CIBC's adjusted earnings per share rose 26% to C$2.73 in the third quarter, with revenue up 15% to C$8 billion.
Canadian Imperial Bank of Commerce (CIBC) announced its third-quarter fiscal year 2026 results, with adjusted earnings per share (EPS) increasing by 26% year-over-year to C$2.73. Adjusted net income reached C$2.6 billion, and revenue grew by 15% to C$8.0 billion. The bank has achieved positive operating leverage for 12 consecutive quarters. Performance was strong across all segments, including Canadian and U.S. banking, wealth management, and capital markets, with an adjusted return on equity improving to 16.8%. Management maintains a cautious stance on credit and the macroeconomic outlook. Despite increased provisions for credit losses due to trade tensions and geopolitical risks, CIBC stated that its portfolio remains resilient and expects the non-performing loan ratio to stay near current levels by the fiscal year-end.
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