Edition:
United Kingdom

Canadian Imperial Bank Of Commerce Reports Qtrly Adj Diluted EPS Of $3.01


Thursday, 28 Feb 2019 

Feb 28 (Reuters) - Canadian Imperial Bank of Commerce ::CIBC ANNOUNCES FIRST QUARTER 2019 RESULTS.QTRLY REPORTED DILUTED EARNINGS PER SHARE (EPS) $2.60.QTRLY ADJUSTED DILUTED EPS $3.01.CIBC ANNOUNCED AN INCREASE IN ITS QUARTERLY COMMON SHARE DIVIDEND FROM $1.36 PER SHARE TO $1.40 PER SHARE.QTRLY COMMON EQUITY TIER 1 RATIO 11.2% VERSUS 10.8%.QTRLY ADJUSTED ROE 16.0% VERSUS 18.8%.QTRLY PROVISION FOR CREDIT LOSSES WAS $338 MILLION, UP $185 MILLION OR 121% FROM Q1 A YEAR AGO.Q1 EARNINGS PER SHARE VIEW C$3.08 -- REFINITIV IBES DATA.RESULTS FOR Q1 OF 2019 WERE AFFECTED BY SOME ITEMS OF NOTE AGGREGATING TO A NEGATIVE IMPACT OF $0.41 PER SHARE.CIBC ANNOUNCED AN INCREASE IN ITS QUARTERLY COMMON SHARE DIVIDEND FROM $1.36 PER SHARE TO $1.40 PER SHARE..QTRLY PROVISION FOR CREDIT LOSSES WAS $338 MILLION, UP $185 MILLION OR 121% FROM Q1 A YEAR AGO.ALL AMOUNTS ARE IN CANADIAN DOLLARS.CANADIAN IMPERIAL BANK - U.S. COMMERCIAL BANKING AND WEALTH MANAGEMENT REPORTED NET INCOME OF $168 MILLION FOR THE FIRST QUARTER, UP $34 MILLION.CANADIAN IMPERIAL BANK - CAPITAL MARKETS REPORTED NET INCOME OF $201 MILLION FOR THE FIRST QUARTER, DOWN $121 MILLION.