By Adriano Marchese

Canadian Imperial Bank of Commerce on Thursday reported a rise in fourth-quarter profit and revenue, but missed analyst forecasts for both metrics as costs weighed in the period.

The Canadian banking and financial services company said earnings per share were 3.07 Canadian dollars (US$2.39) in the three months ended Oct. 31, up from C$2.20 in the comparable quarter a year ago.

Net income was C$1.44 billion, compared with C$1.02 billion a year earlier, while return on common shareholders' equity expanded to 13.4% from 10.7%.

Net interest income for the period grew to C$2.98 billion from C$2.79 billion last year.

In the quarter, the company reported a number of one-off costs, among them a C$109 million charge related to the consolidation of its real estate portfolio as well a charge of C$40 million toward an increase in legal provisions.

On an adjusted basis, earnings were C$3.37 a share. According to FactSet, analysts were expecting C$3.54 a share.

Total revenue rose to C$5.06 billion from C$4.6 billion, missing the analyst consensus forecast of C$5.1 billion.

CIBC said that provision for credit losses--the potential losses that the bank could incur due to credit risk--was down 73% to C$78 million.

Write to Adriano Marchese at adriano.marchese@wsj.com

(END) Dow Jones Newswires

12-02-21 0639ET