NYSE$CM

Canadian Imperial Bank of Commerce · Q1 2025 earnings

Q1 2025 earnings · · Before market open · Investor relations

Briefing

CIBC reported strong financial results in Q1 2025, achieving revenue and net income growth.

CIBC reported revenue of CAD 7.281 billion for Q1 2025, reflecting a 17% year-over-year increase. Adjusted net income rose by 23% to CAD 2.179 billion, while adjusted diluted EPS increased by 22% to CAD 2.20. The bank's strong capital position, reflected in a CET1 ratio of 13.5%, supports future growth and resilience.

  • Revenue increased 17% year-over-year to CAD 7.281 billion.
  • Adjusted net income grew by 23% to CAD 2.179 billion.
  • Adjusted diluted EPS increased to CAD 2.20, up 22% year-over-year.
  • The CET1 capital ratio improved to 13.5%, ensuring financial stability.

Headline financials

Total Revenue

$5.03B

No prior period
EPS (adj)

$1.52

No prior period
Adj. ROE

15.3%

No prior period
Net interest margin

1.5%

No prior period
CET1 Ratio

13.5%

No prior period
Reported ROE

15.2%

No prior period
Capital Expenditures

-$136M

No prior period
Net Income

$1.5B

No prior period
Operating Income

$1.96B

No prior period

Revenue & EPS history

CIBC · Revenue · Quarterly

$5.03B

Q1 2025
Beat estimate in 9 of 13 quarters(69%)
ActualEstimate

Forward guidance

CIBC expects continued growth in 2025, leveraging its strong capital position and diversified business model. However, challenges related to macroeconomic conditions and regulatory changes remain key considerations.

Tailwinds

  • Strong capital position with a CET1 ratio of 13.5%.
  • Diversified business model supporting growth across multiple segments.
  • Continued revenue growth driven by personal and commercial banking.
  • Higher fee-based revenue in wealth management.
  • Ongoing investment in digital banking and AI-driven client solutions.

Headwinds

  • Potential macroeconomic headwinds impacting loan growth.
  • Higher expenses driven by strategic initiatives and compensation costs.
  • Regulatory changes affecting capital requirements and compliance costs.
  • Ongoing geopolitical risks influencing market conditions.
  • Increased provisions for credit losses due to economic uncertainties.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 18 quarterly earnings reports · overlaid with Q1 2025

Historical avgQ1 2025

-0.0%

Avg return

Earnings day

-0.2%

Avg return

5 days after

-1.5%

Avg return

30 days after

47%

28 / 60 earnings

Positive

+7.4%

Q3 2015

Best reaction

-8.4%

Q4 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2026
Q2 2026
Q4 2025+4.2%+4.2%+5.8%
Q3 2025+2.3%+2.6%+7.3%
Q2 2025-0.1%-0.3%+2.6%
Q1 2025-0.9%-5.1%-7.1%
Q4 2023+6.7%+7.7%+22.6%
Q3 2023-2.6%-2.9%-5.6%
Q2 2023+3.3%+2.5%+2.3%
Q1 2023+2.2%+1.5%-8.6%
Q4 2022-8.4%-10.5%-16.0%
Q3 2022-1.4%-4.2%-11.3%
Q2 2022-0.6%+0.5%-10.5%
Q1 2022+4.6%+5.1%+4.8%
Q4 2021-0.8%+2.0%+5.9%
Q3 2021-3.4%-4.3%-4.1%
Q2 2021+4.3%+5.4%+3.5%
Q1 2021-2.2%+0.7%+5.5%
Q4 2020+1.9%+2.3%+0.4%
Q3 2020+2.5%+2.6%-3.9%
Q2 2020-3.7%+3.0%-1.0%
Q1 2020-2.3%-2.4%-30.3%
Q4 2019-4.7%-5.3%-4.5%
Q3 2019+0.7%+1.0%+12.0%
Q2 2019-7.8%-6.8%-4.8%
Q1 2019-3.5%-3.1%-9.3%
Q4 2018-4.2%-5.6%-15.1%
Q3 2018+0.4%+1.2%+2.7%
Q2 2018-2.2%-3.0%-3.0%
Q1 2018+2.4%+1.8%-3.4%
Q4 2017+6.9%+5.3%+9.1%
Q3 2017-1.1%-2.7%+3.4%
Q2 2017-1.2%-1.2%+1.8%
Q1 2017+0.6%-2.1%-3.6%
Q4 2016+3.8%+4.8%+3.7%
Q3 2016+1.4%+1.2%-1.5%
Q2 2016-1.3%-2.3%-3.0%
Q1 2016+4.0%
Q4 2015-3.1%
Q3 2015+7.4%
Q2 2015+0.1%
Q1 2015+2.9%
Q4 2014-5.0%
Q3 2014-1.5%
Q2 2014-3.0%
Q1 2014+2.9%
Q4 2013+0.8%
Q3 2013-0.4%
Q2 2013-2.7%
Q1 2013-1.5%
Q4 2012+1.4%
Q3 2012-0.0%
Q2 2012+0.2%
Q1 2012+2.1%
Q4 2011-4.9%
Q3 2011-0.1%
Q2 2011-0.1%
Q1 2011+2.6%
Q4 2010-0.2%
Q3 2010+0.9%
Q2 2010-1.7%
Q1 2009+1.2%

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