CIBC Q4 Profit Tops Estimates - Quick Facts

(RTTNews) - Canadian Imperial Bank of Commerce (CM.TO, CM) reported fourth-quarter net income to equity shareholders of C$776 million, compared to C$809 million, a year ago. Earnings per share was C$1.93, compared to C$1.98. Adjusted earnings per share was C$2.36, for the quarter.

On average, 14 analysts polled by Thomson Reuters expected the company to report profit per share of C$2.34 for the quarter. Analysts' estimates typically exclude special items.

Net interest income was C$2.04 billion compared to C$1.88 billion, previous year. Total revenue rose to C$3.48 billion from C$3.21 billion. Analysts expected revenue of C$3.58 billion for the quarter.

CIBC announced a quarterly dividend increase of 3 cents per common share to C$1.15 per share.