Canadian Imperial Bank of Commerce

CIBC HQ, Toronto

Canadian Imperial Bank of Commerce (CIBC), headquartered in Toronto, is one of the leading financial institutions in North America. The Bank has approximately 990 domestic branches (banking centres), 3,000 ATMs, 48,500 employees and over 14 million customers. It operates through the following business lines: Canadian Personal & Business Banking, Canadian Commercial Banking & Wealth Management, U.S. Commercial Banking & Wealth Management and Capital Markets. CIBC was the first major Canadian bank to offer mobile cash management App for iPhone and BlackBerry smartphone. In 2019, CIBC acquired Milwaukee-based boutique investment bank Cleary Gull and St. Louis-based private wealth manager Lowenhaupt Global Advisors. As of October 31, 2024, Canadian Imperial Bank of Commerce reported total assets of C$1.04 trillion, deposits of C$765 billion, loans of C$559 billion and common shareholders' equity of C$54 billion. Assets under management (AUM) and assets under administration (AUA) were C$383 billion and C$3.6 trillion, respectively. The company’s shares are traded on the Toronto Stock Exchange (TSX) and the New York Stock Exchange (NYSE), with a market capitalization of US$58 billion as of February 4, 2025. Canadian Imperial Bank of Commerce was formed in 1961 through the merger of The Canadian Bank of Commerce (est. 1867) and the Imperial Bank of Canada (est. 1875). Today, CIBC is one of the five safest banks in North America, according to Global Finance.

CIBC by numbers (2024):
Revenue: C$25.6 B
Net income: C$7.2 B
Number of customers: 14 million
Number of employees: 48,525
Number of branches: 990+
Number of ATMs: 3,018

Credit Ratings (Senior debt)
Moody's: A2
Fitch: AA-
DBRS: AA (low)
Standard & Poor's: A-
Ratings as of January 2025