CIBC (CM) AGM 2026 summary

Opening remarks and agenda

• The meeting opened with an Indigenous land acknowledgment and a focus on inclusion and diversity initiatives.

• The agenda included financial statement presentation, CEO remarks, director elections, auditor appointment, executive compensation, amendments to stock option plan and bylaws, shareholder proposals, and voting outcomes.

Financial performance review

• Fiscal 2025 saw adjusted net earnings of CAD 8.5 billion and EPS of CAD 8.61, up 17% and 16% respectively.

• Revenue reached CAD 29.1 billion, up 14%, with Q1 2026 showing record revenue and 23% net income growth year-over-year.

• Return on equity was 17.4%, marking the seventh consecutive quarter of year-over-year growth.

Board and executive committee updates

• The board recognized the outgoing CEO for 11 years of service and welcomed the new CEO.

• Thirteen directors were nominated and elected for the coming year.