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The large CIBC sign outside the bank's office building at the south east corner of King St. West and Bay St. in Toronto’s financial district.Fred Lum/The Globe and Mail

CIBC had $1.05-billion of net income in its second quarter, up 11 per cent from a year ago when it reported $941-million of net income.

The earnings amounted to $2.59 per share, compared with $2.35 during the second quarter of 2016.

The Toronto-based bank had $3.70-billion of revenue during the quarter, compared with $3.63-billion a year ago.

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