# CIBC
## A Client-Focused Bank
## Delivering Enduring Value

February 2026

All amounts are in Canadian dollars unless otherwise indicated.

***

# Forward-Looking Statements

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 report, in other filings with Canadian securities regulators or the SEC and in other communications.
All such statements are made pursuant to the "safe harbour" provisions of, and are intended to be forward-looking statements under applicable Canadian and U.S. securities legislation, including the U.S. Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements made in the "Financial performance overview – Economic outlook", "Financial performance overview – Financial results review", "Financial performance overview – Review of quarterly financial information", "Financial condition – Capital management", "Management of risk – Risk overview", "Management of risk – Top and emerging risks", "Management of risk – Credit risk", "Management of risk – Market risk", "Management of risk – Liquidity risk", and "Accounting and control matters – Critical accounting policies and estimates" sections of this report and other statements about our operations, business lines, financial condition, risk management, priorities, targets and sustainability commitments (including with respect to our sustainability ambitions and related activities), ongoing objectives, strategies, the regulatory environment in which we operate and outlook for calendar year 2026 and subsequent periods. Forward-looking statements are typically identified by the words "believe", "expect", "anticipate", "intend", "estimate", "forecast", "target", "predict", "commit", "ambition", "goal", "strive", "project", "objective" and other similar expressions or future or conditional verbs such as "will", "may", "should", "would" and "could". By their nature, these statements require us to make assumptions, including the economic assumptions set out in the "Financial performance overview – Economic outlook" section of this report, and are subject to inherent risks and uncertainties that may be general or specific. Given the potential negative economic impacts tied to the actual and proposed U.S. imposition of tariffs on Canada and other countries and their countermeasures, the softening labour market and uncertain political conditions in the U.S., the continuing impact of hybrid work arrangements and high interest rates on the U.S. real estate sector, and the war in Ukraine and conflict in the Middle East on the global economy, financial markets, and our business, results of operations, reputation and financial condition, there is inherently more uncertainty associated with our assumptions as compared to prior periods. A variety of factors, many of which are beyond our control, affect our operations, performance and results, and could cause actual results to differ materially from the expectations expressed in any of our forward-looking statements. These factors include: trade policies and tensions, including tariffs and government tariff mitigation policies; inflationary pressures in the U.S.; global supply-chain disruptions; geopolitical risk, including from the war in Ukraine and conflict in the Middle East; the impact of post-pandemic hybrid work arrangements; credit, market, liquidity, strategic, insurance, operational, reputation, conduct and legal, regulatory and environmental risk; currency value and interest rate fluctuations, including as a result of market and oil price volatility; the effectiveness and adequacy of our risk management and valuation models and processes; legislative or regulatory developments in the jurisdictions where we operate, including the Organisation for Economic Co-operation and Development Common Reporting Standard, and regulatory reforms in the United Kingdom and Europe, the Basel Committee on Banking Supervision's global standards for capital and liquidity reform, and those relating to bank recapitalization legislation, open banking and the payments system in Canada; amendments to, and interpretations of, risk-based capital guidelines and reporting instructions, and interest rate and liquidity regulatory guidance; exposure to, and the resolution of, significant litigation or regulatory matters, our ability to successfully appeal adverse outcomes of such matters and the timing, determination and recovery of amounts related to such matters; the effect of changes to accounting standards, rules and interpretations; changes in our estimates of reserves and allowances; changes in tax laws; changes to our credit ratings; political conditions and developments, including changes relating to economic matters; the possible effect on our business of international conflicts, such as the war in Ukraine and conflict in the Middle East, and terrorism; natural disasters, disruptions to public infrastructure and other catastrophic events; the occurrence of public health emergencies and any related government policies and actions; reliance on third parties to provide components of our business infrastructure; potential disruptions to our information technology systems and services; increasing cyber security risks, which may include theft or disclosure of assets, unauthorized access to sensitive information, or operational disruption; social media risk; losses incurred as a result of internal or external fraud; anti-money laundering; the accuracy and completeness of information provided to us concerning clients and counterparties; the failure of third parties to comply with their obligations to us and our affiliates or associates; intensifying competition from established competitors and new entrants in the financial services industry including through internet and mobile banking; technological change including the use of data and artificial intelligence in our business; the heavy reliance on AI-related capital spending for U.S. growth and the uncertain employment impacts from its adoption; global capital market activity; changes in monetary and economic policy; general business and economic conditions worldwide, as well as in Canada, the U.S. and other countries where we have operations, including increasing Canadian household debt levels and global credit risks; environmental and social risks including our ability to implement various sustainability-related initiatives internally and with our clients under expected time frames and our ability to scale our sustainable finance products and services; our success in developing and introducing new products and services, expanding existing distribution channels, developing new distribution channels and realizing increased revenue from these channels; changes in client spending and saving habits; our ability to attract and retain key employees and executives; our ability to successfully execute our strategies and complete and integrate acquisitions and joint ventures; the risk that expected benefits of an acquisition, merger or divestiture will not be realized within the expected time frame or at all; and our ability to anticipate and manage the risks associated with these factors. This list is not exhaustive of the factors that may affect any of our forward-looking statements. These and other factors should be considered carefully and readers should not place undue reliance on our forward-looking statements. Any forward-looking statements contained in this report represent the views of management only as of the date hereof and are presented for the purpose of assisting our shareholders and financial analysts in understanding our financial position, objectives and priorities and anticipated financial performance as at and for the periods ended on the dates presented, and may not be appropriate for other purposes. We do not undertake to update any forward-looking statement that is contained in this report or in other communications except as required by law.

Investor Relations Contact:
Geoffrey Weiss, Senior Vice-President | 416 980-5093
Visit the Investor Relations section at www.cibc.com/en/about-cibc/investor-relations.html

# Why invest in CIBC?
A client-focused, connected, and performance-driven bank, delivering industry-leading shareholder returns

| Experienced, collaborative leadership team | Proven, relationship-focused strategy | Clear competitive advantages | Track record of strong, consistent execution | Capital strength and risk discipline |
| :--- | :--- | :--- | :--- | :--- |
| • Seasoned leadership team, with deep bench strength and pipeline for next generation of leaders | • Growing our mass affluent and private wealth franchise | • Differentiated client relationship model through Imperial Service & Costco franchise | • Continued momentum driving market-leading Total Shareholder Returns | • Capital levels well-above regulatory minimums |
| • Risk-focused mindset and accountability with clear targets | • Expanding our digital-first personal banking capabilities | • Highly connected franchise with long-standing, multi-product relationships driving profitable growth | • Strong earnings growth and improving returns | • Disciplined capital allocation prioritizing organic growth in markets where we can leverage existing capabilities |
| • Focused on transparency and enhanced disclosure | • Delivering connectivity and differentiation to our clients | • Market leading North American private wealth platform strengthened by strategic recruitment of top financial advisors | • High quality revenue growth supported by broad-based volume growth and margin expansion | • Robust AML and other regulatory governance and controls |
| • Engaged Board committed to strong governance and oversight | • Enabling, simplifying and protecting our bank | • Client-centric culture guided by our purpose – to help make ambitions a reality | • Effective expense management delivering positive operating leverage | • Ongoing investments across strategic priorities and platforms to enhance client, data, and AI capabilities |

# A leading, well-diversified North American Financial Institution

| Metric | Value |
| :--- | :--- |
| FOUNDED | 1867 |
| CLIENTS | 15MM |
| EMPLOYEES$^1$ | 50K |
| REVENUE (LTM)$^2$ | $30.3B |
| ROE$^3$ (LTM)$^2$ | 15.6% |
| TSR$^4$ (1-YR) | 43.1% |
| CET1 RATIO$^5$ (Q1/26) | 13.4% |

### DIVERSIFIED EARNINGS MIX

#### Net Income by Strategic Business Unit (LTM)$^{6,7}$
```mermaid
pie
    title Net Income by Strategic Business Unit (LTM)
    "Canadian Personal & Business Banking": 35
    "Canadian Commercial & Wealth": 26
    "Capital Markets": 27
    "U.S. Commercial & Wealth": 11
```
**$9.2B**

#### Revenue Contribution by Region (LTM)$^6$
```mermaid
pie
    title Revenue Contribution by Region (LTM)
    "Canada": 69
    "U.S.$^8$": 18
    "Other": 12
```
**$30.3B**

### STRONG CREDIT RATINGS

| Agency | Rating$^{10}$ |
| :--- | :--- |
| Moody's | Aa2 (Senior$^{11}$, A2), Stable |
| S&P | A+ (Senior$^{11}$, A-), Stable |
| Fitch | AA (Senior$^{11}$, AA-), Stable |
| Morningstar DBRS | AA (Senior$^{11}$, AA(low)), Stable |

For endnotes, see slides 53-59.

# Driven by our purpose: To help make ambitions a reality

### Who we are
CIBC is a leading and well-diversified North American financial institution committed to creating enduring value for all our stakeholders – our clients, team, communities and shareholders. We are guided by our purpose – to help make your ambition a reality, and we are activating our resources to create positive change toward a more equitable, inclusive and sustainable future.

### Our communities
Part of being a genuinely caring bank means taking care of people and organizations that keep our communities strong. Together with our team members, we’re strengthening communities through corporate donations, partnerships and the giving spirit of our employees via our One for Change employee giving and volunteering program.

Built on our storied history of supporting our communities, the CIBC Foundation serves our commitment to creating a world without limits to ambition. We’re demonstrating our purpose in action by supporting causes that are important to our clients and communities.

* **Canada's Top 100 Employers 2026**
* **CANADA'S TOP EMPLOYERS FOR YOUNG PEOPLE 2026**
* **2025 CANADA'S GREENEST EMPLOYERS**
* **2025 CATALYST AWARD WINNER**

# Our client focus continues to drive strong client experience results across the bank

| Client Experience Strategic Priorities | LEADERSHIP POSITIONS F25 RESULTS | STRONG NPS WITH HIGH VALUE CLIENTS | LARGEST IMPROVEMENT SINCE 2014 |
| :--- | :--- | :--- | :--- |
| Make it easy to bank with us | Wood Gundy$^1$: 86 | **Best Banking Mobile App and Online Experience for Customer Satisfaction – J.D. Power$^2$** | **+18.6 pts** Ipsos Primary Clients' NPS (2014 – 2025)$^4$ |
| Improve digital client journeys | Private Banking$^1$: 85 | J.D. POWER | Big 4 peer avg$^5$: +6.0 pts |
| Deepen relationships & connectivity | Commercial Banking$^1$: 88 | **Forrester Customer Obsessed Enterprise Award$^3$** | |
| | US Commercial Banking & Private Wealth$^1$: 86 | Customer-Obsessed Enterprise WINNER 2025 AWARDS | |

For endnotes, see slides 53-59.

# An enterprise strategy designed to deliver outperformance

# Our ambition and strategic priorities
A client-focused, connected, and performance-driven bank, delivering industry leading shareholder returns

| Growing Our Mass Affluent & Private Wealth Franchise | Expanding Our Digital-First Personal Banking Capabilities | Delivering Connectivity and Differentiation to Our Clients | Enabling, Simplifying & Protecting Our Bank |
| :--- | :--- | :--- | :--- |
| Deliver high touch, best-in-class advice, solutions and service for our Mass Affluent & High-Net-Worth clients in Canada and the U.S. | Build a digital-first platform providing all Canadian consumer clients with seamless digital interactions, insights, and personalized advice | Deliver our connected franchise to our clients to deepen relationships, grow recurring revenues, and enhance returns | Enable our business growth priorities while continuing to build a more agile, resilient, and cost-effective CIBC |

# Growing Our Mass Affluent & Private Wealth Franchise
Growing our Mass Affluent & HNW platform to increase fee income and returns

We are focused on accelerating growth across our North American platforms through a carefully curated strategy

| Key Priorities | A Look at Imperial Service |
| :--- | :--- |
| **Our Canadian business** benefits from strong existing presence in key segments. We are focused on prioritizing opportunities to deepen relationships and capture more market share. | A differentiated Mass Affluent coverage model, with a dedicated offering for clients that meet an investable assets threshold. |
| **Our U.S. franchise** is a growing business with presence in 17 key markets. We are focused on harvesting recent investments to accelerate growth and achieve scale. | **Our playbook** |
| | 1 Deepening Relationships: Opportunity to bring our “whole bank” to the clients who only have a core banking relationship |
| | 2 Attracting Net New Clients: A streamlined focus on capturing client segments with a high propensity to become Mass Affluent |
| | 3 Capitalizing on Strategic Partnerships: Ability to franchise existing Affluent clients from the Costco co-brand card relationship |

These businesses deliver a **significant contribution** to total Bank revenues and are a key source of **capital-light, fee-based revenue**.

# Expanding Our Digital-First Personal Banking Capabilities
Providing a pipeline for growth & securing long-term competitiveness

We are optimizing new and existing business capabilities, and seeking opportunities to synergize our two offerings – Personal Banking and Simplii Financial – in the market

| Ambition | Value Proposition | Engagement Channels | Awards & Recognition |
| :--- | :--- | :--- | :--- |
| **CIBC Personal Banking**: Be a digital-first business that delivers profitability through personalized solutions, channel optimization and growth | Full-service banking, and a lifetime client journey and relationship | Omni-Channel with award-winning digital platform | #1 in Consumer Mobile Banking Experience (2023)$^1$ |
| **Simplii Financial**: Focus on accelerating client acquisition and protecting and growing our overall market share | Simple and convenient, low-cost digital everyday banking solutions | Digital self-directed, and contact centre driven offering | Best Credit Card for Young Adults (2024)$^2$, Best Chequing Account (2023)$^3$ |

**Helping clients "Bank on the Now"**
"Our new look [for Simplii Financial] brings energy, optimism, and a sense of urgency... clients can expect to see this change come to life not just through our brand but also in our approach to innovation."
Christian Exshaw, SEVP & Group Head, CIBC Capital Markets

**Evolving our digital platforms**
Click to Access Video (for Simplii Financial)

We emphasize the use of **data, analytics and artificial intelligence** to understand our clients better, provide more opportunities for personalization, and maximize profitability across both Personal Banking and Simplii Financial.

For endnotes, see slides 53-59.

# Delivering Connectivity and Differentiation to Our Clients
Deliver our connected franchise to our clients to deepen relationships, grow recurring revenue, and enhance returns

| Canadian Commercial Banking & Wealth Management | U.S. Commercial Banking & Wealth Management | Capital Markets |
| :--- | :--- | :--- |
| Delivering risk-controlled growth in our Commercial Bank, while continuing to foster strong referrals across CIBC | Grow Commercial Banking by delivering industry expertise and unique solutions leveraging the strength of our franchise | Further scale our platform to continue building multi-product relationships across the Bank, deliver double-digit growth in the U.S. |

**Long-term focus areas**
* **Delivering The Whole Bank**: Focus on **Connectivity** to build long-standing, **multi-product relationships**, drive growth, and referral volume
* **Growing Our U.S. Franchise**: Further invest in capabilities and allocate resources where we can **most effectively compete to grow** and generate **attractive marginal returns**

**Applying our strategy**
To deliver the whole Bank to our North American Commercial Banking and Capital Markets clients, with a focus on growing our U.S. franchise.

**Case study: CIBC advises on cross-border Commercial client M&A transaction**
**Services provided:**

| CDN Commercial | Capital Markets | CDN Wealth | Bank USA |
| :--- | :--- | :--- | :--- |
| Commercial Banking Cash Management | Investment Banking, Global Markets | Wealth Management | Commercial Banking Cash Management |
| M&A Advisory | | Private Wealth AUA$^5$ | Wealth Management of Acquirer Partners |
| Acquisition Financing (Lead) | | | Cash Management (Canada) |
| | FX Facilities | | |

# Enabling, Simplifying & Protecting Our Bank
Enhancing operational excellence and efficiency to drive higher returns for our stakeholders

| Enable | Simplify | Protect | Priority Investments & Select Initiatives |
| :--- | :--- | :--- | :--- |
| Seize growth opportunities and remain competitive in a rapidly changing market | Drive productivity and execution with a focus on operational excellence and scale | Safeguarding our Bank and clients to maintain the trust of all stakeholders | Expanding our **governance and oversight capabilities** for an evolving regulatory environment: **Payments Modernization \| AML** |
| | | | Building a **cutting-edge platform** and **simplifying** our most important processes: **Cloud at Scale \| E2E Process Automation** |
| | | | Enhancing our data & AI capabilities to **accelerate the adoption of GenAI** across the entire enterprise: **Data & Analytics Program** |

**We are focused on...**
* Enhancing the client and employee experience
* Creating new efficiencies and building structural operating leverage to unlock capital and fund future investments
* Modernizing to build a more agile, scalable, and cost-effective CIBC, enabled by data & AI
* Reinforcing our operational resilience and proactively defending against threats

# Technology Strategy
Our highly connected strategic priorities drive a need for shared technology and data capabilities

| Enable with Data and AI | Deliver Superior Client Experiences | Protect our bank and our clients | Transform with Technology and Automation |
| :--- | :--- | :--- | :--- |
| • Enterprise client and product data with robust infrastructure | • Industry-leading mobile experience | • Proactively monitor and action fraud, cyber, technology, third party and data risks | • Continued transition to Cloud Infrastructure |
| • Cross-business and channel connectivity with a single client view (eCRM) | • Intuitive digital financial planning and advice | • Ensure strong governance of critical data assets | • Ongoing automation of manual processes |
| • Data and AI Governance to ensure high quality and trust | • Continuous focus on streamlining and automation | • Maintain high Operational Resilience | • Modernizing legacy infrastructure and applications and scaling API adoption |

### Our Medium-Term Aspirations
* Increased employee and client satisfaction
* Strategic platforms with highly skilled teams
* Improved output and reduced time to deliver

# AI @ CIBC
Generating AI outcomes through improved revenue growth, client experience, team productivity, and credit monitoring

| Revenue Generation & Client Experience | Operational Efficiency | Risk Mitigation | PROGRESSION AI & ANALYTICS |
| :--- | :--- | :--- | :--- |
| • Timely and actionable client and prospect insights | • Client meeting preparation and summarization tools increasing advisor productivity | • Enhanced fraud detection and credit monitoring | **~1.2MM** Hours saved in Q1/26 (**CAI**) |
| • Personalized product and service offerings | • Automating routine operational tasks | • Risk optimization models delivering improved loss outcomes | **+44%** Lift in conversion rates for our savings accounts in Q1/26 (**CRTeX**) |
| • Optimizing and accelerating credit decisions | • Improvement in resolution times | • Proactively safeguarding our systems, blocking potential malicious intrusion | **1,700+** Developers (**GitHub Copilot**) |
| | • Increased coding productivity | | **~16MM** Calls since launch (**Voice Assistant**) |
| **Cultural Transformation** | Rethink how work gets done | Challenge legacy workflows | Maintain responsible AI use | **98%** Accuracy (**Knowledge Central AI**) |

# Our strategy is aligned with our capital deployment priorities

| Priority | Details | CAPITAL DEPLOYMENT F20 – F25$^1$ |
| :--- | :--- | :--- |
| **Organic Growth** | • Remains our top priority • Strong marginal ROEs • Minimizes unproductive goodwill | **$13B$^2$ (32%)** |
| **Dividend Payout** | • 40-50% target payout ratio$^4$ • Maintained or increased dividend every quarter since inception | **$18B (46%)** |
| **Inorganic Growth** | • Track record of successful acquisitions • Open to opportunities subject to strict strategic and financial criteria | **$0.5B$^3$ (1%)** |
| **Share Buyback** | • Used to deploy excess capital opportunistically • Purchases made systematically with strong governance | **$3B (6%)** |

For additional endnotes, see slides 53-59.

# Proven track record of financial performance

# Making progress against our through-the-cycle financial objectives

| | Fiscal 2025 Medium-Term Objectives$^{1,2}$ | 3-Year | 5-Year |
| :--- | :--- | :--- | :--- |
| **Diluted EPS Growth of 7% - 10% (CAGR$^3$)** | | Reported: 9% | Reported: 16% |
| | | Adjusted$^{1,4}$: 7% | Adjusted$^{1,4}$: 12% |
| **Return on Equity of 15%+ $^5$ (Average)** | | Reported: 12.7% | Reported: 13.6% |
| | | Adjusted$^{1,6}$: 13.8% | Adjusted$^{1,6}$: 14.6% |
| **Positive Operating Leverage (Average)** | | Reported$^8$: 2.6% | Reported$^8$: 2.3% |
| | | Adjusted$^{1,7}$: 1.8% | Adjusted$^{1,7}$: 0.8% |
| **Dividend Payout Ratio of 40% - 50% (Average)** | | Reported$^9$: 53.6% | Reported$^9$: 50.3% |
| | | Adjusted$^{1,8}$: 48.1% | Adjusted$^{1,8}$: 46.2% |

$^4$ see note 1 in the Glossary section; $^6$ See note 2 in the Glossary section; $^7$ See note 3 in the Glossary section; $^8$ See note 4 in the Glossary section; For additional endnotes, see slides 53-59.

# Roadmap to achieving our through-the-cycle ROE target
Driving towards a premium ROE through disciplined execution of our strategy

| Our Strategic Priorities | Medium-Term ROE Drivers |
| :--- | :--- |
| Grow Our Mass Affluent & Private Wealth Franchise | $\checkmark$ Deeper Client Relationships |
| Expand Our Digital-First Personal Banking Capabilities | $\checkmark$ Capital-Light Businesses |
| Deliver Connectivity and Differentiation to Our Clients | $\checkmark$ Improving Margins |
| Enable, Simplify, and Protect Our Bank | $\checkmark$ Positive Operating Leverage |
| | $\checkmark$ Credit Normalization |
| | $\checkmark$ Capital Management |

# Delivering value for shareholders by driving sustainable growth and profitability$^1$

#### Revenue ($B)
```mermaid
bar chart
    title Revenue ($B)
    bar 2021: 20, 20
    bar 2022: 22, 22
    bar 2023: 23, 23
    bar 2024: 26, 26
    bar 2025: 29, 29
    bar LTM: 30, 30
```

#### Non-Interest Expense ($B)
```mermaid
bar chart
    title Non-Interest Expense ($B)
    bar 2021: 12, 11
    bar 2022: 13, 12
    bar 2023: 13, 13
    bar 2024: 14, 14
    bar 2025: 16, 16
    bar LTM: 16, 16
```

#### Diluted EPS$^2$ ($)
```mermaid
bar chart
    title Diluted EPS$^2$ ($)
    bar 2021: 6.96, 7.23
    bar 2022: 6.68, 5.17
    bar 2023: 7.05
    bar 2024: 6.73, 7.28
    bar 2025: 8.57, 8.61
    bar LTM: 9.60, 9.18
```

#### Return on Common Shareholders' Equity$^3$ (%)
```mermaid
bar chart
    title Return on Common Shareholders' Equity$^3$ (%)
    bar 2021: 16.1, 16.7
    bar 2022: 14.0, 14.7
    bar 2023: 13.4, 10.3
    bar 2024: 14.3, 13.4
    bar 2025: 14.4, 13.7
    bar LTM: 14.9, 15.6
```

Reported $\quad$ Adjusted$^4$

For endnotes, see slides 53-59.

# Underpinned by our balance sheet strength and prudent risk management

#### CET1 Ratio$^1$
```mermaid
bar chart
    title CET1 Ratio$^1$
    bar 2021: 12.4%
    bar 2022: 11.7%
    bar 2023: 12.4%
    bar 2024: 13.3%
    bar 2025: 13.3%
    bar Q1/26: 13.4%
```

#### Total Allowance Coverage Ratio$^2$
```mermaid
bar chart
    title Total Allowance Coverage Ratio$^2$
    bar 2021: 0.64%
    bar 2022: 0.62%
    bar 2023: 0.76%
    bar 2024: 0.73%
    bar 2025: 0.80%
    bar Q1/26: 0.79%
```

#### Liquidity Coverage Ratio$^1$
```mermaid
bar chart
    title Liquidity Coverage Ratio$^1$
    bar Q4/21: 127%
    bar Q4/22: 129%
    bar Q4/23: 135%
    bar Q4/24: 129%
    bar Q4/25: 132%
    bar Q1/26: 133%
```

#### Impaired PCL Ratio$^3$ (bps)
```mermaid
bar chart
    title Impaired PCL Ratio$^3$ (bps)
    bar 2021: 16
    bar 2022: 14
    bar 2023: 30
    bar 2024: 32
    bar 2025: 33
    bar Q1/26: 35
```

For endnotes, see slides 53-59.

# Our business segments
A diversified franchise driving consistent and profitable growth

# Canadian Personal & Business Banking$^1$
Be the leading relationship bank, helping Canadians achieve ambitions while delivering sustainable and market-leading performance

| Metric | Value |
| :--- | :--- |
| Banking Centres | 987 |
| Employees$^2$ | 13,827 |
| PPPT$^3$ / NIAT | $6.0B / $3.1B |
| ROE$^4$ | 25.0% |

#### Client Base
```mermaid
pie
    title Client Base
    "Business Banking": 3%
    "Mass Affluent Clients with Dedicated Advisors$^5$": 13%
    "Other Personal Banking and Simplii": 84%
```

#### Revenue
```mermaid
pie
    title Revenue
    "Business Banking": 7%
    "Mass Affluent Clients with Dedicated Advisors$^5$": 38%
    "Other Personal Banking and Simplii": 55%
```
**$12.0B**

For endnotes, see slides 53-59.

# Canadian Commercial Banking & Wealth Management$^1$
Be a leading provider of financial services and advice to Commercial Banking and HNW clients

| Metric | Value |
| :--- | :--- |
| Employees$^2$ | 6,190 |
| PPPT$^3$ | $3.4B |
| NIAT | $2.3B |
| ROE$^4$ | 23.6% |

#### Revenue
```mermaid
pie
    title Revenue
    "Asset Management": 14%
    "Private Wealth": 47%
    "Commercial Banking": 39%
```
**$6.9B**

#### Wealth Management
```mermaid
pie
    title Wealth Management
    "Asset Management AUM$^5$": 47%
    "Private Wealth AUA$^5$": 53%
```
**$597B**

#### Commercial Banking
```mermaid
pie
    title Commercial Banking
    "Loans$^{6,7}$": 50%
    "Deposits$^6$": 50%
```
**$206B**

For endnotes, see slides 53-59.

# U.S. Commercial Banking & Wealth Management$^1$ (US$)
Best-in-class, relationship-oriented commercial banking and wealth management franchise

| Metric | Value |
| :--- | :--- |
| Clients$^2$ | 121,000+ |
| Offices | 26 |
| PPPT$^3$ / NIAT | $967M / $685MM |
| ROE$^4$ | 8.4% |

#### Revenue
```mermaid
pie
    title Revenue
    "Wealth Management": 31%
    "Commercial Banking": 69%
```
**$2.3B**

#### Wealth Funds Managed$^5$
```mermaid
pie
    title Wealth Funds Managed$^5$
    "AUM$^6$": 86%
    "Deposits": 10%
    "Loans": 4%
```
**$101B**

#### Commercial Banking Funds Managed$^5$
```mermaid
pie
    title Commercial Banking Funds Managed$^5$
    "Deposits": 47%
    "Loans": 53%
```
**$70B**

For endnotes, see slides 53-59.

# Capital Markets$^1$
Deliver leading client-centric solutions through best-in-class insight, advice and execution

| Metric | Value |
| :--- | :--- |
| Employees$^2$ | 2,011 |
| PPPT$^3$ | $3.3B |
| NIAT | $2.3B |
| ROE$^4$ | 22.1% |

#### Revenue by Business Mix
```mermaid
pie
    title Revenue by Business Mix
    "Corporate & Investment Banking": 35%
    "Global Markets": 65%
```
**$6.1B**

#### Revenue by Client Segment
```mermaid
pie
    title Revenue by Client Segment
    "Personal, Wealth & Commercial": 16%
    "Corporate Origination": 46%
    "Institutional & Trading": 38%
```
**$6.1B**

#### Revenue by Geography
```mermaid
pie
    title Revenue by Geography
    "Rest of World": 11%
    "U.S.": 35%
    "Canada": 53%
```
**$6.1B**

For endnotes, see slides 53-59.

# U.S. Region
Diversified footprint across the U.S. with strong presence in the Midwest

### Our U.S. Footprint
```mermaid
graph TD
    subgraph U.S. Map
        Seattle
        San Francisco
        Menlo Park
        Newport Beach
        Denver
        Minneapolis
        Grand Rapids
        Milwaukee
        Des Moines
        CHI
        Kansas City
        St. Louis
        Austin
        Houston
        Tampa
        West Palm
        Miami
        DET
        PIT
        CLE
        IND
        Reston
        Charlotte
        Boston
        New York
        Wilmington
        Washington, DC
    end
    style U.S. Map fill:#f9f,stroke:#333,stroke-width:2px
```

### Our U.S. Businesses
* **Commercial Banking**: high-touch coverage model offering real estate financing, mid-market commercial banking solutions, and specialized industry knowledge
* **Wealth Management**: Private Wealth and Private Banking offering targeting high-net-worth and ultra-high-net-worth households
* **Capital Markets**: provides global markets and corporate & investment banking capabilities in select areas of strength
* **Innovation Banking**: tailored financing solutions and banking services for entrepreneurs and investors in the innovation economy

# Appendix

# Business Segment Results & Trends

# Canadian Personal & Business Banking
Strong top line and positive operating leverage drive record net income

| Our focus for 2026 | Reported ($MM) | Q1/26 | YoY | QoQ | Adjusted$^1$ ($MM) | Q1/26 | YoY | QoQ |
| :--- | :--- | :--- | :--- | :--- | :--- | :--- | :--- | :--- |
| 1 Delivering seamless everyday banking solutions and best-in-class personalized advice to our clients | Revenue | 3,295 | 13% | 3% | 3,295 | 13% | 3% |
| 2 Driving growth in key client segments by leveraging our differentiated front-line team, client engagement platforms and partnerships to acquire new clients and deepen existing relationships | Net Interest Income | 2,652 | 14% | 3% | 2,652 | 14% | 3% |
| 3 Modernizing infrastructure and simplifying our operations to unlock front-line capacity, enhance client experience across channels and create capacity to reinvest in growth | Non-Interest Income | 643 | 8% | 4% | 643 | 8% | 4% |
| | Expenses | 1,558 | 7% | (3)% | 1,552 | 7% | (3)% |
| | PPPT$^2$ | 1,737 | 19% | 10% | 1,743 | 19% | 10% |
| | Provision for Credit Losses | 446 | $18 | $(57) | 446 | $18 | $(57) |
| | **Net Income** | **960** | **25%** | **21%** | **964** | **25%** | **20%** |
| | Loans (Average, \$B)$^{3,4}$ | 341 | 2% | 0.3% | 341 | 2% | 0.3% |
| | Deposits (Average, \$B)$^4$ | 247 | (0.6)% | 0.1% | 247 | (0.6)% | 0.1% |
| | Net Interest Margin (bps) | 311 | 34 | 9 | 311 | 34 | 9 |

#### Loans and Deposits ($\text{B}$)$^{3,4}$
```mermaid
bar chart
    title Loans and Deposits ($\text{B}$)$^{3,4}$
    bar Q1/25: 335, 249
    bar Q2/25: 335, 250
    bar Q3/25: 338, 248
    bar Q4/25: 340, 247
    bar Q1/26: 341, 247
    bar YoY|QoQ: +2% +0.3%, (0.6)% +0.1%
```

#### Net Interest Margin (bps)
```mermaid
line chart
    title Net Interest Margin (bps)
    x-axis "Q1/25", "Q2/25", "Q3/25", "Q4/25", "Q1/26"
    y-axis "277", "280", "291", "302", "311"
    line "Avg. Loans": 280, 291, 302, 311
    line "Avg. Deposits": 277, 280, 289, 289
```

#### Adjusted$^1$ Operating Leverage and Efficiency Ratio
```mermaid
line chart
    title Adjusted$^1$ Operating Leverage and Efficiency Ratio
    x-axis "Q1/25", "Q2/25", "Q3/25", "Q4/25", "Q1/26"
    y-axis "0.0", "0.1", "0.2", "0.3", "0.4", "0.5", "0.6", "0.7"
    line "Efficiency Ratio": 49.9, 51.7, 49.6, 50.6, 47.3
    line "Operating Leverage": 2.2, 2.9, 7.3, 2.0, 6.0
```
| | Q1/25 | Q2/25 | Q3/25 | Q4/25 | Q1/26 |
| :--- | :--- | :--- | :--- | :--- | :--- |
| Rpt. Efficiency Ratio | 45.2% | 46.6% | 45.2% | 45.9% | 43.2% |
| Adj.$^2$ Efficiency Ratio | 45.0% | 46.4% | 45.0% | 45.7% | 43.1% |
| Rpt. Operating Leverage | 2.2% | 2.9% | 2.0% | 6.0% | |
| Adj.$^1$ Operating Leverage | 2.2% | 2.9% | 7.3% | 2.0% | |

For endnotes, see slides 53-59.

### Digital Trends
Growing digital adoption and engagement in Canadian Personal Banking$^1$

#### DIGITAL ADOPTION RATE$^2$
```mermaid
bar chart
    title DIGITAL ADOPTION RATE$^2$
    bar Q1/25: 87.6%
    bar Q2/25: 87.8%
    bar Q3/25: 87.9%
    bar Q4/25: 88.4%
    bar Q1/26: 88.8%
```

#### ACTIVE DIGITAL BANKING USERS$^3$ (MM)
```mermaid
bar chart
    title ACTIVE DIGITAL BANKING USERS$^3$ (MM)
    bar Q1/25: 7.9
    bar Q2/25: 7.9
    bar Q3/25: 8.0
    bar Q4/25: 8.1
    bar Q1/26: 8.2
```

#### DIGITAL CHANNEL USAGE (# of Sessions, MM)
```mermaid
bar chart
    title DIGITAL CHANNEL USAGE (# of Sessions, MM)
    bar Q1/25: 413
    bar Q2/25: 409
    bar Q3/25: 419
    bar Q4/25: 422
    bar Q1/26: 430
```

#### DIGITAL TRANSACTIONS$^4$ (MM)
```mermaid
bar chart
    title DIGITAL TRANSACTIONS$^4$ (MM)
    bar Q1/25: 182, 88, 77, 17
    bar Q2/25: 180, 86, 76, 18
    bar Q3/25: 190, 92, 80, 18
    bar Q4/25: 191, 93, 80, 17
    bar Q1/26: 191, 95, 80, 17
```
* Other$^5$
* Bill Payments
* eTransfers

#### TRANSACTIONS BY DIGITAL CHANNELS$^4$
```mermaid
bar chart
    title TRANSACTIONS BY DIGITAL CHANNELS$^4$
    bar Q1/25: 95.5%, 4.5%
    bar Q2/25: 95.4%, 4.6%
    bar Q3/25: 95.8%, 4.2%
    bar Q4/25: 95.8%, 4.2%
    bar Q1/26: 96.0%, 4.0%
```
* Non-Digital Channel
* Digital Channel

#### DIGITAL SALES$^6$
```mermaid
bar chart
    title DIGITAL SALES$^6$
    bar Q1/25: 43.6%
    bar Q2/25: 44.7%
    bar Q3/25: 42.5%
    bar Q4/25: 44.9%
    bar Q1/26: 48.3%
```

For endnotes, see slides 53-59.

# Canadian Commercial Banking & Wealth Management
Top-line strength fueled by volume growth, market appreciation, and increased client activity

| Our focus for 2026 | Reported & Adjusted$^1$ ($MM) | Q1/26 | YoY | QoQ |
| :--- | :--- | :--- | :--- | :--- |
| 1 Deepening client relationships and increasing connectivity | Revenue | 1,923 | 13% | 5% |
| 2 Focusing on high-growth segments, while investing in our capabilities | Net Interest Income | 830 | 16% | 6% |
| 3 Empowering teams with improved technology, processes and data | Non-Interest Income | 1,093 | 11% | 4% |
| | Expenses | 941 | 10% | (2)% |
| | PPPT$^2$ | 982 | 16% | 12% |
| | Provision for Credit Losses | 84 | $45 | $32 |
| | **Net Income** | **647** | **9%** | **7%** |
| | Commercial Banking Revenue | 733 | 9% | 6% |
| | Wealth Management Revenue | 1,190 | 16% | 4% |
| | Net Interest Margin (bps) | 310 | 21 | 14 |

#### Commercial Banking Loans and Deposits ($\text{B}$)$^{3,4}$
```mermaid
bar chart
    title Commercial Banking Loans and Deposits ($\text{B}$)$^{3,4}$
    bar Q1/25: 100, 101
    bar Q2/25: 103, 101
    bar Q3/25: 105, 102
    bar Q4/25: 107, 105
    bar Q1/26: 108, 110
    bar YoY|QoQ: +7% +1%, +8% +4%
```

#### Net Interest Margin (bps)
```mermaid
line chart
    title Net Interest Margin (bps)
    x-axis "Q1/25", "Q2/25", "Q3/25", "Q4/25", "Q1/26"
    y-axis "288", "289", "296", "310"
    line "Avg. Loans": 289, 288, 289, 296, 310
    line "Avg. Deposits": 288, 276, 295, 317, 330
```

#### Assets Under Administration ($\text{B}$)$^{5,6}$
```mermaid
bar chart
    title Assets Under Administration ($\text{B}$)$^{5,6}$
    bar Q1/25: 538, 288
    bar Q2/25: 552, 276
    bar Q3/25: 515, 295
    bar Q4/25: 597, 317
    bar Q1/26: 614, 330
    bar YoY|QoQ: +14% +3%, +15% +4%
```

For endnotes, see slides 53-59.

# Canadian Personal & Commercial Banking$^1$
Continued margin expansion driven by rates and business mix tailwinds

#### REVENUE ($\text{MM}$)
```mermaid
bar chart
    title REVENUE ($\text{MM}$)
    bar Q1/25: 3,598, 2,932, 666
    bar Q2/25: 3,521, 2,861, 660
    bar Q3/25: 3,740, 3,081, 659
    bar Q4/25: 3,882, 3,214, 668
    bar Q1/26: 4,028, 3,332, 696
```
* Net Interest Income
* Non-Interest Income

#### YIELD METRICS
| Net Interest Margin$^3$ | Mortgage Portfolio Spreads$^4$ |
| :--- | :--- |
| 3.00% | |
| 2.90% | |
| 2.81% | |
| 2.73% | |
| 2.72% | |
| Q1/25 Q2/25 Q3/25 Q4/25 Q1/26 | Q1/25 Q2/25 Q3/25 Q4/25 Q1/26 |

```mermaid
line chart
    title Mortgage Portfolio Spreads$^4$
    x-axis "Q1/25", "Q2/25", "Q3/25", "Q4/25", "Q1/26"
    y-axis "0.0", "0.05", "0.1", "0.15", "0.2"
    line "Total Portfolio Spread": 0.11, 0.12, 0.11, 0.12, 0.13
    line "Gross Inflow Spread": 0.10, 0.12, 0.12, 0.12, 0.11
    line "Gross Outflow Spread": 0.12, 0.13, 0.12, 0.13, 0.13
```

#### NON-INTEREST EXPENSES ($\text{MM}$) & EFFICIENCY RATIO
```mermaid
bar chart
    title NON-INTEREST EXPENSES ($\text{MM}$) & EFFICIENCY RATIO
    bar Q1/25: 1,626, 1,619
    bar Q2/25: 1,641, 1,635
    bar Q3/25: 1,691, 1,684
    bar Q4/25: 1,783, 1,776
    bar Q1/26: 1,741, 1,735
```
| | Q1/25 | Q2/25 | Q3/25 | Q4/25 | Q1/26 |
| :--- | :--- | :--- | :--- | :--- | :--- |
| Rpt. Efficiency Ratio | 45.2% | 46.6% | 45.2% | 45.9% | 43.2% |
| Adj.$^2$ Efficiency Ratio | 45.0% | 46.4% | 45.0% | 45.7% | 43.1% |

#### AVERAGE LOANS & DEPOSITS ($\text{B}$)$^{5,6}$
```mermaid
bar chart
    title AVERAGE LOANS & DEPOSITS ($\text{B}$)$^{5,6}$
    bar Q1/25: 435, 332, 103
    bar Q2/25: 437, 332, 105
    bar Q3/25: 447, 335, 108
    bar Q4/25: 443, 337, 110
    bar Q1/26: 449, 339, 110
```
* Personal Loans
* Business Loans

| | Q1/25 | Q2/25 | Q3/25 | Q4/25 | Q1/26 |
| :--- | :--- | :--- | :--- | :--- | :--- |
| Personal Deposits | 350 | 351 | 350 | 353 | 357 |
| Business Deposits | 130 | 129 | 130 | 134 | 138 |

For endnotes, see slides 53-59.

# U.S. Commercial Banking & Wealth Management
Building momentum from volume growth and margin expansion

| Our focus for 2026 | Reported (US\$MM) | Q1/26 | YoY | QoQ | Adjusted$^1$ (US\$MM) | Q1/26 | YoY | QoQ |
| :--- | :--- | :--- | :--- | :--- | :--- | :--- | :--- | :--- |
| 1 Expanding Private Wealth Management with a focus on strategic relationships | Revenue | 630 | 6% | 8% | 630 | 6% | 8% |
| 2 Growing Commercial Banking by delivering the full connected capabilities of our bank, industry expertise and deepening client relationships | Net Interest Income | 433 | 10% | 7% | 433 | 10% | 7% |
| 3 Investing in people, technology and infrastructure to further scale our platform, drive connectivity and enhance data-driven decisioning | Non-Interest Income | 197 | (1)% | 9% | 197 | (1)% | 9% |
| | Expenses | 348 | 6% | (3)% | 345 | 6% | (3)% |
| | PPPT$^2$ | 282 | 7% | 26% | 285 | 7% | 26% |
| | Provision for Credit Losses | 15 | $(33) | $39 | 15 | $(33) | $39 |
| | **Net Income** | **212** | **19%** | **7%** | **214** | **19%** | **6%** |
| | Commercial Banking Revenue | 442 | 12% | 9% | 442 | 12% | 9% |
| | Wealth Management Revenue | 188 | (4)% | 6% | 188 | (4)% | 6% |
| | Loans (Average, US\$B)$^{3,4}$ | 43 | 3% | 3% | 43 | 3% | 3% |
| | Deposits (Average, US\$B)$^4$ | 45 | 5% | 5% | 45 | 5% | 5% |
| | Net Interest Margin (bps) | 401 | 23 | 17 | 401 | 23 | 17 |

#### Commercial Banking Loans and Deposits ($\text{B}$)$^{3,4}$
```mermaid
bar chart
    title Commercial Banking Loans and Deposits ($\text{B}$)$^{3,4}$
    bar Q1/25: 37, 30
    bar Q2/25: 37, 30
    bar Q3/25: 37, 30
    bar Q4/25: 38, 31
    bar Q1/26: 38, 33
    bar YoY|QoQ: +3% +3%, +10% +6%
```

#### Net Interest Margin (bps)
```mermaid
line chart
    title Net Interest Margin (bps)
    x-axis "Q1/25", "Q2/25", "Q3/25", "Q4/25", "Q1/26"
    y-axis "372", "378", "384", "401"
    line "Avg. Loans": 378, 372, 378, 384, 401
    line "Avg. Deposits": 378, 378, 378, 384, 401
```

#### Assets Under Administration ($\text{B}$)$^{5,6}$
```mermaid
bar chart
    title Assets Under Administration ($\text{B}$)$^{5,6}$
    bar Q1/25: 109, 87
    bar Q2/25: 108, 82
    bar Q3/25: 102, 88
    bar Q4/25: 112, 92
    bar Q1/26: 114, 93
    bar YoY|QoQ: +5% +2%, +8% +1%
```

For endnotes, see slides 53-59.

# Capital Markets$^1$
Record earnings driven by strong client activity

| Our focus for 2026 | Reported & Adjusted$^1$ ($MM) | Q1/26 | YoY | QoQ |
| :--- | :--- | :--- | :--- | :--- |
| 1 Maintaining our focused approach to client coverage in Canada | Revenue | 2,017 | 28% | 32% |
| 2 Growing our North American platform by further expanding our U.S. reach and broadening the services offered to clients | Non-Trading Net Interest Income | 473 | 21% | 12% |
| 3 Strengthening our connectivity, technology and innovation efforts to bring more of our bank's offerings to our clients | Non-Trading Non-Interest Income | 638 | 71% | 27% |
| | Trading Revenue$^5$ | 906 | 12% | 52% |
| | Expenses | 836 | 19% | 18% |
| | PPPT$^2$ | 1,181 | 36% | 45% |
| | Provision for Credit Losses | 7 | $(14) | $(70) |
| | **Net Income** | **877** | **42%** | **60%** |
| | Loans (Average, \$B)$^{3,4}$ | 79 | 21% | 5% |
| | Deposits (Average, \$B)$^4$ | 116 | 16% | 8% |

#### Global Markets and Corporate & Investment Banking Revenue ($\text{MM}$)$^6$
```mermaid
bar chart
    title Global Markets and Corporate & Investment Banking Revenue ($\text{MM}$)$^6$
    bar Q1/25: 1,030, 544
    bar Q2/25: 947, 598
    bar Q3/25: 840, 666
    bar Q4/25: 825, 698
    bar Q1/26: 1,253, 764
    bar YoY|QoQ: +22% +52%, +40% +9%
```
* Global Markets Revenue
* Corporate & Investment Banking Revenue

#### Trading Revenue$^5$ (Total Bank)
```mermaid
pie
    title Trading Revenue$^5$ (Total Bank) - Q1/26 $902MM
    "Equities 42%": 42
    "Interest Rates 18%": 18
    "Foreign Exchange 29%": 29
    "Commodities 11%": 11
```
YoY \| QoQ: +11% \| +51%

#### Loans$^3$ and Deposits (Spot, $\text{B}$)
```mermaid
bar chart
    title Loans$^3$ and Deposits (Spot, $\text{B}$)
    bar Q1/25: 66, 101
    bar Q2/25: 68, 102
    bar Q3/25: 73, 104
    bar Q4/25: 77, 108
    bar Q1/26: 79, 119
    bar YoY|QoQ: +20% +2%, +18% +10%
```
* Loans (Spot)
* Deposits (Spot)

For endnotes, see slides 53-59.

# Risk Overview

# Credit Portfolio Breakdown
Lending portfolio has a strong risk profile and is well diversified

#### Overall Loan Mix (Net Outstanding Loans and Acceptances)
```mermaid
pie
    title Overall Loan Mix (Net Outstanding Loans and Acceptances)
    "Consumer 60%": 60
    "Business & Government 40%": 40
```
```mermaid
pie
    title Consumer Loans
    "Real Estate Secured Lending 49%": 49
    "HELOC 3%": 3
    "Cards 3%": 3
    "Auto Lending 2%": 2
    "Personal Lending 3%": 3
    "Retailers 1%": 1
```
```mermaid
pie
    title Business & Government Loans
    "Commercial Real Estate 10%": 10
    "Financial Institutions 10%": 10
    "Other Business & Government (B&G) 15%": 15
```
* **B&G Directly Impacted by Tariffs**: 4%
* **Key industries include**: Agriculture, Manufacturing (including Steel and Aluminum), Transportation, Oil and Gas, Mining, and Forest Products

# Canadian Real Estate Secured Personal Lending
Mortgage delinquencies performing in line with expectations

* Portfolio average Loan-To-Value (LTV) continues to remain healthy
* Condominium mortgages account for 16% of our total residential mortgage portfolio, with a 15% insured mix. This segment continues to perform better than the broader portfolio

#### Canadian Uninsured Mortgage Loan-To-Value$^1$ Ratios
```mermaid
line chart
    title Canadian Uninsured Mortgage Loan-To-Value$^1$ Ratios
    x-axis "Q2/25", "Q3/25", "Q4/25", "Q1/26"
    y-axis "0.45", "0.50", "0.55", "0.60"
    line "Canada": 0.47, 0.48, 0.49, 0.50
    line "GVA$^2$": 0.53, 0.54, 0.55, 0.57
    line "GTA$^2$": 0.55, 0.56, 0.58, 0.60
```

#### 90+ Days Delinquency Rates$^3$
| | Q1/25 | Q4/25 | Q1/26 |
| :--- | :--- | :--- | :--- |
| Total Mortgages | 0.31% | 0.38% | 0.43% |
| Insured Mortgages | 0.36% | 0.34% | 0.37% |
| Uninsured Mortgages | 0.31% | 0.39% | 0.44% |
| Uninsured Mortgages in GVA$^2$ | 0.23% | 0.40% | 0.42% |
| Uninsured Mortgages in GTA$^2$ | 0.36% | 0.48% | 0.55% |

#### HELOC Balances ($\text{B}$; principal)
```mermaid
bar chart
    title HELOC Balances ($\text{B}$; principal)
    bar Q1/25: 19.4, 6.5, 2.6, 10.3
    bar Q4/25: 19.7, 6.7, 2.6, 10.4
    bar Q1/26: 19.4, 6.6, 2.7, 10.1
```
* $\text{GVA}^2$
* $\text{GTA}^2$
* Other Region

#### Mortgage Balances ($\text{B}$; principal)
```mermaid
bar chart
    title Mortgage Balances ($\text{B}$; principal)
    bar Q1/25: 269, 91, 33, 145
    bar Q4/25: 273, 93, 34, 146
    bar Q1/26: 273, 93, 33, 147
```
* $\text{GVA}^2$
* $\text{GTA}^2$
* Other Region

For endnotes, see slides 53-59.

# Canadian Mortgages Renewal Profile – FY26 and FY27 Outlook
Impacts of payment increases at renewal expected to be minimal

#### Current Balances by Renewal Year$^1$ ($\text{B}$)
| Variable Rate | Fixed Rate |
| :--- | :--- |
| 4% Interest Rate: 38 | 4.5% Interest Rate: 33 |
| 4.5% Interest Rate: 20 | Fixed Rate: 46 |

* Using illustrative 4.0% and 4.5% mortgage rates at time of renewal, and no borrower income growth since origination, average mortgage payment increases are forecasted to be **less than 1.4% of clients' income**
* Low loan-to-value of renewal mortgages ranging from 53% to 60% over the next two years
* Proactive outreach included a number of initiatives throughout the years to help our clients through the higher-interest rate environment
* At today's rates, most accounts to be renewed in FY28 and onwards are expected to have either lower or relatively flat monthly payment requirements

#### Average Customer Profile by Renewal Year
| | FY26 | FY27 |
| :--- | :--- | :--- |
| Original qualification rate$^2$ | 5.3% | 5.6% |
| Current LTV | 53% | 60% |
| Monthly payment increase | $102 | $26 |
| % of monthly payment increase | 6% | 1% |
| Payment increase as % of total income at origination | 0.7% | 0.2% |
| Monthly payment increase | $196 | $125 |
| % of monthly payment increase | 10% | 5% |
| Payment increase as % of total income at origination | 1.4% | 0.9% |

For endnotes, see slides 53-59.

# Commercial Real Estate
Commercial real estate loans outstanding are well diversified

* Canada represents 64% of total Canadian & U.S. real estate loans outstanding
* Gross impaired loans as a percentage of total Canadian & U.S. real estate is 0.75%
* Overall, the multi-family portfolio benefits from solid underlying fundamentals
* Condominium developer loans represent less than 1% of our total loan portfolio

#### Canadian Commercial Real Estate Loans Outstanding by Sector$^3$
```mermaid
pie
    title Canadian Commercial Real Estate Loans Outstanding by Sector$^3$
    "Residential (Housing) 22%": 22
    "Multi Family 27%": 27
    "Other 6%": 6
    "Office 6%": 6
    "Industrial 15%": 15
    "Seniors Housing 5%": 5
    "Retail 19%": 19
```
**$46.1B**
* 60% of drawn loan investment grade$^6$

#### Multi-Family Portfolio Metrics
| | Canada | US |
| :--- | :--- | :--- |
| Total outstanding ($\text{B}$) | C\$12.4 | US\$5.6 |
| Weighted Average LTV$^1$ | 60% | 56% |
| Watchlist$^2$ Loan Ratio | 0.4% | 7.6% |
| Gross Impaired Loan Ratio | <0.1% | 3.7% |
| Annualized Net Charge-off Ratio | 0% | 0% |
| Investment Grade Mix of Drawn Loans | 74% | 59% |

#### U.S. Commercial Real Estate Loans Outstanding by Sector$^{4,5}$
```mermaid
pie
    title U.S. Commercial Real Estate Loans Outstanding by Sector$^{4,5}$
    "Residential (Housing) 2%": 2
    "Other 18%": 18
    "Multi Family 30%": 30
    "Office 13%": 13
    "Retail 10%": 10
    "Industrial 22%": 22
    "Hotel 1%": 1
    "Healthcare 4%": 4
```
**US\$18.7B**
* 54% of drawn loan investment grade$^6$

For endnotes, see slides 53-59.

# Interest Rate Sensitivity
Effective interest rate risk management in a changing rate environment

#### NET INTEREST INCOME SENSITIVITY TO A +/- 100 BPS CHANGE$^1$ ($MM)
| Impact by Currency | Long-Term vs. Short-Term Rates |
| :--- | :--- |
| CAD: 230 (Up), (228) (Down) | Long-term: 230 (Up), (136) (Down) |
| USD: 159 (Up), (303) (Down) | Short-term: 71 (Up), (303) (Down) |

#### INTEREST RATE ENVIRONMENT$^2$

##### 5YR CAD Swap – Average (%)
```mermaid
line chart
    title 5YR CAD Swap – Average (%)
    x-axis "Q1/26", "Q1/27", "Q1/28", "Q1/29", "Q1/30", "Q1/31"
    y-axis "0.0", "1.0", "2.0", "3.0", "4.0", "5.0"
    line "Roll-On (Proxy)": 2.5, 2.7, 3.2, 3.4, 3.3, 3.0
    line "Roll-Off (Proxy)": 0.5, 1.0, 1.5, 2.0, 2.5, 2.8
```

##### Canada and U.S. Central Bank and Swap Rates (%)
```mermaid
line chart
    title Canada and U.S. Central Bank and Swap Rates (%)
    x-axis "Jul-19", "Jan-20", "Jul-20", "Jan-21", "Jul-21", "Jan-22", "Jul-22", "Jan-23", "Jul-23", "Jan-24", "Jul-24", "Jan-25", "Jul-25", "Jan-26", "Jul-26"
    y-axis "1.00", "2.00", "3.00", "4.00", "5.00", "6.00"
    line "CAD OIS 5-YR Rate": 1.5, 1.3, 0.7, 0.5, 0.6, 0.7, 1.2, 2.5, 3.5, 3.3, 2.8, 2.8, 2.6, 2.4, 2.4
    line "USD OIS 5-YR Rate": 1.8, 1.6, 0.9, 0.3, 0.4, 0.5, 1.5, 3.0, 4.0, 3.8, 3.4, 3.2, 3.0, 2.8, 2.8
    line "BoC Overnight Rate": 1.75, 1.75, 0.25, 0.25, 0.50, 0.75, 2.50, 4.25, 5.00, 4.75, 4.25, 3.75, 3.00, 2.25, 2.25
    line "Fed Funds Rate": 2.25, 2.25, 1.50, 0.50, 0.50, 0.50, 2.50, 4.50, 5.25, 5.00, 4.50, 4.00, 3.25, 2.75, 2.75
```

For endnotes, see slides 53-59.

# Economic Outlook & Overview

# Economic Outlook$^1$
The ongoing global trade uncertainty presents a challenging environment for economic activity in Canada and abroad

| Economic Indicators ($\%$) $^{2,3}$ | **Canada** | | | **United States (U.S.)** | | |
| :--- | :--- | :--- | :--- | :--- | :--- | :--- |
| | **2025F$^2$** | **2026F$^2$** | **2027F$^2$** | **2025F$^2$** | **2026F$^2$** | **2027F$^2$** |
| Real GDP Growth | 1.6 | 1.3 | 2.0 | 2.2 | 2.3 | 1.8 |
| Inflation | 2.1 | 1.9 | 2.0 | 2.7 | 2.6 | 2.6 |
| Unemployment Rate | 6.8 | 6.5 | 6.0 | 4.3 | 4.4 | 4.3 |

| Interest Rate Forecast ($\%$) $^{4,5}$ | **March 2026$^5$** | **December 2026$^5$** | **December 2027$^5$** | **March 2026$^5$** | **December 2026$^5$** | **December 2027$^5$** |
| :--- | :--- | :--- | :--- | :--- | :--- | :--- |
| Overnight target rate (Canada)/Federal funds rate (midpoint) (U.S.) | 2.25 | 2.25 | 2.75 | 3.625 | 3.125 | 3.125 |

**Canada:**
* CIBC expects the Bank of Canada to keep its target rate on hold at 2.25% through 2026 in order to support interest-sensitive demand.
* While we will see less disinflation from energy prices and some imported goods, inflation will remain close to the 2% target due to ongoing labour market slack that will constrain wage gains and consumer purchasing power for domestic goods and services.
* Fiscal policy will provide only a small boost this year due to restraint at the provincial level and in federal staffing, with stimulus for large capital projects mostly showing up in subsequent years.
* Canadian GDP is expected to grow at 1.3% for 2026 as a whole, and with slow population growth, that will allow the unemployment rate to gradually ease and average at 6.3% by the fourth calendar quarter.

**U.S.:**
* The U.S. economy faces headwinds from a deceleration in population growth and the impact of elevated tariffs on consumer spending power and business costs.
* Despite above-target inflation, the Federal Reserve has resumed cutting interest rates in response to slower hiring and is expected to take the federal funds rate to under 3.5% in calendar year 2026.
* Real GDP growth is expected to be 2.3% for 2026 as a whole, with the unemployment rate stabilizing at 4.4%. Higher budget deficits could prevent a further drop in long-term rates, but fiscal stimulus and lighter regulatory policies will add some support for economic growth in 2026.
* Inflation is expected to stay steady, as the upward lift from tariffs and health care premiums is offset by decelerating rent inflation, with the CPI averaging 2.6% in 2026.

For endnotes, see slides 53-59.

# Snapshot of the Canadian economy

#### Geographical GDP distribution continues to demonstrate that Canada's economy is well diversified
```mermaid
graph TD
    subgraph Canada GDP Distribution (%)
        YT["YT 0.1%"]
        NT["NT 0.2%"]
        NU["NU 0.2%"]
        BC["BC 13.8%"]
        AB["AB 15.6%"]
        SK["SK 3.6%"]
        MB["MB 3.1%"]
        ON["ON 38.7%"]
        QC["QC 19.5%"]
        NL["NL 1.3%"]
        NB["NB 1.6%"]
        NS["NS 2.0%"]
        PEI["PEI 0.3%"]
    end
```

#### Canada: Key Facts
| Fact | Value |
| :--- | :--- |
| Population$^2$ | 41.6 MM |
| GDP (Market Prices)$^3$ | CAD 3,255 BN |
| GDP per capita$^4$ | CAD 78,245 |
| Labour Force$^5$ | 22.7 MM |
| Provinces / Territories | 10 / 3 |
| 2024 Transparency International Corruption Perception Index | Ranked 15th globally |
| Economist Intelligence Unit (2024-2028) | Best business environment: ranked 3rd among G7; 6th globally$^6$ |
| Canada Sovereign Credit Ratings (M/S&P/F/DBRS) | Moody's: Aaa, S&P: AAA, Fitch: AA+, DBRS: AAA |

For endnotes, see slides 53-59.

# Canadian economic indicators demonstrate resilience and performance

* Canada's unemployment rate has been less volatile.
* CPI rose 2.3% year over year in January 2026, down from a 2.4% increase in December 2025$^1$.
* The Bank of Canada has maintained its overnight rate at 2.25%, CIBC expects the Bank of Canada to hold the overnight rate at 2.25% through 2026 to support interest sensitive demand.

#### Unemployment Rate ($\%$) $^2$
```mermaid
line chart
    title Unemployment Rate ($\%$) $^2$
    x-axis "2006", "2008", "2010", "2012", "2014", "2016", "2018", "2020", "2022", "2024", "2026"
    y-axis "0", "1", "2", "3", "4", "5", "6", "7", "8", "9", "10", "11", "12", "13", "14"
    line "Unemployment Rate": 6.5, 6.0, 6.5, 7.0, 6.8, 6.8, 6.5, 13.5, 6.5, 5.5, 5.0
```

#### Canadian Inflation Has Tracked the U.S.$^3$
```mermaid
line chart
    title Canadian Inflation Has Tracked the U.S.$^3$
    x-axis "2006", "2008", "2010", "2012", "2014", "2016", "2018", "2020", "2022", "2024", "2026"
    y-axis "-3", "-2", "-1", "0", "1", "2", "3", "4", "5", "6", "7", "8", "9", "10"
    line "Canada CPI": 1.5, 2.0, 1.5, 2.0, 1.5, 2.0, 2.0, 1.0, 6.0, 2.0, 2.0
    line "US CPI": 1.0, 3.0, 1.0, 1.5, 1.0, 1.5, 2.0, 3.5, 7.0, 2.5, 2.5
```

For endnotes, see slides 53-59.

* Well diversified services-driven economy, with several key industries including finance, manufacturing, services and real estate
* Following the 2007-2008 global recession, diversification had been a stabilizing factor and has led to strong economic performance relative to other industrialized nations

#### Monthly GDP (November 2025)$^1$
```mermaid
pie
    title Monthly GDP (November 2025)$^1$
    "Accommodation and food services, 2%": 2
    "Arts, entertainment and recreation, 1%": 1
    "Health care and social assistance, 8%": 8
    "Educational services, 5%": 5
    "Public administration, 7%": 7
    "Administrative and support, waste management and remediation services, 3%": 3
    "Professional, scientific and technical services, 7%": 7
    "Finance and Insurance, 8%": 8
    "Retail trade, 5%": 5
    "Wholesale trade, 5%": 5
    "Information and cultural industries, 3%": 3
    "Transportation and warehousing, 4%": 4
    "Utilities, 2%": 2
    "Construction, 7%": 7
    "Manufacturing, 8%": 8
    "Real estate and rental and leasing, 13%": 13
    "Mining, quarrying, and oil and gas extraction, 5%": 5
    "Agriculture, forestry, fishing and hunting, 2%": 2
    "Other services (except public administration), 2%": 2
```

#### GDP Indexed to 2007 ($\%$) $^2$
```mermaid
line chart
    title GDP Indexed to 2007 ($\%$) $^2$
    x-axis "2008", "2010", "2012", "2014", "2016", "2018", "2020", "2022", "2024"
    y-axis "90", "100", "110", "120", "130", "140"
    line "Canada": 100, 105, 110, 115, 120, 125, 120, 130, 135
    line "France": 100, 102, 105, 107, 110, 112, 108, 115, 120
    line "Germany": 100, 103, 107, 110, 112, 115, 105, 115, 125
    line "Italy": 100, 101, 103, 105, 107, 108, 95, 105, 110
    line "Japan": 100, 102, 105, 106, 108, 110, 103, 110, 115
    line "United Kingdom": 100, 103, 107, 110, 112, 115, 105, 115, 120
    line "United States": 100, 103, 107, 110, 112, 115, 110, 120, 125
```

For endnotes, see slides 53-59.

# Canadian house price growth has normalized

* Absolute price level is moderate compared to major global urban centers
* Canadian debt to income ratio in line with many developed nations
* Growth rates of house prices in Canada have converged across regions

#### Average Home Price (in $\text{\$000's}$)
| Region | CAD$^1$ | USD Eq.$^2$ | YoY \% Change$^3$ |
| :--- | :--- | :--- | :--- |
| Canada | 653 | 474 | (4.0)% |
| Toronto | 935 | 679 | (8.6)% |
| Vancouver | 1,102 | 800 | (6.4)% |
| Calgary | 556 | 403 | 1.9% |
| Montreal | 580 | 421 | 5.7% |
| Ottawa | 607 | 440 | 0.2% |

#### Household Debt to Income Ratio$^4$
```mermaid
bar chart
    title Household Debt to Income Ratio$^4$
    bar Norway: 260
    bar Netherlands: 210
    bar Denmark: 230
    bar Sweden: 180
    bar Canada: 170
    bar United Kingdom: 140
    bar France: 120
    bar Japan: 100
    bar Ireland: 90
    bar United States: 80
    bar Germany: 70
```
* Household Debt to Income Ratio
* Average

#### Housing Index Year over Year Change, by City$^5$
```mermaid
line chart
    title Housing Index Year over Year Change, by City$^5$
    x-axis "2008", "2009", "2010", "2011", "2012", "2013", "2014", "2015", "2016", "2017", "2018", "2019", "2020", "2021", "2022", "2023", "2024", "2025", "2026"
    y-axis "-20%", "-10%", "0%", "10%", "20%", "30%", "40%"
    line "Canada": -2, 0, 3, 5, 4, 3, 2, 1, 2, 3, 4, 3, 3, 10, 20, 10, 5, 0, -5
    line "Quebec": -1, 1, 3, 5, 4, 3, 2, 1, 2, 3, 4, 3, 3, 10, 20, 10, 5, 0, -5
    line "Montreal": 0, 1, 3, 5, 4, 3, 2, 1, 2, 3, 4, 3, 3, 10, 20, 10, 5, 0, -5
    line "Ottawa": -1, 1, 3, 5, 4, 3, 2, 1, 2, 3, 4, 3, 3, 10, 20, 10, 5, 0, -5
    line "Toronto": 0, 1, 3, 5, 4, 3, 2, 1, 2, 3, 4, 3, 3, 10, 20, 10, 5, 0, -5
    line "Calgary": -5, -10, -5, 0, 5, 10, 15, 10, 5, 5, 0, -5, -10, 5, 15, 5, 0, -5, -10
    line "Vancouver": 0, 2, 5, 8, 10, 12, 10, 5, 2, 3, 5, 5, 5, 15, 25, 15, 10, 5, 0
    line "Halifax": -1, 1, 3, 5, 4, 3, 2, 1, 2, 3, 4, 3, 3, 10, 20, 10, 5, 0, -5
```

For endnotes, see slides 53-59.

# Mortgage market supported by strong fundamentals

#### Mortgage Arrears by Number of Mortgages$^1$
```mermaid
line chart
    title Mortgage Arrears by Number of Mortgages$^1$
    x-axis "1995", "1997", "1999", "2001", "2003", "2005", "2007", "2009", "2011", "2013", "2015", "2017", "2019", "2021", "2023", "2025"
    y-axis "0.0%", "0.5%", "1.0%", "1.5%", "2.0%", "2.5%", "3.0%", "3.5%", "4.0%", "4.5%", "5.0%"
    line "Canada": 1.5, 1.0, 0.7, 0.6, 0.5, 0.6, 0.7, 1.2, 0.9, 0.6, 0.5, 0.4, 0.3, 0.4, 0.3, 0.25
    line "U.K.": 3.0, 2.5, 2.0, 1.5, 1.0, 0.8, 1.0, 2.0, 1.5, 1.0, 0.7, 0.6, 0.5, 0.5, 0.4, 0.4
    line "U.S.": 4.0, 3.5, 3.0, 2.5, 2.0, 1.5, 2.0, 4.5, 3.5, 2.5, 1.5, 1.0, 0.8, 0.7, 0.6, 0.5
```

**Canada has one of the highest urbanization rates in the G7**
* Over 45% of the Canadian population lives in one of the four largest cities
* A greater rate of urbanization is a strong contributor to increases in property values

#### Canadian mortgages consistently outperform U.S. and U.K. mortgages
* Low defaults and arrears reflect the strong Canadian credit culture
* Mortgage interest is generally not tax deductible, resulting in an incentive for mortgagors to limit their amount of mortgage debt
* In most provinces, lenders have robust legal recourse to recoup losses
* Mortgage arrears have declined from high of 0.45% in 2009 to 0.25% in November 2025$^2$

#### Population in Top Four Cities$^3$
```mermaid
bar chart
    title Population in Top Four Cities$^3$
    bar Canada: 45
    bar U.K.: 28
    bar U.S.: 20
    bar Germany: 15
    bar France: 10
```
Average Annual Population Growth (2014-2024)$^4$

For endnotes, see slides 53-59.

# Capital, Funding & Liquidity

# Capital and Liquidity
Strong capital supports shareholder returns and disciplined resource allocation

#### Capital Position
* CET1 ratio of 13.4%, up 5 bps from prior quarter
* Strong net internal capital generation
* Bought back 8.0MM shares in the quarter

#### CET1 Ratio
```mermaid
gantt
    title CET1 Ratio
    dateFormat  YYYY-MM-DD
    section Movements
    Q4/25: active, 2025-10-01, 13.3%
    Net Internal Capital Generation: milestone, after Q4/25, 28-0-0
    RWA Growth: active, 2025-10-01, 28d
    NCIB$^3$: active, 2025-11-01, 28d
    Other (incl. FX)$^4$: active, 2025-11-01, 5d
    Q1/26: milestone, after Q1/26, 13.4%
```
Net Internal Capital Generation: **+28 bps** | 8.0MM shares
Pro forma $\sim$13.7\%$^5$

| $\text{B}$ | Q1/25 | Q4/25 | Q1/26 |
| :--- | :--- | :--- | :--- |
| Average Loans and Acceptances$^1$ | 564.7 | 584.7 | 592.4 |
| Average Deposits$^1$ | 794.2 | 806.2 | 825.2 |
| CET1 Capital$^2$ | 46.2 | 47.7 | 48.5 |
| CET1 Ratio | 13.5% | 13.3% | 13.4% |
| Risk-Weighted Assets ($\text{RWA}$)$^2$ | 341.9 | 357.8 | 361.8 |
| Leverage Ratio$^2$ | 4.3% | 4.3% | 4.4% |
| Liquidity Coverage Ratio (average)$^2$ | 132% | 132% | 133% |
| $\text{HQLA}$ (average)$^2$ | 212.7 | 200.4 | 205.9 |
| Net Stable Funding Ratio$^2$ | 113% | 116% | 114% |

#### $\text{RWA}$ ($\text{B}$)
```mermaid
waterfall
    title RWA ($\text{B}$)
    section Q4/25
    357.8: 357.8
    section Movements
    Credit Risk (excl. FX): 5.5
    Market & Operational Risk: 1.9
    FX: -3.3
    section Q1/26
    361.8: 361.8
```

# Funding & Liquidity
A well-diversified, high-quality, client-driven balance sheet

* Liquidity and funding position continue to remain well-above regulatory requirements
* Client deposits are the primary source of funding, comprising over $500B of the total funding base
* Funding strategy is supplemented in part by wholesale funding, which is diversified across investor type, geographies, currencies, maturities, security and funding instruments
* Wholesale funding comprises of both short-term and long-term funding, across both secured and unsecured

| Metric | Q1/26 |
| :--- | :--- |
| Minimum Requirement | 100% |
| Net Stable Funding Ratio | 114% |
| Liquidity Coverage Ratio | 133% |

#### Total Loss Absorbing Capacity ($\text{TLAC}$)$^1$
| $\text{TLAC}$ Composition ($\text{B}$) | $\text{TLAC}$ Ratio |
| :--- | :--- |
| 116.0 | 32.1% |
| External Instruments: 52.3 | Requirement: 25.0% |
| Tier 2 Instruments: 8.1 | |
| Additional Tier 1 Capital: 7.4 | |
| CET1 Capital: 48.5 | |

#### Funding Mix (Q1/26, \$1,133B)
```mermaid
pie
    title Funding Mix (Q1/26, $1,133B)
    "Client Deposits 52%": 52
    "WSF 29%": 29
    "Capital 6%": 6
    "Repos 15%": 15
    "Other (incl. Derivatives) 7%": 7
```
**WSF** $\text{\$230B}$
* $> 1$ Year Maturity: 9%
* $< 1$ Year Maturity: 12%

For endnotes, see slides 53-59.

#### Assets ($\text{\$1,133B}$)
```mermaid
pie
    title Assets ($\text{\$1,133B}$)
    "Liquid Assets 39%": 39
    "Loan Portfolio 53%": 53
    "Other Assets$^3$ 8%": 8
```
| Asset Category | Coverage (Liquid Assets / Wholesale Funding) |
| :--- | :--- |
| Cash & Repos | 128% |
| Trading & Investment Securities | |
| Residential Mortgages$^2$ | |
| Other Retail Loans | |
| Corporate Loans | |

#### Liabilities & Equity
```mermaid
pie
    title Liabilities & Equity
    "Wholesale-sourced Funding 31%": 31
    "Capital + Client-related Funding 63%": 63
    "Other Liabilities$^3$ 7%": 7
```
| Liability Category | Coverage (Deposits + Capital / Loans) |
| :--- | :--- |
| Unsecured Funding | 119% |
| Secured Funding$^4$ | |
| Personal Deposits | |
| Business & Gov't Deposits | |
| Securitization & Covered Bonds Capital$^5$ | |

For endnotes, see slides 53-59.

# Balance Sheet
Strong growth in loans and deposits; yields down reflecting rate decreases

#### AVERAGE ASSETS ($\text{B}$) & YIELDS$^{1,2,3}$
```mermaid
line chart
    title AVERAGE ASSETS ($\text{B}$) & YIELDS$^{1,2,3}$
    x-axis "Q1/25", "Q2/25", "Q3/25", "Q4/25", "Q1/26"
    y-axis "1000", "1100", "1200"
    line "Loans & Acceptances": 565, 568, 576, 585, 592
    line "Securities": 274, 270, 274, 281, 297
    line "Other": 260, 257, 253, 253, 265
    line "Yield on Avg. Interest-Earning Assets": 5.83, 5.54, 5.49, 5.51, 5.32
```
Yields: 5.00%, 4.82%, 4.72%, 4.66%, 4.42%

#### AVERAGE LIABILITIES AND EQUITY ($\text{B}$), & COSTS$^{1,4,5}$
```mermaid
line chart
    title AVERAGE LIABILITIES AND EQUITY ($\text{B}$), & COSTS$^{1,4,5}$
    x-axis "Q1/25", "Q2/25", "Q3/25", "Q4/25", "Q1/26"
    y-axis "1000", "1100", "1200"
    line "Notice/Demand - Personal": 233, 235, 237, 246, 258
    line "Notice/Demand - Corporate & Commercial": 180, 175, 173, 170, 173
    line "Term": 151, 156, 156, 157, 160
    line "Equity": 60, 63, 62, 64, 65
    line "Cost of Liabilities on Avg. Interest-Earning Assets": 3.18, 2.83, 2.77, 2.73, 2.40
```
Costs: 3.51%, 3.28%, 3.14%, 3.07%, 2.81%

For endnotes, see slides 53-59.

# Glossary

| | Definition |
| :--- | :--- |
| 1 Adjusted Diluted EPS | We adjust our reported diluted EPS to remove the impact of items of note, net of income taxes, to calculate the adjusted EPS |
| 2 Adjusted ROE | We adjust our reported net income attributable to common shareholders to remove the impact of items of note, net of income taxes, to calculate the adjusted return on common shareholders' equity. |
| 3 Adjusted Operating Leverage | We adjust our reported revenue and non-interest expenses to remove the impact of items of note. |
| 4 Adjusted Dividend Payout Ratio | We adjust our reported net income attributable to common shareholders to remove the impact of items of note, net of income taxes, to calculate the adjusted dividend payout ratio. |
| 5 Imperial Service | CIBC's comprehensive financial planning and advisory services platform tailored to meet the goals of mass affluent clients |

# Endnotes

### Slide 3 - A leading, well-diversified North American Financial Institution
1. Global regular head count for CIBC. This excludes FCIB, temporary employees and contingent workers.
2. Last twelve months (LTM) results as of January 31, 2026 (Q1/26).
3. For additional information on the composition, see the "Glossary" section in the Q1/26 Quarterly Report to Shareholders, available on SEDAR+ at www.sedarplus.com.
4. TSR is calculated based on common share price appreciation plus reinvested dividend income as at January 31, 2026.
5. Calculated pursuant to Office of the Superintendent of Financial Institutions (OSFI) Capital Adequacy Requirements (CAR) Guideline, which is based on Basel Committee on Banking Supervision (BCBS) standards.
6. Net income (loss) attributable to equity shareholders.
7. Corporate & Other not shown, and as a result, the chart may not add to 100%. Certain prior period information has been restated. See the "External reporting changes" section in the Q1/26 Quarterly Report to Shareholders, available on SEDAR+ at www.sedarplus.com.
8. Reflects the business line regional breakdown of revenue based on our management reporting view rather than the legal entity location where the results are recorded.
9. Includes revenue from U.S. Commercial Banking & Wealth Management, and revenue from Capital Markets operations in the U.S.
10. Moody's Long-Term Deposit and Counterparty Risk Assessment Rating; S&P issuer Credit Rating; Fitch Long-Term Deposit Rating and Derivative Counterparty Rating; DBRS Long-Term Issuer Rating as at Q1/26.
11. Subject to conversion under the bank recapitalization "bail-in" regime.

### Slide 5 - Our client focus continues to enhance client experience results across the bank
1. Based on F25 internal NPS surveys.
2. CIBC received the highest score in the J.D. Power 2025 Canada Banking Mobile App and Banking Online Satisfaction Studies, which measure customers' satisfaction with financial institutions' mobile applications and website experience for banking account management. Visit jdpower.com/awards for more details.
3. See news release for Forrester.
4. Ipsos Customer Satisfaction Index 2025.
5. Peer average based on RBC, TD, BNS, and BMO.

### Slide 9 - Expanding Our Digital-First Personal Banking Capabilities
1. CIBC ranks #1 in the 2023 Mobile Banking award from Surviscor Inc. Source: https://cibc.mediaroom.com/2023-10-23-CIBC-ranks-1-in-the-2023-Mobile-Banking-award-from-Surviscor-Inc.
2. Cash Back Visa Card has been ranked as the Best Credit Card for Young Adults for 2024 by Hardbacon. Source: https://www.simplii.com/en/about-us.html#awards.
3. No Fee Chequing Account has been voted as the Best Chequing Account 2024 by Ratehub. Source: https://www.simplii.com/en/about-us.html#awards.

### Slide 14 - Our strategy is aligned with our capital deployment priorities
1. Does not include Common Equity Tier 1 "CET1" Accretion and may not total to 100% due to rounding. CET1 accretion refers to capital deployed to support CET1 ratio growth from F19 (11.6%) to F25 (13.3%). CET1 accretion represents 14% of total capital deployment.
2. Capital deployment for organic growth is measured as capital deployed to support RWA growth (excluding acquisition date RWA increases and changes in FX since October 31, 2019) and capitalized technology software investment (net of related deferred tax liabilities) from F20-F25.
3. Capital deployment for inorganic growth is measured as capital deployment to support acquisition date increases in RWAs and capital deductions (primarily related to goodwill and intangible assets, after netting related deferred tax liabilities) for material transactions (including the impact of Canadian Costco credit card portfolio and Wellington Financial acquisitions).
4. Based on adjusted measures. See slide 63 for further details. See note 4 in Glossary section.

### Slide 16 - Making progress against our through the cycle financial objectives
1. Based on adjusted measures. Adjusted measures are non-GAAP measures. See slide 61 for further details.
2. Medium-term targets are defined as through-the-cycle, which is currently defined as three to five years, assuming a normal business environment and credit cycle.
3. The 3-year compound annual growth rate (CAGR) is calculated from 2022 to 2025 and the 5-year CAGR is calculated from 2020 to 2025. On April 7, 2022, CIBC shareholders approved a two-for-one share split (Share Split) of CIBC's issued and outstanding common shares.
Each shareholder of record at the close of business on May 6, 2022 (Record Date) received one additional share on May 13, 2022 (Payment Date) for every one share held on the Record Date. All common share numbers and per common share amounts have been adjusted to reflect the Share Split as if it was retroactively applied to the beginning of 2022.
5. Beginning in 2025, the adjusted ROE target is revised to 15%+ through-the-cycle.
9. For additional information on the composition, see the "Glossary" section in the Q1/26 Quarterly Report to Shareholders, available on SEDAR+ at www.sedarplus.com.

### Slide 18 - Delivering value for shareholders by driving sustainable growth and profitability
1. Last twelve months (LTM) results as of January 31, 2026 (Q1/26).
2. All per common share amounts reflect the two for one common share split effective May 13, 2022, and prior periods have been restated for comparative purposes. See note 1 in the Glossary section.
3. See note 2 in the Glossary section.
4. Adjusted results are non-GAAP measures. See slide 61 for further details.

### Slide 19 - Underpinned by our balance sheet strength and prudent risk management
1. Capital ratios are calculated pursuant to the OSFI's CAR Guideline, and the liquidity coverage ratio is calculated pursuant to OSFI's Liquidity Adequacy Requirements (LAR) Guideline, all of which are based on the Basel Committee on BCBS standards. For additional information, see the "Capital management" and "Liquidity risk" sections in the Q1/26 Quarterly Report to Shareholders, available on SEDAR+ at www.sedarplus.com.
2. Total allowance for credit losses to gross carrying amount of loans. The gross carrying amount of loans include certain loans that are measured at fair value through profit or loss (FVTPL).
3. Provision for (reversal of) credit losses on impaired loans to average loans and acceptances, net of allowance for credit losses.

### Slide 21 - Canadian Personal & Business Banking
1. All figures based on F25 results or spot data as of October 31, 2025, unless otherwise stated. Certain prior period information has been restated. See the "External reporting changes" section in the Q1/26 Quarterly Report to Shareholders, available on SEDAR+ at www.sedarplus.com. Client segment revenue includes only Personal and Business Banking business segment.
2. Full-time equivalent employees.
3. Pre-provision, pre-tax earnings (PPPT) is revenue net of non-interest expenses and is a non-GAAP measure. See slide 61 for further details.
4. For additional information on the composition of this specified financial measure, see the "Non-GAAP measures" section in the Q1/26 Quarterly Report to Shareholders, available on SEDAR+ at www.sedarplus.com.
5. Personal Banking clients with dedicated advisors.

### Slide 22 - Canadian Commercial Banking & Wealth Management
1. All figures based on F25 results or spot data as of October 31, 2025, unless otherwise stated. Certain prior period information has been restated. See the "External reporting changes" section in the Q1/26 Quarterly Report to Shareholders, available on SEDAR+ at www.sedarplus.com.
2. Full-time equivalent employees.
3. Pre-provision, pre-tax earnings (PPPT) is revenue net of non-interest expenses and is a non-GAAP measure. See slide 61 for further details.
4. For additional information on the composition of this specified financial measure, see the "Non-GAAP measures" section in the Q1/26 Quarterly Report to Shareholders, available on SEDAR+ at www.sedarplus.com.
5. Based on spot; Assets under management (AUM) amounts are included in the amounts reported under assets under administration (AUA). For additional information on the composition, see the "Glossary" section in the Q1/26 Quarterly Report to Shareholders, available on SEDAR+ at www.sedarplus.com.
6. Average balances are calculated as a weighted average of daily closing balances.
7. Loans are stated before any related allowances; include loans and acceptances and notional amount of letters of credit.

### Slide 23 - U.S. Commercial Banking & Wealth Management
1. All figures based on F25 results or spot data as of October 31, 2025, unless otherwise stated. Certain prior period information has been restated. See the "External reporting changes" section in the Q1/26 Quarterly Report to Shareholders, available on SEDAR+ at www.sedarplus.com.
2. U.S. Commercial Banking and Wealth Management clients at the household level.
3. Pre-provision, pre-tax earnings (PPPT) is revenue net of non-interest expenses and is a non-GAAP measure. See slide 61 for further details.
4. For additional information on the composition of this specified financial measure, see the "Non-GAAP measures" section in the Q1/26 Quarterly Report to Shareholders, available on SEDAR+ at www.sedarplus.com.
5. Based on spot; Funds Managed includes U.S. Commercial Banking and Wealth Management Loans & Acceptances (gross of allowances), deposits and assets under management (AUM) distributed in U.S. Commercial Banking and Wealth Management channels. We believe that funds managed provides the reader with a better understanding of how management assesses the size of our total client relationships.
6. Based on spot; Assets under management (AUM) amounts are included in the amounts reported under assets under administration (AUA). For additional information on the composition, see the "Glossary" section in the Q1/26 Quarterly Report to Shareholders, available on SEDAR+ at www.sedarplus.com. Includes certain Canadian Commercial Banking and Wealth Management assets that U.S. Commercial Banking and Wealth Management provides sub-advisory services for.

### Slide 24 - Capital Markets
1. All figures based on F25 results or spot data as of October 31, 2025, unless otherwise stated. Certain prior period information has been restated. See the "External reporting changes" section in the Q1/26 Quarterly Report to Shareholders, available on SEDAR+ at www.sedarplus.com.
2. Full-time equivalent employees.
3. Pre-provision, pre-tax earnings (PPPT) is revenue net of non-interest expenses and is a non-GAAP measure. See slide 61 for further details.
4. For additional information on the composition of this specified financial measure, see the "Non-GAAP measures" section in the Q1/26 Quarterly Report to Shareholders, available on SEDAR+ at www.sedarplus.com.
6. Effective Q1/26, our foreign exchange and payments business, previously reported within Global markets, has been realigned to Corporate and investment banking. Prior period amounts have been restated.

### Slide 28 - Canadian Personal & Business Banking
1. Adjusted results are non-GAAP measures. see slide 61 for further details.
2. Pre-provision, pre-tax earnings is revenue net of non-interest expenses and is a non-GAAP measure. see slide 61 for further details.
3. Loan amounts are stated before any related allowances.
4. Average balances are calculated as a weighted average of daily closing balances.

### Slide 29 - Digital Trend
1. Based on spot balances as at January 31 for the respective periods.
2. Digital Adoption (Penetration) Rate represents the percentage share of Digital Registered Customers who have been engaged on CIBC Online Banking and/or CIBC Mobile Banking at least once in the last 90 calendar days out of all Canadian Personal Banking customers engaged across any channel.
3. Active Digital Users represent the 90-day active clients in Canadian Personal Banking.
4. Reflects financial transactions only.
5. Other includes transfers and eDeposits.
6. Reflects applications initiated in a digital channel, and core retail (acquisition) sales units only, which cover Deposits, Cards and Lending (excluding auto loans).

### Slide 30 - Canadian Commercial Banking & Wealth Management
1. Adjusted results are non-GAAP measures. see slide 61 for further details.
2. Pre-provision, pre-tax earnings is revenue net of non-interest expenses and is a non-GAAP measure. see slide 61 for further details.
3. Comprises loans and acceptances and notional amount of letters of credit. Loan amounts are stated before any related allowances.
4. Commercial Banking only. Average balances are calculated as a weighted average of daily closing balances.
5. Assets under management (AUM) are included in assets under administration (AUA).
6. For additional information on the composition, see the "Glossary" section in the Q1/26 Quarterly Report to Shareholders, available on SEDAR+ at www.sedarplus.com.

### Slide 31 - Canadian Personal & Commercial Banking
1. Includes the results of Canadian Personal and Business Banking and Canadian Commercial Banking. Amounts have been restated from those previously presented to exclude Investor's Edge. See "External reporting changes" for additional details in the Q1/26 Quarterly Report to Shareholders, available on SEDAR+ at www.sedarplus.com.
2. Adjusted results are non-GAAP measures. see slide 61 for further details.
3. Certain additional disclosures for net interest margin on average interest-earning assets (NIM) have been incorporated by reference and can be found in the Glossary section in the Q1/26 Quarterly Report to Shareholders, available on SEDAR+ at www.sedarplus.com.
4. Gross inflow spread (excluding open) represents the client rate less cost of funds. We show gross inflow spreads excluding open as open mortgages tend to be for clients that have reached end of term and not arranged for a more permanent renewal, are outstanding for a short period of time, have much higher rates and hence, spreads than the rest of the portfolio originations.
5. Average balances are calculated as a weighted average of daily closing balances.
6. Average loans and acceptances, before any related allowances.

### Slide 32 - U.S. Commercial Banking & Wealth Management:
1. Adjusted results are non-GAAP measures. see slide 61 for further details.
2. Pre-provision, pre-tax earnings is revenue net of non-interest expenses and is a non-GAAP measure. see slide 61 for further details.
3. Comprises loans and acceptances and notional amount of letters of credit. Loan amounts are stated before any related allowances.
4. Average balances are calculated as a weighted average of daily closing balances.
5. Assets under management (AUM) are included in assets under administration (AUA). Includes certain Canadian Commercial Banking and Wealth Management assets that U.S. Commercial Banking and Wealth Management provides sub-advisory services for.
6. For additional information on the composition, see the "Glossary" section in the Q1/26 Quarterly Report to Shareholders, available on SEDAR+ at www.sedarplus.com.

### Slide 33 - Capital Markets
1. Adjusted results are non-GAAP measures. see slide 61 for further details.
2. Pre-provision, pre-tax earnings is revenue net of non-interest expenses and is a non-GAAP measure. see slide 61 for further details.
3. Loan amounts are before any related allowances.
4. Average balances are calculated as a weighted average of daily closing balances.
6. Effective Q1/26, our foreign exchange and payments business, previously reported within Global markets, has been realigned to Corporate and investment banking. Prior period amounts have been restated.

### Slide 36 - Canadian Real Estate Secured Personal Lending
1. LTV ratios for residential mortgages are calculated based on weighted average. See page 29 of Q1/26 report to shareholders, available on SEDAR+ at www.sedarplus.com for further details.
2. GVA and GTA definitions based on regional mappings from Teranet.
3. Total mortgages, insured mortgages, and uninsured mortgages include multi-family mortgages while the categories of uninsured mortgages in GVA and GTA exclude multi-family mortgages as of Q3/25. History is restated due to methodology change.

### Slide 37 - Canadian Mortgages Renewal Profile – FY26 and FY27 Outlook
1. Excludes third party mortgages which were not originated by CIBC.
2. Based on average original qualification rate of all cohorts.

### Slide 38 - Commercial Real Estate
1. Excludes accounts with no LTV.
2. Watchlist is classified as loans CCC+ to C by S&P Global Rating Standards.
3. Includes $7.5B in Multi Family that is reported in residential mortgages in the Supplementary Financial Information package.
4. Includes US\$1.0B in loans that are reported in other industries in the Supplementary Financial Information package but are included here because of the nature of the security.
5. Other includes Commercial with CRE Repayment, Land, Student Housing, and Mixed Use.
6. Effective Q3/25, investment grade rating mix is calculated based on borrower ratings, as opposed to facility ratings in the prior quarters.

### Slide 39 - Interest Rate Sensitivity
1. A number of assumptions are used to measure Structural Interest Rate Sensitivity. For additional information, see the "Market risk" non-trading activities section in the Q1/26 Quarterly Report to Shareholders, available on SEDAR+ at www.sedarplus.com.
2. Source: Bloomberg, January 31, 2026

### Slide 41 - Economic Outlook
1. This slide contains forward looking-statements. Refer to Forward Looking Statements on slide 1.
2. Data is real % change, seasonally adjusted annual rate, unless otherwise noted.
3. Source: CIBC Economics. Estimates as of January 15th, 2026.
4. Source: CIBC Economics. Estimates as of February 11th, 2026.
5. Data is end of period.

### Slide 42 - Snapshot of the Canadian economy
1. Percentage may not add up to 100% due to rounding.
2. Source: Statistics Canada. Table 17-10-0009-01 Population estimates, quarterly
3. Source: Statistics Canada. Table 36-10-0104-01 Gross domestic product, expenditure-based, Canada, quarterly (x 1,000,000)
4. Source: Statistics Canada, tables 36-10-0104-01 and 17-10-0009-01
5. Source: Statistics Canada. Table 14-10-0287-01 Labour force characteristics, monthly, seasonally adjusted and trend-cycle, last 5 months
6. Source: Economist Intelligence Unit, 2024 (2024-2028).

### Slide 43 - Canadian economic indicators demonstrate resilience and performance
1. Source: CIBC Economics, 2025 CIBC Annual Report
2. Source: Statistics Canada; U.S. Bureau of Labor Statistics, February 2026. Certain groups of people in Canada are counted as unemployed but are deemed as not participating in the labour force in the U.S. - e.g. job seekers who only looked at job ads, or individuals not able to work due to family responsibilities.
3. Source: Statistics Canada Canadian Economic Tracker Dashboard.

### Slide 44 - Canadian economic indicators demonstrate resilience and performance
1. Source: Statistics Canada. Table 36-10-0402-02; Percentages may not add up to 100% due to rounding
2. Source: IMF, World Economic Outlook Database, October 2025. Source: CIBC Economics. Estimates as of February 12th, 2025.

### Slide 45 - Canadian house price growth has normalized
1. Source: CREA, January 2026.
2. 1 USD = 1.3778 CAD
3. Source: Teranet - National Bank House Price Index.
4. Source: OECD. Household debt ratios across countries can be significantly affected by different institutional arrangements, among which tax regulations regarding tax deductibility of interest payments.
5. Source: Bloomberg, Teranet - National Bank House Price Index, January 2026

### Slide 46 - Mortgage market supported by strong fundamentals
1. Source: UK Finance, CBA, MBA. *Mortgage arrears of 3+ months in Canada and UK or in foreclosure process in the US.
2. Source: Canadian Banker's Association.
3. Source: 2022 Census for France; 2021 Census for Canada, UK; 2022 Census for Germany; 2020 Census for US.
4. Source: Source: United Nations, Department of Economic and Social Affairs, Population Division (2024). World Population Prospects 2024, Online Edition.

### Slide 48 - Capital and Liquidity
1. Average balances are calculated as a weighted average of daily closing balances.
2. RWA and our capital balances and ratios are calculated pursuant to OSFI's CAR Guideline, the leverage ratio is calculated pursuant to OSFI's Leverage Requirements Guideline, LCR, HQLA and NSFR are calculated pursuant to OSFI's LAR Guideline, all of which are based on BCBS standards. For additional information, see the "Capital management" and "Liquidity risk" section in Q1/26 Quarterly Report to Shareholders, available on SEDAR+ at www.sedarplus.com.
3. Normal Course Issuer Bid. Normal Course Issuer Bid. On September 8, 2025, we announced that the Toronto Stock Exchange had accepted the notice of our intention to commence an NCIB. Purchases under this bid will be completed upon the earlier of: (i) CIBC purchasing 20 million common shares; (ii) CIBC providing a notice of termination; or (iii) September 9, 2026. During the quarter, 7,990,500 common shares were purchased and cancelled at an average price of $125.53 for a total amount of $1,003 million. Since the inception of this NCIB, 11,490,500 common shares have been purchased and cancelled for a total amount of $1,396 million.
4. Includes 3bps of common share issuance through equity-settled share-based compensation plans
5. CIBC received OSFI approval to exclude an operational loss event that was recognized in fiscal 2023 from the operational risk capital calculations. This exclusion of an operational loss event from operational risk RWA will be reflected beginning in the second quarter of 2026, which will add in excess of 25 basis points to our CET1 ratio.

### Slide 49 - Funding & Liquidity
1. TLAC is calculated pursuant to OSFI's TLAC Guideline, which is based on BCBS standards. For additional information, see the "Capital Management" section in the Q1/26 Quarterly Report to Shareholders, available on SEDAR+ at www.sedarplus.com.

### Slide 50 - Funding & Liquidity
1. Percentages may not add up to 100% due to rounding.
2. Securitized agency MBS are on balance sheet as per IFRS.
3. Derivatives related assets, are largely offset by derivatives related liabilities. Under IFRS derivative amounts with master netting agreements cannot be offset and the gross derivative assets and liabilities are reported on balance sheet.
4. Includes obligations related to securities sold short, cash collateral on securities lent and obligations related to securities under repurchase agreements.
5. Capital includes subordinated liabilities.

### Slide 51 - Balance Sheet
1. Average balances are calculated as weighted average of daily closing balances. Average interest-earning assets include interest-bearing deposits with banks, interest-bearing demand deposits with Bank of Canada, securities, cash collateral on securities borrowed, securities purchased under resale agreements, loans net of allowances for credit losses, and certain sublease-related assets.
2. The yield for loans and acceptances is calculated as interest income on loans as a percentage of average loans and acceptances, net of allowance for credit losses. The yield on securities is calculated as interest income on securities as a percentage of average securities. Total yield on average interest-earning assets is calculated as interest income on assets as a percentage of average interest-earning assets. These metrics do not have a standardized meaning and may not be comparable to similar measures disclosed by other financial institutions.
3. Other includes balances related to cash and deposits with banks, reverse repos, and other.
4. The yield for Personal-Notice/Demand deposits is calculated as interest expense on Personal-Notice/Demand deposits as a percentage of average Personal-Notice/Demand deposits. The yield for Corporate & Commercial-Notice/Demand deposits is calculated as interest expense on Corporate & Commercial-Notice/Demand deposits as a percentage of average Corporate & Commercial-Notice/Demand deposits. The yield for Term-Client deposits is calculated as interest expense on Term-Client deposits as a percentage of average Term-Client deposits. Term-Client deposits are term deposits less wholesale funding. Total cost on average interest-earning assets is calculated as interest expense on liabilities as a percentage of average interest-earning assets. These metrics do not have a standardized meaning and may not be comparable to similar measures disclosed by other financial institutions.
5. Other includes wholesale funding, sub-debt, repos and other liabilities.

# CIBC Investor Relations Contacts
**GEOFF WEISS, SENIOR VICE PRESIDENT**
Email: Geoffrey.Weiss@cibc.com
Phone: +1 (416) 980-5093

**JASON PATCHETT, SENIOR DIRECTOR**
Email: Jason.Patchett@cibc.com
Phone: +1 (416) 980-8691

# Non-GAAP Measures
We use a number of financial measures to assess the performance of our business lines as described below. Some measures are calculated in accordance with GAAP (IFRS), while other measures do not have a standardized meaning under GAAP, and accordingly, these measures may not be comparable to similar measures used by other companies. Investors may find these non-GAAP measures, which include non-GAAP financial measures and non-GAAP ratios as defined in National Instrument 52-112 "Non-GAAP and Other Financial Measures Disclosure", useful in understanding how management views underlying business performance.

Management assesses results on a reported and adjusted basis and considers both as useful measures of performance. Adjusted measures, which include adjusted total revenue, adjusted provision for credit losses, adjusted non-interest expenses, adjusted income before income taxes, adjusted income taxes and adjusted net income, in addition to the adjusted measures noted below, remove items of note from reported results to calculate our adjusted results. Items of note include the amortization of intangible assets, and certain items of significance that arise from time to time which management believes are not reflective of underlying business performance. We believe that adjusted measures provide the reader with a better understanding of how management assesses underlying business performance and facilitates a more informed analysis of trends. While we believe that adjusted measures may facilitate comparisons between our results and those of some of our Canadian peer banks, which make similar adjustments in their public disclosure, it should be noted that there is no standardized meaning for adjusted measures under GAAP.

The following tables on slides 62 to 65 provide a reconciliation of GAAP (reported) results to non-GAAP (adjusted) results.

Additional information about key performance and non-GAAP measures can be found under "Non-GAAP measures" section of our Q1/26 Quarterly Report to Shareholders, available on SEDAR+ at www.sedarplus.com.

Certain additional disclosures for these specified financial measures have been incorporated by reference and can be found in the "Non-GAAP measures" section on pages 8 to 11 of our Q1/26 Quarterly Report to Shareholders, available on SEDAR+ at www.sedarplus.com, including the quantitative reconciliations therein of reported GAAP measures to: adjusted total revenue, adjusted provision for credit losses, adjusted non-interest expenses, adjusted income before income taxes, adjusted income taxes, and adjusted net income on pages 9 to 11; pre-provision, pre-tax earnings and adjusted pre-provision, pre-tax earnings on page 11.

Certain additional disclosures for these specified financial measures have been incorporated by reference and can be found in the "Non-GAAP measures" section on pages 13 to 15 of our 2025 Annual Report to Shareholders, available on SEDAR+ at www.sedarplus.com, including the quantitative reconciliations therein of reported GAAP measures to: adjusted total revenue, adjusted provision for credit losses, adjusted non-interest expenses, adjusted income before income taxes, adjusted income taxes, and adjusted net income on pages 14 to 15; pre-provision, pre-tax earnings and adjusted pre-provision, pre-tax earnings on page 15.

# Reconciliation for Non-GAAP Financial Measures
$\$$ millions, for the three months ended January 31, 2026

| | Canadian Personal and Business Banking | Canadian Commercial Banking and Wealth Management | U.S. Commercial Banking and Wealth Management | Capital Markets | Corporate and Other | CIBC Total | U.S. Commercial Banking and Wealth Management (US\$ millions) |
| :--- | :--- | :--- | :--- | :--- | :--- | :--- | :--- |
| **Operating results – reported** | | | | | | | |
| Total revenue | 3,295 | 1,923 | 874 | 2,017 | 289 | 8,398 | 630 |
| Provision for credit losses | 446 | 84 | 21 | 7 | 10 | 568 | 15 |
| Non-interest expenses | 1,558 | 941 | 483 | 836 | 511 | 4,329 | 348 |
| Income (loss) before income taxes | 1,291 | 898 | 370 | 1,174 | (232) | 3,501 | 267 |
| Income taxes | 331 | 251 | 76 | 297 | (554) | 401 | 55 |
| **Net income** | **960** | **647** | **294** | **877** | **322** | **3,100** | **212** |
| Net income attributable to non-controlling interests | 12 | 6 | 5 | 41 | 42 | 106 | 3 |
| Preferred shareholders and other equity instrument holders | 948 | 641 | 289 | 836 | 273 | 2,987 | 209 |
| **Common shareholders** | **960** | **647** | **294** | **877** | **315** | **3,093** | **212** |
| **Diluted EPS (\$)** | **3.21** | | | | | | |
| **Impact of items of note** | | | | | | | |
| Non-interest expenses | (6) | | (4) | | | (10) | (3) |
| Amortization of acquisition-related intangible assets | (6) | | (4) | | | (10) | (3) |
| Impact of items of note on non-interest expenses | | | | | | | |
| **Total pre-tax impact of items of note on net income** | | | | | | | |
| Income taxes | | | | | | | |
| Amortization of acquisition-related intangible assets | 2 | | 1 | | | 3 | 1 |
| Income tax recoveries related to a capital gains distribution and utilization of capital losses | | | | | 422 | 422 | |
| Impact of items of note on income taxes | 2 | | 1 | | 422 | 425 | 1 |
| **Total after-tax impact of items of note on net income** | **4** | | **3** | | **(422)** | **(415)** | **2** |
| **Impact of items of note on diluted EPS (\$)** | | | | | | | **(0.45)** |
| **Operating results – adjusted** | | | | | | | |
| Total revenue – adjusted | 3,295 | 1,923 | 874 | 2,017 | 289 | 8,398 | 630 |
| Provision for credit losses – adjusted | 446 | 84 | 21 | 7 | 10 | 568 | 15 |
| Non-interest expenses – adjusted | 1,552 | 941 | 479 | 836 | 511 | 4,319 | 345 |
| Income (loss) before income taxes – adjusted | 1,297 | 898 | 374 | 1,174 | (232) | 3,511 | 270 |
| Income taxes – adjusted | 333 | 251 | 77 | 297 | (132) | 826 | 56 |
| **Net income (loss) – adjusted** | **964** | **647** | **297** | **877** | **(100)** | **2,685** | **214** |
| Net income attributable to non-controlling interests – adjusted | 7 | 7 | | | | | 3 |
| Preferred shareholders and other equity instrument holders – adjusted | 12 | 6 | 5 | 41 | 42 | 106 | 3 |
| **Common shareholders – adjusted** | **952** | **641** | **292** | **836** | **(149)** | **2,572** | **211** |
| **Net income (loss) attributable to equity shareholders – adjusted** | **964** | **647** | **297** | **877** | **(107)** | **2,678** | **214** |
| **Adjusted diluted EPS (\$)** | | | | | | | **2.76** |

# Reconciliation for Non-GAAP Financial Measures
$\$$ millions, for the three months ended October 31, 2025

| | Canadian Personal and Business Banking | Canadian Commercial Banking and Wealth Management | U.S. Commercial Banking and Wealth Management | Capital Markets | Corporate and Other | CIBC Total | U.S. Commercial Banking and Wealth Management (US\$ millions) |
| :--- | :--- | :--- | :--- | :--- | :--- | :--- | :--- |
| **Operating results – reported** | | | | | | | |
| Total revenue | 3,188 | 1,836 | 810 | 1,523 | 219 | 7,576 | 584 |
| Provision for (reversal of) credit losses | 503 | 52 | (33) | 77 | 6 | 605 | (24) |
| Non-interest expenses | 1,612 | 957 | 500 | 710 | 400 | 4,179 | 360 |
| Income (loss) before income taxes | 1,073 | 827 | 343 | 736 | (187) | 2,792 | 248 |
| Income taxes | 277 | 224 | 68 | 188 | (145) | 612 | 49 |
| **Net income (loss)** | **796** | **603** | **275** | **548** | **(42)** | **2,180** | **199** |
| Net income attributable to non-controlling interests | | | | | 6 | 6 | |
| Preferred shareholders and other equity instrument holders | 796 | 603 | 275 | 548 | | 2,058 | 199 |
| **Common shareholders** | **796** | **603** | **275** | **548** | **(164)** | **2,058** | **199** |
| **Diluted EPS (\$)** | **2.20** | | | | | | |
| **Impact of items of note** | | | | | | | |
| Non-interest expenses | (7) | | | | | (11) | (3) |
| Amortization of acquisition-related intangible assets | (7) | | | | | (11) | (3) |
| **Total pre-tax impact of items of note on net income** | | | | | | | |
| Income taxes | | | | | | | |
| Amortization of acquisition-related intangible assets | 2 | | 1 | | | 3 | 1 |
| Impact of items of note on income taxes | 2 | | 1 | | | 3 | 1 |
| **Total after-tax impact of items of note on net income** | **5** | | **3** | | | **8** | **2** |
| **Impact of items of note on diluted EPS (\$)** | | | | | | | **0.01** |
| **Operating results – adjusted** | | | | | | | |
| Total revenue – adjusted | 3,188 | 1,836 | 810 | 1,523 | 219 | 7,576 | 584 |
| Provision for credit losses – adjusted | 503 | 52 | (33) | 77 | 6 | 605 | (24) |
| Non-interest expenses – adjusted | 1,605 | 957 | 496 | 710 | 400 | 4,168 | 357 |
| Income (loss) before income taxes – adjusted | 1,080 | 827 | 347 | 736 | (187) | 2,803 | 251 |
| Income taxes – adjusted | 279 | 224 | 69 | 188 | (145) | 615 | 50 |
| **Net income (loss) – adjusted** | **801** | **603** | **278** | **548** | **(42)** | **2,188** | **201** |
| Net income attributable to non-controlling interests – adjusted | | | | | 6 | 6 | |
| Preferred shareholders and other equity instrument holders – adjusted | | | | | 116 | 116 | |
| **Common shareholders – adjusted** | **801** | **603** | **278** | **548** | **(164)** | **2,066** | **201** |
| **Net income (loss) attributable to equity shareholders – adjusted** | **801** | **603** | **278** | **548** | **(48)** | **2,182** | **201** |
| **Adjusted diluted EPS (\$)** | | | | | | | **2.21** |

# Reconciliation for Non-GAAP Financial Measures
$\$$ millions, for the three months ended January 31, 2025

| | Canadian Personal and Business Banking | Canadian Commercial Banking and Wealth Management | U.S. Commercial Banking and Wealth Management | Capital Markets | Corporate and Other | CIBC Total | U.S. Commercial Banking and Wealth Management (US\$ millions) |
| :--- | :--- | :--- | :--- | :--- | :--- | :--- | :--- |
| **Operating results – reported** | | | | | | | |
| Total revenue | 2,923 | 1,703 | 847 | 1,574 | 234 | 7,281 | 592 |
| Provision for credit losses | 428 | 39 | 68 | 21 | 17 | 573 | 48 |
| Non-interest expenses | 1,460 | 853 | 470 | 705 | 390 | 3,878 | 329 |
| Income (loss) before income taxes | 1,035 | 811 | 309 | 848 | (173) | 2,830 | 215 |
| Income taxes | 270 | 220 | 53 | 229 | (113) | 659 | 37 |
| **Net income (loss)** | **765** | **591** | **256** | **619** | **(60)** | **2,171** | **178** |
| Net income attributable to non-controlling interests | | | | | 8 | 8 | |
| Preferred shareholders and other equity instrument holders | 765 | 591 | 256 | 619 | | 2,075 | 178 |
| **Common shareholders** | **765** | **591** | **256** | **619** | **(156)** | **2,075** | **178** |
| **Diluted EPS (\$)** | **2.19** | | | | | | |
| **Impact of items of note** | | | | | | | |
| Non-interest expenses | (7) | | (5) | | | (12) | (4) |
| Amortization of acquisition-related intangible assets | (7) | | (5) | | | (12) | (4) |
| **Total pre-tax impact of items of note on net income** | | | | | | | |
| Income taxes | | | | | | | |
| Amortization of acquisition-related intangible assets | 2 | | 2 | | | 4 | 2 |
| Impact of items of note on income taxes | 2 | | 2 | | | 4 | 2 |
| **Total after-tax impact of items of note on net income** | **5** | | **3** | | | **8** | **2** |
| **Impact of items of note on diluted EPS (\$)** | | | | | | | **0.01** |
| **Operating results – adjusted** | | | | | | | |
| Total revenue – adjusted | 2,923 | 1,703 | 847 | 1,574 | 234 | 7,281 | 592 |
| Provision for credit losses – adjusted | 428 | 39 | 68 | 21 | 17 | 573 | 48 |
| Non-interest expenses – adjusted | 1,453 | 853 | 465 | 705 | 390 | 3,866 | 325 |
| Income (loss) before income taxes – adjusted | 1,042 | 811 | 314 | 848 | (173) | 2,842 | 219 |
| Income taxes – adjusted | 272 | 220 | 55 | 229 | (113) | 663 | 39 |
| **Net income (loss) – adjusted** | **770** | **591** | **259** | **619** | **(60)** | **2,179** | **180** |
| Net income attributable to non-controlling interests – adjusted | | | | | 8 | 8 | |
| Preferred shareholders and other equity instrument holders – adjusted | | | | | 88 | 88 | |
| **Common shareholders – adjusted** | **770** | **591** | **259** | **619** | **(156)** | **2,083** | **180** |
| **Net income (loss) attributable to equity shareholders – adjusted** | **770** | **591** | **259** | **619** | **(68)** | **2,171** | **180** |
| **Adjusted diluted EPS (\$)** | | | | | | | **2.20** |

# Reconciliation for Non-GAAP Financial Measures
$\$$ millions, for the three months ended
| | Canadian Personal and Business Banking | Canadian Commercial Banking and Wealth Management | U.S. Commercial Banking and Wealth Management | Capital Markets | Corporate and Other | CIBC Total | U.S. Commercial Banking and Wealth Management (US\$ millions) |
| :--- | :--- | :--- | :--- | :--- | :--- | :--- | :--- |
| **2026** | | | | | | | |
| Jan. 31 | Net income | 960 | 647 | 294 | 877 | 322 | 3,100 | 212 |
| | Add: provision for credit losses | 446 | 84 | 21 | 7 | 10 | 568 | 15 |
| | Add: income taxes | 331 | 251 | 76 | 297 | (554) | 401 | 55 |
| | Pre-provision (reversal), pre-tax earnings (losses) | 1,737 | 982 | 391 | 1,181 | (222) | 4,069 | 282 |
| | Pre-tax impact of items of note | 6 | 4 | 10 | 3 | | | |
| | **Adjusted pre-provision (reversal), pre-tax earnings (losses)** | **$ 1,743** | **$ 982** | **$ 395** | **$ 1,181** | **$ (222)** | **$ 4,079** | **$ 285** |
| **2025** | | | | | | | |
| Oct. 31 | Net income (loss) | 796 | 603 | 275 | 548 | (42) | 2,180 | 199 |
| | Add: provision for (reversal of) credit losses | 503 | 52 | (33) | 77 | 6 | 605 | (24) |
| | Add: income taxes | 277 | 224 | 68 | 188 | (145) | 612 | 49 |
| | Pre-provision (reversal), pre-tax earnings (losses) | 1,576 | 879 | 310 | 813 | (181) | 3,397 | 224 |
| | Pre-tax impact of items of note | 7 | 4 | 11 | 3 | | | |
| | **Adjusted pre-provision (reversal), pre-tax earnings (losses)** | **$ 1,583** | **$ 879** | **$ 314** | **$ 813** | **$ (181)** | **$ 3,408** | **$ 227** |
| **2025** | | | | | | | |
| Jan. 31 | Net income (loss) | 765 | 591 | 256 | 619 | (60) | 2,171 | 178 |
| | Add: provision for credit losses | 428 | 39 | 68 | 21 | 17 | 573 | 48 |
| | Add: income taxes | 270 | 220 | 53 | 229 | (113) | 659 | 37 |
| | Pre-provision (reversal), pre-tax earnings (losses) | 1,463 | 850 | 377 | 869 | (156) | 3,403 | 263 |
| | Pre-tax impact of items of note | 7 | 5 | 12 | 4 | | | |
| | **Adjusted pre-provision (reversal), pre-tax earnings (losses)** | **$ 1,470** | **$ 850** | **$ 382** | **$ 869** | **$ (156)** | **$ 3,415** | **$ 267** |

# Endnotes

### Slide 36 - Canadian Real Estate Secured Personal Lending
1. LTV ratios for residential mortgages are calculated based on weighted average. See page 29 of Q1/26 report to shareholders, available on SEDAR+ at www.sedarplus.com for further details.
2. GVA and GTA definitions based on regional mappings from Teranet.
3. Total mortgages, insured mortgages, and uninsured mortgages include multi-family mortgages while the categories of uninsured mortgages in GVA and GTA exclude multi-family mortgages as of Q3/25. History is restated due to methodology change.

### Slide 37 - Canadian Mortgages Renewal Profile – FY26 and FY27 Outlook
1. Excludes third party mortgages which were not originated by CIBC.
2. Based on average original qualification rate of all cohorts.

### Slide 38 - Commercial Real Estate
1. Excludes accounts with no LTV.
2. Watchlist is classified as loans CCC+ to C by S&P Global Rating Standards.
3. Includes $7.5B in Multi Family that is reported in residential mortgages in the Supplementary Financial Information package.
4. Includes US\$1.0B in loans that are reported in other industries in the Supplementary Financial Information package but are included here because of the nature of the security.
5. Other includes Commercial with CRE Repayment, Land, Student Housing, and Mixed Use.
6. Effective Q3/25, investment grade rating mix is calculated based on borrower ratings, as opposed to facility ratings in the prior quarters.

### Slide 39 - Interest Rate Sensitivity
1. A number of assumptions are used to measure Structural Interest Rate Sensitivity. For additional information, see the "Market risk" non-trading activities section in the Q1/26 Quarterly Report to Shareholders, available on SEDAR+ at www.sedarplus.com.
2. Source: Bloomberg, January 31, 2026

### Slide 41 - Economic Outlook
1. This slide contains forward looking-statements. Refer to Forward Looking Statements on slide 1.
2. Data is real % change, seasonally adjusted annual rate, unless otherwise noted.
3. Source: CIBC Economics. Estimates as of January 15th, 2026.
4. Source: CIBC Economics. Estimates as of February 11th, 2026.
5. Data is end of period.

### Slide 42 - Snapshot of the Canadian economy
1. Percentage may not add up to 100% due to rounding.
2. Source: Statistics Canada. Table 17-10-0009-01 Population estimates, quarterly
3. Source: Statistics Canada. Table 36-10-0104-01 Gross domestic product, expenditure-based, Canada, quarterly (x 1,000,000)
4. Source: Statistics Canada, tables 36-10-0104-01 and 17-10-0009-01
5. Source: Statistics Canada. Table 14-10-0287-01 Labour force characteristics, monthly, seasonally adjusted and trend-cycle, last 5 months
6. Source: Economist Intelligence Unit, 2024 (2024-2028).

### Slide 43 - Canadian economic indicators demonstrate resilience and performance
1. Source: CIBC Economics, 2025 CIBC Annual Report
2. Source: Statistics Canada; U.S. Bureau of Labor Statistics, February 2026. Certain groups of people in Canada are counted as unemployed but are deemed as not participating in the labour force in the U.S. - e.g. job seekers who only looked at job ads, or individuals not able to work due to family responsibilities.
3. Source: Statistics Canada Canadian Economic Tracker Dashboard.

### Slide 44 - Canadian economic indicators demonstrate resilience and performance
1. Source: Statistics Canada. Table 36-10-0402-02; Percentages may not add up to 100% due to rounding
2. Source: IMF, World Economic Outlook Database, October 2025. Source: CIBC Economics. Estimates as of February 12th, 2025.

### Slide 45 - Canadian house price growth has normalized
1. Source: CREA, January 2026.
2. 1 USD = 1.3778 CAD
3. Source: Teranet - National Bank House Price Index.
4. Source: OECD. Household debt ratios across countries can be significantly affected by different institutional arrangements, among which tax regulations regarding tax deductibility of interest payments.
5. Source: Bloomberg, Teranet - National Bank House Price Index, January 2026

### Slide 46 - Mortgage market supported by strong fundamentals
1. Source: UK Finance, CBA, MBA. *Mortgage arrears of 3+ months in Canada and UK or in foreclosure process in the US.
2. Source: Canadian Banker's Association.
3. Source: 2022 Census for France; 2021 Census for Canada, UK; 2022 Census for Germany; 2020 Census for US.
4. Source: Source: United Nations, Department of Economic and Social Affairs, Population Division (2024). World Population Prospects 2024, Online Edition.

### Slide 48 - Capital and Liquidity
1. Average balances are calculated as a weighted average of daily closing balances.
2. RWA and our capital balances and ratios are calculated pursuant to OSFI's CAR Guideline, the leverage ratio is calculated pursuant to OSFI's Leverage Requirements Guideline, LCR, HQLA and NSFR are calculated pursuant to OSFI's LAR Guideline, all of which are based on BCBS standards. For additional information, see the "Capital management" and "Liquidity risk" section in Q1/26 Quarterly Report to Shareholders, available on SEDAR+ at www.sedarplus.com.
3. Normal Course Issuer Bid. Normal Course Issuer Bid. On September 8, 2025, we announced that the Toronto Stock Exchange had accepted the notice of our intention to commence an NCIB. Purchases under this bid will be completed upon the earlier of: (i) CIBC purchasing 20 million common shares; (ii) CIBC providing a notice of termination; or (iii) September 9, 2026. During the quarter, 7,990,500 common shares were purchased and cancelled at an average price of $125.53 for a total amount of $1,003 million. Since the inception of this NCIB, 11,490,500 common shares have been purchased and cancelled for a total amount of $1,396 million.
4. Includes 3bps of common share issuance through equity-settled share-based compensation plans
5. CIBC received OSFI approval to exclude an operational loss event that was recognized in fiscal 2023 from the operational risk capital calculations. This exclusion of an operational loss event from operational risk RWA will be reflected beginning in the second quarter of 2026, which will add in excess of 25 basis points to our CET1 ratio.

### Slide 49 - Funding & Liquidity
1. TLAC is calculated pursuant to OSFI's TLAC Guideline, which is based on BCBS standards. For additional information, see the "Capital Management" section in the Q1/26 Quarterly Report to Shareholders, available on SEDAR+ at www.sedarplus.com.

### Slide 50 - Funding & Liquidity
1. Percentages may not add up to 100% due to rounding.
2. Securitized agency MBS are on balance sheet as per IFRS.
3. Derivatives related assets, are largely offset by derivatives related liabilities. Under IFRS derivative amounts with master netting agreements cannot be offset and the gross derivative assets and liabilities are reported on balance sheet.
4. Includes obligations related to securities sold short, cash collateral on securities lent and obligations related to securities under repurchase agreements.
5. Capital includes subordinated liabilities.

### Slide 51 - Balance Sheet
1. Average balances are calculated as weighted average of daily closing balances. Average interest-earning assets include interest-bearing deposits with banks, interest-bearing demand deposits with Bank of Canada, securities, cash collateral on securities borrowed, securities purchased under resale agreements, loans net of allowances for credit losses, and certain sublease-related assets.
2. The yield for loans and acceptances is calculated as interest income on loans as a percentage of average loans and acceptances, net of allowance for credit losses. The yield on securities is calculated as interest income on securities as a percentage of average securities. Total yield on average interest-earning assets is calculated as interest income on assets as a percentage of average interest-earning assets. These metrics do not have a standardized meaning and may not be comparable to similar measures disclosed by other financial institutions.
3. Other includes balances related to cash and deposits with banks, reverse repos, and other.
4. The yield for Personal-Notice/Demand deposits is calculated as interest expense on Personal-Notice/Demand deposits as a percentage of average Personal-Notice/Demand deposits. The yield for Corporate & Commercial-Notice/Demand deposits is calculated as interest expense on Corporate & Commercial-Notice/Demand deposits as a percentage of average Corporate & Commercial-Notice/Demand deposits. The yield for Term-Client deposits is calculated as interest expense on Term-Client deposits as a percentage of average Term-Client deposits. Term-Client deposits are term deposits less wholesale funding. Total cost on average interest-earning assets is calculated as interest expense on liabilities as a percentage of average interest-earning assets. These metrics do not have a standardized meaning and may not be comparable to similar measures disclosed by other financial institutions.
5. Other includes wholesale funding, sub-debt, repos and other liabilities.

### Slide 56 - Slide 29 - Digital Trend
1. Based on spot balances as at January 31 for the respective periods.
2. Digital Adoption (Penetration) Rate represents the percentage share of Digital Registered Customers who have been engaged on CIBC Online Banking and/or CIBC Mobile Banking at least once in the last 90 calendar days out of all Canadian Personal Banking customers engaged across any channel.
3. Active Digital Users represent the 90-day active clients in Canadian Personal Banking.
4. Reflects financial transactions only.
5. Other includes transfers and eDeposits.
6. Reflects applications initiated in a digital channel, and core retail (acquisition) sales units only, which cover Deposits, Cards and Lending (excluding auto loans).

### Slide 56 - Slide 30 - Canadian Commercial Banking & Wealth Management
1. Adjusted results are non-GAAP measures. see slide 61 for further details.
2. Pre-provision, pre-tax earnings is revenue net of non-interest expenses and is a non-GAAP measure. see slide 61 for further details.
3. Comprises loans and acceptances and notional amount of letters of credit. Loan amounts are stated before any related allowances.
4. Commercial Banking only. Average balances are calculated as a weighted average of daily closing balances.
5. Assets under management (AUM) are included in assets under administration (AUA).
6. For additional information on the composition, see the "Glossary" section in the Q1/26 Quarterly Report to Shareholders, available on SEDAR+ at www.sedarplus.com.

### Slide 57 - Slide 31 - Canadian Personal & Commercial Banking
1. Includes the results of Canadian Personal and Business Banking and Canadian Commercial Banking. Amounts have been restated from those previously presented to exclude Investor's Edge. See "External reporting changes" for additional details in the Q1/26 Quarterly Report to Shareholders, available on SEDAR+ at www.sedarplus.com.
2. Adjusted results are non-GAAP measures. see slide 61 for further details.
3. Certain additional disclosures for net interest margin on average interest-earning assets (NIM) have been incorporated by reference and can be found in the Glossary section in the Q1/26 Quarterly Report to Shareholders, available on SEDAR+ at www.sedarplus.com.
4. Gross inflow spread (excluding open) represents the client rate less cost of funds. We show gross inflow spreads excluding open as open mortgages tend to be for clients that have reached end of term and not arranged for a more permanent renewal, are outstanding for a short period of time, have much higher rates and hence, spreads than the rest of the portfolio originations.
5. Average balances are calculated as a weighted average of daily closing balances.
6. Average loans and acceptances, before any related allowances.

### Slide 57 - Slide 32 - U.S. Commercial Banking & Wealth Management:
1. Adjusted results are non-GAAP measures. see slide 61 for further details.
2. Pre-provision, pre-tax earnings is revenue net of non-interest expenses and is a non-GAAP measure. see slide 61 for further details.
3. Comprises loans and acceptances and notional amount of letters of credit. Loan amounts are stated before any related allowances.
4. Average balances are calculated as a weighted average of daily closing balances.
5. Assets under management (AUM) are included in assets under administration (AUA). Includes certain Canadian Commercial Banking and Wealth Management assets that U.S. Commercial Banking and Wealth Management provides sub-advisory services for.
6. For additional information on the composition, see the "Glossary" section in the Q1/26 Quarterly Report to Shareholders, available on SEDAR+ at www.sedarplus.com.

### Slide 57 - Slide 33 - Capital Markets
1. Adjusted results are non-GAAP measures. see slide 61 for further details.
2. Pre-provision, pre-tax earnings is revenue net of non-interest expenses and is a non-GAAP measure. see slide 61 for further details.
3. Loan amounts are before any related allowances.
4. Average balances are calculated as a weighted average of daily closing balances.
6. Effective Q1/26, our foreign exchange and payments business, previously reported within Global markets, has been realigned to Corporate and investment banking. Prior period amounts have been restated.

### Slide 58 - Slide 43 - Canadian economic indicators demonstrate resilience and performance
1. Source: CIBC Economics, 2025 CIBC Annual Report
2. Source: Statistics Canada; U.S. Bureau of Labor Statistics, February 2026. Certain groups of people in Canada are counted as unemployed but are deemed as not participating in the labour force in the U.S. - e.g. job seekers who only looked at job ads, or individuals not able to work due to family responsibilities.
3. Source: Statistics Canada Canadian Economic Tracker Dashboard.

### Slide 58 - Slide 44 - Canadian economic indicators demonstrate resilience and performance
1. Source: Statistics Canada. Table 36-10-0402-02; Percentages may not add up to 100% due to rounding
2. Source: IMF, World Economic Outlook Database, October 2025. Source: CIBC Economics. Estimates as of February 12th, 2025.

### Slide 58 - Slide 45 - Canadian house price growth has normalized
1. Source: CREA, January 2026.
2. 1 USD = 1.3778 CAD
3. Source: Teranet - National Bank House Price Index.
4. Source: OECD. Household debt ratios across countries can be significantly affected by different institutional arrangements, among which tax regulations regarding tax deductibility of interest payments.
5. Source: Bloomberg, Teranet - National Bank House Price Index, January 2026

### Slide 58 - Slide 46 - Mortgage market supported by strong fundamentals
1. Source: UK Finance, CBA, MBA. *Mortgage arrears of 3+ months in Canada and UK or in foreclosure process in the US.
2. Source: Canadian Banker's Association.
3. Source: 2022 Census for France; 2021 Census for Canada, UK; 2022 Census for Germany; 2020 Census for US.
4. Source: Source: United Nations, Department of Economic and Social Affairs, Population Division (2024). World Population Prospects 2024, Online Edition.

### Slide 58 - Slide 48 - Capital and Liquidity
1. Average balances are calculated as a weighted average of daily closing balances.
2. RWA and our capital balances and ratios are calculated pursuant to OSFI's CAR Guideline, the leverage ratio is calculated pursuant to OSFI's Leverage Requirements Guideline, LCR, HQLA and NSFR are calculated pursuant to OSFI's LAR Guideline, all of which are based on BCBS standards. For additional information, see the "Capital management" and "Liquidity risk" section in Q1/26 Quarterly Report to Shareholders, available on SEDAR+ at www.sedarplus.com.
3. Normal Course Issuer Bid. Normal Course Issuer Bid. On September 8, 2025, we announced that the Toronto Stock Exchange had accepted the notice of our intention to commence an NCIB. Purchases under this bid will be completed upon the earlier of: (i) CIBC purchasing 20 million common shares; (ii) CIBC providing a notice of termination; or (iii) September 9, 2026. During the quarter, 7,990,500 common shares were purchased and cancelled at an average price of $125.53 for a total amount of $1,003 million. Since the inception of this NCIB, 11,490,500 common shares have been purchased and cancelled for a total amount of $1,396 million.
4. Includes 3bps of common share issuance through equity-settled share-based compensation plans
5. CIBC received OSFI approval to exclude an operational loss event that was recognized in fiscal 2023 from the operational risk capital calculations. This exclusion of an operational loss event from operational risk RWA will be reflected beginning in the second quarter of 2026, which will add in excess of 25 basis points to our CET1 ratio.

### Slide 59 - Slide 49 - Funding & Liquidity
1. TLAC is calculated pursuant to OSFI's TLAC Guideline, which is based on BCBS standards. For additional information, see the "Capital Management" section in the Q1/26 Quarterly Report to Shareholders, available on SEDAR+ at www.sedarplus.com.

### Slide 60 - Slide 50 - Funding & Liquidity
1. Percentages may not add up to 100% due to rounding.
2. Securitized agency MBS are on balance sheet as per IFRS.
3. Derivatives related assets, are largely offset by derivatives related liabilities. Under IFRS derivative amounts with master netting agreements cannot be offset and the gross derivative assets and liabilities are reported on balance sheet.
4. Includes obligations related to securities sold short, cash collateral on securities lent and obligations related to securities under repurchase agreements.
5. Capital includes subordinated liabilities.

### Slide 60 - Slide 51 - Balance Sheet
1. Average balances are calculated as weighted average of daily closing balances. Average interest-earning assets include interest-bearing deposits with banks, interest-bearing demand deposits with Bank of Canada, securities, cash collateral on securities borrowed, securities purchased under resale agreements, loans net of allowances for credit losses, and certain sublease-related assets.
2. The yield for loans and acceptances is calculated as interest income on loans as a percentage of average loans and acceptances, net of allowance for credit losses. The yield on securities is calculated as interest income on securities as a percentage of average securities. Total yield on average interest-earning assets is calculated as interest income on assets as a percentage of average interest-earning assets. These metrics do not have a standardized meaning and may not be comparable to similar measures disclosed by other financial institutions.
3. Other includes balances related to cash and deposits with banks, reverse repos, and other.
4. The yield for Personal-Notice/Demand deposits is calculated as interest expense on Personal-Notice/Demand deposits as a percentage of average Personal-Notice/Demand deposits. The yield for Corporate & Commercial-Notice/Demand deposits is calculated as interest expense on Corporate & Commercial-Notice/Demand deposits as a percentage of average Corporate & Commercial-Notice/Demand deposits. The yield for Term-Client deposits is calculated as interest expense on Term-Client deposits as a percentage of average Term-Client deposits. Term-Client deposits are term deposits less wholesale funding. Total cost on average interest-earning assets is calculated as interest expense on liabilities as a percentage of average interest-earning assets. These metrics do not have a standardized meaning and may not be comparable to similar measures disclosed by other financial institutions.
5. Other includes wholesale funding, sub-debt, repos and other liabilities.