Bank Profitability: Decoding the Income Statement
Tom Spencer
OCTOBER 6, 2023
A bank’s income statement can be simplified into five main line items: Net interest income Non-interest income Operating expenses Provision for credit losses (PCL) Tax Image 1: Illustrative example of a bank’s income statement Source: CIBC’s 2022 Annual Report 1. The biggest swing in operating expenses is likely to be variable compensation.
88 
Let's personalize your content