Canadian Imperial Bank Of Commerce 6-K, filed Feb 26, 2026

About this 6-K

Canadian Imperial Bank Of Commerce (CM)

6-K 2026-02-26 For: 2026-02-26

View Original

Added on July 04, 2026

CANADIAN IMPERIAL BANK OF COMMERCE

Date: February 26, 2026

/s/ Allison Mudge

Allison Mudge

Senior Vice-President

Canadian Imperial Bank Of Commerce filed this 6-K on February 26, 2026.

Search and read filings like this one from Claude or ChatGPT with the SEC filings MCP server →


	Q1/26	Q1/25	Q4/25	YoY Variance	QoQ Variance
Revenue	$8,398 million	$7,281 million	$7,576 million	+15%	+11%
Reported Net Income	$3,100 million	$2,171 million	$2,180 million	+43%	+42%
Adjusted Net Income ⁽¹⁾	$2,685 million	$2,179 million	$2,188 million	+23%	+23%
Adjusted pre-provision, pre-tax earnings ⁽¹⁾	$4,079 million	$3,415 million	$3,408 million	+19%	+20%
Reported Diluted Earnings Per Share (EPS)	$3.21	$2.19	$2.20	+47%	+46%
Adjusted Diluted EPS ⁽¹⁾	$2.76	$2.20	$2.21	+25%	+25%
Reported Return on Common Shareholders’ Equity (ROE) ⁽²⁾	20.2%	15.2%	14.1%
Adjusted ROE ⁽¹⁾	17.4%	15.3%	14.1%
Net interest margin on average interest-earnings assets ⁽²⁾⁽³⁾	1.61%	1.50%	1.59%
Net interest margin on average interest-earnings assets (excluding trading) ⁽²⁾⁽³⁾	2.06%	1.89%	2.00%
Common Equity Tier 1 (CET1) Ratio ⁽⁴⁾	13.4%	13.5%	13.3%


$ 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			-				-			-			-			7			7				-
Preferred shareholders and other equity instrument holders			12				6			5			41			42			106				3
Common shareholders			948				641			289			836			273			2,987				209
Net income attributable to equity shareholders			960				647			294			877			315			3,093				212
Diluted EPS ($)																		$	3.21
Impact of items of note⁽¹⁾
Non-interest expenses
Amortization of acquisition-related intangible assets		$	(6	)		$	-		$	(4	)	$	-		$	-		$	(10	)		$	(3	)
Impact of items of note on non-interest expenses			(6	)			-			(4	)		-			-			(10	)			(3	)
Total pre-tax impact of items of note on net income			6				-			4			-			-			10				3
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 ($)⁽²⁾																		$	(0.45	)
Operating results – adjusted⁽³⁾
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				-
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


$ 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			-				-			-			-		116			116				-
Common shareholders			796				603			275			548		(164	)		2,058				199
Net income (loss) attributable to equity shareholders			796				603			275			548		(48	)		2,174				199
Diluted EPS ($)																	$	2.20
Impact of items of note⁽¹⁾
Non-interest expenses
Amortization of acquisition-related intangible assets		$	(7	)		$	-		$	(4	)	$	-	$	-		$	(11	)		$	(3	)
Impact of items of note on non-interest expenses			(7	)			-			(4	)		-		-			(11	)			(3	)
Total pre-tax impact of items of note on net income			7				-			4			-		-			11				3
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 ($)⁽²⁾																	$	0.01
Operating results – adjusted⁽³⁾
Total revenue – adjusted		$	3,188			$	1,836		$	810		$	1,523	$	219		$	7,576			$	584
Provision for (reversal of) 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


$ 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	—				—		—		—	88			88				—
Common shareholders	765				591		256		619	(156	)		2,075				178
Net income (loss) attributable to equity shareholders	765				591		256		619	(68	)		2,163				178
Diluted EPS ($)												$	2.19
Impact of items of note⁽¹⁾
Non-interest expenses
Amortization of acquisition-related intangible assets	$ (7)			$	—		$ (5)		$—	$ —		$	(12	)		$	(4	)
Impact of items of note on non-interest expenses	(7	)			—		(5	)	—	—			(12	)			(4	)
Total pre-tax impact of items of note on net income	7				—		5		—	—			12				4
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 ($)⁽²⁾												$	0.01
Operating results – adjusted⁽³⁾
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


For the month of February, 2026		Commission File Number: 1-14678


$ 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	Net income		$ 960		$ 647		$ 294		$	877	$	322		$	3,100		$	212
Jan. 31	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⁾		1,737		982		391			1,181		(222	)		4,069			282
	Pre-tax impact of items of note⁽²⁾		6		—		4			—		—			10			3
	Adjusted pre-provision (reversal), pre-tax earnings (losses)⁽³⁾		$ 1,743		$ 982		$ 395		$	1,181	$	(222	)	$	4,079		$	285
2025	Net income (loss)		$ 796		$ 603		$ 275		$	548	$	(42	)	$	2,180		$	199
Oct. 31	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⁾		1,576		879		310			813		(181	)		3,397			224
	Pre-tax impact of items of note⁽²⁾		7		—		4			—		—			11			3
	Adjusted pre-provision (reversal), pre-tax earnings (losses)⁽³⁾		$ 1,583		$ 879		$ 314		$	813	$	(181	)	$	3,408		$	227
2025	Net income (loss)		$ 765		$ 591		$ 256		$	619	$	(60	)	$	2,171		$	178
Jan. 31	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⁾		1,463		850		377			869		(156	)		3,403			263
	Pre-tax impact of items of note⁽²⁾		7		—		5			—		—			12			4
	Adjusted pre-provision (reversal), pre-tax earnings (losses)⁽³⁾		$ 1,470		$ 850		$ 382		$	869	$	(156	)	$	3,415		$	267


Geoff Weiss, Senior Vice-President		416-980-5093		geoffrey.weiss@cibc.com


Erica Belling	416-594-7251	erica.belling@cibc.com
Tom Wallis	416-980-4048	tom.wallis@cibc.com