Canadian Imperial Bank of Commerce (NYSE:CM) Issues Quarterly Earnings Results, Beats Expectations By $0.25 EPS

Canadian Imperial Bank of Commerce (NYSE:CM) (TSE:CM) released its quarterly earnings results on Thursday. The bank reported $1.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.74 by $0.25, Zacks reports. The business had revenue of $6.16 billion during the quarter, compared to the consensus estimate of $5.53 billion. Canadian Imperial Bank of Commerce had a return on equity of 15.83% and a net margin of 15.15%.The firm’s quarterly revenue was up 15.3% on a year-over-year basis. During the same period in the previous year, the company posted $2.20 EPS.

Here are the key takeaways from Canadian Imperial Bank of Commerce’s conference call:

• Management reported a strong quarter with adjusted EPS CAD 2.76 (+25% YoY), revenues of CAD 8.4B (+15%), adjusted net income of CAD 2.7B (+23%), ROE 17.4% and the 10th consecutive quarter of positive operating leverage.
• Revenue growth was broad-based — record results across business units led by Capital Markets (revenues +28%, net income +42%), while Canadian Commercial and Wealth businesses also posted strong volume and fee growth.
• Credit remained generally resilient but showed signs of stress: Q1 provisions of CAD 568M (down QoQ) and allowance coverage of 79 bps, while impaired provisions rose in parts of Commercial Banking and consumer delinquencies/credit-card write-offs increased modestly.
• The bank is accelerating tech and AI investments (revenue, efficiency, risk pillars), citing the Cortex platform which drove a noted 44% conversion uplift on targeted savings/deposit offers and frontline productivity gains.
• Capital management was active and shareholder-friendly — roughly 78% of earnings returned via dividends plus repurchases (8M shares), CET1 at 13.4% and a disclosed ~30 bps CET1 boost expected in Q2 from operational risk-weight changes.

Canadian Imperial Bank of Commerce Price Performance

Shares of NYSE CM traded down $2.77 during trading hours on Friday, hitting $100.99. 1,266,221 shares of the stock were exchanged, compared to its average volume of 969,981. The company’s fifty day simple moving average is $94.21 and its two-hundred day simple moving average is $86.32. The company has a market cap of $93.57 billion, a PE ratio of 14.72, a price-to-earnings-growth ratio of 1.35 and a beta of 1.02. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.04 and a current ratio of 1.04. Canadian Imperial Bank of Commerce has a 1-year low of $53.62 and a 1-year high of $105.00.

Canadian Imperial Bank of Commerce Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 28th. Investors of record on Friday, March 27th will be given a dividend of $1.07 per share. The ex-dividend date is Friday, March 27th. This represents a $4.28 annualized dividend and a dividend yield of 4.2%. Canadian Imperial Bank of Commerce’s dividend payout ratio (DPR) is currently 45.34%.

Institutional Investors Weigh In On Canadian Imperial Bank of Commerce

A number of large investors have recently modified their holdings of the business. Parallel Advisors LLC raised its holdings in shares of Canadian Imperial Bank of Commerce by 3.5% during the 3rd quarter. Parallel Advisors LLC now owns 3,404 shares of the bank’s stock worth $272,000 after buying an additional 116 shares in the last quarter. Brown Advisory Inc. boosted its stake in Canadian Imperial Bank of Commerce by 2.6% in the second quarter. Brown Advisory Inc. now owns 6,277 shares of the bank’s stock valued at $445,000 after buying an additional 160 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in Canadian Imperial Bank of Commerce by 12.0% in the second quarter. EverSource Wealth Advisors LLC now owns 1,801 shares of the bank’s stock valued at $128,000 after acquiring an additional 193 shares during the last quarter. Vident Advisory LLC raised its stake in Canadian Imperial Bank of Commerce by 4.6% during the third quarter. Vident Advisory LLC now owns 4,644 shares of the bank’s stock worth $371,000 after acquiring an additional 204 shares in the last quarter. Finally, Larson Financial Group LLC lifted its holdings in shares of Canadian Imperial Bank of Commerce by 119.7% in the third quarter. Larson Financial Group LLC now owns 402 shares of the bank’s stock worth $32,000 after acquiring an additional 219 shares during the last quarter. Institutional investors and hedge funds own 49.88% of the company’s stock.

More Canadian Imperial Bank of Commerce News

Here are the key news stories impacting Canadian Imperial Bank of Commerce this week:

• Positive Sentiment: CIBC reported a very strong Q1: adjusted EPS $2.76 vs. consensus $1.74 and revenue of $6.16B (vs. ~$5.53B est.), with revenue up ~15% YoY — results point to broad-based business-line growth and margin strength, a direct catalyst for upward revisions to earnings and valuation. CIBC Q1 press release/slide deck
• Positive Sentiment: The board declared a quarterly common dividend of $1.07 per share (annualized yield ~4.2%) with an ex-dividend/record schedule — supports income investors and signals management confidence in cash flow and capital. (Dividend announcement 2/25)
• Positive Sentiment: Multiple outlets highlight “record revenue” and stronger profit growth across divisions, reinforcing the beat as not one-off but business-wide momentum that can support higher target prices. CIBC earnings top estimates
• Neutral Sentiment: Management’s full earnings presentation is available for review — useful for investors who want detail on segment trends, reserve guidance and capital plans before adjusting models. Q1 earnings call presentation
• Neutral Sentiment: Analyst/press pieces emphasizing CIBC as an attractive dividend stock and reviews of historical returns provide context for income-focused investors but are less likely to move the stock immediately. Why CIBC is a great dividend stock
• Neutral Sentiment: Look-back pieces on 5‑year returns offer long-term performance context but are unlikely to change near-term trading. 5‑year return analysis

Analyst Ratings Changes

A number of brokerages have recently issued reports on CM. Weiss Ratings reissued a “buy (b)” rating on shares of Canadian Imperial Bank of Commerce in a research report on Wednesday, January 21st. Zacks Research cut shares of Canadian Imperial Bank of Commerce from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 3rd. Raymond James Financial initiated coverage on shares of Canadian Imperial Bank of Commerce in a research report on Tuesday, November 25th. They set a “market perform” rating on the stock. Barclays raised shares of Canadian Imperial Bank of Commerce from an “underweight” rating to an “overweight” rating in a report on Thursday, February 19th. Finally, Wall Street Zen upgraded Canadian Imperial Bank of Commerce from a “sell” rating to a “hold” rating in a research note on Monday, November 3rd. Five investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $107.50.

Canadian Imperial Bank of Commerce Company Profile

Canadian Imperial Bank of Commerce (NYSE: CM), commonly known as CIBC, is a major Canadian financial institution headquartered in Toronto. Formed in 1961 through the merger of the Canadian Bank of Commerce and the Imperial Bank of Canada, CIBC is one of Canada’s largest banks and provides a broad range of banking and financial services to retail, small business, commercial and institutional clients.

CIBC’s activities span personal and business banking, wealth management, capital markets and corporate banking.