📊 CIBC ($CM.TO) Q1 2025 Earnings Report
CIBC beats expectations for the 6th straight quarter! 🚀 Strong YoY income growth across all segments.
🔹 Income Growth
- Adjusted Earnings: $2.20/share (vs. $1.97 expected)
- Net Income: $2.2B (+26% YoY, +15% QoQ) – All-time high, driven by Capital Markets (+19% YoY).
- Biggest Performance Improvement:
- U.S. Commercial Banking & Wealth Management
- Q1 2024: -$8M loss → Q1 2025: $256M profit
🔹 Credit & Loan Performance
- Provisions for Credit Losses (PCL): $573M (-2.1% YoY, +37% QoQ)
- Allowance for Credit Losses (ACL): $4.4B (+4.6% YoY) – Highest ever
- Net Write-Offs: $352M (-21% YoY, -15% QoQ)
🔹 Other Info (February 28, 2025 Intraday)
- Dividend Yield: 4.5%
- P/E (TTM): 11.2
- Market Cap: $81.2B