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CM logoCanadian Imperial Bank of Commerce(CM)Earnings, Financials & Key Ratios

CM•NYSE•Banking & Credit
$112.22
$103.98B mkt cap·17.8× P/E·Price updated May 6, 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%
  • Tangible BV/Share59.58+10.6%
  • Debt/Equity5.52+2.3%
Analysis→Technical→

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
  • ✓Momentum leader: RS Rating 81 (top 19%)
  • ✓Healthy dividend yield of 2.8%
  • ✓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.

CM Price & Volume

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

Loading chart...

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%
TTM18.47%

EPS CAGR

10 Years6.82%
5 Years15.83%
3 Years8.66%
TTM17.7%

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%)
Q1 2026Latest
Feb 26, 2026
EPS
$1.99
Est $1.74
+14.4%
Revenue
$6.2B
Est $5.7B
+9.1%
Q4 2025
Dec 4, 2025
EPS
$1.57
Est $1.49
+5.4%
Revenue
$7.5B
Est $5.5B
+37.2%
Q3 2025
Aug 28, 2025
EPS
$1.57
Est $1.45
+8.3%
Revenue
$7.2B
Est $5.2B
+38.4%
Q2 2025
May 29, 2025
EPS
$1.44
Est $1.36
+5.9%
Revenue
$7.0B
Est $5.1B
+38.0%
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q1 2026LatestFeb 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%
Q2 2025May 29, 2025
$1.44vs $1.36+5.9%
$7.0Bvs $5.1B+38.0%
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
CompanyMarket CapStock PriceP/E Ratio (TTM)Revenue Growth 1YNet MarginReturn on Equity (ROE)FCF YieldDebt / Equity
TD logoTDThe Toronto-Dominion BankDirect Competitor182.1B108.6012.76-2.8%16.07%5.19
RY logoRYRoyal Bank of CanadaDirect Competitor254.32B181.6317.512.13%14.63%6.00
BMO logoBMOBank of MontrealDirect Competitor109.89B155.0218.41-0.52%10.57%4.71
BNS logoBNSThe Bank of Nova ScotiaDirect Competitor96.99B78.4518.73148.2%8.79%5.69
MFC logoMFCManulife Financial CorporationDirect Competitor67.02B39.9717.699.38%6.96%11.2%0.28
USB logoUSBU.S. BancorpProduct Competitor87.33B56.1612.180.35%11.54%1.19
PNC logoPNCThe PNC Financial Services Group, Inc.Product Competitor89.93B222.4216.195.62%11.05%1.13
TFC logoTFCTruist Financial CorporationProduct Competitor66.85B50.8015.12-19.02%7.97%0.98

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
Line itemOct'17Oct'18Oct'19Oct'20Oct'21Oct'22Oct'23Oct'24Oct'25
Net Interest Income8.98B10.06B10.55B11.04B11.46B12.64B12.82B13.7B15.77B
NII Growth %7.3%12.12%4.83%4.67%3.76%10.32%1.46%6.78%15.14%
Net Interest Margin %1.59%1.69%1.62%1.44%1.37%1.34%1.31%1.31%1.41%
Interest Income13.59B17.5B20.7B17.52B14.74B22.18B45.02B52.19B48.76B
Interest Expense4.62B7.44B10.15B6.48B3.28B9.54B32.19B38.49B32.99B
Loan Loss Provision829M842M1.29B2.49B158M963M2.01B2B2.34B
Non-Interest Income6.9B7.63B7.92B7.62B8.5B9.12B10.47B11.83B13.24B
Non-Interest Income %33.66%30.36%27.67%30.3%36.58%29.15%18.87%18.48%21.36%
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%
Revenue Growth %12.8%22.68%13.83%-12.14%-7.55%34.68%77.28%15.36%-3.14%
Non-Interest Expense9.16B10.15B10.71B11.28B11.48B12.83B14.32B14.36B15.73B
Efficiency Ratio44.73%40.37%37.44%44.88%49.39%40.98%25.8%22.43%25.37%
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%
Operating Margin %28.7%26.68%22.61%19.45%35.81%25.47%12.57%14.32%17.64%
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%
Pretax Margin %28.7%26.68%22.61%19.45%35.81%25.47%12.57%14.32%17.64%
Income Tax1.16B1.42B1.35B1.1B1.88B1.73B1.93B2.01B2.48B
Effective Tax Rate %19.76%21.2%20.84%22.45%22.54%21.7%27.74%21.95%22.72%
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%
Net Margin %22.93%20.95%17.81%15.08%27.66%19.87%9.01%11.11%13.59%
Net Income Growth %9.92%12.09%-3.25%-25.63%69.63%-3.25%-19.6%42.27%18.47%
Net Income (Continuing)4.72B5.28B5.12B3.79B6.45B6.24B5.04B7.15B8.45B
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%
EPS Growth %5.05%3.74%-3.95%-26.61%69.34%-4.02%-22.6%40.81%17.72%
EPS (Basic)5.635.855.614.126.986.705.177.298.62
Diluted Shares Outstanding827.13M889.25M890.91M892.04M900.37M905.68M916.22M941.71M940.67M

CM Balance Sheet

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

Line itemOct'17Oct'18Oct'19Oct'20Oct'21Oct'22Oct'23Oct'24Oct'25
Cash & Short Term Investments55.81B56.9B69.63B126.22B123.27B129.43B124.5B93.25B92.81B
Cash & Due from Banks15.65B20.69B22.83B71.67B69.27B73.33B63.17B56.03B55.75B
Short Term Investments40.16B36.21B46.8B54.55B54B56.1B61.33B37.22B37.06B
Total Investments424.38B495.02B534.73B592.76B649.89B736.63B778.5B849.85B911.89B
Investments Growth %13.64%16.64%8.02%10.85%9.64%13.35%5.68%9.17%7.3%
Long-Term Investments385.84B460.45B489.85B538.2B598.74B683.6B717.17B816.55B874.83B
Accounts Receivables1.46B2.16B2.17B1.84B2.13B3.28B4.35B5.45B5.87B
Goodwill & Intangibles7.34B7.51B7.42B7.21B6.98B7.94B8.17B8.27B8.37B
Goodwill5.37B5.56B5.45B5.25B4.95B5.35B5.42B5.44B5.47B
Intangible Assets1.98B1.95B1.97B1.96B2.03B2.59B2.74B2.83B2.89B
PP&E (Net)1.78B1.79B1.81B3B3.29B3.38B3.25B3.36B3.44B
Other Assets106.01B60.4B71.65B88.26B96.86B101.43B111.32B104.02B118.96B
Total Current Assets65.17B67.99B82.27B135.77B134.25B149.84B139.04B108.97B110.32B
Total Non-Current Assets500.09B529.11B569.33B633.78B703.43B793.76B836.65B933.02B1.01T
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%
Asset Growth %12.75%5.63%9.13%18.1%8.85%12.64%3.4%6.79%7.19%
Return on Assets (ROA)0.88%0.91%0.82%0.53%0.8%0.7%0.52%0.71%0.78%
Accounts Payable4.95B7.27B8.44B8.66B8.85B11.23B13.24B14.13B14.03B
Total Debt167.38B178.39B198.03B218.34B236.05B264.63B281.62B318.65B355.82B
Net Debt151.72B157.7B175.2B146.67B166.78B191.3B218.45B262.62B300.07B
Long-Term Debt65.29B77.86B75.4B79.89B87.94B107.25B116.84B125.1B140.88B
Short-Term Debt102.09B100.52B122.63B136.59B148.11B157.38B164.77B193.55B214.95B
Other Liabilities38.71B38.53B40.61B46.65B51.98B76.96B67.64B56.32B63.15B
Total Current Liabilities426.35B441.42B493.15B595.01B651.9B703.04B734.62B797.05B848.45B
Total Non-Current Liabilities104.02B116.44B116.05B128.43B139.95B184.25B184.53B181.46B204.07B
Total Liabilities534.03B561.98B613.02B728.22B791.85B893.22B922.53B982.98B1.05T
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%
Equity Growth %31.95%12.42%9.86%7.14%10.87%9.93%5.52%10.99%9.16%
Equity / Assets (Capital Ratio)5.53%5.88%5.92%5.37%5.47%5.34%5.45%5.66%5.77%
Return on Equity (ROE)17.12%15.88%13.83%9.49%14.75%12.93%9.66%12.69%13.66%
Book Value per Share37.7739.4943.3046.3450.9055.6358.0262.6668.48
Tangible BV per Share28.8931.0534.9838.2543.1546.8649.1153.8759.58
Common Stock12.55B13.24B13.59B13.91B14.35B14.73B16.08B17.01B17.18B
Additional Paid-in Capital137M136M125M117M110M115M109M159M226M
Retained Earnings16.1B18.54B20.97B22.12B25.79B28.82B30.35B33.47B36.47B
Accumulated OCI452M777M881M1.44B1.07B1.59B1.46B3.15B8.55B
Treasury Stock000000000
Preferred Stock1.8B2.25B2.83B3.58B4.33B4.92B4.92B4.95B1.7B

CM Cash Flow Statement

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

Line itemOct'17Oct'18Oct'19Oct'20Oct'21Oct'22Oct'23Oct'24Oct'25
Cash from Operations2.46B9.87B19.09B60.3B-3.33B22.71B12.15B11.09B-23.34B
Operating CF Growth %-75.94%301.59%93.43%215.91%-105.53%781.72%-46.49%-8.77%-310.54%
Net Income4.72B5.28B5.1B3.79B6.45B6.24B5.04B7.15B8.45B
Depreciation & Amortization542M657M838M1.31B1.02B1.05B1.14B1.17B1.18B
Deferred Taxes21M69M108M-228M-41M-46M-84M-244M-257M
Other Non-Cash Items366M599M1.02B1.72B995M-110M3.75B135M-34.84B
Working Capital Changes-3.2B3.23B11.99B53.69B-11.77B15.56B2.3B2.86B2.1B
Cash from Investing-1.97B-7.99B-18.34B-19.88B-3.51B-24.39B-20.76B-20.75B-5.78B
Purchase of Investments-37.86B-33.01B-42.3B-54.08B-49.9B-70.95B-79.49B-76.53B-98.37B
Sale/Maturity of Investments1000K1000K1000K1000K1000K1000K1000K1000K1000K
Net Investment Activity-37.86B-33.01B-42.3B-54.07B-49.9B-70.95B-79.49B-76.53B-98.37B
Acquisitions-2.52B-315M-25M00-3.08B000
Other Investing000000000
Cash from Financing-501M-993M-1.29B-1.22B-1.95B-1.61B-2.16B-2.61B32.87B
Dividends Paid-1.43B-2.11B-2.41B-2.57B-2.65B-2.97B-2.26B-2.95B-3.99B
Share Repurchases-7M-417M-109M-234M-15M-934M0-423M-3.08B
Stock Issued194M192M158M177M284M229M183M312M162M
Net Stock Activity187M-225M49M-57M269M-705M183M-111M-2.92B
Debt Issuance (Net)-1000K1000K1000K1000K-1000K1000K-1000K1000K-1000K
Other Financing0000000037.15B
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%
Exchange Rate Effect-1000K1000K1000K1000K-1000K1000K1000K1000K1000K
Cash at Beginning3.5B3.44B4.38B3.84B43.53B34.57B31.54B20.82B8.56B
Cash at End3.44B4.38B3.84B43.53B34.57B31.54B20.82B8.56B12.38B
Interest Paid4.53B7.24B10.01B6.72B3.7B8.31B29.67B38.04B33.98B
Income Taxes Paid2.2B1.65B1.55B39M1.37B2.58B1.66B2.51B3.23B
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%
FCF Growth %-73.53%261.63%91.04%226.67%-106.95%618.01%-48.44%-10.24%-344.56%

CM Banking Ratios

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

Metric2016201720182019202020212022202320242025
Return on Equity (ROE)18.91%17.12%15.88%13.83%9.49%14.75%12.93%9.66%12.69%13.66%
Return on Assets (ROA)0.89%0.88%0.91%0.82%0.53%0.8%0.7%0.52%0.71%0.78%
Net Interest Margin1.67%1.59%1.69%1.62%1.44%1.37%1.34%1.31%1.31%1.41%
Efficiency Ratio46.11%44.73%40.37%37.44%44.88%49.39%40.98%25.8%22.43%25.37%
Equity / Assets4.72%5.53%5.88%5.92%5.37%5.47%5.34%5.45%5.66%5.77%
Book Value / Share29.937.7739.4943.346.3450.955.6358.0262.6668.48
NII Growth5.7%7.3%12.12%4.83%4.67%3.76%10.32%1.46%6.78%15.14%
Dividend Payout41.01%30.33%40.04%47.21%67.84%41.2%47.78%45.21%41.42%47.37%

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 $8.43B 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 2.78%. 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.

Explore More CM

Canadian Imperial Bank of Commerce (CM) financial analysis — history, returns, DCA and operating performance tools

Full CM Stock Analysis

Analyst verdict, bull/bear case, risk factors and peer comparison

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Total Return Calculator

Historical returns with dividends reinvested

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DCA Calculator

Dollar cost averaging vs lump sum

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Dividend History

Yield, growth, payout safety & DRIP

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Earnings History

EPS trends, net income & profitability

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Price History

Long-term charts & historical price data

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Revenue History

Sales growth patterns & revenue breakdown

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Financial Ratios

30 years of market, efficiency and balance-sheet ratios

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Valuation

DCF intrinsic value, peer multiples & estimates

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