Canadian Imperial Bank of Commerce (TSX:CM)

TSX:CM Income Statement

Financials in millions CAD. Fiscal year is November - October.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jan 31, 2025	Oct 31, 2024	Oct 31, 2023	Oct 31, 2022	Oct 31, 2021	Oct 31, 2020
Interest Income on Loans	33,940	33,925	30,235	16,874	12,150	13,863
Interest Income on Investments	18,230	18,260	14,784	5,305	2,591	3,659
Total Interest Income	52,170	52,185	45,019	22,179	14,741	17,522
Interest Paid on Deposits	29,671	30,476	26,633	7,887	2,651	5,326
Interest Paid on Borrowings	8,252	8,014	5,561	1,651	631	1,152
Total Interest Expense	37,923	38,490	32,194	9,538	3,282	6,478
Net Interest Income	14,247	13,695	12,825	12,641	11,459	11,044
Net Interest Income Growth (YoY)	10.71%	6.78%	1.46%	10.32%	3.76%	4.67%
Trust Income	2,075	1,980	1,768	1,760	1,621	1,382
Gain (Loss) on Sale of Assets	-	-	-	-	-	-4
Gain (Loss) on Sale of Investments	357	43	83	35	90	9
Gain (Loss) on Sale of Equity Investments	89	79	30	47	55	79
Other Non-Interest Income	8,925	8,851	7,702	6,470	5,993	5,450
Total Non-Interest Income	12,419	11,911	10,507	9,192	8,556	7,697
Non-Interest Income Growth (YoY)	15.47%	13.36%	14.31%	7.43%	11.16%	-4.50%
Revenues Before Loan Losses	26,666	25,606	23,332	21,833	20,015	18,741
Provision for Loan Losses	1,989	2,001	2,010	1,057	158	2,489
Revenue	24,677	23,605	21,322	20,776	19,857	16,252
Revenue Growth (YoY)	15.72%	10.71%	2.63%	4.63%	22.18%	-6.19%
Salaries and Employee Benefits	6,996	6,669	7,205	6,736	5,375	5,483
Selling, General & Administrative	6,197	6,104	4,550	4,532	4,744	3,988
Other Non-Interest Expense	1,607	1,614	1,534	1,355	1,130	1,101
Total Non-Interest Expense	14,814	14,401	13,288	12,619	11,263	10,572
EBT Excluding Unusual Items	9,863	9,204	8,034	8,157	8,594	5,680
Legal Settlements	-38	-38	-1,063	-146	-163	-89
Other Unusual Items	-	-	2	-1	-	-
Pretax Income	9,825	9,166	6,973	7,973	8,322	4,890
Income Tax Expense	2,228	2,012	1,934	1,730	1,876	1,098
Earnings From Continuing Operations	7,597	7,154	5,039	6,243	6,446	3,792
Minority Interest in Earnings	-35	-39	-38	-23	-17	-2
Net Income	7,562	7,115	5,001	6,220	6,429	3,790
Preferred Dividends & Other Adjustments	284	263	267	171	158	122
Net Income to Common	7,278	6,852	4,734	6,049	6,271	3,668
Net Income Growth	20.17%	42.27%	-19.60%	-3.25%	69.63%	-25.63%
Basic Shares Outstanding	942	939	916	903	898	891
Diluted Shares Outstanding	945	942	916	906	900	892
Shares Change (YoY)	2.50%	2.78%	1.16%	0.59%	0.93%	0.13%
EPS (Basic)	7.73	7.29	5.17	6.70	6.98	4.12
EPS (Diluted)	7.70	7.28	5.17	6.68	6.96	4.11
EPS Growth	17.72%	40.81%	-22.60%	-4.02%	69.34%	-26.54%
Dividend Per Share	3.670	3.600	3.440	3.270	2.920	2.910
Dividend Growth	5.16%	4.65%	5.20%	11.99%	0.34%	3.93%
Effective Tax Rate	22.68%	21.95%	27.74%	21.70%	22.54%	22.45%

Source: S&P Capital IQ. Banks template. Financial Sources.