Doug Young

Ebrahim Poonawala

Gabriel Dechaine

Mario Mendonca

Lemar Persaud

John Aiken

Sohrab Movahedi

Shalabh Garg

Darko Mihelic

Meny Grauman

Mike Rizvanovic

Matthew Lee

Mike [indiscernible]

Nigel D'Souza

- CANADIAN IMPERIAL BANK OF COMMERCE /CAN/ (CM) is undergoing a CEO transition, with **Harry Colm** taking over from **Victor Dodig**.  **[1045520_tx_379739_0]** **[1045520_tx_379739_1]** 
- The company has demonstrated strong financial performance, with total shareholder returns near the top of tables on a one, three, five, and ten-year basis, and has set a target for Return on Equity (ROE) of **north of 15%**.  **[1045520_tx_379739_0]** **[1045520_tx_379739_1]** 
- Strategic priorities under the new CEO include a focus on **organic growth**, continued investment in modernization, and flexible capital deployment including **share buybacks** and **tuck-in acquisitions**.  **[1045520_tx_379739_3]** 
- The U.S. business has grown significantly, now contributing **one in every $5** of profits, with wealth management assets now in the **$100 billion zone**.  **[1045520_tx_379739_6]** 
- CM is actively embracing technology and AI, having trained **48,000 team members** in AI, with applications focused on improving efficiency, enhancing defense against fraud, and driving future growth.  **[1045520_tx_379739_8]**

CANADIAN IMPERIAL BANK OF COMMERCE /CAN/ Discusses CEO Transition and Strategic Priorities

- 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