- CIBC reported Q3 2025 net income of C$2.1 billion, up 17% year-over-year, with revenue rising 10% to C$7.25 billion.
- Capital Markets earnings surged 87% to C$540 million, while Canadian and U.S. banking units also posted double-digit growth.
- Provisions for credit losses increased to C$559 million but remained below analyst forecasts, supporting stronger-than-expected adjusted EPS of C$2.16.
Canadian Imperial Bank of Commerce (CIBC—TSX: CM, NYSE: CM) delivered a sharp beat in its third quarter, posting revenue of C$7.25 billion (a 10% gain YoY) and reported net income of C$2.1 billion, up 17% from Q3 2024.
The bank’s performance was driven by robust momentum across all key segments, especially capital markets, and fueled by disciplined cost control and strategic investments, according to its latest earnings report.
This content has been prepared as part of a partnership with CIBC and is intended for informational purposes only.
“In the third quarter of 2025, we delivered strong financial performance by continuing to execute on our client-focused strategy, delivering further momentum, high-quality diversified earnings and top-tier returns for our shareholders,” said Victor G. Dodig, CIBC’s President and CEO.
Balanced growth across core segments
CIBC’s Canadian Personal & Business Banking posted net income of C$812 million, a 17% YoY increase, thanks to stronger net interest margins and volume growth, despite elevated provisions and tech-related costs.
The Canadian Commercial Banking & Wealth Management arm delivered record earnings of C$598 million (up 19%) powered by higher volumes and market-led gains.
In the U.S., Commercial Banking & Wealth Management recorded US$186 million (C$254 million) in net income, a 17% YoY uptick, lifted by revenue growth and lower credit-loss provisions.
Capital markets deliver standout gain
The standout star was Capital Markets, which rose with net income of C$540 million, up 87% year-over-year, reflecting surging trading volumes and heightened client activity.
The bank posted adjusted pre-provision, pre-tax earnings of about C$3.29 billion, reflecting 12% YoY growth, while the efficiency ratio improved by ~100 basis points to around 54.8%, signaling stronger cost control. Return on equity remained solid at 14.2%.
Total provisions for credit losses came in at C$559 million, up C$76 million from a year prior, yet still below the average estimate of C$575.7 million.
CIBC’s Q3 results outperformed analyst expectations across the board. The bank’s adjusted EPS of C$2.16 beats the forecast of around C$2, buoyed by strength in capital markets and disciplined expense control.
With credit conditions improving and trade anxieties easing, trading volumes have remained elevated — boding well for continued loan demand and fee income growth. All told, CIBC enters Q4 with strong fundamentals and renewed investor confidence.
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