CIBC Caribbean’s Profit Grows 3%

For the year ended October 31, 2024, the bank reported net income of $277.5 million, up $7.6 million or 3% from prior year’s net income of $269.9 million. Adjusted net income was $285.2 million, after excluding net expenses of $7.7 million related to the previously announced divestitures, compared with adjusted net income of $267.0 million at the end of 2023.