CIBC Caribbean Bank yes­ter­day re­port­ed net in­come for its fi­nan­cial year end­ed Oc­to­ber 31 of US$159.71 mil­lion, a de­cline of 42.4 per cent com­pared with the prof­it of US$277.51 the bank de­clared in its 2024 fi­nan­cial year.

In the CIBC CEO’s re­view, Mark St Hill said the net in­come of US$159.71 mil­lion for its 2025 fi­nan­cial year in­clud­ed a US$56.2 mil­lion fair val­ue loss on a non-core in­vest­ment and a US$2.4 mil­lion net gain re­lat­ed to pre­vi­ous­ly an­nounced di­vesti­tures.

“Ex­clud­ing these items of note, ad­just­ed net in­come was US$213.5 mil­lion, com­pared with an ad­just­ed net in­come of US$285.2 mil­lion in 2024. The de­cline in ad­just­ed earn­ings was pri­mar­i­ly due to high­er pro­vi­sion for cred­it loss­es and in­creased in­come tax­es fol­low­ing the adop­tion of the Glob­al Min­i­mum Tax Frame­work in The Ba­hamas,” said St Hill.

CIBC’s rev­enue for 2025 was US$708.10 mil­lion, which was a de­cline of 5.1 per cent.

CIBC, which is list­ed on the T&T Stock Ex­change, main­tained its div­i­dend at US$0.0125 per share.