CIBC (TSX: CM) reported Q3 2025 revenue of $7.25 billion, up 10% year over year from $7.02 billion.
Non-interest expenses were $3.98 billion, up from $3.68 billion, reflecting higher technology and compensation spend. Provision for credit losses was $559 million, up from $483 million, with higher impaired provisions in Canadian Personal and Business Banking and US Commercial Banking and Wealth Management. This is still lower than the analyst forecast of $578 million.
Net income rose 17% to $2.10 billion from $1.80 billion last year. This translates to $2.15 earnings per diluted share, up 18%.
On an adjusted basis, net income was $2.10 billion, up 11%, and adjusted diluted EPS was $2.16, up 12% and beating the $2.00 consensus.
Net interest margin on average interest-earning assets improved to 1.58% from 1.50% a year ago. Excluding trading, NIM rose to 1.94% from 1.84%.
Canadian Personal and Business Banking net income was $812 million, up 17% and beating the estimate $754 million. Canadian Commercial Banking and Wealth Management earned $598 million, up 19%, while US Commercial Banking and Wealth Management delivered $254 million, up 17%.
Capital Markets net income rose 87% to $540 million, while Corporate and Other posted a wider $108 million loss.
CET1 was 13.4%, up 13.3%. Reported ROE increased to 14.2% from 13.2% a year ago, while adjusted ROE was 14.2% versus 14.0%.
The board declared a $0.97 per share dividend, payable on October 28, 2025.
CIBC last traded at $75.28 on the TSX.
Information for this briefing was found via Sedar and the sources mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.
