NYSE$CM

Canadian Imperial Bank of Commerce · Q2 2025 earnings

Q2 2025 earnings · · Before market open · Investor relations

Briefing

CIBC reported strong second quarter results with net income and revenue both increasing year-over-year.

CIBC posted solid Q2 2025 results with higher revenues and profits across all business segments, driven by growth in Capital Markets and continued strength in Canadian operations. Despite a quarter-over-quarter decline, the bank remains financially resilient with stable capital ratios.

  • Revenue increased to $7.02 billion, up from $6.16 billion in Q2 2024.
  • Net income reached $2.007 billion, a 15% year-over-year increase.
  • Adjusted EPS rose to $2.05, compared to $1.75 in Q2 2024.
  • Strong CET1 ratio of 13.4% reflects ongoing capital strength.

Headline financials

Total Revenue

$5.08B

No prior period
EPS (adj)

$1.48

No prior period
Adj. ROE

13.9%

No prior period
Net interest margin

1.5%

No prior period
CET1 Ratio

13.4%

No prior period
Reported ROE

13.8%

No prior period
Capital Expenditures

-$173M

No prior period
Net Income

$1.45B

No prior period
Operating Income

$1.88B

No prior period

Revenue & EPS history

CIBC · Revenue · Quarterly

$5.08B

Q2 2025
Beat estimate in 9 of 13 quarters(69%)
ActualEstimate

Forward guidance

CIBC expects moderate economic recovery later in 2025 as trade tensions ease, interest rates decline, and market confidence gradually improves.

Tailwinds

  • Expected interest rate cuts by the Bank of Canada later in 2025.
  • Improved consumer activity from lower borrowing costs.
  • Rebound in corporate bond issuance and M&A activity.
  • Growth in wealth management assets due to market appreciation.
  • Stability in credit performance and asset quality.

Headwinds

  • Ongoing global trade tensions creating economic uncertainty.
  • High interest rates still weighing on U.S. real estate sector.
  • Sluggish loan growth in commercial segments.
  • Muted investor sentiment in near term due to tariffs.
  • Increased credit loss provisions driven by economic outlook.

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 Q2 2025

Historical avgQ2 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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