Canadian Imperial Bank Q3 Profit Rises - Quick Facts

(RTTNews) - Canadian Imperial Bank of Commerce or CIBC (CM.TO, CM) reported a rise in its third-quarter net income attributable to equity shareholders to C$918 million or C$2.26 per share from C$877 million or C$2.13 per share. Excluding certain items, earnings per share for the quarter was C$2.23. On average, 15 analysts polled by Thomson Reuters expected the company to report earnings of C$2.21 per share for the quarter. Analysts' estimates typically exclude special items. Total revenues rose to C$3.35 billion from C$3.24 billion a year ago. Net interest income edged down to C$1.87 billion from C$1.88 billion last year, while non-interest income increased to C$1.48 billion from C$1.36 billion last year. Analysts estimated revenues of C$3.32 billion.

Further, CIBC declared a quarterly dividend of C$1.00 per share, payable on October 28, to shareholders on record September 29.