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CMCanadian Imperial Bank of Commerce
$111.69$103.5B
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CM logoCanadian Imperial Bank of Commerce(CM)Earnings, Financials & Key Ratios

CM•NYSE•Banking & Credit
18.4× P/E·Price updated Jun 19, 2026
SectorFinancial ServicesIndustryDiversified BanksSub-IndustryNorth American universal banks
AboutCanadian Imperial Bank of Commerce, a diversified financial institution, provides various financial products and services to personal, business, public sector, and institutional clients in Canada, the United States, and internationally. The company operates through four strategic business units: Canadian Personal and Business Banking; Canadian Commercial Banking and Wealth Management; U.S. Commercial Banking and Wealth Management; and Capital Markets. The company offers chequing, savings, and business accounts; mortgages; loans, lines of credit, student lines of credit, and business and agriculture loans; investment and insurance services; and credit cards, as well as overdraft protection services. It also provides day-to-day banking, borrowing and credit, specialty, investing and wealth, and international services; correspondent banking and online foreign exchange services; and cash management services. Canadian Imperial Bank of Commerce was founded in 1867 and is headquartered in Toronto, Canada.Show more
  • Net Interest Income$15.77B+15.1%
  • Total Revenue$62.01B-3.1%
  • Net Income$8.43B+18.5%
  • Return on Equity13.66%+7.7%
  • Net Interest Margin1.41%+7.4%
  • Efficiency Ratio25.37%+13.1%
  • ROA0.78%+10.7%
  • Equity / Assets5.77%+1.8%
  • Book Value per Share68.48+9.3%

CM Key Insights

Canadian Imperial Bank of Commerce (CM) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

  • ✓Strong 5Y profit CAGR of 17.3%
  • ✓Efficient operations: 25.4% efficiency ratio
  • ✓10 consecutive years of dividend growth
  • ✓Healthy dividend yield of 2.7%
  • ✓Trading near 52-week high

✗Weaknesses

  • ✗High debt to equity ratio of 5.5x
  • ✗Weak NIM of 1.4%
  • ✗Thin capital base

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

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CM Price & Volume

Canadian Imperial Bank of Commerce (CM) stock price & volume — 10-year historical chart

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CM Growth Metrics

Canadian Imperial Bank of Commerce (CM) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years13.65%
5 Years19.79%
3 Years25.59%
TTM-

Profit CAGR

10 Years8.95%
5 Years17.33%
3 Years10.66%
TTM25.6%

EPS CAGR

10 Years6.82%
5 Years15.83%
3 Years8.66%
TTM26.76%

Return on Capital

10 Years3.88%
5 Years3.86%
3 Years3.64%
Last Year4.26%

CM Recent Earnings

Canadian Imperial Bank of Commerce (CM) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 11/12 qtrs (92%)●Beat Revenue 7/12 qtrs (58%)
Q2 2026Latest
May 28, 2026
Metric
Actual
Est
EPS
$1.86+4.5%
$1.78
Rev
$5.9B+0.6%
$5.9B
Q1 2026
Feb 26, 2026
Metric
Actual
Est
EPS
$1.99+14.4%
$1.74
Rev
$6.2B+9.1%
$5.7B
Q4 2025
Dec 4, 2025
Metric
Actual
Est
EPS
$1.57+5.4%
$1.49
Rev
$7.5B+37.2%
$5.5B
Q3 2025
Aug 28, 2025
Metric
Actual
Est
EPS
$1.57+8.3%
$1.45
Rev
$7.2B+38.4%
$5.2B
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestMay 28, 2026
$1.86vs $1.78+4.5%
$5.9Bvs $5.9B+0.6%
Q1 2026Feb 26, 2026
$1.99vs $1.74+14.4%
$6.2Bvs $5.7B+9.1%
Q4 2025Dec 4, 2025
$1.57vs $1.49+5.4%
$7.5Bvs $5.5B+37.2%
Q3 2025Aug 28, 2025
$1.57vs $1.45+8.3%
$7.2Bvs $5.2B+38.4%
Based on last 12 quarters of dataView full earnings history →

CM Peer Comparison

Canadian Imperial Bank of Commerce (CM) competitors in North American universal banks — business model, growth, and fundamentals comparison

Select Columns
Stock Universe
Valuation
Growth
Profitability
Financial Health
Dividends & Buybacks
Price Performance
Technical
Fundamentals ($)
Sector-Specific
Institutional Holdings
CompanyMarket CapStock PriceP/E Ratio (TTM)Revenue Growth 1YNet MarginReturn on Equity (ROE)FCF YieldDebt / Equity
TD logoTDThe Toronto-Dominion BankDirect Competitor201.54B119.2914.56-2.8%13.24%11.85%5.19
RY logoRYRoyal Bank of CanadaDirect Competitor281.5B201.5620.182.13%15.93%15.94%6.00
BMO logoBMOBank of MontrealDirect Competitor119.65B170.8221.06-0.52%12.63%11.24%4.71
BNS logoBNSThe Bank of Nova ScotiaDirect Competitor106.71B87.0321.57148.2%13.45%10.86%5.69
MFC logoMFCManulife Financial CorporationDirect Competitor68.09B40.6118.668.27%8.09%12.29%0.28
USB logoUSBU.S. BancorpProduct Competitor90.47B58.1412.610.35%17.68%12.03%1.19
PNC logoPNCThe PNC Financial Services Group, Inc.Product Competitor91.42B232.0413.99-6.98%20.41%11.87%0.94
TFC logoTFCTruist Financial CorporationProduct Competitor62.11B48.3312.6525.5%17.44%8.15%1.07

Compare CM vs Peers

Canadian Imperial Bank of Commerce (CM) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs TD

Most directly comparable listed peer for CM.

Scale Benchmark

vs JPM

Larger-name benchmark to compare CM against a more recognizable public peer.

Peer Set

Compare Top 5

vs TD, RY, BMO, BNS

CM Income Statement

Canadian Imperial Bank of Commerce (CM) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily
MetricOct'17Oct'18Oct'19Oct'20Oct'21Oct'22Oct'23Oct'24Oct'25TTM
Net Interest Income
8.98B10.06B10.55B11.04B11.46B12.64B12.82B13.7B15.77B16.84B
NII Growth %
7.3%12.12%4.83%4.67%3.76%10.32%1.46%6.78%15.14%56.57%
Net Interest Margin %
1.59%1.69%1.62%1.44%1.37%1.34%1.31%1.31%1.41%1.45%
Interest Income
13.59B17.5B20.7B17.52B14.74B22.18B45.02B52.19B48.76B47.61B
Interest Expense
4.62B7.44B10.15B6.48B3.28B9.54B32.19B38.49B32.99B30.77B
Loan Loss Provision
829M842M1.29B2.49B158M963M2.01B2B2.34B2.34B
Non-Interest Income
6.9B7.63B7.92B7.62B8.5B9.12B10.47B11.83B13.24B14.23B
Non-Interest Income %
33.66%30.36%27.67%30.3%36.58%29.15%18.87%18.48%21.36%23.02%
Total Revenue
20.49B▲ 0%
25.14B▲ 22.7%
28.61B▲ 13.8%
25.14B▼ 12.1%
23.24B▼ 7.5%
31.3B▲ 34.7%
55.49B▲ 77.3%
64.02B▲ 15.4%
62.01B▼ 3.1%
61.84B▲ 0%
Revenue Growth %
12.8%22.68%13.83%-12.14%-7.55%34.68%77.28%15.36%-3.14%-12.62%
Non-Interest Expense
9.16B10.15B10.71B11.28B11.48B12.83B14.32B14.36B15.73B16.52B
Efficiency Ratio
44.73%40.37%37.44%44.88%49.39%40.98%25.8%22.43%25.37%26.71%
Operating Income
5.88B▲ 0%
6.71B▲ 14.0%
6.47B▼ 3.5%
4.89B▼ 24.4%
8.32B▲ 70.2%
7.97B▼ 4.2%
6.97B▼ 12.5%
9.17B▲ 31.4%
10.94B▲ 19.3%
12.22B▲ 0%
Operating Margin %
28.7%26.68%22.61%19.45%35.81%25.47%12.57%14.32%17.64%19.76%
Operating Income Growth %
17.29%14.05%-3.53%-24.41%70.18%-4.19%-12.54%31.45%19.34%-
Pretax Income
5.88B▲ 0%
6.71B▲ 14.0%
6.47B▼ 3.5%
4.89B▼ 24.4%
8.32B▲ 70.2%
7.97B▼ 4.2%
6.97B▼ 12.5%
9.17B▲ 31.4%
10.94B▲ 19.3%
12.14B▲ 0%
Pretax Margin %
28.7%26.68%22.61%19.45%35.81%25.47%12.57%14.32%17.64%19.63%
Income Tax
1.16B1.42B1.35B1.1B1.88B1.73B1.93B2.01B2.48B2.37B
Effective Tax Rate %
19.76%21.2%20.84%22.45%22.54%21.7%27.74%21.95%22.72%19.55%
Net Income
4.7B▲ 0%
5.27B▲ 12.1%
5.1B▼ 3.2%
3.79B▼ 25.6%
6.43B▲ 69.6%
6.22B▼ 3.3%
5B▼ 19.6%
7.12B▲ 42.3%
8.43B▲ 18.5%
9.82B▲ 0%
Net Margin %
22.93%20.95%17.81%15.08%27.66%19.87%9.01%11.11%13.59%15.88%
Net Income Growth %
9.92%12.09%-3.25%-25.63%69.63%-3.25%-19.6%42.27%18.47%25.6%
Net Income (Continuing)
4.72B5.28B5.12B3.79B6.45B6.24B5.04B7.15B8.45B9.77B
EPS (Diluted)
5.62▲ 0%
5.83▲ 3.7%
5.60▼ 3.9%
4.11▼ 26.6%
6.96▲ 69.3%
6.68▼ 4.0%
5.17▼ 22.6%
7.28▲ 40.8%
8.57▲ 17.7%
14.45▲ 0%
EPS Growth %
5.05%3.74%-3.95%-26.61%69.34%-4.02%-22.6%40.81%17.72%26.76%
EPS (Basic)
5.635.855.614.126.986.705.177.298.62-
Diluted Shares Outstanding
827.13M889.25M890.91M892.04M900.37M905.68M916.22M941.71M940.67M680M

CM Balance Sheet

Canadian Imperial Bank of Commerce (CM) balance sheet — assets, liabilities & shareholders' equity

MetricOct'17Oct'18Oct'19Oct'20Oct'21Oct'22Oct'23Oct'24Oct'25TTM
Cash & Short Term Investments
55.81B56.9B69.63B126.22B123.27B129.43B124.5B93.25B92.81B259.89B
Cash & Due from Banks
15.65B20.69B22.83B71.67B69.27B73.33B63.17B56.03B55.75B16.78B
Short Term Investments
40.16B36.21B46.8B54.55B54B56.1B61.33B37.22B37.06B0
Total Investments
424.38B495.02B534.73B592.76B649.89B736.63B778.5B849.85B911.89B1.07T
Investments Growth %
13.64%16.64%8.02%10.85%9.64%13.35%5.68%9.17%7.3%53.65%
Long-Term Investments
385.84B460.45B489.85B538.2B598.74B683.6B717.17B816.55B874.83B3.79T
Accounts Receivables
1.46B2.16B2.17B1.84B2.13B3.28B4.35B5.45B5.87B0
Goodwill & Intangibles
7.34B7.51B7.42B7.21B6.98B7.94B8.17B8.27B8.37B8.22B
Goodwill
5.37B5.56B5.45B5.25B4.95B5.35B5.42B5.44B5.47B5.33B
Intangible Assets
1.98B1.95B1.97B1.96B2.03B2.59B2.74B2.83B2.89B2.89B
PP&E (Net)
1.78B1.79B1.81B3B3.29B3.38B3.25B3.36B3.44B3.52B
Other Assets
106.01B60.4B71.65B88.26B96.86B101.43B111.32B104.02B118.96B63.32B
Total Current Assets
65.17B67.99B82.27B135.77B134.25B149.84B139.04B108.97B110.32B16.78B
Total Non-Current Assets
500.09B529.11B569.33B633.78B703.43B793.76B836.65B933.02B1.01T1.14T
Total Assets
565.26B▲ 0%
597.1B▲ 5.6%
651.6B▲ 9.1%
769.55B▲ 18.1%
837.68B▲ 8.9%
943.6B▲ 12.6%
975.69B▲ 3.4%
1.04T▲ 6.8%
1.12T▲ 7.2%
1.16T▲ 0%
Asset Growth %
12.75%5.63%9.13%18.1%8.85%12.64%3.4%6.79%7.19%26.33%
Return on Assets (ROA)
0.88%0.91%0.82%0.53%0.8%0.7%0.52%0.71%0.78%0.87%
Accounts Payable
4.95B7.27B8.44B8.66B8.85B11.23B13.24B14.13B14.03B0
Total Debt
167.38B178.39B198.03B218.34B236.05B264.63B281.62B318.65B355.82B181.38B
Net Debt
151.72B157.7B175.2B146.67B166.78B191.3B218.45B262.62B300.07B164.59B
Long-Term Debt
65.29B77.86B75.4B79.89B87.94B107.25B116.84B125.1B140.88B17.64B
Short-Term Debt
102.09B100.52B122.63B136.59B148.11B157.38B164.77B193.55B214.95B163.73B
Other Liabilities
38.71B38.53B40.61B46.65B51.98B76.96B67.64B56.32B63.15B912.8B
Total Current Liabilities
426.35B441.42B493.15B595.01B651.9B703.04B734.62B797.05B848.45B163.73B
Total Non-Current Liabilities
104.02B116.44B116.05B128.43B139.95B184.25B184.53B181.46B204.07B930.5B
Total Liabilities
534.03B561.98B613.02B728.22B791.85B893.22B922.53B982.98B1.05T1.09T
Total Equity
31.24B▲ 0%
35.12B▲ 12.4%
38.58B▲ 9.9%
41.34B▲ 7.1%
45.83B▲ 10.9%
50.38B▲ 9.9%
53.16B▲ 5.5%
59.01B▲ 11.0%
64.41B▲ 9.2%
65.95B▲ 0%
Equity Growth %
31.95%12.42%9.86%7.14%10.87%9.93%5.52%10.99%9.16%31.06%
Equity / Assets (Capital Ratio)
5.53%5.88%5.92%5.37%5.47%5.34%5.45%5.66%5.77%5.68%
Return on Equity (ROE)
17.12%15.88%13.83%9.49%14.75%12.93%9.66%12.69%13.66%15.17%
Book Value per Share
37.7739.4943.3046.3450.9055.6358.0262.6668.4896.98
Tangible BV per Share
28.8931.0534.9838.2543.1546.8649.1153.8759.5884.89
Common Stock
12.55B13.24B13.59B13.91B14.35B14.73B16.08B17.01B17.18B16.74B
Additional Paid-in Capital
137M136M125M117M110M115M109M159M226M310.9M
Retained Earnings
16.1B18.54B20.97B22.12B25.79B28.82B30.35B33.47B36.47B38.15B
Accumulated OCI
452M777M881M1.44B1.07B1.59B1.46B3.15B8.55B3.11B
Treasury Stock
0000000000
Preferred Stock
1.8B2.25B2.83B3.58B4.33B4.92B4.92B4.95B1.7B7.34B

CM Cash Flow Statement

Canadian Imperial Bank of Commerce (CM) cash flow — operating, investing & free cash flow history

MetricOct'17Oct'18Oct'19Oct'20Oct'21Oct'22Oct'23Oct'24Oct'25TTM
Cash from Operations
2.46B9.87B19.09B60.3B-3.33B22.71B12.15B11.09B-23.34B2.4B
Operating CF Growth %
-75.94%301.59%93.43%215.91%-105.53%781.72%-46.49%-8.77%-310.54%-466.41%
Net Income
4.72B5.28B5.1B3.79B6.45B6.24B5.04B7.15B8.45B9.82B
Depreciation & Amortization
542M657M838M1.31B1.02B1.05B1.14B1.17B1.18B611M
Deferred Taxes
21M69M108M-228M-41M-46M-84M-244M-257M-271M
Other Non-Cash Items
366M599M1.02B1.72B995M-110M3.75B135M-34.84B-14.27B
Working Capital Changes
-3.2B3.23B11.99B53.69B-11.77B15.56B2.3B2.86B2.1B6.48B
Cash from Investing
-1.97B-7.99B-18.34B-19.88B-3.51B-24.39B-20.76B-20.75B-5.78B-18.05B
Purchase of Investments
-37.86B-33.01B-42.3B-54.08B-49.9B-70.95B-79.49B-76.53B-98.37B-143.12B
Sale/Maturity of Investments
38.22B25.59B24.71B34.98B47.23B50.76B59.74B56.87B93.7B120.06B
Net Investment Activity
351M-7.42B-17.59B-19.1B-2.67B-20.2B-19.75B-19.66B-4.67B-23.07B
Acquisitions
-2.52B-315M-25M00-3.08B0000
Other Investing
0000000006.25B
Cash from Financing
-501M-993M-1.29B-1.22B-1.95B-1.61B-2.16B-2.61B32.87B20.57B
Dividends Paid
-1.43B-2.11B-2.41B-2.57B-2.65B-2.97B-2.26B-2.95B-3.99B-4.2B
Share Repurchases
-7M-417M-109M-234M-15M-934M0-423M-3.08B-3.57B
Stock Issued
194M192M158M177M284M229M183M312M162M1.21B
Net Stock Activity
187M-225M49M-57M269M-705M183M-111M-2.92B-2.36B
Debt Issuance (Net)
-1000K1000K1000K1000K-1000K1000K-1000K1000K-1000K-2M
Other Financing
0000000037.15B22.85B
Net Change in Cash
-60M▲ 0%
940M▲ 1666.7%
-540M▼ 157.4%
39.69B▲ 7450.2%
-8.96B▼ 122.6%
-3.04B▲ 66.1%
-10.72B▼ 252.8%
-12.25B▼ 14.3%
3.81B▲ 131.1%
2.78B▲ 0%
Exchange Rate Effect
-51M53M4M25M-175M248M49M22M63M-752.28M
Cash at Beginning
3.5B3.44B4.38B3.84B43.53B34.57B31.54B20.82B8.56B11B
Cash at End
3.44B4.38B3.84B43.53B34.57B31.54B20.82B8.56B12.38B16.79B
Interest Paid
4.53B7.24B10.01B6.72B3.7B8.31B29.67B38.04B33.98B31.17B
Income Taxes Paid
2.2B1.65B1.55B39M1.37B2.58B1.66B2.51B3.23B3.24B
Free Cash Flow
2.66B▲ 0%
9.61B▲ 261.6%
18.36B▲ 91.0%
59.99B▲ 226.7%
-4.17B▼ 107.0%
21.61B▲ 618.0%
11.14B▼ 48.4%
10B▼ 10.2%
-24.45B▼ 344.6%
5.81B▲ 0%
FCF Growth %
-73.53%261.63%91.04%226.67%-106.95%618.01%-48.44%-10.24%-344.56%-74.31%

CM Banking Ratios

Canadian Imperial Bank of Commerce (CM) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric201720182019202020212022202320242025TTM
Return on Equity (ROE)
17.12%15.88%13.83%9.49%14.75%12.93%9.66%12.69%13.66%15.17%
Return on Assets (ROA)
0.88%0.91%0.82%0.53%0.8%0.7%0.52%0.71%0.78%0.87%
Net Interest Margin
1.59%1.69%1.62%1.44%1.37%1.34%1.31%1.31%1.41%1.45%
Efficiency Ratio
44.73%40.37%37.44%44.88%49.39%40.98%25.8%22.43%25.37%26.71%
Equity / Assets
5.53%5.88%5.92%5.37%5.47%5.34%5.45%5.66%5.77%5.68%
Book Value / Share
37.7739.4943.346.3450.955.6358.0262.6668.4896.98
NII Growth
7.3%12.12%4.83%4.67%3.76%10.32%1.46%6.78%15.14%14.14%
Dividend Payout
30.33%40.04%47.21%67.84%41.2%47.78%45.21%41.42%47.37%40.47%
Related:CM Dividend History·CM Revenue History·CM Price History·CM P/E History·CM Financial Ratios·CM Institutional Holders

CM Frequently Asked Questions

Canadian Imperial Bank of Commerce (CM) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

Canadian Imperial Bank of Commerce (CM) saw revenue decline by 3.1% over the past year.

Yes, Canadian Imperial Bank of Commerce (CM) is profitable, generating $9.82B in net income for fiscal year 2025 (13.6% net margin).

Dividend & Returns

Yes, Canadian Imperial Bank of Commerce (CM) pays a dividend with a yield of 2.69%. This makes it attractive for income-focused investors.

Canadian Imperial Bank of Commerce (CM) has a return on equity (ROE) of 13.7%. This is reasonable for most industries.

Industry Metrics

Canadian Imperial Bank of Commerce (CM) has a net interest margin (NIM) of 1.4%. NIM has been under pressure due to interest rate environment.

Canadian Imperial Bank of Commerce (CM) has an efficiency ratio of 25.4%. This is excellent, indicating strong cost control.

What if you invested $1,000 in CM back in 1996?

Total return calculator · dividends reinvested · 30+ years of data

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How much would $100/month in CM be worth today?

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