Comerica Earnings Reports

Comerica Incorporated reported a Q4 2024 net income of $170 million, or $1.22 per share. The results reflect improved capital and liquidity positions, driven by customer deposit trends and expense discipline, despite muted loan demand.

Comerica reported a net income of $184 million, or $1.33 per share, for Q3 2024. The results were driven by growth in customer deposits, which offset muted loan demand and contributed to net interest income exceeding expectations. The company maintained expense discipline and strong credit quality, with net charge-offs of 8 basis points. The estimated CET1 capital ratio rose to 11.97%, exceeding the 10% target.

Comerica reported a net income of $206 million, or $1.49 per share, for the second quarter of 2024. The results reflect an increase of $0.51 over the first quarter, driven by responsible loan growth, improvements in fee income and expense management, and continued strong credit quality.

Comerica reported a first quarter net income of $138 million, or $0.98 per share. The company successfully executed its deposit and liquidity strategy, significantly reduced wholesale funding, and maintained prudent capital management with strong credit quality.

Comerica's Q4 2023 net income was $33 million, or $0.20 per share, impacted by several notable items including FDIC special assessment and BSBY cessation hedging losses. The company demonstrated strong credit quality and capital position while navigating industry events. Strategic management of the balance sheet produced loan and deposit results in line with expectations.

Comerica reported a third-quarter net income of $251 million, equivalent to $1.84 per share. The results reflect a successful deposit strategy, growth in customer balances, prudent capital management, and strong credit quality. Deposits increased while loans moderated, and the CET1 ratio rose to 10.79%.

Comerica reported a strong second quarter with an EPS of $2.01, driven by higher fee income, broad-based loan growth, and prudent expense management. Credit quality remained excellent, and the capital position was solid, with the CET1 ratio increasing to 10.31%. Customer deposits stabilized in the second half of the quarter.

Comerica Incorporated reported a net income of $324 million, or $2.39 per share, for the first quarter of 2023. The results reflect strong loan growth, a favorable rate environment, robust fee income, and excellent credit quality, offset by the impact of incremental funding costs on net interest income. The company successfully navigated the disruption in the banking industry and retained its favorable noninterest-bearing orientation.

Comerica reported a strong Q4 2022 with net income of $350 million, or $2.58 per share. Average loans grew by $1.3 billion, and the company modestly increased reserves. Credit quality remained exceptional, and the company feels well-positioned to continue delivering superior financial results in 2023.

Comerica reported a record net income of $351 million, or $2.60 per share, for the third quarter of 2022. This represents a 35% increase in earnings per share compared to the second quarter of 2022. The results were driven by record revenue, higher interest rates, and strong loan growth.

Comerica Incorporated reported a strong second quarter in 2022, with earnings per share increasing by 40% compared to the first quarter. Revenue grew by 18%, driven by a rising rate environment and prudent actions to lock in higher rates. Loan growth was one of the highest in the company's history, with increases in nearly every business line. Credit quality was excellent, and fee income increased by 10%. The efficiency ratio improved significantly to 58%, and the return on equity was 17%.

Comerica reported a net income of $189 million, or $1.37 per share, for the first quarter of 2022. The results reflect broad-based loan growth, strong credit quality, and effective expense control. Average general Middle Market loans increased 4% and Corporate Banking increased 9% relative to the fourth quarter. Deposits were impacted by seasonality and customers using balances to fund business activity.

Comerica Incorporated reported a net income of $228 million, or $1.66 per share, for the fourth quarter of 2021. The results reflect robust deposit growth, positive trends in the loan portfolio, strong credit quality, and active capital management.

Comerica reported a net income of $262 million, or $1.90 per share, for the third quarter of 2021. Solid loan growth in several business lines was overshadowed by headwinds from PPP loan forgiveness and reduced auto dealer loans due to supply constraints. The company continued to drive strong deposit growth, robust fee income, and excellent credit quality.

Comerica reported a strong second quarter with net income of $328 million, or $2.32 per share. Revenue increased by 5 percent, driven by robust growth in fee-generating activity. Credit quality remained strong, leading to a reserve release. The company repurchased 5.9 million shares and returned $542 million to shareholders through dividends and repurchases.

Comerica reported a strong start to the year with Q1 2021 earnings of $2.43 per share, a 59% increase over the fourth quarter. The results were driven by a reduction in the credit reserve, robust fee-generating activity, and expense discipline. The company plans to resume share repurchases in the second quarter.

Comerica's Q4 2020 net income was $215 million, or $1.49 per share, a 3% increase over the third quarter. This was driven by revenue growth and strong credit quality, with deposits increasing nearly $1.5 billion. The CET1 ratio increased to 10.35 percent.

Comerica reported a net income of $211 million, or $1.44 per share, for the third quarter of 2020. The results reflect the resiliency of the company's relationship-focused business model, with customers conserving cash and adjusting operations. Deposit growth continued, and credit quality remained strong.

Comerica reported a net income of $113 million, or $0.80 per share, for the second quarter of 2020. Loan and deposit growth drove average balances to record highs, including $2.6 billion in Paycheck Protection Program loans. Credit quality remained solid, with net charge-offs of 37 basis points.

Comerica reported a net loss of $65 million for Q1 2020, primarily due to a substantial increase in credit reserves and the impact of declining interest rates. Loans increased by over $3 billion in late March, supporting customer borrowing needs, and average deposits rose by $2.8 billion year-over-year.

Comerica Incorporated reported a net income of $269 million, or $1.85 per share, for the fourth quarter of 2019. The results reflected robust deposit growth, capital management, and strong credit quality. Deposits increased $1.5 billion relative to the third quarter, with over 40% from noninterest-bearing deposits.