Loading...
•
Jun 30, 2022
Comerica Q2 2022 Earnings Report
Earnings per share increased 40% over first quarter 2022 due to strong revenue growth, solid expense control, and excellent credit quality, benefiting from higher interest rates, strong loan growth, and liquidity deployment.
Key Takeaways
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%.
Earnings per share increased 40% over the first quarter and revenue grew 18%.
Loan growth in the second quarter 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 10%.
Efficiency ratio improved significantly to 58% and return on equity of 17%.
Forward Guidance
While there is a great deal of economic uncertainty, Comerica feels positive about the path they are on.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...