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Canadian Imperial Bank of Commerce (USA) (N:CM)

Business Focus: Banks

Sector:  Financials Industry:  Banks
 
Company Contact
Address: 81 BAY STREET, CIBC SQUARE,
PO Box 770
TORONTO ON M5J 0E7
Tel: N/A
Website: https://www.cibc.com
IR: See website
Key People
Victor George Dodig
President, Chief Executive Officer, Director
Hratch Panossian
Senior Executive Vice President, Chief Financial Officer and Head of Enterprise Strategy
Frank Guse
Senior Executive Vice President, Chief Risk Officer
Shawn Beber
Senior Executive Vice President and Group Head - U.S. Region, President and Chief Executive Officer, CIBC Bank USA
Harry K. Culham
Senior Executive Vice President, Group Head - Capital Markets and Direct Financial Services
Jon Hountalas
Senior Executive Vice President, Group Head - Canadian Banking
Christina Charlotte Kramer
Senior Executive Vice President, Group Head - Technology, Infrastructure and Innovation
Kikelomo Lawal
Executive Vice President, Chief Legal Officer
Sandy Sharman
Senior Executive Vice President, Group Head - People, Culture and Brand
Business Overview
Canadian Imperial Bank of Commerce is a Canada-based financial institution. The Company has 13million personal banking, business, public sector and institutional clients. Across personal and business banking, commercial banking and wealth management, and capital markets businesses, the Company offers a full range of advice, solutions and services through its digital banking network and locations across Canada, with offices in the United States and around the world. Its personal banking offers products and services, including bank accounts, credit cards, mortgages, lending, investments, insurance, ways to bank and smart advice. Its business banking products and services include accounts, credit cards, borrowing, investing, cash management, smart business advice and healthcare. It also offers various business solution, including Managing Cash Flow, Financing Your Business and Day-to-Day Banking.
Financial Overview
For the three months ended 31 January 2024, Canadian Imperial Bank of Commerce (USA) interest income increased 24% to C$12.73B. Net interest income after loan loss provision decreased 8% to C$2.66B. Net income applicable to common stockholders increased from C$352M to C$1.65B. Net interest income after loan loss provision reflects Capital Markets segment decrease of 33% to C$358M.