Canadian Imperial Bank Of Commerce · TSX:CM
Canadian Imperial Bank Of Commerce — Debt Investor Presentation (May 2026)
73 slides from Canadian Imperial Bank Of Commerce's debt investor presentation, May 2026
Slide 1: Investor Presentation
Investor Presentation September May 2026 May 2026 2026 All amounts are in Canadian dollars unless otherwise indicated.
Slide 2: Disclaimer
Disclaimer The material that follows is a presentation (the "Presentation") of general background information about Canadian Imperial Bank of Commerce ("CIBC") and its covered bond Program (the "Program") as of the date of this document. It is information in summary form and does not purport to be c
Slide 3: Disclaimer (continued)
Disclaimer (continued) The Securities and the Covered Bond Guarantee (as described herein) have not been and will not be registered under the Securities Act and may not be offered or sold within the United States or to or for the account or benefit of U.S. persons (as defined in Regulation S) except
Slide 4: Disclaimer (continued)
Disclaimer (continued) The Guarantor is not a bank nor an authorised deposit taking institution authorised to carry on banking business under the Australian Banking Act and it is not supervised by the Australian Prudential Regulation Authority. The Guarantor is not registered as a foreign company or
Slide 5: Forward-Looking Statements
Forward-Looking Statements A NOTE ABOUT FORWARD-LOOKING STATEMENTS: From time to time, we make written or oral forward-looking statements within the meaning of certain securities laws, including in this presentation, in other filings with Canadian securities regulators or the SEC and in other commun
Slide 6: Table of Contents
Table of Contents 1 CIBC Overview - 6 2 CIBC Credit Portfolio and Performance - 16 3 Canadian Economy - 25 4 Debt Programs Overview – 31 5 Appendix - 39 First Quarter, 2024 5
Slide 7: CIBC Overview
CIBC Overview CIBC®
Slide 8: A leading, well-diversified North American Financial Institution
A leading, well-diversified North American Financial Institution Annualized Solid Total ROE and Shareholder Capital Strength Return6 1867 vs. Big 6 Canadian Banks FOUNDED #1 #1 #1 #2 16.5% 16.2% (2.5)% 4.2% 13.4% 73% 69% 15MM Reported Adjusted2 Reported Adjusted2 48% 34% 24% 21% CLIENTS 18% 17% 52K
Slide 9: We are committed to creating enduring value for all our stakeholders
We are committed to creating enduring value for all our stakeholders “Over our bank’s 158-year history, we’ve helped our clients to realize their ambitions and helped businesses to grow, while also investing in the long-term strength and sustainability of the economies where we operate and the commu
Slide 10: Why invest in CIBC?
Why invest in CIBC? Experienced, Proven, relationship- Clear competitive Track record of strong, Capital strength and collaborative focused strategy advantages consistent execution risk discipline leadership team • Seasoned leadership team, • Growing our mass affluent • Differentiated client • Conti
Slide 11: Q3/26 Overview
Q3/26 Overview Broad-Based Revenue Growth FI NAN CIAL RE SU LTS Net Interest Income Adjusted Non-Interest Trading Cdn. Personal & Revenue8 ($B) Corp. & ex. Trading ($B) Income ex. Trading1 ($B) Diluted EPS ROE3 Other Business Bkg. +9% YoY +14% +13% +40% 15.2% U.S. Comm. Bkg. $2.73 $2.47 16.8% +15% 4
Slide 12: Medium-Term Objectives
Medium-Term Objectives Fiscal 2025 Medium-Term Objectives1,2 3-Year 5-Year Reported: 9% Reported: 16% Diluted EPS Growth of 7% - 10% (CAGR3) Adjusted1: 7% Adjusted1: 12% Reported: 12.7% Reported: 13.6% Return on Equity of 15%+4 (Average) Adjusted1: 13.8% Adjusted1: 14.6% Reported5: 2.6% Reported5: 2
Slide 13: Capital Deployment Strategy
Capital Deployment Strategy CAPITAL DEPLOYMENT Organic Growth F20 – F26YTD1,5 • Remains our top priority • Strong marginal ROEs $14B 2 • Minimizes unproductive goodwill (30%) Dividend Payout • 40-50% target payout ratio4 • Maintained or increased dividend every quarter $21B since inception (45%) Sha
Slide 14: Delivering value for shareholders by driving sustainable growth and profitability
Delivering value for shareholders by driving sustainable growth and profitability1 Revenue3 ($B) Efficiency Ratio3 (%) -1.5% 32.4 +12% CAGR 55.8 55.8 54.3 29.1 52.8 25.6 23.4 Reported 23.3 25.6 29.1 32.3 Reported 61.5 56.4 54.4 53.8 2023 2024 2025 LTM 2023 2024 2025 LTM Diluted EPS2,3 ($) Return on
Slide 15: Underpinned by our balance sheet strength and prudent risk management
Underpinned by our balance sheet strength and prudent risk management CET1 Ratio1 Total Allowance Coverage Ratio2 +0.9% 13.3% 13.3% 13.4% +0.04% 0.80% 0.81% 0.76% 0.73% 12.4% 2023 2024 2025 Q3/26 2023 2024 2025 Q3/26 Liquidity Coverage Ratio1 Impaired PCL Ratio3 (bps) -3% +3 bps 40 135% 132% 129% 12
Slide 16: Capital and Liquidity
Capital and Liquidity $B Q3/25 Q2/26 Q3/26 Capital Position Average Loans and Acceptances1 576.3 597.8 608.6 • CET1 ratio of 13.4%, down 19 bps from prior quarter 1 Average Deposits 794.4 829.4 853.7 • Bought back 7.5MM shares in the quarter CET1 Capital 2 46.6 48.7 49.5 • Strong net internal capita
Slide 17: CIBC Credit Portfolio and Performance
CIBC Credit Portfolio and Performance 16
Slide 18: Loan Portfolio is Highly Diversified
Loan Portfolio is Highly Diversified Q3/26 Overall Loan Mix (Net • Exposure most sensitive to tariffs represents less than 1% of our total bank loans Outstanding Loans and Acceptances) 47% Consumer 59% Real Estate Business & Spotlight: Private Credit Exposure Secured Lending Government 41% • Lending
Slide 19: Provision for Credit Losses (PCL)
Provision for Credit Losses (PCL) Provision for Credit Losses lower QoQ ($MM) Q3/25 Q2/26 Q3/26 • Impaired provision was up in Q3/26 due to higher provisions in Canadian Cdn. Personal & Business Banking 444 474 427 Commercial Banking & Wealth Management and Capital Markets Impaired 361 397 394 • Our
Slide 20: Credit Performance – Gross Impaired Loans
Credit Performance – Gross Impaired Loans • Gross impaired loan ratio was stable, with an increase in Canadian Gross Impaired Loan Ratios Q3/25 Q2/26 Q3/26 residential mortgages offset by decreases in Canadian personal lending, and 1 Canadian Residential Mortgages 0.36% 0.47% 0.51% business and gove
Slide 21: Allowance Coverage
Allowance Coverage Total Allowance Coverage Ratio up QoQ and YoY • QoQ allowance increase is largely attributable to increased provisions on impaired Total Allowance Coverage Q3/25 Q2/26 Q3/26 loans in business and government loans Canadian Credit Cards 4.6% 5.4% 5.4% Canadian Residential Mortgages
Slide 22: Canadian Consumer Lending
Canadian Consumer Lending Net Write-offs: • Overall consumer net write-off rates were down QoQ, but remained up YoY due to Reported Net Write-offs Q3/25 Q2/26 Q3/26 unemployment impacts and continuing macroeconomic uncertainty Canadian Residential Mortgages 1 <0.01% 0.01% <0.01% • Mortgage losses co
Slide 23: Canadian Real Estate Secured Personal Lending
Canadian Real Estate Secured Personal Lending • Portfolio average Loan-To-Value (LTV) ratio continues to remain healthy • Condominium mortgages account for 17% of our total residential mortgage portfolio, with a 16% insured mix. This segment continues to perform better than the broader portfolio. Ca
Slide 24: Canadian Mortgages Renewal Profile – FY26 and FY27 Outlook
Canadian Mortgages Renewal Profile – FY26 and FY27 Outlook Current Balances by Renewal Quarter1 ($B) 22 Variable Rate 20 36% 17 Fixed Rate • Using illustrative 4.0% and 4.5% 16 13 47% 30% mortgage rates at time of renewal, 53% and no borrower income growth 54% since origination, average 64% mortgage
Slide 25: Commercial Real Estate Q3/26
Commercial Real Estate Q3/26 Multi-Family Portfolio Metrics Canada US • Canada represents 64% of total Canadian & U.S. real estate loans outstanding Total outstanding ($B) C$13.6 US$5.4 • Gross impaired loans as a percentage of total Canadian & U.S. real estate is 0.47% Weighted Average LTV1 61% 55%
Slide 26: Canadian Economy
Canadian Economy CIBC® 25
Slide 27: Snapshot Of The Canadian Economy
Snapshot Of The Canadian Economy Canada’s GDP by Province / Territory1 (%) Canada: Key Facts Population2 41.5 MM GDP (Market Prices)3 CAD 3,322 BN YT 0.1% GDP per capita4 CAD 80,092 NU Labour Force5 22.6 MM NT 0.2% 0.2% Provinces / Territories 10 / 3 NL Best business 1.3% Economist Intelligence Unit
Slide 28: Canadian Economic Indicators Demonstrate Resilience And Performance
Canadian Economic Indicators Demonstrate Resilience And Performance • Unemployment rate of 6.4% as at August 2026 is lower than the 20-year historical average of 6.9% • The Bank of Canada has not felt forced to raise rates in response to the oil shock, as we continue to see the current rate setting
Slide 29: Canadian Economic Indicators Demonstrate Resilience And Performance (continued)
Canadian Economic Indicators Demonstrate Resilience And Performance (continued) • Well diversified services-driven economy, with several key industries including finance, manufacturing, services and real estate • Following the 2007-2008 global recession, diversification had been a stabilizing factor
Slide 30: Mortgage Market Supported By Strong Fundamentals
Mortgage Market Supported By Strong Fundamentals Mortgage Arrears by Number of Mortgages1 Canadian mortgages consistently outperform U.S. and U.K. mortgages • Low defaults and arrears reflect the strong Canadian credit culture • Mortgage interest is generally not tax deductible, resulting in an ince
Slide 31: Canadian House Price Growth Has Moderated
Canadian House Price Growth Has Moderated Household Debt to Income Ratio4 • Absolute price level is moderate compared to major global urban centers • Canadian debt to income ratio in line with many developed nations • Growth rates of house prices in Canada have converged across most regions Average
Slide 32: Debt Programs Overview
Debt Programs Overview CIBC® 31
Slide 33: High-Quality, Client-Driven Balance Sheet (as at Q3/26)
High-Quality, Client-Driven Balance Sheet (as at Q3/26)1 Assets Liabilities & Equity $1,178B Cash & Repos Unsecured 131% Funding 31% 40% Coverage Wholesale-sourced Funding Liquid Assets (Liquid Assets / Trading & Wholesale Funding) Secured Funding4 Investment Securities Personal Deposits Residential
Slide 34: Funding & Liquidity
Funding & Liquidity • Liquidity and funding position continue to remain well-above regulatory requirements • Client deposits are the primary source of funding, comprising over $500B of the total funding base • Funding strategy is supplemented in part by wholesale funding, which is diversified across
Slide 35: CIBC Wholesale Funding Strategy And Sources
CIBC Wholesale Funding Strategy And Sources Funding Strategy • CIBC’s funding strategy includes access to funding through client-sourced deposits and wholesale funding • The wholesale funding strategy is to develop and maintain a sustainable funding base through which CIBC can access funding across
Slide 36: Diversification Is Key To A Stable Wholesale Funding Profile
Diversification Is Key To A Stable Wholesale Funding Profile Wholesale Funding Diversification Geography Instrument • Well diversified across products, currencies, investor segments and geographic regions • Regular issuance to promote investor engagement and secondary market liquidity • Well balance
Slide 37: Wholesale Funding Geography
Wholesale Funding Geography CAD 49.8 BN EUR 18.9 BN, CHF 2.2 BN, GBP 6.1 BN, NOK: 4.4 BN Canada Mortgage Bonds Covered Bonds JPY 84.2 BN Credit Cards Securitization Medium Term Notes Medium Term Notes Medium Term Notes Certificates of Deposit Canadian Dollar Deposits Secured Lines
Slide 38: Debt Programs Summary
Debt Programs Summary Outperformed most G7 economies as measured by long term GDP growth rate during 2014-20251 Canada • Strong diversified stable economy • Aaa/AAA/AA+/AAA (Moody’s/S&P/Fitch/DBRS) Well capitalized top 5 Canadian Bank with CET1, Tier 1 and total capital ratios of 13.4%, 15.6% and 17
Slide 39: Contacts
Contacts LINDSAY SAUDER, SENIOR VICE PRESIDENT ERICH KOEBERLE, VICE PRESIDENT Email: Lindsay.Sauder@cibc.com Phone: (416) 581-7343 Email: Erich.Koeberle@cibc.com Bloomberg: lsauder3@bloomberg.net Phone: (416) 594-7307 DIMITRI BILYKH, SENIOR DIRECTOR SHELLEY TOM, SENIOR DIRECTOR Email: Dimitri.Bilykh
Slide 40: Appendix
Appendix CIBCO
Slide 41: Legislative Covered Bond Program Summary
Legislative Covered Bond Program Summary Program Size CAD 60,000,000,000 Ratings Aaa / AAA by Moody’s / Fitch Asset Percentage Currently at 93.0% Currency Most Convertible Currencies Guarantor CIBC Covered Bond (Legislative) Guarantor Limited Partnership Listing Luxembourg Law Canadian Legislative F
Slide 42: Covered Bond Structure
Covered Bond Structure1 • In April 2012, the Canadian government introduced CIBC Interest Rate Swap legislation which provides a framework for the Provider issuance of covered bonds by Canadian financial institutions Consideration CIBC Seller Loans and • In July 2012, the National Housing Act was CI
Slide 43: Cover Pool
Cover Pool Summary Statistics (August 31, 2026)1 Current Collateral Pool Canadian uninsured residential mortgages Asset Percentage Requirement 93.00% Current Balance CAD 57,128,623,361 Outstanding Covered Bonds CAD Eq. 39,625,106,500 Number of Loans 179,445 Average Balance CAD 318,363 Weighted Ave O
Slide 44: Cover Pool (August 2026)
Cover Pool (August 2026) Remaining Term Geographic Distribution Current Indexed Loan to Value Property Type First Quarter, 2024 43
Slide 45: Canadian Mortgage Market Default Insurance
Canadian Mortgage Market Beneficial Mortgage Regulation in Canada • Under the Bank Act, banks can only advance uninsured mortgages up to an LTV ratio of 80% • Borrowers have to purchase default insurance if the mortgage has an LTV > 80% Default • Insurance covers the entire outstanding principal amo
Slide 46: CIBC Canadian Uninsured Residential Mortgages
CIBC Canadian Uninsured Residential Mortgages Credit Bureau Score1 Distribution 65% 59% 60% 60% 18% 16% 17% 17% 12% 10% 11% 12% 5% 4% 6% 5% 6% 5% 6% 6% ≤650 651-700 701-750 751-800 >800 3 Canada Total GVA GTA3 Canada Variable Rate Loan-to-Value (LTV)2 Distribution 36% 30% 26% 24% 23% 22% 21% 22% 20%
Slide 47: CIBC Canadian Uninsured Residential Mortgages – Q3/26 Originations
CIBC Canadian Uninsured Residential Mortgages – Q3/26 Originations1 • Originations of $13B in Q3/26 • Average LTV2 in Canada: 67%, GVA3: 64%, GTA3: 67% Credit Bureau Score4 Distribution 54% 56% 55% 52% 22% 22% 23% 24% 15% 15% 14% 16% 7% 6% 6% 7% 2% 1% 2% 1% ≤650 651-700 701-750 751-800 >800 3 3 Cana
Slide 48: Canadian Mortgage Market Regulatory Developments
Canadian Mortgage Market Regulatory Developments1 • Vancouver • Updated Guideline B-20 • Second home mortgage introduced – Residential Mortgage • Max. amortization reduced to insurance no longer Empty Homes Underwriting Practices 35 yrs. from 40 • Reduce max. amortization available Tax of 1% of and
Slide 49: Canadian Mortgage Market Regulatory Developments (continued)
Canadian Mortgage Market Regulatory Developments (continued)1 Vancouver Effective October 25, 2022, the Non-Resident The Ontario enhanced new housing rebate Foreign Buyers’ Speculation Tax (NRST) rate was increased to (ENHR), together with the Ontario new Tax increased to • Temporary expansion (ende
Slide 50: Canadian Bail-In Regime Update
Canadian Bail-In Regime Update On April 18, 2018, Department of Finance published the bail-in regulations, and OSFI finalized the guidelines on Total Loss Absorbing Capacity (TLAC) and TLAC holdings. Department of Finance’s bank recapitalization (bail-in) conversion regulations • Provide statutory p
Slide 51: Canadian Bail-In Regime – Comparison To Other Jurisdictions
Canadian Bail-In Regime – Comparison To Other Jurisdictions Bail-in implementation in other jurisdictions has increased the riskiness of bail-inable bonds vs. non-bail-inable bonds: • Legislative changes prohibit bail-outs, increasing the probability that bail-in will be relied on • The hierarchy of
Slide 52: How Bail-In Is Expected To Work
How Bail-In Is Expected To Work When OSFI deems a bank has ceased to or may be about to cease to continue to be viable, it may trigger temporary takeover of the bank and carry out the bail-in conversion of NVCC capital and bail-in debt to common equity. There are no write-down provisions in the fr
Slide 53: Loss Absorption Waterfall
How Bail-In Is Expected To Work Liquidation Scenario Liquidation Resolution Bail-in debt ranks pari passu with all other senior Securitizations, Covered Bonds Securitizations, Covered Bonds unsecured liabilities. Legacy Senior Debt Structured Notes Legacy Senior Debt Derivatives Structured Notes Dep
Slide 54: Comparison Of Canadian And European Hierarchies In Bail-In Resolution
Comparison Of Canadian And European Hierarchies In Bail-In Resolution1 European norm Canada Bank Recapitalization (Bail-in) Regulations Common Equity Tier 1 Common Equity Tier 1 Loss absorption Loss absorption waterfall waterfall Preferred Shares/ AT1 (PONV) Additional Tier 1 Layers of bail-inable T
Slide 55: OSFI Non-Viability Criteria
Office Of The Superintendent Of Financial Institutions (OSFI) Non-Viability Criteria In assessing whether an institution has ceased, or is about to cease, to be viable, the following criteria can be considered, which may be mutually exclusive and should not be viewed as an exhaustive list1. Whether
Slide 56: Domestic Stability Buffer
Domestic Stability Buffer Background • Canadian Domestic Systemically Important Banks (D-SIBs) are required to hold Pillar 2 capital buffer that is privately communicated to each bank, to address risks that are inadequately captured by the Pillar 1 minimum capital requirements • D-SIBs are subject t
Slide 57: Covered Bond Structural Summary - Triggers
Covered Bond Structural Summary - Triggers Trigger Consequences • Servicer downgraded below Baa2/F2 by • Servicer, Guarantor and Bond Trustee agree to Moody’s/Fitch use commercially reasonable efforts to arrange • Servicer defaults on amounts due to Guarantor for the appointment of a successor Servi
Slide 58: Covered Bond Structural Summary - Triggers (continued)
Covered Bond Structural Summary - Triggers (continued) Trigger Consequences • Issuer fails to pay any principal or interest in • Delivery of Issuer Acceleration Notice respect of the Covered Bonds within 10 business • Bond Trustee will serve a Notice to Pay on the days in the case of principal and 3
Slide 59: Covered Bond Structural Summary – Triggers (continued)
Covered Bond Structural Summary - Triggers (continued) Trigger Consequences • Servicer Event of Default, not remedied within 30 days • Notice of loans’ sale given by Issuer to Borrowers • Issuer Event of Default (other than insolvency), not • Borrowers notified to make payments to the Standby remedi
Slide 60: Covered Bond Structural Summary – Triggers (continued)
Covered Bond Structural Summary – Triggers (continued) Trigger Consequences Cash Manager required to direct the Servicer to deposit all Revenue Cash Management Cash Manager’s ratings fall below P-1/F1 or A by Moody’s/Fitch Receipts and Principal Receipts directly into the GDA Account within two Depo
Slide 61: Outstanding Covered Issuances
Outstanding Covered Issuances Series Currency Issued Issue Date1 Maturity Date2 Coupon Rate Issue Spread1 CBL22 EUR 1,000,000,000 09-Jul-19 09-Jul-27 0.0400% MS + 0.09% CBL26 CHF 100,000,000 09-Apr-20 09-Oct-28 0.1412% MS + 0.40% CBL32 EUR 1,000,000,000 30-Apr-21 30-Apr-29 0.0100% MS + 0.05% CBL36 E
Slide 62: Outstanding Covered Issuances (continued)
Outstanding Covered Issuances (continued) Series Currency Issued Issue Date1 Maturity Date2 Coupon Rate Issue Spread1 CBL66 USD 1,250,000,000 1-Apr-26 1-Apr-31 4.242% MS SOFR + 0.53% CBL67 EUR 1,250,000,000 10-Jun-26 10-Sep-32 3.1250% MS + 0.25% CBL68 AUD 2,500,000,000 5-Aug-26 5-Aug-31 BBSW + 0.57%
Slide 63: Selected Outstanding TLAC Senior and AT1
Selected Outstanding TLAC Senior and AT11 ISIN Programme Currency Issued Issue Date Maturity Date Coupon Rate Issue Spread CH0498400578 EMTN CHF 350,000,000 15-Oct-19 15-Oct-26 0.050% 0.66% CA13607HXC10 LRCN CAD 750,000,000 14-Sep-21 28-Jan-27 (60NC5) 4.000% GoC + 3.102% CH1137407412 EMTN CHF 275,00
Slide 64: Selected Outstanding TLAC Senior and AT1 (continued)
Selected Outstanding TLAC Senior and AT1 (continued)1 ISIN Programme Currency Issued Issue Date Maturity Date Coupon Rate Issue Spread US13607L8C03 SEC USD 1,350,000,000 26-Jun-24 26-Jun-27 5.237% T + 0.78% US13607L8D85 SEC USD 500,000,000 26-Jun-24 26-Jun-27 SOFR + 0.94% SOFR + 0.94% US13608JAA51 S
Slide 65: Selected Outstanding TLAC Senior and AT1 (continued)
Selected Outstanding TLAC Senior and AT1 (continued)1 ISIN Programme Currency Issued Issue Date Maturity Date Coupon Rate Issue Spread CA13607P6X78 CAD 1,000,000,000 30-Jun-25 30-Jun-29 (4NC3) CORRA + 0.92% CORRA + 0.92% US13607P7Y41 LRCN USD 750,000,000 14-Jul-25 28-Oct-30 (60NC5) 7.000% T + 3.000%
Slide 66: Endnotes
Endnotes Slide 7 – A leading, well-diversified North American Financial Institution 1. Full-time equivalent employees (FTE) for CIBC. 2. Adjusted results are non-GAAP measures. see slide 72-73 for further details. 3. Last twelve months (LTM) results as of July 31, 2026 (Q3/26). 4. For additional inf
Slide 67: Endnotes
Endnotes Slide 13 – Delivering value for shareholders by driving sustainable growth and profitability 1. Last twelve months (LTM) results as of July 31, 2026 (Q3/26). 2. All per common share amounts reflect the two for one common share split effective May 13, 2022, and prior periods have been restat
Slide 68: Endnotes
Endnotes Slide 26 - Snapshot Of The Canadian Economy 1. Percentage may not add up to 100% due to rounding. 2. Source: Statistics Canada. Table 17-10-0009-01 Population estimates, quarterly 3. Source: Statistics Canada. Table 36-10-0104-01 Gross domestic product, expenditure-based, Canada, quarterly
Slide 69: Endnotes
Endnotes Slide 37 – Debt Programs Summary 1. International Monetary Fund, April 2026. 2. CIBC capital requirements are determined in accordance with guidelines issued by the Office of the Superintendent of Financial Institutions (OSFI), which are based upon the risk-based capital standards developed
Slide 70: Endnotes
Endnotes Slide 55 – Domestic Stability Buffer 1. There may be an additional private component to Pillar 2 buffer specific to individual banks. 2. The Domestic Stability Buffer was originally set at 1.5% when introduced. 3. Domestic Stability Buffer (DSB) level decreased by OSFI to 3.0% on June 19, 2
Slide 71: Non-GAAP Measures
Non-GAAP Measures We use a number of financial measures to assess the performance of our business lines as described below. Some measures are calculated in accordance with GAAP (IFRS), while other measures do not have a standardized meaning under GAAP, and accordingly, these measures may not be comp
Slide 72: Non-GAAP Measures
Non-GAAP Measures Definition 1 Adjusted Diluted EPS We adjust our reported diluted EPS to remove the impact of items of note, net of income taxes, to calculate the adjusted EPS. We adjust our reported net income attributable to common shareholders to remove the impact of items of note, net of income
Slide 73: Glossary
Glossary Definition Net Interest Margin on Average Interest-Earning Assets Net interest margin on average interest-earning assets (excluding trading) is computed using total net interest income minus trading net interest income, divided by total average 1 (Excluding Trading) interest-earning assets
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