XML 95 R81.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Earnings per Share - Summary of Earnings Per Share (Detail) - CAD ($)
$ / shares in Units, shares in Thousands, $ in Millions
3 Months Ended 9 Months Ended
Jul. 31, 2024
Apr. 30, 2024
Jul. 31, 2023
Jul. 31, 2024
Jul. 31, 2023
Basic earnings per share          
Net income attributable to equity shareholders $ 1,786 $ 1,739 $ 1,422 [1] $ 5,241 $ 3,524 [1]
Less: Preferred share dividends and distributions on other equity instruments 63 61 66 [1] 191 205 [1]
Net income attributable to common shareholders $ 1,723 $ 1,678 $ 1,356 [1] $ 5,050 $ 3,319 [1]
Weighted-average common shares outstanding 943,467 937,849 918,551 [1] 937,696 912,542 [1]
Basic earnings per share $ 1.83 $ 1.79 $ 1.48 [1] $ 5.39 $ 3.64 [1]
Diluted earnings per share          
Net income attributable to common shareholders $ 1,723 $ 1,678 $ 1,356 [1] $ 5,050 $ 3,319 [1]
Weighted-average common shares outstanding 943,467 937,849 918,551 [1] 937,696 912,542 [1]
Add: Stock options potentially exercisable [2] 2,317 1,964 368 [1] 1,596 594 [1]
Add: Equity-settled consideration [1]     144   215
Weighted-average diluted common shares outstanding 945,784 939,813 919,063 [1] 939,292 913,351 [1]
Diluted earnings per share $ 1.82 $ 1.79 $ 1.47 [1] $ 5.38 $ 3.63 [1]
[1] Certain comparative amounts have been restated to reflect the adoption of IFRS 17 in the first quarter of 2024. See Note 1 to the interim consolidated financial statements for additional details.
[2] Excludes average options outstanding of 2,553,244 (April 30, 2024: 2,553,244; July 31, 2023: 6,824,114) with a weighted-average exercise price of $70.05 (April 30, 2024: $70.05; July 31, 2023: $63.24) for the quarter ended July 31, 2024, and average options outstanding of 2,553,244 (July 31, 2023: 6,472,004) with a weighted-average price of $70.05 (July 31, 2023: $63.45) for the nine months ended July 31, 2024, as the options’ exercise prices were greater than the average market price of CIBC’s common shares.