Comerica Q1 2022 Earnings Report
Key Takeaways
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.
Net income for the first quarter of 2022 was $189 million, or $1.37 per share.
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.
Balance sheet remains well-positioned for the rising rate environment.
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Comerica Revenue by Segment
Forward Guidance
No specific forward guidance was provided in the earnings report.
Revenue & Expenses
Visualization of income flow from segment revenue to net income