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Common and preferred shares and other equity instruments (Tables)
 12 Months Ended
Oct. 31, 2025
Text Block [Abstract]  
Summary of Outstanding Shares and Dividends Paid
The following table presents the number of common and preferred shares outstanding and dividends paid, and other equity instruments and distributions paid thereon:
Common and preferred shares outstanding and other equity instruments


$ millions, except number of shares and per share
amounts, as at or for the year ended October 31
 
  
2025
 
  
  
 
 
  
 
 
  
 
  
2024
 
  
  
Shares outstanding
 
 
Dividends and
distributions paid
 
  
Shares outstanding
 
 
Dividends and
distributions paid
 
  
  
Number
of shares
 
 
Amount
 
 
Amount
 
  
$ per
share
 
  
Number
of shares
 
 
Amount
 
 
Amount
 
  
$ per
share
 
Common shares
   
 
926,610,598
 
   
$
  16,842
 
   
$
  3,629
 
   
$
  3.88
 
      942,285,419     $   17,009     $   3,382      $   3.60  
Class A Preferred Shares
                      
Series 39
(1)
   
 
–
 
   
 
–
 
   
 
–
 
   
 
–
 
      –       –       11        0.70  
Series 41
(2)
   
 
–
 
   
 
–
 
   
 
3
 
   
 
0.24
 
      12,000,000       300       12        0.98  
Series 43
(3)
   
 
–
 
   
 
–
 
   
 
7
 
   
 
0.59
 
      12,000,000       300       9        0.79  
Series 47
   
 
18,000,000
 
   
 
450
 
   
 
26
 
   
 
1.47
 
      18,000,000       450       27        1.47  
Series 49
(4)
   
 
–
 
   
 
–
 
   
 
–
 
   
 
–
 
      –       –       8        0.65  
Series 51
(5)
   
 
–
 
   
 
–
 
   
 
–
 
   
 
–
 
      –       –       10        0.97  
Series 56
   
 
600,000
 
   
 
600
 
   
 
44
 
   
 
73.65
 
      600,000       600       44        73.65  
Series 57
   
 
500,000
 
   
 
500
 
   
 
37
 
   
 
73.37
 
      500,000       500       22        42.92  
Series 61
   
 
150,000
 
   
 
150
 
   
 
6
 
   
 
37.95
 
      –       –       –        –  
Total
            
$
1,700
 
   
$
123
 
                     $ 2,150     $ 143           
Treasury shares – common shares
(6)
   
 
3,438
 
   
$
3
 
            9,179     $ 2       
Treasury shares – preferred shares
(6)
   
 
(1,223
) 
   
 
(1
) 
                        (3,778 )      (4 )                  
Other Equity Instruments
(7)
                      
Limited Recourse Capital Notes Series 1
(8)
      
$
–
 
   
$
30
 
   
 
4.375 %
 
      $ 750     $ 33        4.375 %  
Limited Recourse Capital Notes Series 2
       
750
 
    
30
 
   
 
4.000 %
 
        750       30        4.000
 %		  
Limited Recourse Capital Notes Series 3
       
800
 
    
57
 
   
 
7.150 %
 
        800       57        7.150 %  
Limited Recourse Capital Notes Series 4
       
500
 
    
38
 
   
 
6.987 %
 
        500       –       
6.987 %
  
Limited Recourse Capital Notes Series 5
(9)
       
693
 
    
48
 
   
 
6.950 %
 
        –       –        –  
Limited Recourse Capital Notes Series 6
       
450
 
    
17
 
   
 
6.369 %
 
        –       –        –  
Limited Recourse Capital Notes Series 7
(9)
       
1,027
 
    
21
 
   
 
7.000 %
 
        –       –        –  
Limited Recourse Capital Notes Series 8
             
450
 
    
–
 
   
 
5.898 %
 
              –       –        –  
Total
           
$
4,670
 
  
$
241
 
                     $ 2,800     $ 120        –  
 
(1)
Series 39 preferred shares were redeemed at par value for a total price of $400 million on July 31, 2024.
(2)
Series 41 preferred shares were redeemed at par value for a total price of $300 million on January 31, 2025.
(3)
Series 43 preferred shares were redeemed at par value for a total price of $300 million on July 31, 2025.
(4)
Series 49 preferred shares were redeemed at par value for a total price of $325 million on April 30, 2024.
(5)
Series 51 preferred shares were redeemed at par value for a total price of $250 million on July 31, 2024.
(6)
A long position in our own shares is shown as a negative number, which reduces the number of shares outstanding. A short position is shown as a positive number, which adds to the number of shares outstanding. See Note 1 to the consolidated financial statements for the accounting policy on treasury shares.
(7)
See the “Limited Recourse Capital Notes (LRCNs)” section below for details.
(8)
Limited Recourse Capital Notes Series 1 were redeemed at their principal amount of $750 million on September 29, 2025.
(9)
For Limited Recourse Capital Notes – Series 5 and Series 7, the amount represents the Canadian dollar equivalent of the U.S. dollar notional amount.
Schedule of Common Shares Issued
CIBC’s authorized capital consists of an unlimited number of common shares, without nominal or par value.
Common shares issued


$ millions, except number of shares, as at or for the year ended October 31
 
 
2025
 
 
  
 
 
2024
 
  
  
Number
of shares
 
 
Amount
 
 
Number
of shares
 
 
Amount
 
Balance at beginning of year
   
 
942,294,598
 
   
$
17,011
 
      931,098,941     $ 16,082  
Issuance pursuant to:
           
Equity-settled share-based compensation plans
   
 
2,824,550
 
   
 
168
 
      2,593,751       148  
Shareholder investment plan
(1)
   
 
629
 
   
 
–
 
      10,986,157       698  
Employee share purchase plan
(2)
   
 
–
 
   
 
–
 
      2,626,726       173  
  
 
945,119,777
 
   
$
17,179
 
      947,305,575     $ 17,101  
Purchase of common shares for cancellation
   
 
(18,500,000
) 
   
 
(335
) 
      (5,000,000 )      (90 ) 
Treasury shares
   
 
(5,741
)
   
 
1
 
      (10,977 )      –  
Balance at end of year
   
 
926,614,036
 
   
$
  16,845
 
      942,294,598     $   17,011  
 
(1)
Commencing with dividends paid on January 28, 2025 and for future dividends declared until further notice, common shares received by participants under the shareholder investment plan were purchased from the open market, a change from issuance from Treasury. For the share purchase option, this change became effective February 1, 2025. Commencing with the dividends paid on July 29, 2024, common shares received by participants were issued from Treasury without a discount.
(2)
Commencing October 11, 2024, employee contributions to our Canadian ESPP were invested to acquire common shares in the open market. Previously, these shares were issued from Treasury.
Schedule of Common Shares Purchased and Cancelled under Current and Previously Expired NCIB
The following table shows common shares purchased and cancelled under current and previously expired NCIBs.
 
$ millions, except number of shares, as at or for the year ended October 31
     
2025
              2024
              Total  
TSX approval date   
Number
of shares
     
Amount
     
Number
of shares
      Amount
     
Number
of shares
      Amount  
September 5, 2024
(1)
   
 
15,000,000
 
   
$
 1,338
 		   
 		 5,000,000
 		    $
 419
 		   
 		 20,000,000
 		    $ 1,757  
September 5, 2025
(2)
   
 
3,500,000
 
   
 		 393
 		   
 		 –
 		   
 		 –
 		   
 		 3,500,000
 		      393  
Total
   
 
18,500,000
 
   
$
   1,731
 		   
 		 5,000,000
 		    $
   419
 		   
 		 23,500,000
 		    $   2,150  
 
(1)
Common shares were repurchased at an average price of $87.80 under this NCIB.
(2)
Common shares were repurchased at an average price of $112.54 under this NCIB.
Schedule of Terms of Class A Preferred Shares  
$ millions, except per share amounts, outstanding as at October 31, 2025
     Par
value		     Cash
redemption
price
per share		     Current
dividend
rate		     Issue date   Dividend
payment
frequency		   Dividends
per share 
(1)
    
Next dividend
reset date 
(2)
  Dividend
after reset		  
Earliest specified redemption date 
(3)(4)
Series 47 
(5)(6)
   $   450     $ 25.00       5.878  %    January 18, 2018   Quarterly   $   0.367375     January 31, 2028   GoC 
(7) 
+ 2.45 %		   January 31, 2028
Series 56
     600         1,000.00       7.365  %    September 16, 2022  
Semi-annual
     36.825     October 28, 2027   GoC
(7) 
+ 4.20 %		  
September 28
-October 28, 2027
Series 57
     500       1,000.00       7.337  %    March 12, 2024  
Semi-annual
     36.685     April 12, 2029   GoC
(7)
+ 3.90 %		  
March
12
-April 12, 2029
Series 61
     150       1,000.00       6.369  %    March 24, 2025  
Semi-annual
     31.845     April 28, 2030   GoC
(7)
+ 3.65 %		  
March
28
-
April 28,
2030
(1)
Dividends may be adjusted depending on the timing of issuance or redemption.
(2)
Subsequent interest reset dates are every five years from the date shown.
(3)
Redemptions are subject to regulatory approval and certain provisions of the shares. Redemptions may be in whole or in part.
(4)
Redemptions are at par. Subsequent redemption dates are every five years after this date.
(5)
Interest rate was reset January 31, 2023.
(6)
Holders have the right to convert their shares on a one-for-one basis into Non-cumulative Floating Rate Class A Preferred Shares Series 48 (NVCC) (Series 48 shares), subject to certain conditions, on January 31, 2023 and on January 31 every five years thereafter. Holders of the Series 48 shares will be entitled to receive a quarterly floating rate dividend, if declared, equal to the three-month Government of Canada Treasury Bill yield plus 2.45%. Holders of the then outstanding Series 48 shares may convert their shares on a one-for-one basis into Series 47 shares, subject to certain conditions, on January 31, 2028 and on January 31 every five years thereafter.
(7)
The prevailing five-year Government of Canada bond yield.
Schedule of Capital, Leverage and TLAC Ratios
Our capital, leverage and TLAC ratios are presented in the table below:
 
$ millions, as at October 31
       
2025
     2024  
CET1 capital
    
$
     47,718
 
   $ 44,516  
Tier 1 capital
   A  
 
54,105
 
     49,481  
Total capital
    
 
62,287
 
     56,809  
Total RWA
   B  
 
357,803
 
     333,502  
CET1 ratio
    
 
13.3
 % 
     13.3  % 
Tier 1 capital ratio
    
 
15.1
 % 
     14.8  % 
Total capital ratio
    
 
17.4
 % 
     17.0  % 
Leverage ratio exposure
   C  
$
1,261,098
 
   $   1,155,432  
Leverage ratio
   A/C  
 
4.3
 % 
     4.3  % 
TLAC available
   D  
$
114,102
 
   $ 101,062  
TLAC ratio
   D/B  
 
31.9
 % 
     30.3  % 
TLAC leverage ratio
   D/C  
 
9.0
 % 
     8.7  % 
Schedule of Limited Recourse Capital Notes Explanatory
$ millions, outstanding as at October 31, 2025
    
Par
value
     Current
interest
rate		     Issue date     Payment
frequency		  
Next interest
reset date 
(2)
   Interest rate
reference
after reset		     Earliest specified redemption date 
(3)
   Maturity date
Series 2
   $ 750      
4.000 
 %      September 14, 2021     Semi-annual   January 28, 2027     GoC
 (4)
 + 3.10 %		    
December 28, 2026
-January 28, 2027 
(5)
   January 28, 2082
Series 3
   $ 800      
7.150 
 %      June 15, 2022     Semi-annual   July 28, 2027     GoC
 (4)
 + 4.00 %		    
June 28
-July 28, 2027 
(5)
   July 28, 2082
Series 4
   $ 500      
6.987 
 %      June 25, 2024     Semi-annual   July 28, 2029     GoC
 (4)
 + 3.70 %		    
June 28
-July 28, 2029 
(5)
   July 28, 2084
Series 5
   US$   500      
6.950 
 %      November 5, 2024     Quarterly   January 28, 2030     UST
 (6)
 + 2.83 %		     January 28, 2030
(7)
   January 28, 2085
Series 6
   $ 450       6.369  %      March 24, 2025     Semi-annual   April 30, 2030     GoC
 (4)
 + 3.65 %		    
March 28
-April 28, 2030 
(5)
   April 28, 2085
Series 7
   US$ 750      
7.000 
 %      July 14, 2025     Quarterly   October 28, 2030     UST
 (6)
 + 3.00 %		     October 28, 2030
(7)
   October 28, 2085
Series 8
   $ 450       5.898  %      September 29, 2025    
Semi-annual
   January 28, 2031     GoC
 (4)
 + 3.11 %		    
December 28, 2030
-January 28, 2031
(5)
   January 28, 2086
(1)
LRCN Series 2, 3, 4, 5, 6, 7, and 8 (NVCC) (subordinated indebtedness) were concurrently issued with
Non-cumulative
5-Year
Fixed Rate Reset Class A Preferred Shares Series 54, 55, 58, 59, 60, 62, and 63 (NVCC), respectively, which are held by the consolidated entity, Limited Recourse Trust, and, as a result, eliminated in CIBC’s consolidated financial statements. In the event of
non-payment
by CIBC of the principal amount of, interest on, or redemption price for the LRCNs when due, the sole remedy of each LRCN Note holder is limited to that holder’s proportionate share of the Series’ Class A Preferred Shares held in the Limited Recourse Trust.
(2)
Subsequent interest reset dates are five years from the date shown, with the last interest rate reset date five years before the maturity date.
(3)
Redemptions are subject to regulatory approval. Redemptions may be in whole or in part.
(4)
The prevailing five-year Government of Canada bond yield.
(5)
Redemptions are at par. Subsequent redemption dates are every five years after this date.
(6)
The prevailing five-year US Treasury rate.
(7)
Redemptions are at par. Subsequent redemption dates are every January 28, April 28, July 28 and October 28 after this date.