Doug Young

Ebrahim Poonawala

Gabriel Dechaine

Lemar Persaud

Mario Mendonca

John Aiken

Sohrab Movahedi

Shalabh Garg

Meny Grauman

Mike Rizvanovic

Darko Mihelic

Mike [indiscernible]

Nigel D'Souza

- CANADIAN IMPERIAL BANK OF COMMERCE reported strong Q3 2025 financial results, with **net income of $2.1 billion**, up **11%** year-over-year, and adjusted earnings per share of **$2.16**, up **12%**.  **[1045520_tx_322353_1]** **[1045520_tx_322353_3]**  The bank achieved its **eighth consecutive quarter of positive operating leverage** and an adjusted return on equity (ROE) of **14.2%**, marking the fifth consecutive quarter of year-over-year ROE improvement.  **[1045520_tx_322353_1]** **[1045520_tx_322353_3]** 
- The bank maintained a robust capital position with a **CET1 ratio of 13.4%** and repurchased **5.5 million common shares** during the quarter, completing its normal course issuer bid (NCIB) for 20 million shares.  **[1045520_tx_322353_1]** **[1045520_tx_322353_3]** **[1045520_tx_322353_7]**  A new NCIB for **2%** of outstanding common shares has been announced.  **[1045520_tx_322353_1]** 
- Credit portfolios performed well, with total provisions for credit losses at **$559 million** in Q3 2025, and the gross impaired loan ratio decreased to **56 basis points**.  **[1045520_tx_322353_6]**  The bank expects margins to continue to move gradually higher and remains focused on achieving its **ROE target of 15% plus** over the medium term.  **[1045520_tx_322353_3]** **[1045520_tx_322353_8]** **[1045520_tx_322353_11]** 
- CEO Victor Dodig announced that this was his final earnings call, with Harry Cullum set to take over as CEO on **November 1**.  **[1045520_tx_322353_1]**

CANADIAN IMPERIAL BANK OF COMMERCE Reports Strong Q3 2025 Results and Announces CEO Transition

CANADIAN IMPERIAL BANK OF COMMERCE /CAN/ (CM)