(Toronto) CIBC’s fourth-quarter net income jumped 25% year-over-year: from $1.185 billion, or $1.26 per diluted share, in fiscal 2022 to $1.483 billion, or $1.53 $ per diluted share this year.
During the same period, adjusted net income increased 16%, from $1.308 billion, or $1.39 per diluted share, to $1.52 billion, or $1.57 per diluted share.
Revenue increased from 5.388 billion to 5.844 billion.
Alongside the presentation of its results, CIBC declares a dividend of $0.90 per common share for the quarter ending January 31, 2024, an increase of $0.03 per share compared to the previous quarter. This dividend will be paid on January 29.
Company cited in this dispatch: CIBC Bank (TSX: CM)