XML 137 R71.htm IDEA: XBRL DOCUMENT v3.23.3
Segmented and geographic information (Tables)
 12 Months Ended
Oct. 31, 2023
Text Block [Abstract]  
Detailed Report of Segments and Geographic Areas
Results by reporting segments and
geographic
areas
 
$ millions, for the year ended October 31   Canadian
Personal
and Business
Banking		    
Canadian
Commercial
Banking
and Wealth
Management
    
U.S.
Commercial
Banking
and Wealth
Management
     Capital
Markets
and Direct
Financial
Services		     Corporate
and Other		     CIBC
Total		     Canada
 (1)
     U.S.
 (1)
     Caribbean
 (1)
     Other
countries
 (1)
  
2023
  
Net interest income
(2)
  
$
7,247
 
  
$
1,812
 
  
$
1,889
 
  
$
1,942
 
  
$
(65
) 
  
$
12,825
 
  
$
8,929
 
  
$
2,287
 
  
$
1,475
 
  
$
134
 
   
Non-interest
income
(3)(4)
  
 
2,160
 
  
 
3,591
 
  
 
803
 
  
 
3,546
 
  
 
398
 
  
 
10,498
 
  
 
7,467
 
  
 
1,877
 
  
 
582
 
  
 
572
 
 
Total revenue
  
 
9,407
 
  
 
5,403
 
  
 
2,692
 
  
 
5,488
 
  
 
333
 
  
 
23,323
 
  
 
16,396
 
  
 
4,164
 
  
 
2,057
 
  
 
706
 
 
Provision for (reversal of)
credit losses
  
 
986
 
  
 
143
 
  
 
850
 
  
 
19
 
  
 
12
 
  
 
2,010
 
  
 
1,146
 
  
 
853
 
  
 
12
 
  
 
(1
) 
 
Amortization and impairment
(5)
  
 
237
 
  
 
2
 
  
 
115
 
  
 
7
 
  
 
782
 
  
 
1,143
 
  
 
890
 
  
 
144
 
  
 
89
 
  
 
20
 
   
Other
non-interest
expenses
  
 
4,937
 
  
 
2,689
 
  
 
1,351
 
  
 
2,714
 
  
 
1,515
 
  
 
13,206
 
  
 
10,411
 
  
 
1,920
 
  
 
622
 
  
 
253
 
 
Income (loss) before income
taxes
  
 
3,247
 
  
 
2,569
 
  
 
376
 
  
 
2,748
 
  
 
(1,976
) 
  
 
6,964
 
  
 
3,949
 
  
 
1,247
 
  
 
1,334
 
  
 
434
 
   
Income taxes
(2)
  
 
889
 
  
 
691
 
  
 
(3
) 
  
 
762
 
  
 
(408
) 
  
 
1,931
 
  
 
1,358
 
  
 
328
 
  
 
125
 
  
 
120
 
   
Net income (loss)
  
$
2,358
 
  
$
1,878
 
  
$
379
 
  
$
1,986
 
  
$
(1,568
) 
  
$
5,033
 
  
$
2,591
 
  
$
919
 
  
$
1,209
 
  
$
314
 
 
Net income (loss) attributable to:
                    
 
Non-controlling
interests
  
$
–
 
  
$
–
 
  
$
–
 
  
$
–
 
  
$
38
 
  
$
38
 
  
$
–
 
  
$
–
 
  
$
38
 
  
$
–
 
   
Equity shareholders
  
 
2,358
 
  
 
1,878
 
  
 
379
 
  
 
1,986
 
  
 
(1,606
) 
  
 
4,995
 
  
 
2,591
 
  
 
919
 
  
 
1,171
 
  
 
314
 
   
Average assets
(6)(7)
  
$
319,787
 
  
$
91,630
 
  
$
60,637
 
  
$
287,564
 
  
$
188,503
 
  
$
948,121
 
  
$
715,540
 
  
$
163,478
 
  
$
45,782
 
  
$
  23,321
 
2022
  
Net interest income
(2)
   $ 6,657     $ 1,672     $ 1,655     $ 2,814     $ (157 )    $ 12,641     $ 9,870     $ 1,732     $ 873     $ 166  
   
Non-interest
income
(3)(4)
     2,252       3,582       802       2,187       369       9,192       6,467       1,551       718       456  
 
Total revenue
     8,909       5,254       2,457       5,001       212       21,833       16,337       3,283       1,591       622  
 
Provision for (reversal of)
credit losses
     876       23       218       (62 )      2       1,057       864       191       1       1  
 
Amortization and impairment
(5)
     226       2       113       6       700       1,047       824       136       67       20  
   
Other
non-interest
expenses
     4,749       2,654       1,215       2,431       707       11,756       9,299       1,690       535       232  
 
Income (loss) before income
taxes
     3,058       2,575       911       2,626       (1,197 )      7,973       5,350       1,266       988       369  
   
Income taxes
(2)
     809       680       151       718       (628 )      1,730       1,195       320       116       99  
   
Net income (loss)
   $ 2,249     $ 1,895     $ 760     $ 1,908     $ (569 )    $ 6,243     $ 4,155     $ 946     $ 872     $ 270  
 
Net income (loss) attributable to:
                    
 
Non-controlling
interests
   $ –     $ –     $ –     $ –     $ 23     $ 23     $ –     $ –     $ 23     $ –  
   
Equity shareholders
     2,249       1,895       760       1,908       (592 )      6,220       4,155       946       849       270  
   
Average assets
(6)(7)
   $   305,070     $   84,693     $   53,983     $   284,259     $   172,208     $   900,213     $   685,956     $   147,723     $   43,123     $ 23,411  
 
(1)
Net income and average assets are allocated based on the geographic location where they are recorded.
(2)
Capital Markets and Direct Financial Services net interest income and income taxes include taxable equivalent basis (TEB) adjustments of $
254
 million (2022: $
211
million) with an equivalent offset in Corporate and Other.
(3)
The fee and commission income within non-interest income consists primarily of underwriting and advisory fees, deposit and payment fees, credit fees, card fees, investment management and custodial fees, mutual fund fees and commissions on securities transactions. Underwriting and advisory fees are earned primarily in Capital Markets and Direct Financial Services with the remainder earned in Canadian Commercial Banking and Wealth Management. Deposit and payment fees are earned primarily in Canadian Personal and Business Banking, with the remainder earned mainly in Canadian Commercial Banking and Wealth Management, Capital Markets and Direct Financial Services, and Corporate and Other. Credit fees are earned primarily in Canadian Commercial Banking and Wealth Management, Capital Markets and Direct Financial Services, and U.S. Commercial Banking and Wealth Management. Card fees are earned primarily in Canadian Personal and Business Banking, with the remainder earned mainly in Corporate and Other. Investment management and custodial fees are earned primarily in Canadian Commercial Banking and Wealth Management and U.S. Commercial Banking and Wealth Management, with the remainder earned mainly in Corporate and Other. Mutual fund fees are earned primarily in Canadian Commercial Banking and Wealth Management and U.S. Commercial Banking and Wealth Management. Commissions on securities transactions are earned primarily in Capital Markets and Direct Financial Services, and Canadian Commercial Banking and Wealth Management. 
(4)
Includes intersegment revenue, which represents internal sales commissions and revenue allocations under the Product Owner/Customer Seg
ment/Distributor Channel allocation management model.
(5)
Comprises amortization and impairment of buildings,
right-of-use
assets, furniture, equipment, leasehold improvements, software and other intangible assets, and goodwill.
(6)
Assets are disclosed on an average basis as this measure is most relevant to a financial institution and is the measure reviewed by management.
(7)
Average balances are calculated as a weighted average of daily closing balances.
Breakdown of revenue from reporting segments
The following table provides a breakdown of revenue from our reporting segments:
 
$ millions, for the year ended October 31
   
2023
     2022  
Canadian Personal and Business Banking
   
$
9,407
 
   $ 8,909  
Canadian Commercial Banking and Wealth Management
     
Commercial banking
   
$
    2,501
 
   $     2,278  
Wealth management
   
 
2,902
 
     2,976  
    
$
5,403
 
   $ 5,254  
U.S. Commercial Banking and Wealth Management
     
Commercial banking
   
$
1,786
 
   $ 1,613  
Wealth management
   
 
906
 
     844  
    
$
2,692
 
   $ 2,457  
Capital Markets and Direct Financial Services
(1)
     
Global markets
   
$
2,614
 
   $ 2,322  
Corporate and investment banking
   
 
1,637
 
     1,700  
Direct financial services
   
 
1,237
 
     979  
    
$
5,488
 
   $ 5,001  
Corporate and Other
(1)
     
International banking
   
$
956
 
   $ 778  
Other
   
 
(623
) 
     (566 ) 
    
$
333
 
   $ 212  
 
(1)
Capital Markets and Direct Financial Services revenue includes a TEB adjustment of $
254
 million (2022: $
211
million) with an equivalent offset in Corporate and Other.