Key Takeaways CMA stock rose 21.2% in a year, outpacing its industry and signaling strong investor confidence. Comerica cut non-interest expenses and improved efficiency, with a Q1 ratio drop from 76.91% to 70.28%. Strong NII growth, solid liquidity, and shareholder payouts highlight Comerica's financial resilience.Comerica Incorporated (CMA) shares have gained 21.2% over the past year, outperforming the industry’s rise of 19.5%. Its peers, Northern Trust Corporation (NTRS) and BankUnited Inc. (BKU) , hav ...

FREE document shredding and electronics recycling by Iron Mountain and Information Systems Resources available at Comerica's Great Lakes CampusDETROIT, June 6, 2025 /PRNewswire/ -- Comerica Bank encourages the public to bring paper documents and computer equipment and accessories for recycling, free of charge, to Comerica's Great Lakes Campus (36455 Corporate Drive, Farmington Hills, MI 48331) on Saturday, June 14, from 8 a.m. to 1 p.m., for the return of its 16th annual Metro Detroit Shred Day.This marks t ...

Industry Overview - The U.S. banking industry is experiencing a trend towards consolidation, with over 4,500 banks currently operating, while four major banks—JPMorgan Chase, Bank of America, Wells Fargo, and Citigroup—control trillions in assets [1] - Smaller banks are likely to continue merging to achieve scale, and similar consolidation may occur among large regional banks with assets ranging from $75 billion to $700 billion [1] Regulatory Environment - The Trump administration has facilitated mergers and acquisitions in the banking sector, contrasting with the more restrictive approach of the Biden administration [2] - Large regional banks must increase their size to effectively compete with the top four banks, and acquisition candidates can often command a premium for their shareholders [2] Potential Acquisition Targets Comerica - Comerica has approximately $78 billion in assets and operates in key markets such as Texas and the Southeast U.S., positioning it awkwardly between local and larger banks [3] - The $100 billion asset threshold has been a regulatory concern, as banks of this size are often deemed "too big to fail," necessitating reassessment of regulations and capital requirements [4] - Comerica has opted not to extend a banking relationship with the U.S. Treasury that provided $3 billion in noninterest-bearing deposits, which may contribute to its lower valuation compared to peers [6] - The bank's price-to-tangible book value (TBV) is a critical metric for potential acquisitions, with a lower price-to-TBV making it more attractive for buyers [7][10] - CEO Curtis Farmer has a change-in-control agreement that would yield over $35 million if the bank is acquired [11] KeyCorp - KeyCorp is another potential acquisition target, with a lower price-to-TBV and strong capital-light, fee-based businesses, including investment banking and trust services [12] - The bank sold a 14.9% stake to Scotiabank for $2.8 billion to enhance capital flexibility, allowing Scotiabank to increase its stake to 19.9% over the next five years [13][14] - KeyCorp's CEO Chris Gorman also has a change-in-control agreement that would pay out approximately $35.7 million if the bank is acquired [15]

DALLAS, May 28, 2025 /PRNewswire/ -- Comerica Incorporated (NYSE: CMA) announced it will participate in the 2025 Morgan Stanley US Financials Conference on Wednesday, June 11, 2025.Comerica Incorporated also provided details for its second quarter 2025 earnings call on Friday, July 18, 2025.Interested parties may access additional information through the following details:2025 MORGAN STANLEY US FINANCIALS CONFERENCE Date: Wednesday, June 11, 2025 Time:  8 a.m. CT / 9 a.m. ET Participating: ...

Top 4 entrepreneurs to compete on June 11 for startup funds and business support to open a brick-and-mortar locationDETROIT, May 27, 2025 /PRNewswire/ -- The Comerica Hatch Detroit Contest by TechTown, the small business competition behind many of Detroit's most popular neighborhood storefronts, has announced the Top 4 businesses advancing to the final stage of the 2025 competition.These four entrepreneurs will have the opportunity to compete in the Hatch Off, where they will pitch their businesses for the ...

Top 10 entrepreneurs vie for $100,000 prize from Comerica Bank as public voting beginsDETROIT, May 15, 2025 /PRNewswire/ -- The Comerica Hatch Detroit Contest by TechTown, the small business competition behind many of Detroit's most popular neighborhood storefronts, is unveiling its Top 10 semifinalists. These entrepreneurs will go head-to-head over the coming weeks, competing to win $100,000 in startup funds from Comerica Bank to open a brick-and-mortar storefront in Detroit, Hamtramck or Highland Park. ...

Core Points - Comerica Bank is contributing $250,000 to support small business incubation during National Small Business Week, with each of the five selected nonprofit organizations receiving $50,000 [1][3][4] - The five nonprofit organizations include Impact Ventures, Pacific Asian Consortium in Employment, TechTown Detroit, Women's Business Enterprise Alliance, and Working Solutions CDFI, all focused on entrepreneurial development [3][4] - Comerica Bank has established dedicated small business banking teams and launched innovative initiatives to enhance small business growth and customer experiences since 2022 [6][7] Summary by Category Financial Contribution - Comerica Bank is donating a total of $250,000 to five nonprofit organizations, each receiving $50,000, to assist entrepreneurs in various markets [1][3] - The contribution is part of a week-long celebration of small businesses, highlighting the importance of community support [3][4] Nonprofit Organizations - Impact Ventures has engaged nearly 3,500 individuals and supported 255 entrepreneurs who raised over $25 million [12][13] - Pacific Asian Consortium in Employment has helped over 1.4 million individuals achieve economic mobility since its founding [14][15] - TechTown Detroit has supported over 6,090 companies, creating 2,277 jobs and raising more than $406 million in capital [17] - Women's Business Enterprise Alliance has doubled its membership and established scholarship and mentoring programs since 1995 [19][20] - Working Solutions has deployed $60 million in capital and provided over 50,000 consulting hours to more than 3,000 small businesses [21] Community Engagement and Initiatives - Comerica Bank is hosting Business $ense bootcamps and various activities for small businesses during National Small Business Week [9] - The bank has launched services like Comerica BusinessHQ™ and Comerica CoWorkSpaces® to provide resources and collaborative spaces for small businesses [7][8] - Comerica is recognized for its long-term relationships and advisory capabilities in small business banking [10]

Financial Performance - Net income for Q1 2025 was $172 million, an increase of $2 million from $170 million in Q4 2024, driven by higher noninterest income and lower noninterest expenses [143]. - Diluted earnings per share rose to $1.25 in Q1 2025 from $1.22 in Q4 2024, reflecting an increase of $0.03 per share [143]. - Net income rose by $34 million to $172 million for the three months ended March 31, 2025, compared to $138 million for the same period in 2024, driven by higher net interest income and lower noninterest expenses [158]. - Noninterest income rose to $254 million in Q1 2025, compared to $250 million in Q4 2024, reflecting improved performance in various segments [143]. - Noninterest income increased by $18 million to $254 million for the three months ended March 31, 2025, compared to $236 million for the same period in 2024 [168]. Interest Income and Expenses - Net interest income remained stable at $575 million for both Q1 2025 and Q4 2024, while net interest margin increased by 12 basis points to 3.18% [149]. - Net interest income increased by $27 million to $575 million for the three months ended March 31, 2025, compared to $548 million for the same period in 2024 [165]. - The average rate on total earning assets was 5.11% in Q1 2025, slightly down from 5.15% in Q4 2024 [144]. - The average rate on commercial loans increased to 5.72% for the three months ended March 31, 2025, compared to 5.30% for the same period in 2024 [160]. Credit Quality - Provision for credit losses decreased to $20 million in Q1 2025 from $21 million in Q4 2024, with the allowance for credit losses at 1.44% of total loans for both periods [151]. - The provision for credit losses increased by $6 million to $20 million for the three months ended March 31, 2025, reflecting changes in the loan portfolio and economic uncertainty [166]. - Net loan charge-offs increased to $26 million in Q1 2025, up from $16 million in Q4 2024, primarily due to increases in Commercial Real Estate and Corporate Banking [152]. - The Corporation's net charge-offs increased by $12 million to $26 million, driven by Commercial Real Estate, Entertainment, and Corporate Banking [180]. - Nonperforming assets decreased by $7 million to $301 million at March 31, 2025, from $308 million at December 31, 2024, with nonperforming loans at 0.60% of total loans [224]. Asset and Liability Management - Total assets decreased to $77.558 billion in Q1 2025 from $79.234 billion in Q4 2024, indicating a reduction in the balance sheet size [144]. - Total assets decreased by $1.7 billion to $77.6 billion at March 31, 2025, reflecting a $1.2 billion decrease in interest-bearing deposits with banks [188]. - Total liabilities decreased by $2.2 billion to $70.6 billion at March 31, 2025, primarily due to a $1.3 billion decrease in noninterest-bearing deposits [189]. - The allowance for credit losses decreased by $6 million to $719 million, maintaining a ratio of 1.44% of total loans [210]. Economic Outlook - The Corporation's management anticipates continued economic uncertainty impacting credit quality and loan performance in the upcoming quarters [140]. - Economic forecasts as of March 31, 2025, reflected improved GDP growth and unemployment trends compared to December 31, 2024 [213]. - Real GDP growth is projected to improve unevenly, reaching 2.1% by the end of 2026, while the unemployment rate is expected to hold at approximately 4.2% throughout the forecast period [218]. Capital and Liquidity - The Corporation's estimated Common Equity Tier 1 (CET1) capital ratio increased to 12.05% from 11.89% at December 31, 2024 [200]. - The Corporation had liquid assets of $1.3 billion on an unconsolidated basis as of March 31, 2025, ensuring sufficient liquidity for expected obligations [266]. - The Corporation's liquidity sources included $4.549 billion in cash on deposit with the FRB and $7.441 billion in unencumbered investment securities, totaling available liquidity of $42.450 billion as of March 31, 2025 [291]. Direct Express Program - For the three months ended March 31, 2025, average deposits related to the Direct Express program were $3.6 billion, all of which were noninterest-bearing [299]. - Card fee income related to the Direct Express program was $28 million for the three months ended March 31, 2025 [299]. - Noninterest expenses related to the Direct Express program for the three months ended March 31, 2025 were $28 million, primarily due to outside processing fee expense [299]. - The Corporation cannot currently predict the impact of the potential loss of the Direct Express contract and related deposits, which could be material [299].

Group 1 - Comerica Incorporated announced the results of its annual meeting of shareholders, where directors were elected for one-year terms [1] - Shareholders ratified the appointment of Ernst & Young LLP as the independent registered public accounting firm and approved a non-binding advisory proposal on executive compensation [2] Group 2 - Comerica is a financial services company headquartered in Dallas, Texas, with a focus on three business segments: The Commercial Bank, The Retail Bank, and Wealth Management [3] - As of March 31, 2025, Comerica reported total assets of $77.6 billion and operates in 15 states, servicing 13 of the 15 largest U.S. metropolitan areas, as well as Canada and Mexico [3]

Core Insights - Comerica Bank has appointed Matt Marchbanks as the Fort Worth Market President, where he will also serve as Senior Vice President, Middle Market and Business Banking Group Manager [1][2] Group 1: Leadership and Responsibilities - Marchbanks will manage business and community development efforts in Tarrant County, focusing on acquiring and strengthening relationships [1] - He will oversee the Middle Market & Business Banking relationship teams, reporting to Brian Enzler, Director of Middle Market and Business Banking for North Texas [1][2] Group 2: Background and Experience - Marchbanks has 25 years of experience in financial services, having started his career with the Comerica Commercial Banking Development Program [2] - He has held various leadership roles, most recently leading commercial banking for the Dallas-Fort Worth West and South Florida regions [2] - Marchbanks is a longtime resident of Tarrant County and holds a bachelor's degree in finance from Texas A&M University [3] Group 3: Company Overview - Comerica Incorporated is a financial services company headquartered in Dallas, Texas, and is one of the 25 largest commercial U.S. financial holding companies [4] - The company operates through three business segments: The Commercial Bank, The Retail Bank, and Wealth Management [4] - As of March 31, 2025, Comerica reported total assets of $77.6 billion [4]