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.

Canadian Imperial Bank of Commerce stock price

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