Canadian Imperial Bank of Commerce (Canadian Imperial Bank of Commerce) Credit Losses Provision : $1,712 Mil (As of Jan. 2024)

View and export this data going back to 1997. Start your Free Trial

What is Canadian Imperial Bank of Commerce Credit Losses Provision?

Canadian Imperial Bank of Commerce's credit losses provision for the three months ended in Jan. 2024 was $436 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Jan. 2024 was $1,712 Mil.

Canadian Imperial Bank of Commerce's quarterly credit losses provision declined from Jul. 2023 ($557 Mil) to Oct. 2023 ($395 Mil) but then increased from Oct. 2023 ($395 Mil) to Jan. 2024 ($436 Mil).

Canadian Imperial Bank of Commerce's annual credit losses provision increased from Oct. 2021 ($127 Mil) to Oct. 2022 ($703 Mil) and increased from Oct. 2022 ($703 Mil) to Oct. 2023 ($1,466 Mil).

Canadian Imperial Bank of Commerce Credit Losses Provision Historical Data

The historical data trend for Canadian Imperial Bank of Commerce's Credit Losses Provision can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Canadian Imperial Bank of Commerce Credit Losses Provision Chart

Canadian Imperial Bank of Commerce Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Credit Losses Provision

Get a 7-Day Free Trial

975.06

1,883.04

127.07

703.49

1,465.87

Canadian Imperial Bank of Commerce Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Credit Losses Provision	Get a 7-Day Free Trial															219.79	324.83	557.11	394.55	435.82

Canadian Imperial Bank of Commerce Credit Losses Provision Calculation

For each period of operations, banks may reserve a portion of their income to cover the possible non-performing loans. The amount of the Credit Losses Provision is dependent on the management's estimate of the load quality they have. The higher Credit Losses Provision is, the lower banks' reported income in. This does not affect banks' cash flow statement.

Credit Losses Provision for the trailing twelve months (TTM) ended in Jan. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $1,712 Mil.

Canadian Imperial Bank of Commerce (Canadian Imperial Bank of Commerce) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Canadian Imperial Bank of Commerce (NYSE:CM) » Definitions » Credit Losses Provision

Comparable Companies

Traded in Other Exchanges

CAI:Germany CAI:Germany CM.PR.Y.PFD:Canada CM.PR.T.PFD:Canada CM.PR.S.PFD:Canada CM.PR.Q.PFD:Canada CM.PR.P.PFD:Canada CM.PR.O.PFD:Canada CM:Canada

Address

81 Bay Street, CIBC Square, Toronto, ON, CAN, M5J 0E7

Website

https://www.cibc.com

Canadian Imperial Bank of Commerce is Canada's fifth-largest bank and operates three business segments: retail and business banking, wealth management, and capital markets. It serves approximately 11 million personal banking and business customers, primarily in Canada.