CIBC Announces Second Quarter 2026 Results

TORONTO, May 28, 2026 /CNW/ - CIBC (TSX: CM ) (NYSE: CM ) today announced its financial results for the second quarter ended April 30, 2026. Second quarter highlights Q2/26 Q2/25 Q1/26 YoY Variance QoQ Variance Revenue $8,006 million $7,022 million $8,398 million +14 % -5 % Reported Net Income $2,465 million $2,007 million $3,100 million +23 % -20 % Adjusted Net Income (1) $2,471 million $2,016 million $2,685 million +23 % -8 % Adjusted pre-provision, pre-tax earnings (1) $3,815 million $3,214 million $4,079 million +19 % -6 % Reported Diluted Earnings Per Share (EPS) $2.53 $2.04 $3.21 +24 % -21 % Adjusted Diluted EPS (1) $2.54 $2.05 $2.76 +24 % -8 % Reported Return on Common Shareholders' Equity (ROE) (2) 16.4 % 13.8 % 20.2 % Adjusted ROE (1) 16.4 % 13.9 % 17.4 % Net interest margin on average interest-earnings assets (2)(3) 1.67 % 1.54 % 1.61 % Net interest margin on average interest-earnings assets (excluding trading) (2)(3) 2.05 % 1.88 % 2.06 % Common Equity Tier 1 (CET1) Ratio (4) 13.6 % 13.4 % 13.4 % Results for the second quarter of 2026 were affected by the following item of note resulting in a negative impact of $0.01 per share: $8 million ($6 million after-tax) amortization of acquisition-related intangible assets. Our CET1 ratio (4) was 13.6% at April 30, 2026, compared with 13.4% at the end of the prior quarter. CIBC's leverage ratio (4) and liquidity coverage ratio (4) at April 30, 2026 were 4.3% and 131%, respectively. "In the second quarter of 2026, we delivered strong financial results through the disciplined execution of our client-focused strategy, including double-digit growth in net income and a higher return on equity compared to a year ago, driven by robust results across all of our business units," said Harry Culham, CIBC President and Chief Executive Officer. "Our team is delivering for our clients every day as we accelerate the execution of ou