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Jun 30
Comerica Q2 2025 Earnings Report
Comerica posted solid results with strong loan growth and disciplined expense management in Q2 2025.
Key Takeaways
Comerica delivered stable net interest income, improved noninterest income, and maintained strong capital levels, despite modest deposit declines.
Net income rose to $199 million, supported by higher noninterest income and lower expenses.
Loan growth of approximately 3% offset modest deposit declines.
CET1 ratio remained well above target at 11.94%.
Efficiency ratio improved to 65.78%, reflecting cost discipline.
Comerica
Comerica
Comerica Revenue by Segment
Comerica Revenue by Geographic Location
Revenue by Segment
Commercial Bank Revenue
CapyFin.comRetail Bank Revenue
CapyFin.comWealth Management Revenue
CapyFin.comFinance/Other Revenue
CapyFin.comRevenue by Geographic Location
Michigan Deposits Revenue
CapyFin.comCalifornia Deposits Revenue
CapyFin.comTexas Deposits Revenue
CapyFin.comOther Markets Deposits Revenue
CapyFin.com Forward Guidance
Comerica expects steady loan growth, stable deposits, and improved net interest income in FY25, though expenses may trend higher in Q3.
Positive Outlook
- Steady quarterly loan growth expected through 2H25.
- FY25 net interest income expected to grow 5-7%.
- Strong capital levels to remain above CET1 target.
- Customer deposits projected to grow strongly in 4Q25.
- Noninterest income expected to rise 2% in FY25.
Challenges Ahead
- Average deposits expected to be down 2-3% versus FY24.
- Noninterest expenses projected to rise 2% in FY25.
- Net interest income slightly down in Q3 due to deposit trends.
- Credit normalization to continue with charge-offs within 20-40 bps range.
- Higher seasonal expenses expected in Q3 after a strong Q2.