CIBC Q1 Profit Decreases - Quick Facts

(RTTNews) - CIBC (CM.TO, CM) reported first-quarter net income to equity shareholders of C$920 million, compared to C$1.17 billion, a year ago. Earnings per share was C$2.28, compared to C$2.88. Adjusted EPS 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$2.27 for the quarter. Analysts' estimates typically exclude special items

Total revenue decreased to C$3.46 billion from C$3.63 billion, prior year. Analysts expected revenue of C$3.44 billion for the quarter.

CIBC announced a quarterly dividend increase of 3 cents per common share to C$1.06 per share.