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CM

Canadian Imperial Bank of Commerce

CM

Canadian Imperial Bank of Commerce • NYSE
$86.13 ▲ 0.53% (+0.45)
Market Cap $80.06 B
52w High $87.37
52w Low $53.62
Dividend Yield 2.77%
P/E 14.6
Volume 325.16K
Outstanding Shares 929.57M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $15.266B ▲ $3.947B ▲ $2.094B ▲ 13.717% ▲ $2.16 ▲ $3.006B ▲
Q2-2025 $15.057B ▼ $3.783B ▼ $1.998B ▼ 13.27% ▼ $2.05 ▼ $2.879B ▼
Q1-2025 $16.17B ▼ $3.849B ▲ $2.163B ▲ 13.377% ▲ $2.2 ▲ $3.116B ▲
Q4-2024 $16.196B ▼ $3.772B ▲ $1.874B ▲ 11.571% ▲ $1.92 ▲ $2.696B ▼
Q3-2024 $16.499B $3.662B $1.786B 10.825% $1.83 $2.756B

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $139.28B ▲ $1.102T ▲ $1.039T ▲ $62.599B ▲
Q2-2025 $132.617B ▲ $1.09T ▲ $1.028T ▲ $61.666B ▲
Q1-2025 $127.572B ▲ $1.082T ▲ $1.021T ▲ $61.342B ▲
Q4-2024 $93.252B ▼ $1.042T ▲ $982.978B ▲ $58.735B ▲
Q3-2024 $125.101B $1.021T $963.624B $57.529B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $2.096B ▲ $5.861B ▲ $1.041B ▲ $-1.84B ▼ $5.09B ▲ $5.579B ▲
Q2-2025 $2.007B ▼ $914M ▼ $-592M ▲ $280M ▲ $481M ▼ $668M ▼
Q1-2025 $2.171B ▲ $11.355B ▲ $-5.506B ▼ $-997M ▲ $4.965B ▲ $11.162B ▲
Q4-2024 $1.882B ▲ $-843M ▼ $-1.063B ▲ $-1.247B ▲ $-3.119B ▼ $-1.236B ▼
Q3-2024 $1.786B $12.289B $-9.343B $-1.573B $1.385B $12.014B

Five-Year Company Overview

Income Statement

Income Statement CIBC’s income statement shows a bank that has grown its overall revenue meaningfully over the past few years while keeping profitability intact. Earnings have moved upward over time, despite some year‑to‑year bumps, which is normal for a large bank exposed to credit cycles and market conditions. Core profitability (after operating costs and provisions) remains solid, suggesting the bank is managing expenses reasonably well while still investing in growth. There was a period of softer profit compared with earlier peaks, but the latest year points to improvement, with earnings recovering and efficiency trending better. Overall, the story is one of a large, mature bank that continues to grow its top line, maintains healthy bottom‑line profit, and appears to be managing through credit and interest‑rate swings without major hits to its earnings power.

Balance Sheet

Balance Sheet CIBC’s balance sheet is what you would expect from a major Canadian bank: very large, diversified, and steadily expanding. Total assets have grown each year, reflecting an expanding loan book and broader client activity. Equity has also been building, which is important because it shows that the bank is retaining capital to support future growth and absorb potential shocks. Debt and other funding have risen as the bank has grown, but not in a way that looks out of line for a large financial institution. Cash and liquid resources are somewhat lower than a few years ago but still substantial; banks constantly optimize liquidity as rate and funding conditions change. In plain terms, the balance sheet looks like that of a growing, systemically important bank: larger each year, with a thicker capital cushion, and leverage that appears consistent with regulatory expectations for a major Canadian lender.

Cash Flow

Cash Flow Cash flow for a bank can be noisy, and CIBC is no exception. There was a year of negative operating cash flow earlier in the period, but the more recent years show strong, positive cash generation from core banking activities. Capital spending is modest relative to the size of the institution, reflecting that most investment is in technology, people, and systems rather than heavy physical assets. Free cash flow has been consistently positive in the last few years, suggesting that after funding its internal investments, the bank still has room to support the balance sheet, dividends, and other capital priorities. The pattern fits a mature, cash‑generative financial institution: some volatility in individual years, but an underlying ability to produce substantial cash from operations over time.

Competitive Edge

Competitive Edge Competitively, CIBC stands on a strong foundation as one of Canada’s major banks, with a large customer base and a well‑known brand. Its business is diversified across personal banking, commercial banking, wealth management, and capital markets, and it operates on both sides of the Canada–U.S. border. This mix gives it multiple earnings streams and helps soften the impact when one area faces pressure. The bank’s explicit focus on client relationships and advice, backed by a strong digital offering, is central to its positioning. Simplii Financial, its digital‑only brand, allows CIBC to serve price‑sensitive and tech‑savvy clients without diluting its core brand, which is a meaningful strategic advantage in the Canadian market. Risks on the competitive front include intense rivalry among Canada’s large banks, pressure from fintechs and digital‑only players, and the need to keep up with rapid technology change. Still, CIBC’s scale, brand, and diversified business lines provide a solid competitive base.

Innovation and R&D

Innovation and R&D CIBC is leaning heavily into digital innovation and data to differentiate itself. Its mobile app and online platforms are central to this effort, with features like AI‑driven spending insights, digital financial planning tools, and easy account opening. These tools aim to make banking more personalized and proactive, not just transactional. Behind the scenes, the move to cloud infrastructure and the build‑out of data and AI capabilities signal a long‑term commitment to technology as a core competency, not just an add‑on. Hiring specialized data and AI talent should help CIBC refine risk models, personalize offers, and improve fraud detection over time. Product innovation is also evident in cross‑border banking solutions, a digital‑only brand (Simplii), and differentiated rewards and credit card partnerships. The main execution risks are the complexity of large tech programs, cybersecurity threats, and the need to integrate U.S. expansion and digital upgrades smoothly without disrupting clients.

Summary

CIBC’s recent financial profile is that of a large, established bank that continues to grow while modernizing its business. Revenue and earnings have generally trended upward, with typical banking‑sector volatility but no clear signs of structural weakness in profitability. The balance sheet has expanded in a controlled way, with capital building alongside asset growth, which is important for resilience. Cash generation from operations is strong in recent years, and investment needs are manageable given the bank’s size. Strategically, CIBC combines the advantages of a top‑tier Canadian bank—scale, brand, and diversified business lines—with an active push into digital, data, and client‑centric services. Its digital‑only Simplii brand and cross‑border capabilities offer additional levers for growth. Key uncertainties center on the usual banking risks: credit quality in a changing rate environment, competitive pressure from both large peers and fintechs, the success of U.S. expansion, and the execution of complex technology programs. Overall, CIBC appears to be using its strong core franchise to fund a transition toward a more digital, data‑driven, relationship‑focused bank.