Core Viewpoint - Comerica Incorporated (CMA) is expected to report second-quarter 2025 results on July 18, with anticipated revenue growth but a decline in earnings compared to the previous year [1][2]. Financial Performance Expectations - The Zacks Consensus Estimate for second-quarter 2025 earnings is $1.23 per share, reflecting a 19.6% decline from the year-ago quarter [2][9]. - Revenue estimates for the same quarter are projected at $844.7 million, indicating a 2.5% increase year-over-year [2][9]. Loan and Net Interest Income (NII) Insights - The lending environment has been stable, with modest loan demand reported by the Federal Reserve [3]. - Average loans are expected to be higher than the first quarter of 2025, with average earning assets estimated at $70.4 billion, showing a marginal increase [4]. - The consensus estimate for NII is $576.5 million, reflecting a slight rise from the previous quarter's figure of $575 million [5]. Non-Interest Income and Market Activity - Global mergers and acquisitions activity improved in the second quarter, contributing positively to capital market fees, which are estimated at $32.8 million, a 5.9% sequential rise [6][8]. - The IPO market saw a resurgence, leading to increased capital raised and improved market sentiment [7]. Fee Income and Deposit Trends - Overall fee income is expected to grow by 3.7% to $263.5 million, driven by stronger capital markets and card-related revenues [11]. - Average deposits declined by 1% to $61.3 billion, with expectations of further declines impacting service charges on deposits, estimated at $47 million, a 2.1% increase from the prior quarter [10]. Expense and Asset Quality Considerations - Higher expenses are anticipated due to increased compensation costs and lower gains on real estate sales, with non-interest expenses projected to rise slightly from $584 million in the first quarter [12][13]. - The Zacks Consensus Estimate for non-performing loans is $308.5 million, indicating a 2.5% rise from the previous quarter [14]. Earnings Prediction Model - The likelihood of Comerica beating earnings estimates is low, with an Earnings ESP of -0.46% and a Zacks Rank of 3 [15].

Core Viewpoint - Comerica Incorporated (CMA) is expected to report a quarterly earnings per share (EPS) of $1.23, reflecting a decline of 19.6% year-over-year, while revenues are forecasted to increase by 2.5% to $844.72 million [1] Earnings Estimates - The consensus EPS estimate has been revised 1.3% lower in the last 30 days, indicating a reevaluation by analysts [2] - Revisions to earnings projections are crucial for predicting investor behavior and stock price performance [3] Key Financial Metrics - The consensus estimate for the Efficiency Ratio is 70.1%, up from 67.8% in the same quarter last year [5] - Analysts project the Average Balance of Total earning assets to be $70.40 billion, down from $71.83 billion year-over-year [5] - Total nonperforming assets are expected to reach $306.34 million, compared to $226.00 million in the same quarter last year [6] - Total nonperforming loans are estimated at $308.51 million, also up from $226.00 million year-over-year [6] Income Projections - Net interest income is forecasted at $576.45 million, an increase from $533.00 million in the same quarter last year [7] - Total noninterest income is expected to be $263.45 million, down from $291.00 million year-over-year [7] - Service charges on deposit accounts are projected at $46.96 million, slightly up from $46.00 million last year [8] - Commercial lending fees are estimated at $16.82 million, down from $17.00 million in the same quarter last year [8] Additional Income Metrics - Fiduciary income is expected to be $54.69 million, down from $58.00 million year-over-year [9] - Letter of credit fees are projected at $11.94 million, up from $10.00 million last year [9] - Capital markets income is estimated at $32.83 million, down from $37.00 million in the same quarter last year [9] - Card fees are expected to reach $60.98 million, down from $64.00 million year-over-year [10] Stock Performance - Comerica shares have returned +15.1% over the past month, outperforming the Zacks S&P 500 composite's +5% change [11]

Core Viewpoint - Comerica Incorporated (NYSE: CMA) is assigned a "Hold" rating, indicating a balanced perspective on the opportunities and risks surrounding the bank and its market [1]. Company Fundamentals - The company demonstrates solid fundamentals in its structure, suggesting resilience in its operations despite market challenges [1].

Financial Performance & Key Metrics - FY24 net income was $698 million, with earnings per share at $5.02 [11] - Adjusted earnings per share for FY24 were $5.39 [11] - The CET1 ratio was 11.89% [8, 11], well above the company's strategic target - The efficiency ratio for FY24 was 70.68% [11] - Net interest income for FY24 was $2.19 billion [11] Balance Sheet & Loan Portfolio - Average loans for FY24 were $50.979 billion [11], a decrease of $2.924 billion year-over-year [11] - Average deposits for FY24 were $63.901 billion [11], a decrease of $2.117 billion year-over-year [11] - Brokered time deposits were reduced to $4.8 billion at the end of 2024 [8] from $10.4 billion in 2023 [8] Credit Quality & Risk Management - Net charge-offs for FY24 were historically low at 0.10% of average total loans [8] - Allowance for credit losses as a percentage of total loans was 1.44% in 4Q24 [15] - Criticized loans in the Commercial Real Estate business line were 4.4% of loans as of 4Q24 [72] Strategic Initiatives & Market Presence - The company has a diversified geographic footprint with significant presence in Texas (25% of loans, 17% of deposits), California (36% of loans, 27% of deposits), and Michigan (22% of loans, 15% of deposits) [5] - The company resumed share repurchases in 4Q24 [9] - Wealth Management represents approximately 27% of Comerica's Noninterest Income and has >$200B Assets Under Administration (AUA) [100]

Group 1 - Comerica Bank has appointed Stephen Jeffrey as Senior Vice President and Austin Market President, responsible for market strategy, community development, and growth [1] - Jeffrey has over 27 years of experience in Private and Commercial banking in Central Texas, previously working with PNC Bank [2] - His family has been involved in the Austin community for over a century, contributing to local arts, business, and public service [3] Group 2 - Jeffrey is a graduate of the University of Wisconsin-Madison Graduate School of Banking and holds a Bachelor of Business Administration in finance from Texas State University [4] - Comerica Bank is headquartered in Dallas, Texas, and operates across 15 states, focusing on building relationships and providing financial services [5] - As of March 31, 2025, Comerica reported total assets of $77.6 billion [5]

Core Points - The Comerica Bank-Kalamazoo Growlers Summer Food Drive aims to support the South Michigan Food Bank by encouraging public donations of nonperishable food items [1][3] - The food drive runs from June 20 to July 24, with a final donation opportunity at a Kalamazoo Growlers home game on July 25 [2][10] - The initiative has successfully generated approximately 193,000 meals since its inception in 2022 and has seen a total donation of $32,000 from Comerica Bank and its charitable foundation [7] Company Involvement - Comerica Bank emphasizes its commitment to community support through this food drive, highlighting the importance of the South Michigan Food Bank in providing nutritious meals [3][8] - The bank offers incentives for donations, including Growlers ticket vouchers and themed prizes for contributors [4][5] - Comerica Bank has a long-standing presence in Michigan, with over 4,300 employees and a focus on community engagement and charitable contributions [11] Community Impact - The partnership between Comerica Bank, the Kalamazoo Growlers, and the South Michigan Food Bank showcases effective collaboration to address local hunger and food insecurity [8][9] - The food drive is part of a broader community engagement strategy that includes educational initiatives, such as financial education programs for local students [9]

Core Viewpoint - Comerica Bank is adopting new On-Behalf-Of (OBO) payment capabilities on the RTP network, enhancing its instant payment solutions for clients like Monex USA, which will facilitate real-time disbursements and improve operational efficiency [1][3][4]. Group 1: OBO Payment Capabilities - OBO payments allow a sender to make payments on behalf of another person, enhancing payment transparency and risk management through revised rules [2][3]. - The new framework for OBO payments broadens the benefits of RTP transactions, enabling real-time disbursement use cases such as payroll and marketplace payouts [3][4]. Group 2: Impact on Clients - Monex USA will leverage RTP OBO payments to streamline its operational processes and enhance transparency in domestic transactions [4][5]. - The introduction of OBO payments aligns with Monex USA's strategy to integrate advanced payment systems, providing clients with real-time insights and improved decision-making capabilities [5]. Group 3: Comerica Bank Overview - Comerica Bank is a significant player in the U.S. financial services sector, with total assets of $77.6 billion as of March 31, 2025, and a focus on building customer relationships [7]. - The bank has been an early adopter of the RTP network, emphasizing its commitment to delivering innovative payment solutions [4][6]. Group 4: The Clearing House - The Clearing House operates the RTP network, which processes over one million transactions daily for more than 950 banks and credit unions, facilitating secure and efficient payment systems [3][9].

Core Insights - Comerica Incorporated (CMA) has revised its second-quarter 2025 outlook for loans and deposits, indicating a decline in average deposits and an increase in average loans compared to previous guidance [1][3][7] Group 1: Deposit Trends - Average deposits for the quarter to date through May 31, 2025, have decreased by $0.6 billion compared to the first quarter, with significant declines noted in middle market, retail, and corporate banking [1][2][7] - The bank's previous guidance anticipated average deposits to remain flat from the first quarter's $61.9 billion, but current trends suggest downward pressure on this outlook [2][7] Group 2: Loan Performance - Average loans for the quarter to date have increased by $200 million from the previous quarter, driven by growth in corporate and private banking, although this was partially offset by declines in equity fund services and national dealer services [3][7] - Comerica now expects average loan balances to outperform earlier guidance, which had projected a slight decline from the first quarter's $50.2 billion [3][7] Group 3: Income and Expenses - Net interest income (NII) for the second quarter is projected to be relatively flat at $575 million, with a 5-7% increase anticipated for 2025 compared to 2024 [4] - Non-interest income is expected to show stronger growth from the first quarter's $254 million, with a projected 2% year-over-year increase for 2025 [4] - Non-interest expenses are anticipated to be slightly higher than the previous quarter's $584 million, with a 2-3% rise expected for 2025 compared to 2024 [5] Group 4: Market Performance - CMA shares have declined by 7% year-to-date, contrasting with a 2.7% decline in the industry [6]

Funds and technical support will help 2025 winner bring seasonal bakery to DetroitDETROIT, June 12, 2025 /PRNewswire/ -- The winning small business of the 2025 Comerica Hatch Detroit Contest by TechTown has been announced! Walter Pat's Bakery Cafe is the winner of the 13th annual Comerica Hatch Detroit Contest, taking home the $100,000 grand prize from Comerica Bank to open the brick-and-mortar business of their dreams in Detroit, Hamtramck or Highland Park, as well as a business support package from TechTo ...

Peter Sefzik Chief Banking Officer Allysun Fleming EVP, Payments Kelly Gage Director of Investor Relations Jim Herzog Chief Financial Officer Comerica Incorporated Morgan Stanley US Financials Conference June 11, 2025 Safe Harbor Statement This presentation contains forward-looking statements within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as "achieve," "anticipate," "assume," "believe," ...