Its Canadian wealth management revenue was up 18% in the quarter from a year earlier.

CIBC reported a rise in fourth-quarter profit that beat analyst expectations despite a slight increase in troubled loans in its Canadian division.

The bank said it had net income of $2.18 billion in the quarter ended Oct. 31, up from $1.88 billion a year ago, as it raised its quarterly dividend to $1.07 per share from 97 cents per share.

Its Canadian wealth management revenue was up 18% in the quarter from a year earlier, while its capital markets division reported a 32% jump in revenue thanks in part to the push south.

The boost from U.S. activity helped offset a rise in provisions for potentially bad loans, which rose to $605 million in the quarter, up from $419 million a year ago.

This included $497 million in impaired provisions, the more serious category where the bank isn’t confident it will be paid back.

But looking ahead, the bank doesn’t see any big swings on provisions coming, despite continued trade uncertainty.

And while 2025 was marked by economic uncertainty, CIBC still reported revenue for the year up 14% to $29.1 billion. Revenue for the fourth quarter totalled $7.58 billion, up from $6.62 billion.

Profit for the year totalled $8.45 billion, up 18% from a year earlier.

On an adjusted basis, CIBC says it earned $2.21 per diluted share in the fourth quarter, up from an adjusted profit of $1.91 per diluted share in the same quarter last year.

Analysts on average had expected an adjusted profit of $2.08 per share, according to estimates compiled by LSEG Data & Analytics.