Canadian Imperial Bank of Commerce (NYSE:CM) reported fourth-quarter results on Thursday that surpassed analyst estimates, with solid revenue gains across all business lines helping to lift earnings. Shares rose 1.11% following the announcement, reflecting investor approval of the bank’s performance.
For the quarter ended October 31, 2025, CIBC posted adjusted earnings per share of CDN$2.21, topping the expected CDN$2.07. Revenue reached CDN$7.58 billion, also exceeding the consensus forecast of CDN$7.21 billion.
“We delivered record financial performance in 2025 through the consistent execution of our client-focused strategy, driving high-quality earnings growth and delivering top-tier returns for our shareholders,” said Harry Culham, CIBC President and Chief Executive Officer.
Net income climbed to CDN$2.18 billion, a 16% increase from CDN$1.88 billion in the same period last year. Adjusted pre-provision, pre-tax earnings rose 20% year-over-year to CDN$3.41 billion.
Revenue expanded across every major division, contributing to a 14% increase in total revenue compared with the fourth quarter of 2024. The bank’s net interest margin on average interest-earning assets improved to 1.59%, up from 1.50% a year earlier.
Canadian Personal and Business Banking reported net income of CDN$796 million, while Canadian Commercial Banking and Wealth Management delivered a 9.4% increase, reaching CDN$603 million. Capital Markets saw particularly strong momentum, generating CDN$548 million in net income — a 58% jump from the same quarter last year.
Provisions for credit losses rose to CDN$605 million from CDN$419 million a year ago, reflecting a weaker economic outlook in Canada and adverse credit migration.
CIBC also announced it will raise its quarterly dividend to CDN$1.07 per share, up from CDN$0.97, for the quarter ending January 31, 2026.
“We enter the new fiscal year with continuity in our strategy and a shared vision for accelerating its execution by sharpening client focus and connectivity, driving efficiencies through modernization and elevating our emphasis on human capital,” Culham added.