CANADIAN IMPERIAL BANK OF COMMERCE /CAN/ (CM) Form 6-K — May 28, 2026
CIBC reported second quarter 2026 results showing robust growth, with revenue of $8.0 billion up 14% year-over-year and net income of $2.5 billion up 23% year-over-year. The bank delivered adjusted diluted EPS of $2.54, driven by higher net interest margins and volume growth across its Canadian Personal and Business Banking, Commercial Banking, and Capital Markets divisions. In a significant strategic move, CIBC announced an agreement to sell its 91.67% interest in CIBC Caribbean to The Bank of N.T. Butterfield & Son for approximately US$1.6 billion.
Key figures
- Eps
- 2.53
- Revenue
- 8006000000
- Net Income
- 2465000000
- Revenue Yoy
- 14%
- Deal Value Usd
- 1600000000
- Roe
- 16.4%
- Cet1 Ratio
- 13.6%
- Adjusted EPS
- 2.54
- Adjusted Net Income
- 2471000000
- Cibc Caribbean Sale Cash
- 1000000000
- Provision For Credit Losses
- 605000000
- Cibc Caribbean Sale Shares Value
- 645000000
AI analysis
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