XML 47 R34.htm IDEA: XBRL DOCUMENT v3.22.1
Earnings per share (Tables)
 6 Months Ended
Apr. 30, 2022
Text block [abstract]  
Summary of Earnings Per Share
 
 
  
 
 
For the three
months ended
 
 
 
 
 
For the six
months ended
 
$ millions, except number of shares and per share amounts
 
2022
Apr. 30
 
 
2022
Jan. 31
 
 
2021
Apr. 30
 
 
 
 
 
2022
Apr. 30
 
 
2021
Apr. 30
 
Basic earnings per share
(1)
 
      
 
      
 
    
 
 
      
 
      
 
    
 
Net income attributable to equity shareholders
  
$
    1,518
 
   $ 1,864     $ 1,647            
$
 
    3,382
 
   $ 3,268  
Less: Preferred share dividends and distributions on other equity instruments
  
 
47
 
     41       51            
 
88
 
     81  
Net income attributable to common shareholders
  
$
1,471
 
   $ 1,823     $ 1,596            
$
 
3,294
 
   $ 3,187  
Weighted-average common shares outstanding (thousands)
  
 
902,489
 
         901,870           896,910            
 
902,174
 
     895,717  
Basic earnings per share
  
$
1.63
 
   $ 2.02     $ 1.78            
$
3.65
 
   $ 3.56  
Diluted earnings per share
(1)
                                                
Net income attributable to common shareholders
  
$
1,471
 
   $ 1,823     $ 1,596            
$
3,294
 
   $ 3,187  
Weighted-average common shares outstanding (thousands)
  
 
902,489
 
     901,870       896,910            
 
902,174
 
         895,717  
Add: Stock options potentially exercisable
(2)
 (thousands)
  
 
2,910
 
     2,839       1,592            
 
2,874
 
     1,256  
Add: Equity-settled consideration (thousands)
  
 
340
 
     323       188            
 
332
 
     268  
Weighted-average diluted common shares outstanding (thousands)
  
 
905,739
 
     905,032       898,690            
 
905,380
 
     897,241  
Diluted earnings per share
  
$
1.62
 
   $ 2.01     $ 1.78            
$
3.64
 
   $ 3.55  
(1)
On April 7, 2022, CIBC shareholders approved a two-for-one share split (Share Split) of CIBC’s issued and outstanding common shares. Each shareholder of record at the close of business on May 6, 2022 (Record Date) received one additional share on May 13, 2022 (Payment Date) for every one share held on the Record Date. All common share numbers and per common share amounts have been adjusted to reflect the Share Split as if it was retroactively applied to all periods presented.
(2)
Excludes average options outstanding, to the extent that the options’ exercise prices were less than the average market price of CIBC’s common shares, which was nil (January 31, 2022: nil; April 30, 2021: nil) with a weighted-average exercise price of nil (January 31, 2022: nil; April 30, 2021: nil) for the quarter ended April 30, 2022, and average options outstanding of nil (April 30, 2021: 1,474,334) with a weighted-average price of nil (April 30, 2021: $60.01) for the six months ended April 30, 2022, as the options’ exercise prices were greater than the average market price of CIBC’s common shares.