35.00M | 90.00M |
| Gain (Loss) on Sale of Equity Investments | 180.00M | 117.00M | 79.00M | 30.00M | 47.00M | 55.00M |
| Other Non-Interest Income | 11.34B | 10.02B | 8.85B | 7.70B | 6.47B | 5.99B |
| Total Non-Interest Income | 15.06B | 13.36B | 11.91B | 10.51B | 9.19B | 8.56B |
| Revenues Before Loan Losses | 32.35B | 29.13B | 25.61B | 23.33B | 21.83B | 20.02B |
| Provision for Loan Losses | 2.34B | 2.34B | 2.00B | 2.01B | 1.06B | 158.00M |
| Revenue | 30.01B | 26.79B | 23.61B | 21.32B | 20.78B | 19.86B |
| Salaries and Employee Benefits | 8.52B | 7.58B | 6.67B | 7.21B | 6.74B | 5.38B |
| Selling, General & Administrative | 6.89B | 6.56B | 6.10B | 4.55B | 4.53B | 4.74B |
| Other Non-Interest Expense | 1.97B | 1.70B | 1.65B | 1.53B | 1.35B | 1.13B |
| Total Non-Interest Expense | 17.39B | 15.85B | 14.44B | 13.29B | 12.62B | 11.26B |
| EBT Excluding Unusual Items | 12.61B | 10.94B | 9.17B | 8.03B | 8.16B | 8.59B |
| Legal Settlements | -1.06B | -146.00M | -163.00M | |||
| Other Unusual Items | 2.00M | -1.00M | ||||
| Pretax Income | 12.61B | 10.94B | 9.17B | 6.97B | 7.97B | 8.32B |
| Income Tax Expense | 2.46B | 2.48B | 2.01B | 1.93B | 1.73B | 1.88B |
| Earnings From Continuing Operations | 10.15B | 8.45B | 7.15B | 5.04B | 6.24B | 6.45B |
| Minority Interest in Earnings | -31.00M | -25.00M | -39.00M | -38.00M | -23.00M | -17.00M |
| Net Income | 10.12B | 8.43B | 7.12B | 5.00B | 6.22B | 6.43B |
| Preferred Dividends & Other Adjustments | 464.00M | 364.00M | 263.00M | 267.00M | 171.00M | 158.00M |
| Net Income to Common | 9.66B | 8.06B | 6.85B | 4.73B | 6.05B | 6.27B |
| Basic Shares Outstanding | 920.62M | 935.37M | 939.35M | 915.63M | 903.31M | 897.91M |
| Diluted Shares Outstanding | 927.54M | 940.67M | 941.71M | 916.22M | 905.68M | 900.37M |
| EPS (Basic) | 10.49 | 8.62 | 7.29 | 5.17 | 6.70 | 6.98 |
| EPS (Diluted) | 10.42 | 8.57 | 7.28 | 5.17 | 6.68 | 6.96 |
| Dividend Per Share | 4.18 | 3.88 | 3.60 | 3.44 | 3.27 | 2.92 |
| Effective Tax Rate | 19.50% | 22.72% | 21.95% | 27.73% | 21.70% | 22.54% |
Balance sheet
Fiscal year November - October; amounts in CAD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 14.87B | 11.80B | 8.10B | 20.32B | 31.04B | 34.11B |
| Investment Securities | 292.39B | 264.24B | 263.54B | 238.21B | 205.95B | 174.85B |
| Trading Asset Securities | 177.06B | 167.21B | 142.48B | 115.97B | 110.33B | 108.16B |
| Mortgage-Backed Securities | 3.63B | 9.26B | 8.77B | 6.17B | 4.80B | 4.96B |
| Total Investments | 473.08B | 440.71B | 414.79B | 360.35B | 321.08B | 287.97B |
| Gross Loans | 616.06B | 595.53B | 563.65B | 534.62B | 521.55B | 456.02B |
| Allowance for Loan Losses | -4.65B | -4.39B | -3.92B | -3.90B | -3.07B | -2.85B |
| Other Adjustments to Gross Loans | -1.02B | -815.00M | -706.00M | -689.00M | -591.00M | |
| Net Loans | 611.41B | 590.12B | 558.92B | 530.01B | 517.79B | 452.58B |
| Property, Plant & Equipment | 3.59B | 3.44B | 3.36B | 3.25B | 3.38B | 3.29B |
| Goodwill | 5.44B | 5.47B | 5.44B | 5.42B | 5.35B | 4.95B |
| Other Intangible Assets | 2.92B | 2.89B | 2.83B | 2.74B | 2.59B | 2.03B |
| Accrued Interest Receivable | 4.17B | 4.21B | 3.50B | 2.23B | 1.27B | |
| Other Receivables | 4.61B | 3.85B | 3.58B | 3.89B | 2.54B | |
| Restricted Cash | 24.13B | 22.28B | 17.49B | 15.14B | 29.46B | 19.43B |
| Other Current Assets | 15.22B | 11.85B | 20.75B | 14.53B | 14.54B | |
| Long-Term Deferred Tax Assets | 1.23B | 1.03B | 821.00M | 647.00M | 480.00M | 402.00M |
| Other Real Estate Owned & Foreclosed | 2.00M | 2.00M | 8.00M | 13.00M | 24.00M | 18.00M |
| Other Long-Term Assets | 41.11B | 15.19B | 10.32B | 9.96B | 11.76B | 14.55B |
| Total Assets | 1.18T | 1.12T | 1.04T | 975.69B | 943.60B | 837.68B |
| Accounts Payable | 3.46B | 3.20B | 2.80B | 2.61B | 2.26B | |
| Accrued Expenses | 5.07B | 3.90B | 2.58B | 2.74B | 2.96B | |
| Interest Bearing Deposits | 663.46B | 614.91B | 589.82B | 556.49B | 534.50B | 462.29B |
| Non-Interest Bearing Deposits | 113.90B | 109.93B | 103.08B | 102.80B | 117.31B | 115.97B |
| Total Deposits | 777.36B | 724.85B | 692.90B | 659.29B | 651.81B | 578.27B |
| Short-Term Borrowings | 75.78B | 71.69B | 70.29B | 68.04B | 72.51B | 57.64B |
| Current Portion of Long-Term Debt | 13.44B | 148.79B | ||||
| Current Portion of Leases | 336.00M | |||||
| Accrued Interest Payable | 4.00B | 4.98B | 4.53B | 2.01B | 781.00M | |
| Other Current Liabilities | 5.81B | 4.46B | 14.20B | 17.50B | 17.62B | |
| Long-Term Debt | 206.85B | 72.34B | 189.57B | 157.68B | 129.20B | 120.03B |
| Long-Term Leases | 1.65B | 2.03B | 2.02B | 2.17B | 2.13B | |
| Pension & Post-Retirement Benefits | 457.00M | 460.00M | 462.00M | 477.00M | 602.00M | |
| Long-Term Deferred Tax Liabilities | 43.00M | 47.00M | 49.00M | 40.00M | 45.00M | 38.00M |
| Other Long-Term Liabilities | 36.82B | 14.03B | 11.12B | 10.88B | 12.15B | 9.52B |
| Total Liabilities | 1.11T | 1.05T | 982.98B | 922.53B | 893.22B | 791.85B |
| Preferred Stock, Convertible | 1.70B | 1.70B | 2.15B | 2.62B | 2.62B | 2.83B |
| Preferred Stock, Other | -1.00M | -4.00M | -2.00M | |||
| Total Preferred Equity | 1.70B | 1.70B | 2.15B | 2.62B | 2.62B | 2.83B |
| Common Stock | 17.06B | 17.18B | 17.10B | 16.08B | 14.72B | 14.35B |
| Additional Paid-In Capital | 363.00M | 226.00M | 159.00M | 109.00M | 115.00M | 110.00M |
| Retained Earnings | 38.38B | 36.47B | 33.47B | 30.35B | 28.82B | 25.79B |
| Treasury Stock | -4.00M | -2.00M | ||||
| Comprehensive Income & Other | 9.70B | 8.55B | 5.86B | 3.76B | 3.90B | 2.57B |
| Total Common Equity | 65.49B | 62.43B | 56.59B | 50.31B | 47.56B | 42.82B |
| Minority Interest | 295.00M | 284.00M | 272.00M | 232.00M | 201.00M | 182.00M |
| Shareholders' Equity | 67.49B | 64.41B | 59.01B | 53.16B | 50.38B | 45.83B |
| Total Liabilities & Equity | 1.18T | 1.12T | 1.04T | 975.69B | 943.60B | 837.68B |
| Total Debt | 296.07B | 294.81B | 261.89B | 227.74B | 203.88B | 179.80B |
| Net Cash (Debt) | 27.54B | 2.52B | 11.90B | 23.64B | 39.03B | 52.46B |
| Net Cash Per Share | 29.70 | 2.68 | 12.64 | 25.80 | 43.10 | 58.27 |
| Filing Date Shares Outstanding | 907.94M | 925.43M | 942.37M | 931.08M | 905.95M | 901.68M |
| Total Common Shares Outstanding | 907.94M | 926.61M | 942.29M | 931.08M | 905.95M | 901.66M |
| Book Value Per Share | 72.14 | 67.37 | 60.06 | 54.03 | 52.50 | 47.49 |
| Tangible Book Value | 57.14B | 54.06B | 48.32B | 42.14B | 39.62B | 35.84B |
| Tangible Book Value Per Share | 62.94 | 58.34 | 51.28 | 45.26 | 43.73 | 39.75 |
Cash flow statement
Fiscal year November - October; amounts in CAD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 10.12B | 8.43B | 7.12B | 5.00B | 6.22B | 6.43B |
| Depreciation & Amortization | 756.00M | 563.00M | 1.17B | 1.14B | 1.05B | 1.02B |
| Other Amortization | 615.00M | 615.00M | ||||
| Gain (Loss) on Sale of Assets | -1.00M | -2.00M | -1.00M | -3.00M | -6.00M | |
| Gain (Loss) on Sale of Investments | -101.00M | 14.00M | -43.00M | -83.00M | -35.00M | -90.00M |
| Provision for Credit Losses | 2.34B | 2.34B | 2.00B | 2.01B | 1.06B | 158.00M |
| Change in Trading Asset Securities | -20.37B | -24.74B | -26.56B | -5.60B | -2.12B | -12.72B |
| Accrued Interest Receivable | -23.00M | 44.00M | -711.00M | -1.27B | -959.00M | 46.00M |
| Change in Income Taxes | -107.00M | -489.00M | -257.00M | 361.00M | -809.00M | 543.00M |
| Change in Other Net Operating Assets | -32.56B | -8.91B | -4.54B | -10.76B | -56.29B | -46.73B |
| Other Operating Activities | -40.00M | -248.00M | -2.03B | 1.78B | -1.15B | 903.00M |
| Operating Cash Flow | -39.38B | -23.34B | -23.38B | -4.89B | -51.80B | -50.85B |
| Capital Expenditures | -1.26B | -1.11B | -1.09B | -1.01B | -1.11B | -839.00M |
| Cash Acquisitions | -3.08B | |||||
| Investment in Securities | -9.11B | -4.67B | -19.66B | -19.75B | -20.20B | -2.67B |
| Investing Cash Flow | -10.36B | -5.78B | -20.75B | -20.76B | -24.39B | -3.51B |
| Long-Term Debt Issued | 1.25B | 2.25B | 1.75B | 1.00B | 1.00B | |
| Long-Term Debt Repaid | -1.38B | -1.82B | -1.83B | -328.00M | -1.31B | |
| Lease Payments | -302.00M | -309.00M | -287.00M | -331.00M | -326.00M | -305.00M |
| Net Debt Issued (Repaid) | -1.30B | -128.00M | 427.00M | -81.00M | 672.00M | -313.00M |
| Issuance of Common Stock | 241.00M | 162.00M | 312.00M | 183.00M | 229.00M | 284.00M |
| Repurchase of Common Stock | -3.49B | -1.73B | -423.00M | -134.00M | -15.00M | |
| Preferred Stock Issued | 2.12B | 2.76B | 996.00M | 1.40B | 748.00M | |
| Preferred Share Repurchases | -750.00M | -1.35B | -975.00M | -800.00M | ||
| Common Dividends Paid | -3.63B | -3.63B | ||||
| Preferred Dividends Paid | -364.00M | -364.00M | ||||
| Total Dividends Paid | -4.31B | -3.99B | -2.95B | -2.26B | -2.97B | -2.65B |
| Net Increase (Decrease) in Deposit Accounts | 53.48B | 37.18B | 34.47B | 17.05B | 74.51B | 47.52B |
| Other Financing Activities | -59.00M | -29.00M | ||||
| Financing Cash Flow | 45.93B | 32.87B | 31.86B | 14.89B | 72.90B | 45.58B |
| Foreign Exchange Rate Adjustments | 34.00M | 63.00M | 22.00M | 49.00M | 248.00M | -175.00M |
| Net Cash Flow | -3.77B | 3.81B | -12.25B | -10.72B | -3.04B | -8.96B |
| Free Cash Flow | -40.63B | -24.45B | -24.47B | -5.91B | -52.91B | -51.69B |
| Free Cash Flow Margin | -135.42% | -91.28% | -103.66% | -27.69% | -254.65% | -260.32% |
| Free Cash Flow Per Share | -43.81 | -26.00 | -25.98 | -6.45 | -58.41 | -57.41 |
| Free Cash Flow After Leases | -40.94B | -24.76B | -24.75B | -6.24B | -53.23B | -52.00B |
| Cash Interest Paid | 30.64B | 33.98B | 38.04B | 29.67B | 8.31B | 3.70B |
| Cash Income Tax Paid | 2.92B | 3.23B | 2.51B | 1.66B | 2.58B | 1.37B |
Ratios
Fiscal year November - October; amounts in CAD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 106.03B | 77.08B | 59.05B | 32.56B | 41.04B | 54.54B |
| Last Close Price | 116.48 | 80.42 | 58.26 | 31.19 | 37.73 | 48.02 |
| PE Ratio | 15.64 | 13.39 | 12.01 | 9.55 | 9.25 | 10.78 |
| PS Ratio | 4.96 | 4.03 | 3.49 | 2.12 | 2.69 | 3.41 |
| PB Ratio | 2.20 | 1.68 | 1.39 | 0.85 | 1.11 | 1.48 |
| Debt / Equity Ratio | 4.39 | 4.58 | 4.44 | 4.28 | 4.05 | 3.92 |
| Net Debt / Equity Ratio | -0.41 | -0.04 | -0.20 | -0.45 | -0.78 | -1.15 |
| Net Debt / FCF Ratio | 0.68 | 0.10 | 0.49 | 4.00 | 0.74 | 1.01 |
| Return on Equity (ROE) | 15.58% | 13.70% | 12.76% | 9.73% | 12.98% | 14.79% |
| Return on Assets (ROA) | 0.89% | 0.78% | 0.71% | 0.53% | 0.70% | 0.80% |
| Earnings Yield | 6.39% | 7.80% | 8.65% | 11.06% | 11.11% | 9.51% |
| FCF Yield | -27.40% | -22.64% | -29.74% | -13.06% | -94.52% | -76.44% |
| Dividend Yield | 2.63% | 3.33% | 4.12% | 7.08% | 5.29% | 3.89% |
| Payout Ratio | 41.17% | 47.37% | 41.42% | 45.21% | 47.78% | 41.20% |
| Buyback Yield / Dilution | 1.76% | 0.11% | -2.78% | -1.16% | -0.59% | -0.93% |
| Total Shareholder Return | 4.40% | 3.44% | 1.34% | 5.92% | 4.70% | 2.96% |