2022 Balance Sheet Marketing Operations 
Tom Spencer
OCTOBER 13, 2023
Image 1: Illustrative example of a bank’s net interest income and margin Source: CIBC’s 2022 Annual Report 1.2 Efficiency ratio The efficiency ratio measures effective cost management and operational efficiency, and is defined as non-interest expenses divided by revenue. All else being equal, a lower number is better.
Tom Spencer
OCTOBER 6, 2023
Firstly, by outlining the major items on a bank’s income statement, and then by discussing key ratios that are commonly used to measure profitability and to estimate the market value for banks. The biggest swing in operating expenses is likely to be variable compensation. Image 3: Illustrative example of a bank’s operating expenses 4.
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