Earnings per share (Tables)

3 Months Ended

Jan. 31, 2025

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Summary of Earnings Per Share

$ millions, except number of shares and per share amounts, for the three months ended	2025 Jan. 31		2024 Oct. 31		2024 Jan. 31
Basic earnings per share
Net income attributable to equity shareholders	$	2,163	$	1,874	$	1,716
Less: Preferred share dividends and distributions on other equity instruments		88		72		67
Net income attributable to common shareholders	$	2,075	$	1,802	$	1,649
Weighted-average common shares outstanding (thousands)		942,039		944,283		931,775
Basic earnings per share	$	2.20	$	1.91	$	1.77
Diluted earnings per share
Net income attributable to common shareholders	$	2,075	$	1,802	$	1,649
Weighted-average common shares outstanding (thousands)		942,039		944,283		931,775
Add: Stock options potentially exercisable (1) (thousands)		5,306		4,326		555
Weighted-average diluted common shares outstanding (thousands)		947,345		948,609		932,330
Diluted earnings per share	$	2.19	$	1.90	$	1.77

(1) Excludes average options outstanding of 1,615,008 (October 31, 2024: nil; January 31, 2024: 7,202,031) with a weighted-average exercise price of $94.35 (October 31, 2024: nil; January 31, 2024: $63.27) for the quarter ended January 31, 2025, as the options’ exercise prices were greater than the average market price of CIBC’s common shares.