TORONTO — CIBC reported a third-quarter profit of $2.10 billion, up from $1.80 billion in the same quarter last year.

The bank says the profit amounted to $2.15 per share for the quarter ending July 31, up from $1.82 per share last year.

Revenue totalled $7.25 billion, up from $6.60 billion.

The bank's provisions for credit loss totalled $559 million, up from $483 million last year.

On an adjusted basis, CIBC says it earned $2.16 per share, up from $1.93 per share last year.

Analysts on average had expected earnings of $2.00 per share, according to LSEG Data & Analytics.

"In a dynamic environment, our proactive and disciplined approach to managing our business, robust capital position, and balance sheet strength continue to serve us well," said CIBC president and CEO Victor Dodig in

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