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Dec 31, 2024
Comerica Q4 2024 Earnings Report
Reported a net income of $170 million and EPS of $1.22, driven by favorable deposit trends and strategic expense management.
Key Takeaways
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.
Net income for Q4 2024 was $170 million, or $1.22 per share.
Customer deposits improved, enabling a reduction in wholesale funding and benefiting net interest income.
Expense calibration efforts drove efficiency and created capacity for strategic investments.
Credit quality remained strong with low net charge-offs.
Forward Guidance
Comerica plans to target share repurchases of approximately $50 million in the first quarter of 2025.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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