Comerica Incorporated First Quarter 2025 Financial Review April 21, 2025 Safe Harbor Statement This presentation, & other Comerica written & oral communications, include statements that are not historical facts but rather are forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Words such as achieve, anticipate, aspire, assume, believe, can, confident, continue, could, designed, enhances, estimate, expect, feel, forecast, forward, future, goal, grow, guidance, guide ...

Comerica Incorporated (CMA) has reported first-quarter 2025 adjusted earnings per share (EPS) of $1.25, beating the Zacks Consensus Estimate of $1.14. In the prior-year quarter, the company reported an EPS of $1.29.Results benefited from solid fee income and net interest income (NII) growth. Strong capital position and decline in expenses were added positives. Yet, decreased loan and deposit balances, and weak asset quality were concerning.Net income attributable to common shareholders (GAAP basis) was $165 ...

For the quarter ended March 2025, Comerica Incorporated (CMA) reported revenue of $829 million, up 5.7% over the same period last year. EPS came in at $1.25, compared to $1.29 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $831.98 million, representing a surprise of -0.36%. The company delivered an EPS surprise of +9.65%, with the consensus EPS estimate being $1.14.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall ...

Shares of Comerica Incorporated ( CMA ) have been a reasonable performer over the past year, gaining 6%, though that has not allowed them to weather the recent market sell-off without challenge. Indeed, the stock has fallen about $20 from itsOver fifteen years of experience making contrarian bets based on my macro view and stock-specific turnaround stories to garner outsized returns with a favorable risk/reward profile. If you want me to cover a specific stock or have a question for an article, just let me ...

Comerica Incorporated (CMA) came out with quarterly earnings of $1.25 per share, beating the Zacks Consensus Estimate of $1.14 per share. This compares to earnings of $1.29 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 9.65%. A quarter ago, it was expected that this company would post earnings of $1.25 per share when it actually produced earnings of $1.20, delivering a surprise of -4%.Over the last four quarters, the company ...

DALLAS, April 21, 2025 /PRNewswire/ -- Comerica Incorporated (NYSE: CMA) has reported its first quarter 2025 financial results. The results are available on the Investor Relations section of Comerica's website here. In addition, the financial results and earnings presentation will be furnished on a Form 8-K filing that will be available on the Securities and Exchange Commission website at www.sec.gov.As previously announced, Comerica will host a conference call to review the first quarter 2025 financial res ...

Financial Performance - First quarter 2025 net income was $172 million, translating to $1.25 per share, an increase from $138 million in the first quarter of 2024[1]. - Noninterest income increased by $4 million to $254 million, although excluding a prior loss, it would have decreased by $15 million[8]. - Net income attributable to common shares for Q1 2025 was $165 million, a 2% increase from $163 million in Q4 2024 and a 26% increase from $131 million in Q1 2024[28]. - The company reported a comprehensive income of $638 million in Q1 2025, compared to a comprehensive loss of $(636) million in Q4 2024[28]. - Cash dividends declared on common stock remained stable at $93 million for Q1 2025, consistent with the previous quarter[28]. - Cash dividends declared on common stock were $0.71 per share for the three months ended March 31, 2025[37]. Loan and Deposit Trends - Average loans decreased by $403 million to $50.2 billion, while average deposits decreased by $1.4 billion to $61.9 billion[2][5]. - Total loans outstanding were $50.2 billion in Q1 2025, with total earning assets at $70.4 billion[32]. - Total deposits decreased to $61.899 billion in Q1 2025 from $63.347 billion in Q4 2024[25]. - Total deposits decreased to $61,505 million as of March 31, 2025, down from $63,811 million at December 31, 2024, a decrease of 3.6%[27]. - The average balance of interest-bearing deposits was $38.4 billion in Q1 2025, with total interest-bearing sources at $45.1 billion[32]. Credit Quality - Provision for credit losses decreased by $1 million to $20 million, with net charge-offs at 0.21% of average total loans[7][16]. - Criticized loans increased by $43 million to $2.6 billion, representing 5.2% of total loans[19]. - Nonperforming assets decreased by $7 million to $301 million, or 0.60% of total loans and foreclosed property, compared to 0.61% in Q4 2024[19]. - Net charge-offs totaled $26 million, an increase from $16 million in Q4 2024[19]. - The provision for credit losses was $20 million in Q1 2025, a slight decrease from $21 million in Q4 2024, but an increase of 39% compared to $14 million in Q1 2024[28]. - Total nonperforming loans at the end of Q1 2025 were $301 million, slightly down from $308 million in Q4 2024, with nonperforming loans as a percentage of total loans at 0.60%[30]. Capital and Efficiency Ratios - The common equity Tier 1 capital ratio was estimated at 12.05%, well above the 10% target[9]. - Common equity tier 1 capital ratio increased to 12.05% in Q1 2025 from 11.89% in Q4 2024[25]. - Total shareholders' equity increased to $7.052 billion as of March 31, 2025, from $6.543 billion at December 31, 2024[40]. - The tangible common equity ratio was 7.82% as of March 31, 2025, compared to 7.00% at December 31, 2024[40]. - The efficiency ratio improved to 70.28%, down from 76.91% in the first quarter of 2024[1]. - The efficiency ratio was 70.28% in Q1 2025, compared to 69.51% in Q4 2024[25]. Interest Income and Margin - Net interest income remained stable at $575 million, with a net interest margin increase of 12 basis points to 3.18% compared to the previous quarter[6][13]. - Total interest income decreased to $924 million in Q1 2025, down 5% from $967 million in Q4 2024 and down 9% from $1,019 million in Q1 2024[28]. - Net interest income remained stable at $575 million for both Q1 2025 and Q4 2024[25]. - The net interest income for Q1 2025 was $575 million, maintaining the same level as in Q4 2024, with a net interest margin of 3.18%[32]. - Average loans for the three months ended March 31, 2025, were $50.214 billion, a slight decrease from $50.617 billion in the previous quarter[38]. Asset and Liability Management - Total assets decreased to $77,622 million as of March 31, 2025, down from $79,297 million at December 31, 2024, representing a decline of 2.1%[27]. - Total liabilities decreased to $70,570 million as of March 31, 2025, down from $72,754 million at December 31, 2024, reflecting a decline of 3.0%[27]. - Total uninsured deposits as of March 31, 2025, amount to $32,291 million, a decrease from $33,387 million on December 31, 2024[42]. - Total uninsured deposits, excluding affiliate deposits, stand at $28,447 million as of March 31, 2025, compared to $29,511 million on December 31, 2024[42]. - Affiliate deposits decreased to $3,844 million as of March 31, 2025, down from $3,876 million on December 31, 2024[42].

Core Viewpoint - Comerica Incorporated (CMA) is expected to report an increase in revenues but a decline in earnings for the first quarter of 2025 compared to the previous year [1][3]. Financial Performance - The earnings for the fourth quarter of 2024 missed the Zacks Consensus Estimate, primarily due to a decline in net interest income (NII) and weak asset quality, although a rise in deposit balance and solid fee income growth provided some support [2]. - The Zacks Consensus Estimate for first-quarter 2025 earnings is $1.14 per share, reflecting an 11.6% decline from the year-ago quarter [3]. - The consensus estimate for first-quarter 2025 revenues is $829.6 million, indicating a 5.9% increase from the previous year [3]. Loan and Asset Quality - The lending environment was not favorable in the first quarter, with modest demand for loans due to market uncertainties stemming from tariff plans [4]. - Average loans were marginally down sequentially, with management expecting them to remain flat compared to the fourth quarter of 2024 [4]. - The Zacks Consensus Estimate for average earning assets is $71.2 billion, indicating a 1.2% sequential decrease [5]. Net Interest Income (NII) - The consensus estimate for NII is $566.9 million, reflecting a 1.4% decline from the prior quarter [6]. - Management anticipates a decline of 1-2% in NII from the previous quarter [6]. Non-Interest Income - Global M&A activities showed modest growth, primarily in the Asia Pacific region, but overall market volatility and economic uncertainty led to cautious behavior among companies regarding M&A [7]. - The Zacks Consensus Estimate for capital markets income is $36.7 million, indicating a marginal sequential rise [8]. - The overall fee income estimate is $266.3 million, reflecting a 1% decline from the previous quarter [11]. Deposits and Service Charges - Average deposits (excluding brokered time deposits) declined 2.3% to $61.9 billion from the end of the fourth quarter of 2024 [9]. - The Zacks Consensus Estimate for service charges on deposits is $46.1 million, indicating a 2% decline from the prior quarter [10]. Expenses and Asset Quality - The company is expected to incur higher expenses due to seasonally higher compensation costs and lower gains on real estate sales, with non-interest expenses projected to increase by 2% from the fourth quarter of 2024 [12]. - The Zacks Consensus Estimate for non-performing loans is $317.1 million, indicating a 3% rise from the prior quarter [13]. Earnings Outlook - The likelihood of Comerica beating earnings estimates is low, with an Earnings ESP of -0.21% and a Zacks Rank of 3 [14].

The upcoming report from Comerica Incorporated (CMA) is expected to reveal quarterly earnings of $1.14 per share, indicating a decline of 11.6% compared to the year-ago period. Analysts forecast revenues of $829.64 million, representing an increase of 5.8% year over year.The consensus EPS estimate for the quarter has been revised 1.8% lower over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe ...

Core Points - The Consumer Financial Protection Bureau (CFPB) has dropped a lawsuit against Comerica Bank regarding its handling of the Direct Express program, which provides federal benefits to approximately 3.4 million beneficiaries [1][2] - The lawsuit initially alleged that Comerica Bank provided poor service, including disconnecting customer service calls and charging illegal ATM fees [3][4] - Comerica Bank has maintained its defense against the CFPB's claims, asserting that it cooperated with the investigation and challenged the Bureau's regulatory actions [5][6] Summary by Sections CFPB Lawsuit Dismissal - The CFPB informed a U.S. District Court of its decision to dismiss the lawsuit against Comerica Bank [1] - The lawsuit was originally filed in December, focusing on the bank's management of the Direct Express program since 2008 [2] Allegations Against Comerica Bank - The CFPB's complaint included accusations of deliberate disconnection of customer service calls, illegal ATM fees, misleading fraud victims, and failure to investigate account issues [3] - Former CFPB Director Rohit Chopra highlighted that these actions negatively impacted Americans on fixed incomes [4] Comerica Bank's Response - Comerica Bank expressed its intention to defend its record and filed a lawsuit against the CFPB for regulatory overreach [5] - The bank claimed it provided necessary context during the CFPB's investigation, which it felt was ignored [5] - CFPB Chief Legal Officer indicated that the agency was reviewing the matter under new leadership [6]