Comerica Incorporated (CMA) came out with quarterly earnings of $1.46 per share, beating the Zacks Consensus Estimate of $1.38 per share. This compares to earnings of $2.58 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 5.80%. A quarter ago, it was expected that this company would post earnings of $1.70 per share when it actually produced earnings of $1.84, delivering a surprise of 8.24%.Over the last four quarters, the compa ...

Increased $163MM + $113MM FDIC insurance (includes special assessment, $109MM) + $44MM salaries & benefits (includes Ameriprise, -$2MM) Diversified Geographic Footprint Texas • Established: 1988 • #2 largest state GDP • Business friendly environment • Dallas-Fort Worth, Houston, Austin, San Antonio California • Established: 1991 • #1 largest state GDP • Deep industry expertise • L.A., San Diego, San Jose, San Francisco Michigan • Established: 1849 • #14 largest state GDP • Large retail deposit base • Detroi ...

DALLAS, Jan. 19, 2024 /PRNewswire/ -- Comerica Incorporated (NYSE: CMA) has reported its fourth quarter and full-year 2023 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 fourth quarter an ...

Notes to Consolidated Financial Statements (unaudited) Comerica Incorporated and Subsidiaries | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |----------------------------------------------------------------------------------|-------|-------------------------------------|---------------|---------|-------|-------|-------------------------------------------------------------------------------------|---------|-----------| | (in millions) \nTotal interest on medium- and long-term debt (a) | $ | Th ...

Comerica Incorporated (NYSE:CMA) Q3 2023 Earnings Conference Call October 20, 2023 8:00 AM ET Company Participants Kelly Gage - Director of Investor Relations Curt Farmer - President, Chairman and Chief Executive Officer Jim Herzog - Chief Financial Officer Peter Sefzik - Chief Banking Officer Melinda Chausse - Chief Credit Officer Conference Call Participants Jon Arfstrom - RBC Capital Markets Ebrahim Poonawala - Bank of America John Pancari - Evercore ISI Steven Alexopoulos - JPMorgan Chris McGratty - KBW ...

• Prioritized Small Businesses: • Exceeded our 3-year goal to lend $5B to Small Businesses; achieved 102% of our commitment, assisting > 15K small businesses across our footprint. • Delivered award winning, targeted deposit product A FORCE Strong Financial Results 1 Includes gains/(losses) related to deferred comp asset returns of ($3MM) 3Q22, $4MM 2Q23, ($3MM) 3Q23 2Diluted earnings per common share 3Noninterest expenses as a percentage of the sum of net interest income and noninterest income excluding net ...

The Corporation's focus is commercial customers, and accordingly, it has a larger percentage of uninsured deposits relative to financial institutions with a higher consumer focus. These deposits are well-diversified between geographies, industries and customers. At June 30, 2023, the Retail Banking and general Middle Market segments, both highly diversified and granular, accounted for 36% and 27% of the total deposit base, respectively. Corporate Banking and Technology and Life Sciences comprised 5% each of ...

Comerica Incorporated (NYSE:CMA) Q2 2023 Earnings Conference Call July 21, 2023 8:00 AM ET Company Participants Kelly Gage - Director, Investor Relations Curtis Farmer - Chairman, President and Chief Executive Officer James Herzog - Senior Executive Vice President and Chief Financial Officer Melinda Chausse - Senior Executive Vice President and Chief Credit Officer Peter Sefzik - Senior Executive Vice President and Chief Banking Officer Conference Call Participants John Pancari - Evercore Steven Alexopoulos ...

The economic forecasts informing the current expected credit loss (CECL) model primarily reflected continued strong credit quality, a tight labor market and strong demand for goods and services. Strong job and wage growth and pent-up demand from consumers have supported growth in the broader U.S. economy. However, there are increasing downside risks from recent bank failures, inflationary pressures, tighter monetary policy, negotiations around the U.S. federal debt ceiling, and the slowing housing market. F ...

Comerica Incorporated (NYSE:CMA) Q1 2023 Results Conference Call April 20, 2023 8:00 AM ET Company Participants Kelly Gage - Director, Investor Relations Curtis Farmer - Chairman, President, and Chief Executive Officer Jim Herzog - Chief Financial Officer Peter Sefzik - Senior EVP & Chief Banking Officer Melinda Chausse - Chief Credit Officer Conference Call Participants Steven Alexopoulos - J.P. Morgan Ebrahim Poonawala - BofA Securities, Research Division Manan Gosalia - Morgan Stanley Brody Preston – UBS ...