Canada's CIBC Q1 revenue beats on loan growth

Canadian Imperial Bank of Commerce

26/02/2026 10:33

Overview

Canada bank's Q1 revenue rose 15%, beating analyst expectations

Adjusted EPS for Q1 beat analyst expectations

Adjusted net income for Q1 beat analyst expectations

Outlook

Company did not provide specific guidance for future quarters or full year

Result Drivers

CANADIAN PERSONAL AND BUSINESS BANKING - Higher net interest margin and loan growth drove revenue increase, partially offset by higher expenses

CANADIAN COMMERCIAL BANKING AND WEALTH MANAGEMENT - Revenue rose due to volume growth and higher net interest margin, offset by higher expenses

CAPITAL MARKETS - Higher trading and underwriting revenue contributed to growth, despite increased expenses

Company press release: ID:nCNW3ZltKa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
C$8.40 bln
C$7.69 bln (10 Analysts)
Q1 Adjusted EPS
Beat
C$2.76
C$2.40 (13 Analysts)
Q1 EPS
C$3.21
Q1 Adjusted Net Income
Beat
C$2.69 bln
C$2.23 bln (11 Analysts)
Q1 Net Income
C$3.10 bln
Q1 Adjusted ROE
17.40%
Q1 CET1 Capital Ratio
13.40%
Q1 Provision for Credit Losses
C$568 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "strong buy" or "buy", 7 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the banks peer group is "buy"

Wall Street's median 12-month price target for Canadian Imperial Bank of Commerce is C$136.00, about 1.3% below its February 25 closing price of C$137.85

The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 13 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)