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Mar 31, 2022
Comerica Q1 2022 Earnings Report
Comerica's first quarter results demonstrated ability to drive broad-based loan growth while maintaining favorable credit metrics and controlling expenses.
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.
Forward Guidance
No specific forward guidance was provided in the earnings report.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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