Banking giant lifts dividend after profit climb
Canadian Imperial Bank of Commerce closed out fiscal 2025 with higher profit and a bigger dividend.
CIBC reported fourth quarter net income of $2.18 billion, up from $1.88 billion a year earlier, with diluted earnings per share rising to $2.20 from $1.90.
Revenue climbed 14% to $7.58 billion, while provisions for credit losses increased to $605 million from $419 million as the bank set aside more for potential loan losses.
On an adjusted basis, earnings of $2.21 per share topped the $2.08 consensus estimate.
The bank also approved a 10 cent increase to its quarterly common share dividend, to $1.07 per share for the quarter ending January 31, 2026.
“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.
“In a dynamic operating environment, our proactive and disciplined approach to managing our business, our resilient capital position and our deep client relationships supported robust growth while maintaining strong credit quality,” he said.
For the full year, CIBC reported net income of $8.5 billion, up from $7.2 billion in 2024, with adjusted pre-provision, pre-tax earnings rising to $13.3 billion from $11.3 billion.
The bank reported a Common Equity Tier 1 ratio of 13.3% and a liquidity coverage ratio of 132%, underscoring its focus on balance sheet strength.
Across its main operating units, CIBC reported year over year net income gains, led by a 40% increase in capital markets and a 62% rise in adjusted earnings from US commercial banking and wealth management.
Canadian personal and business banking and Canadian commercial banking and wealth management also posted mid single to low double digit profit growth.
The latest quarter extended a run of stronger results that had already seen CIBC’s first quarter profits swell to $2.17 billion and revenue reach $7.28 billion, with adjusted earnings of $2.20 per share beating analyst estimates.
The Big Six, including BMO, TD Bank, RBC, Scotiabank, and National Bank also released their Q4 earnings report.
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