Comerica

Comerica, Inc. engages in the provision of financial services. It operates through the following segments: Commercial Bank, Retail Bank, Wealth Management, Finance, and Other. The Commercial Bank segment meets the needs of small and middle market businesses, multinational corporations and governmental entities by offering various products and services, including commercial loans and lines of credit, deposits, cash management, capital market products, international trade finance, letters of credit, foreign exchange management services, and loan syndication services. The Retail Bank segment includes small business banking and personal financial services, which consist of consumer lending, consumer deposit gathering, and mortgage loan origination. The Wealth Management segment offers fiduciary services, private banking, retirement services, investment management and advisory services, investment banking, and brokerage services. The Finance segment consists of the corporation's securities portfolio and asset and liability management activities. The Other category includes the income and expense impact of equity and cash, tax benefits, charges of an unusual or infrequent nature that are not reflective of the normal operations, and miscellaneous other expenses of a corporate nature. The company was founded in 1973 and is headquartered in Dallas, TX.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Comerica achieves record earnings in 2022, focuses on sustainability

Comerica's 2022 performance showcased robust financial results, a strong focus on corporate responsibility, and a commitment to sustainability. While facing challenges in expense management and deposit trends, the company's outlook for 2023 remains positive with opportunities for growth and efficiency enhancements.

Comerica reports robust Q1 earnings, focuses on deposit stability

Comerica's Q1 performance reflected strength in earnings, loan growth, and credit quality, despite challenges with expenses and deposit fluctuations. The company's strategic focus on partnerships, national expansion, and deposit stability positions it well for future growth. Executives outlined plans to address industry trends, enhance deposit retention, and manage balance sheet effectively.

Comerica reports strong Q2 earnings, eyes growth amid challenges

Comerica's Q2 2023 performance showcased strong earnings, credit quality, and liquidity, with a focus on fee income and strategic investments driving growth. Challenges include declining deposit balances and cautious approaches in certain sectors.
The company's strengths lie in its capital position, transformational expansion, and noninterest income growth. Opportunities exist in expanding into new markets, optimizing financial metrics, and adjusting strategies for changing market conditions.
Overall, Comerica's performance reflects resilience and strategic focus, positioning the company for continued growth and stability amidst economic challenges and evolving market dynamics.

Comerica surpasses Q3 earnings expectations, focuses on small business growth

Comerica's Q3 performance exceeded expectations with strong net income and small business lending. The bank showcased robust credit quality and successful deposit strategies. While facing economic uncertainties, the focus remains on managing costs efficiently and offsetting NIM pressure through pricing discipline.
Strengths lie in successful deposit strategies, strong credit quality, and a focus on key sectors. Challenges include economic uncertainties impacting loan growth caution and expense outlook. Opportunities exist in managing costs efficiently, complying with regulatory requirements, and stabilizing balance sheet amidst uncertainties.

Comerica reports resilient 2023 performance, eyes NIM stability in 2025

Comerica's 2023 performance showcased resilience amidst challenges, with a strategic focus on expense management and revenue growth. While facing net interest income pressures and projected loan declines, the company is leveraging opportunities for NIM stability and portfolio improvements.

Comerica reports solid Q1 earnings, focuses on growth opportunities

Comerica's Q1 performance showcased earnings of $138 million, with improved customer sentiment and reduced wholesale funding.
The company's strengths lie in intentional balance sheet management, strong credit quality, and confidence in long-term growth.
Challenges include impacts on NPLs from the senior housing portfolio and appraisals for multifamily properties, while opportunities exist in loan growth and risk management reinvestment.
Overall, Comerica remains focused on responsible growth, profitability, and maintaining a strong financial position.

Comerica reports solid Q2 earnings, eyes growth amidst challenges

Comerica's Q2 performance showcased resilience in earnings and credit quality, with a focus on efficiency and maintaining a strong capital position. While facing challenges in certain business areas, the bank is poised to leverage opportunities in core deposit growth and potential loan demand uptick.

Comerica Bank surpasses Q3 earnings, eyes loan growth opportunities

Comerica Bank's Q3 performance exceeded expectations with strong customer activity
While facing challenges in loan and deposit projections, the bank remains optimistic
Strategic initiatives and strong credit quality position Comerica for future growth

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Comerica, Inc. engages in the provision of financial services. It operates through the following segments: Commercial Bank, Retail Bank, Wealth Management, Finance, and Other. The Commercial Bank segment offers various products and services, including commercial loans and lines of credit, deposits, cash management, capital market products, international trade finance, letters of credit, foreign exchange management services, and loan syndication services. The Retail Bank segment includes personal financial services, consisting of consumer lending, consumer deposit gathering and mortgage loan origination, and offers consumer products, including deposit accounts, installment loans, credit cards, student loans, home equity lines of credit, and residential mortgage loans. The Wealth Management segment offers fiduciary services, private banking, retirement services, investment management and advisory services, investment banking, and brokerage services. The Finance segment includes the corporation's securities portfolio and asset and liability management activities. The Other segment includes the income and expense impact of equity and cash, tax benefits, charges of an unusual or infrequent nature that are not reflective of the normal operations, and miscellaneous other expenses of a corporate nature. The company was founded in 1973 and is headquartered in Dallas, TX.

Combination of community food donations and $10,000 in financial support from Comerica Bank helps combat food insecurity in Kalamazoo KALAMAZOO, Mich. , Aug. 17, 2022 /PRNewswire/ -- The Comerica Bank and Kalamazoo Growlers Food Drive, which culminated during a pre-game ceremony prior to the Growlers home game on Friday, August 12, generated over 61,000 meals for the South Michigan Food Bank and will aid in the efforts to reduce food insecurity in the community.

Comerica Bank and Kalamazoo Growlers Food Drive Benefitting South Michigan Food Bank Generates Over 61,000 Meals

DALLAS , Aug. 16, 2022 /PRNewswire/ -- Comerica Incorporated (NYSE: CMA) has named Linda Nosegbe, Vice President, Southeast External Affairs Market Manager, as Vice President, National Community Impact Manager. She will report to Irvin Ashford Jr., Chief Community Officer.

Linda Nosegbe Named National Community Impact Manager

DALLAS , Aug. 15, 2022 /PRNewswire/ -- Comerica Incorporated (NYSE: CMA) announced that Corey Bailey, Executive Vice President, Credit Risk Management & Decisioning, has been named to the new role of Executive Vice President, Head of Middle Market & Business Banking. Bailey will report to Peter Sefzik, Executive Vice President, Commercial Bank.

Comerica Bank Names Corey Bailey to Lead Middle Market & Business Banking

Ritchie named new Executive Vice President, Head of National and Specialty Businesses; Davis named Michigan Market President DETROIT , Aug. 11, 2022 /PRNewswire/ -- Comerica Bank announced today the promotion of two Michigan market senior leaders into expanded roles. Mike Ritchie , currently Comerica's Michigan Market President, has been named as the newly-established Executive Vice President, Head of National and Specialty Businesses.

Comerica Bank Promotes Michigan Leaders Mike Ritchie and Steve Davis

Citigroup

M&T Bank

Regions Financial

Zions Bancorp

Apart from robust fundamentals, the S&P 500 banks like Citigroup (C), Comerica (CMA), M&T Bank (MTB), Regions (RF) & Zions (ZION) have decent dividend yields, which will help income investors generate solid returns.

5 S&P 500 Bank Stocks With Decent Dividend Yield to Bet On

Comerica Bank has appointed Allysun Fleming to lead payment strategy as it moves all payments-related operations into a single unit that she will head as the new executive vice president, payments, reporting to Executive Vice President Peter Sefzik.

Comerica Bank Taps Allysun Fleming to Head Payments Unit

DALLAS, Aug. 1, 2022 /PRNewswire/ -- Comerica Incorporated (NYSE: CMA) announced it will align all payments-related operations into one division directed by Allysun Fleming who will serve as the new Executive Vice President, Payments. Fleming will report to Peter Sefzik, Executive Vice President, Commercial Bank.

Comerica Bank Appoints Allysun Fleming To Lead Payments Strategy In New Head of Payments Role

Comerica Incorporated (CMA) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

Will Comerica Incorporated (CMA) Gain on Rising Earnings Estimates?

10th annual Hatch Off competition brings Afro-fusion restaurant to Detroit DETROIT , July 22, 2022 /PRNewswire/ -- Little Liberia has been crowned the winner of the 2022 Comerica Hatch Detroit Contest, taking home the $100,000 grand prize from Comerica Bank to open the brick-and-mortar business of their dreams in Detroit. As the winner of the 10th annual Hatch Off, Little Liberia will receive $100,000 from Comerica Bank and a package of pro bono support and counsel from Hatch Detroit powered by its partners to bolster its opportunity for success.

Little Liberia wins $100,000 Comerica Hatch Detroit Contest powered by TechTown

Comerica Incorporated (NYSE:CMA ) Q2 2022 Earnings Conference Call July 20, 2022 8:00 AM ET Company Participants Darlene Persons - Head of IR Curt Farmer - Chairman, President and CEO Jim Herzog - EVP and CFO Peter Sefzik - EVP, Executive Director, Commercial Bank Melinda Chausse - EVP and Chief Credit Officer Conference Call Participants Scott Siefers - Piper Sandler Jon Arfstrom - RBC Capital Markets Steve Alexopoulos - JPMorgan Ebrahim Poonawala - Bank of America Merrill Lynch Ken Usdin - Jefferies Christopher McGratty - KBW John Pancari - Evercore ISI Jennifer Demba - Truist Securities Gary Tenner - D.A. Davidson Steve Moss - B.

Comerica Incorporated (CMA) CEO Curt Farmer on Q2 2022 Results - Earnings Call Transcript

High NII supports Comerica's (CMA) second-quarter earnings. However, an increase in expenses and a fall in fee income hurt.

Comerica (CMA) Q2 Earnings Surpass Estimates, NII Rises

Comerica Incorporated (CMA) delivered earnings and revenue surprises of 8.47% and 2.91%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

Comerica Incorporated (CMA) Q2 Earnings and Revenues Beat Estimates

DALLAS , July 20, 2022 /PRNewswire/ -- Comerica Incorporated (NYSE: CMA) has reported its second quarter 2022 financial results. The results are available on the Investor Relations section of Comerica's website here.

Comerica Reports Second Quarter 2022 Earnings Results

The average of price targets set by Wall Street analysts indicates a potential upside of 26% in Comerica Incorporated (CMA). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.

Wall Street Analysts See a 26% Upside in Comerica Incorporated (CMA): Can the Stock Really Move This High?

Despite the improvement in lending activity and net interest income, lower fee income is expected to have discouraged Comerica's (CMA) Q2 earnings. Higher expenses are likely to have been spoilsports.

Loans to Aid Comerica (CMA) Q2 Earnings, Fee Income to Hurt

Bull of the Day: Comerica (CMA)

DALLAS , July 8, 2022 /PRNewswire/ -- Comerica Incorporated (NYSE: CMA) released updated conference call information for its second quarter 2022 financial results on Wednesday, July 20, 2022. Interested parties may access the call and supplemental materials through the following details: DATE: Wednesday, July 20, 2022 TIME: 7 a.m.

Comerica Announces Updated Conference Call Information for Second Quarter 2022 Earnings

DALLAS , July 6, 2022 /PRNewswire/ -- Comerica Incorporated (NYSE: CMA) released its 2021 Corporate Responsibility Report detailing advancements made on key environmental and social matters. "At Comerica, we have identified key environmental and social issues where we have the ability to drive positive outcomes and help customers meet their own ever-evolving needs," said Curt Farmer, Chairman and Chief Executive Officer, Comerica Bank and Comerica Incorporated.

Comerica Issues 2021 Corporate Responsibility Report

HOUSTON , July 5, 2022 /PRNewswire/ -- Comerica Bank has announced Vickie Cohn will lead its Central and South Texas retail team, replacing Theresa Bazan, who recently was promoted to National Sales Enablement Director for Consumer and Small Business Banking.  In this senior vice president role, Cohn will be responsible for the development and effective leadership of the Austin, Kerrville, Houston and San Antonio markets' retail banking center network.

Vickie Cohn Named Comerica Bank Central & South Texas Retail Regional Director

Public voting for pastry shop, cider mill, dumpling shop, tea lounge and Afro-fusion restaurant continues until July 8 DETROIT , June 27, 2022 /PRNewswire/ -- The first round of votes are in and after a tight race Hatch Detroit powered by TechTown has announced that five entrepreneurial teams will advance to the final stage of the Comerica Hatch Detroit Contest, which includes another round of public voting and the opportunity to compete at Hatch Off on July 21. Additionally, final round voting will be extended through July.

Top Five Finalists of Comerica Hatch Detroit Contest Unveiled

Online and in-person public voting begins as metro Detroit small businesses go head-to-head for $100,000 grand prize from Comerica Bank DETROIT , June 16, 2022 /PRNewswire/ -- The wait is over! The Comerica Hatch Detroit Contest powered by TechTown, which has launched some of Detroit's most popular neighborhood storefronts, has officially named its top 10 semifinalists.

2022 Comerica Hatch Detroit Contest Reveals Top 10 Semifinalists

DALLAS , June 16, 2022 /PRNewswire/ -- Comerica Bank has been named a 2022 honoree of The Civic 50 by Points of Light, the world's largest organization dedicated to volunteer service, in recognition of its support for local communities. For 10 years, The Civic 50 has provided a national standard for corporate citizenship and showcases how companies can use their time, skills, and resources to drive social impact in their communities, as well as within their own companies.

Comerica Bank Recognized as One of the 50 Most Community-Minded Companies in the United States for Seventh Consecutive Year

DALLAS , June 13, 2022 /PRNewswire/ -- In response to the evolving consumer and small business banking landscape, Comerica Incorporated (NYSE: CMA) announced additional changes to its Retail Banking division to enhance how it supports customers and small businesses, builds more meaningful relationships and serves as a partner within its communities. "While we are constantly evaluating how we serve our customers, the accelerated pace of change has us acting with even more urgency.

Comerica Bank Announces Additional Retail Banking Transformation Changes

AUSTIN, Texas , June 10, 2022  /PRNewswire/ -- Comerica Bank has been selected as a recipient of the Leaders in Financial Education (LiFE) Award for the third consecutive year by the Texas Bankers Foundation (TBF). The honor was announced at the Texas Bankers Association's 137th Annual Convention during a special awards luncheon.

Comerica Bank Selected as 2022 LiFE Award Winner by Texas Bankers Foundation for Third Consecutive Year

DALLAS, June 8, 2022 /PRNewswire/ -- American Airlines Center announced today a new four-year partnership with Comerica Bank, which includes exclusive naming rights of the Comerica Garage, formerly the Silver Garage. The 1,100-spot parking garage is located on Victory Ave.

News for Comerica Stock (CMA)