# Canadian Imperial Bank of Commerce

Summary updated: 2026-10-04T09:45:58.565959Z
Canonical: https://finbar.com/research/companies/canadian-imperial-bank-of-commerce

## Overview

Canadian Imperial Bank of Commerce (CIBC) is a diversified financial institution focused on banking and financial services for personal, business, public-sector and institutional clients. Its principal markets are Canada and the United States, while it also serves clients internationally. CIBC’s stated purpose is “to help make your ambition a reality.” [1](https://www.cibc.com/en/about-cibc/corporate-profile.html)[2](https://www.cibc.com/en/about-cibc/corporate-profile/quick-facts.html)

Its offerings include deposits, mortgages, personal and business lending, credit cards, commercial banking, wealth and asset management, investment banking and capital markets services. Its main business segments are Canadian Personal and Business Banking; Canadian Commercial Banking and Wealth Management; U.S. Commercial Banking and Wealth Management; Capital Markets; and Corporate and Other. [3](https://app.finbar.com/go?id=P45074927)

For the fiscal year ended October 31, 2025, CIBC reported total revenue of C$29.133 billion. Its Q2 2026 investor fact sheet reported approximately 51,000 employees and 15 million clients. [4](https://app.finbar.com/go?id=P31549255)[5](https://www.cibc.com/content/dam/cibc-public-assets/about-cibc/investor-relations/pdfs/quarterly-results/2026/q226factsheet-en.pdf)
[3](https://app.finbar.com/go?id=P45074927)[4](https://app.finbar.com/go?id=P31549255)[1](https://www.cibc.com/en/about-cibc/corporate-profile.html)[2](https://www.cibc.com/en/about-cibc/corporate-profile/quick-facts.html)[5](https://www.cibc.com/content/dam/cibc-public-assets/about-cibc/investor-relations/pdfs/quarterly-results/2026/q226factsheet-en.pdf)

## Products & services

CIBC offers personal banking products including chequing and savings accounts, mortgages, personal loans, credit cards and insurance. Named card offerings include Aventura travel rewards, Dividend cash back and Costco Mastercard. CIBC Smart Account includes unlimited transactions and Interac e-Transfers; its eAdvantage Savings Account offers AutoSave. [6](https://www.cibc.com/en/personal-banking/bank-accounts.html)[7](https://www.cibc.com/en/personal-banking/credit-cards.html)[8](https://www.cibc.com/en/personal-banking/mortgages.html)[9](https://www.cibc.com/en/personal-banking/loans-and-lines-of-credit.html)[10](https://www.cibc.com/en/personal-banking/bank-accounts/chequing-accounts/smart-account.html)[11](https://www.cibc.com/en/personal-banking/bank-accounts/savings-accounts/eadvantage-high-interest-savings-account.html)

For businesses, CIBC provides operating, savings and U.S.-dollar accounts, loans and credit lines, cash-management services, payables and receivables solutions, and merchant card processing for in-person, online and telephone transactions. Wealth offerings include asset management, private wealth management and brokerage; customer-facing services include Imperial Service financial planning and Investor’s Edge self-directed investing. [3](https://app.finbar.com/go?id=P45074927)[12](https://www.cibc.com/en/business/accounts.html)[13](https://www.cibc.com/en/business/loans-and-lines-of-credit.html)[14](https://www.cibc.com/en/business/cash-management.html)[15](https://www.cibc.com/en/business/merchant-services.html)[16](https://www.cibc.com/en/imperial-service.html)[17](https://www.investorsedge.cibc.com/en/home.html)

CIBC Capital Markets provides corporate banking, global markets and investment banking, including debt and equity capital markets, M&A advisory, corporate lending and syndicated loans, transaction banking, cash management and trade finance. [3](https://app.finbar.com/go?id=P45074927)[18](https://cibccm.com/en/expertise/global-corporate-investment-banking/)

In FY2025, reported revenue by business segment was C$12,031 million for Canadian Personal and Business Banking (41.3% of total), C$6,902 million for Canadian Commercial Banking and Wealth Management (23.7%), C$3,216 million for U.S. Commercial Banking and Wealth Management (11.0%), C$6,148 million for Capital Markets (21.1%), and C$836 million for Corporate and Other (2.9%). These are segment—not individual product—shares of total revenue. [19](https://app.finbar.com/go?id=T3060166)
[3](https://app.finbar.com/go?id=P45074927)[19](https://app.finbar.com/go?id=T3060166)[6](https://www.cibc.com/en/personal-banking/bank-accounts.html)[7](https://www.cibc.com/en/personal-banking/credit-cards.html)[8](https://www.cibc.com/en/personal-banking/mortgages.html)[9](https://www.cibc.com/en/personal-banking/loans-and-lines-of-credit.html)[10](https://www.cibc.com/en/personal-banking/bank-accounts/chequing-accounts/smart-account.html)[11](https://www.cibc.com/en/personal-banking/bank-accounts/savings-accounts/eadvantage-high-interest-savings-account.html)[12](https://www.cibc.com/en/business/accounts.html)[13](https://www.cibc.com/en/business/loans-and-lines-of-credit.html)[14](https://www.cibc.com/en/business/cash-management.html)[15](https://www.cibc.com/en/business/merchant-services.html)[16](https://www.cibc.com/en/imperial-service.html)[17](https://www.investorsedge.cibc.com/en/home.html)[18](https://cibccm.com/en/expertise/global-corporate-investment-banking/)

## Geographic presence

CIBC is headquartered in Toronto and its principal operating markets are Canada and the United States, with broader international activity through Capital Markets; the company describes its client base as spanning Canada, the U.S. and markets around the world. [20](https://app.finbar.com/go?id=P9956943)

For FY2025, CIBC reported revenue by business unit rather than as a full country-by-country breakdown. Canadian Personal and Business Banking generated C$12.031 billion and Canadian Commercial Banking and Wealth Management C$6.902 billion—about 65.0% of consolidated revenue of C$29.133 billion combined. The U.S. Commercial Banking and Wealth Management unit generated C$3.216 billion, about 11.0%. Capital Markets generated C$6.148 billion and includes international banking, so these figures are business-unit proxies, not a complete geographic allocation of revenue. [19](https://app.finbar.com/go?id=T3060166)

CIBC Caribbean reports operations in 10 Caribbean markets: Antigua, The Bahamas, Barbados, the British Virgin Islands, the Cayman Islands, Jamaica, St. Kitts and Nevis, St. Lucia, Trinidad and Tobago, and Turks and Caicos. Its 2025 group report cites approximately 2,700 employees and 42 branches and offices across the region. [21](https://www.cibccaribbean.com/locations) [22](https://www.cibccaribbean.com/binaries/content/assets/annual-reports/2025/cibccaribbean-group-ar-2025.pdf)
[20](https://app.finbar.com/go?id=P9956943)[19](https://app.finbar.com/go?id=T3060166)[19](https://app.finbar.com/go?id=T3060166)[19](https://app.finbar.com/go?id=T3060166)[19](https://app.finbar.com/go?id=T3060166)[19](https://app.finbar.com/go?id=T3060166)[21](https://www.cibccaribbean.com/locations)[22](https://www.cibccaribbean.com/binaries/content/assets/annual-reports/2025/cibccaribbean-group-ar-2025.pdf)

## Business segments

CIBC’s latest reported structure in its Q3 2026 interim results comprises four strategic business units. For the nine months ended July 31, 2026, the shares below are each segment’s portion of consolidated revenue and net income, respectively. Canadian Personal and Business Banking focuses on deposits, residential mortgages, personal loans, credit cards, business lending and insurance; it represented 39.6% of revenue and 34.5% of net income. Canadian Commercial Banking and Wealth Management covers commercial banking, full-service brokerage, asset management and private wealth management, representing 23.7% of revenue and 23.6% of net income. [20](https://app.finbar.com/go?id=P9956943)[3](https://app.finbar.com/go?id=P45074927)[23](https://app.finbar.com/go?id=T18550531)

U.S. Commercial Banking and Wealth Management encompasses commercial banking, asset management, private wealth management, and personal and small-business banking; it contributed 10.3% of revenue and 11.0% of net income. Capital Markets includes corporate banking, global markets and investment banking, and contributed 23.1% of revenue and 30.0% of net income. [3](https://app.finbar.com/go?id=P45074927)[23](https://app.finbar.com/go?id=T18550531)

Corporate and Other is reported separately from the four strategic business units. It includes international banking, investment portfolios, joint ventures and functional or support groups, and accounted for 3.2% of revenue and 0.9% of net income over the same period. CIBC has announced that planned internal reporting changes will combine Canadian and U.S. commercial banking and, separately, Canadian and U.S. wealth management into new units; the four-unit breakdown above is the latest reported structure, and prior periods are to be restated. [3](https://app.finbar.com/go?id=P45074927)[23](https://app.finbar.com/go?id=T18550531)[24](https://app.finbar.com/go?id=P159919015)
[20](https://app.finbar.com/go?id=P9956943)[3](https://app.finbar.com/go?id=P45074927)[23](https://app.finbar.com/go?id=T18550531)[24](https://app.finbar.com/go?id=P159919015)

## Company history

The Canadian Bank of Commerce opened in Toronto in 1867, and the Imperial Bank of Canada opened there in 1875. The two banks merged on June 1, 1961, forming the Canadian Imperial Bank of Commerce (CIBC). [25](https://www.cibc.com/content/dam/about_cibc/corporate_profile/cibc150-short-story-en.pdf)[26](https://www.cibc.com/en/about-cibc/corporate-profile/history.html)

CIBC expanded its services and reach over the following decades: its history timeline records an in-house investment dealer in 1987 and the launch of PC Banking in 1996. In 2002, it combined its Caribbean operations with Barclays’ regional operations to form FirstCaribbean International Bank, becoming the majority shareholder in 2006. [27](https://www.cibc.com/content/dam/about_cibc/investor_relations/pdfs/quarterly_results/2017/ar-17-en.pdf)[28](https://www.cibc.com/content/dam/about_cibc/investor_relations/pdfs/annual_reports/1999-2009/annual-info-form-03.pdf)[25](https://www.cibc.com/content/dam/about_cibc/corporate_profile/cibc150-short-story-en.pdf)

In 2013, CIBC completed its acquisition of Atlantic Trust Private Wealth Management. In 2017, it completed the acquisition of U.S. bank PrivateBancorp, later rebranding The PrivateBank as CIBC; that year, Simplii Financial also launched as CIBC’s direct-banking brand. [29](https://cibc.mediaroom.com/2014-01-06-CIBC-completes-purchase-of-Atlantic-Trust-Private-Wealth-Management-advancing-North-American-growth-strategy-1)[27](https://www.cibc.com/content/dam/about_cibc/investor_relations/pdfs/quarterly_results/2017/ar-17-en.pdf)[30](https://cibc.mediaroom.com/2017-08-16-CIBC-launches-new-direct-banking-brand-through-Simplii-Financial)
[25](https://www.cibc.com/content/dam/about_cibc/corporate_profile/cibc150-short-story-en.pdf)[26](https://www.cibc.com/en/about-cibc/corporate-profile/history.html)[27](https://www.cibc.com/content/dam/about_cibc/investor_relations/pdfs/quarterly_results/2017/ar-17-en.pdf)[28](https://www.cibc.com/content/dam/about_cibc/investor_relations/pdfs/annual_reports/1999-2009/annual-info-form-03.pdf)[29](https://cibc.mediaroom.com/2014-01-06-CIBC-completes-purchase-of-Atlantic-Trust-Private-Wealth-Management-advancing-North-American-growth-strategy-1)[30](https://cibc.mediaroom.com/2017-08-16-CIBC-launches-new-direct-banking-brand-through-Simplii-Financial)

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3. [Canadian Imperial Bank of Commerce — Full financial report (2025 Y), p66](https://app.finbar.com/go?id=P45074927)
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30. [cibc.mediaroom.com](https://cibc.mediaroom.com/2017-08-16-CIBC-launches-new-direct-banking-brand-through-Simplii-Financial)

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