UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM 6-K

 

 

Report of Foreign Private Issuer

Pursuant to Rule 13a-16 or 15d-16 under

the Securities Exchange Act of 1934

For the month of August, 2015

Commission File Number: 1-14678

 

 

CANADIAN IMPERIAL BANK OF COMMERCE

(Translation of registrant’s name into English)

 

 

Commerce Court

Toronto, Ontario

Canada M5L 1A2

(Address of principal executive offices)

 

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:

Form 20-F  ¨             Form 40-F  x

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):  ¨

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):  ¨

Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g 3-2(b) under the Securities Exchange Act of 1934:

Yes  ¨            No   x

If yes is marked, indicate below the file number assigned to the registrant in connection with Rule 12g 3-2(b):  ¨

 

 

 

The information contained in this Form 6-K is incorporated by reference into the Registration Statement on Form S-8 File Nos. 333-130283 and 333-09874, Form F-10 File No. 333-201259 and Form F-3 File No. 333-202584.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereto duly authorized.

 

  CANADIAN IMPERIAL BANK OF COMMERCE
Date: August 27, 2015     By:  

/s/ Stephen Forbes

    Name:   Stephen Forbes
    Title:   Executive Vice-President


Exhibit 12.1

Canadian Imperial Bank of Commerce

Computation of Ratio of Earnings to Fixed Charges

 

     Nine Months
Ended
July 31		      Year Ended October 31  
     2015      2014      2013      2012      2011     2010  
            (C$ millions except ratios)  
     IFRS(1)      Canadian GAAP  

Earnings:

                 

Earnings before income taxes

      3,299         3,805         3,933         3,932         4,063        4,032   

Fixed charges, excluding interest on deposits and secured borrowings

      612         887         875         1,147         1,175        906   

Interest capitalized

      —           —           —           —           (6 )      (2 ) 
  

 

 

     

 

 

     

 

 

     

 

 

     

 

 

    

 

 

  

Subtotal

      3,911         4,692         4,808         5,079         5,232        4,936   

Interest on deposits and secured borrowings

      2,310         3,337         3,679         3,630         2,787        2,192   
  

 

 

     

 

 

     

 

 

     

 

 

     

 

 

    

 

 

  

Total

      6,221         8,029         8,487         8,709         8,019        7,128   
  

 

 

     

 

 

     

 

 

     

 

 

     

 

 

    

 

 

  

Fixed Charges:

                 

Interest expense, excluding interest on deposits and secured borrowings

      446         679         676         947         962        699   

Interest component of rental expense(2)

      164         206         196         196         203        202   

Interest capitalized

      —           —           —           —           6        2   

Amortization of subordinated indebtedness

      2         2         3         4         4        3   
  

 

 

     

 

 

     

 

 

     

 

 

     

 

 

    

 

 

  

Subtotal

      612         887         875         1,147         1,175        906   

Interest on deposits and secured borrowings

      2,310         3,337         3,679         3,630         2,787        2,192   
  

 

 

     

 

 

     

 

 

     

 

 

     

 

 

    

 

 

  

Total

      2,922         4,224         4,554         4,777         3,962        3,098   
  

 

 

     

 

 

     

 

 

     

 

 

     

 

 

    

 

 

  

Ratio of Earnings to Fixed Charges:

                 

Excluding interest on deposits and secured borrowings

      6.39         5.29         5.49         4.43         4.45        5.45   

Including interest on deposits and secured borrowings

      2.13         1.90         1.86         1.82         2.02        2.30   
                                 2011     2010  
                                 U.S. GAAP  

Earnings:

                 

Earnings before income taxes

                  3,910        3,891   

Fixed charges, excluding interest on deposits and secured borrowings

                  1,175        871   

Interest capitalized

                  (6 )      (2 ) 
              

 

 

    

 

 

  

Subtotal

                  5,079        4,760   

Interest on deposits and secured borrowings

                  2,787        2,192   
              

 

 

    

 

 

  

Total

                  7,866        6,952   
              

 

 

    

 

 

  

Fixed Charges:

                 

Interest expense, excluding interest on deposits and secured borrowings

                  962        664   

Interest component of rental expense(2)

                  203        202   

Interest capitalized

                  6        2   

Amortization of subordinated indebtedness

                  4        3   
              

 

 

    

 

 

  

Subtotal

                  1,175        871   

Interest on deposits and secured borrowings

                  2,787        2,192   
              

 

 

    

 

 

  

Total

                  3,962        3,063   
              

 

 

    

 

 

  

Ratio of Earnings to Fixed Charges:

                 

Excluding interest on deposits and secured borrowings

                  4.32        5.46   

Including interest on deposits and secured borrowings

                  1.99        2.27   

 

1) Under IFRS, interest on deposits comprises interest expense relating to deposits and secured borrowing liabilities.
2) The interest component of rental expense is 30% of rent expense because it is the proportion deemed representative of the interest factor.
Canadian Imperial Bank o... (NYSE:CM)
Historical Stock Chart
From Mar 2024 to Apr 2024 Click Here for more Canadian Imperial Bank o... Charts.
Canadian Imperial Bank o... (NYSE:CM)
Historical Stock Chart
From Apr 2023 to Apr 2024 Click Here for more Canadian Imperial Bank o... Charts.