Large Bank Examination Workshop February 2026

Management’s discussion and analysis

Restrictions on the flow of funds Our subsidiaries are not subject to significant restrictions that would prevent transfers of funds, dividends or capital distributions. However, certain subsidiaries have different capital and liquidity requirements, established by applicable banking and securities regulators. We monitor and manage our capital and liquidity requirements across these entities to ensure that resources are used efficiently and entities are in compliance with local regulatory and policy requirements. Liquidity coverage ratio The objective of the LCR is to promote short-term resilience of a bank’s liquidity risk profile, ensuring that it has adequate unencumbered high quality liquid resources to meet its liquidity needs in a 30-day acute stress scenario. Canadian banks are required by OSFI to achieve a minimum LCR value of 100%. We are in compliance with this requirement. In accordance with the calibration methodology contained in OSFI’s LAR Guideline, we report the LCR to OSFI on a monthly basis. The ratio is calculated as the total of unencumbered HQLA over the total net cash outflows in the next 30 calendar days. The LCR’s numerator consists of unencumbered HQLA, which follow an OSFI-defined set of eligibility criteria that considers fundamental and market-related characteristics, and the relative ability to operationally monetize assets on a timely basis during a period of stress. Our centrally managed liquid asset portfolio includes those liquid assets reported in the HQLA, such as central government treasury bills and bonds, central bank deposits and high-rated sovereign, agency, provincial, and corporate securities. Asset eligibility limitations inherent in the LCR metric do not necessarily reflect our internal assessment of our ability to monetize our marketable assets under stress. The ratio’s denominator reflects net cash outflows expected in the LCR’s stress scenario over the 30-calendar-day period. Expected cash outflows represent LCR-defined withdrawal or draw-down rates applied against outstanding liabilities and off-balance sheet commitments, respectively. Significant contributors to our LCR outflows include business and financial institution deposit run-off, draws on undrawn lines of credit and unsecured debt maturities. Cash outflows are partially offset by cash inflows, which are calculated at OSFI-prescribed LCR inflow rates, and include performing loan repayments and maturing non-HQLA marketable assets. During a period of financial stress, institutions may use their stock of HQLA, thereby falling below 100%, as maintaining the LCR at 100% under such circumstances could produce undue negative effects on the institution and other market participants. The LCR is calculated and disclosed using a standard OSFI-prescribed template.

Total unweighted value (1) Total weighted value (2)

$ millions, average of the three months ended October 31, 2024

HQLA 1

n/a

$ 198,395

HQLA

Cash outflows 2

$ 217,314

16,613

Retail deposits and deposits from small business customers, of which:

98,592 118,722 247,312 115,421 104,552 27,339

2,958

3 4 5 7 8 9

Stable deposits

13,655 115,253 27,718 60,196 27,339 23,356 37,764

Less stable deposits

Unsecured wholesale funding, of which: (3)

6 Operational deposits (all counterparties) and deposits in networks of cooperative banks

Non-operational deposits (all counterparties)

Unsecured debt

n/a

Secured wholesale funding

167,772 20,559

10 11 12 13 14 15

Additional requirements, of which:

7,838 4,805

Outflows related to derivative exposures and other collateral requirements

4,805

Outflows related to loss of funding on debt products

142,408

25,121

Credit and liquidity facilities

3,319

2,666 8,644

Other contractual funding obligations Other contingent funding obligations

429,972

n/a

204,296

16

Total cash outflows

Cash inflows 17

121,604 21,961 15,455

24,172 11,180 15,455

Secured lending (e.g. reverse repos) Inflows from fully performing exposures

18 19

Other cash inflows

$ 159,020

$ 50,807 Total adjusted value

20

Total cash inflows

n/a n/a n/a

$ 198,395 $ 153,489

21 22 23

Total HQLA

Total net cash outflows

129%

LCR

Total adjusted value

$ millions, average of the three months ended July 31, 2024

24 25 26

Total HQLA

n/a n/a n/a

$ 187,428 $ 148,338

Total net cash outflows

LCR 126% (1) Unweighted inflow and outflow values are calculated as outstanding balances maturing or callable within 30 days of various categories or types of liabilities, off-balance sheet items or contractual receivables. (2) Weighted values are calculated after the application of haircuts (for HQLA) and inflow and outflow rates prescribed by OSFI. (3) In the first quarter of 2024, we implemented the changes related to the treatment of high-interest savings account exchange-traded funds as unsecured wholesale funding sources. n/a Not applicable as per the LCR common disclosure template. Our average LCR as at October 31, 2024, increased to 129% from 126% in the prior quarter, due to higher HQLA, partially offset by an increase in net cash outflows. The increase in total HQLA compared to the prior quarter mainly reflects an increase in average deposits and wholesale funding. Furthermore, we report the LCR to OSFI in multiple currencies, thus measuring the extent of potential currency mismatch under the ratio. CIBC predominantly operates in major currencies with deep and fungible foreign exchange markets.

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CIBC 2024 ANNUAL REPORT