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].

Core Viewpoint - Comerica Incorporated (CMA) is expected to report quarterly earnings of $1.14 per share, reflecting an 11.6% decline year-over-year, while revenues are forecasted to increase by 5.8% to $829.64 million [1] Earnings Projections - The consensus EPS estimate has been revised 1.8% lower in the last 30 days, indicating a reevaluation by analysts [2] - Changes in earnings projections are crucial for predicting investor reactions, with empirical studies showing a strong correlation between earnings estimate trends and short-term stock price movements [3] Key Metrics Analysis - Analysts project the 'Efficiency Ratio' to reach 71.9%, down from 76.9% a year ago [5] - The 'Average Balance - Total earning assets' is estimated at $71.18 billion, compared to $75.81 billion in the previous year [5] - 'Total nonperforming assets' are expected to be $314.05 million, up from $217 million in the same quarter last year [5] - 'Total nonperforming loans' are projected to reach $317.08 million, an increase from $217 million year-over-year [6] - 'Total noninterest income' is anticipated to be $266.25 million, compared to $236 million in the previous year [6] Income Estimates - 'Net interest income' is expected to be $566.88 million, compared to $548 million in the same quarter last year [7] - 'Service charges on deposit accounts' are projected at $46.05 million, slightly up from $45 million year-over-year [7] - 'Fiduciary income' is estimated to reach $54.23 million, compared to $51 million in the previous year [8] - 'Commercial lending fees' are expected to be $17.35 million, up from $16 million year-over-year [8] - 'Bank-owned life insurance' is projected at $11.03 million, compared to $10 million in the previous year [8] - 'Capital markets income' is estimated at $36.72 million, up from $30 million in the same quarter last year [9] - 'Letter of credit fees' are projected at $9.95 million, slightly down from $10 million year-over-year [9] Stock Performance - Comerica shares have decreased by 9.9% in the past month, while the Zacks S&P 500 composite has declined by 3.9% [9] - With a Zacks Rank 3 (Hold), CMA is expected to closely follow the overall market in the near term [10]

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]

Comerica Incorporated (CMA) shares ended the last trading session 9.3% higher at $55.10. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 11.5% loss over the past four weeks.Comerica witnessed a significant rally following Trump’s announcement on April 9, 2025, of a 90-day pause on reciprocal tariffs for most trading partners, excluding China. The tariff pause reduced immediate fears of a trade war, fostering a more ...

Core Points - Comerica Bank and Iron Mountain Incorporated are hosting the 13th annual Comerica Bank Shred Day DFW on April 12, 2025, offering free shredding of sensitive documents [2][3] - The event aims to raise awareness about identity theft prevention and environmental protection, while also supporting the North Texas Food Bank by collecting food and monetary donations [3][4] Company Overview - Comerica Incorporated is a financial services company headquartered in Dallas, Texas, with total assets of $79.3 billion as of December 31, 2024 [6] - The company operates through three business segments: The Commercial Bank, The Retail Bank, and Wealth Management, and has 380 banking centers across the U.S. [6] Event Impact - Since its inception in 2011, Shred Day DFW has securely destroyed and recycled over 3.9 million pounds of paper and provided more than 646,000 meals to residents in the DFW area facing hunger [5]

DETROIT, March 26, 2025 /PRNewswire/ -- Comerica Bank Executive Vice President, National Businesses for Energy, Renewables, and Waste, Joe Ursuy, has been elected to the National Waste & Recycling Association (NWRA) Hall of Fame Class of 2025, announced by the NWRA. Joe Ursuy, Comerica Bank Executive Vice President, National Businesses for Energy, Renewables, and Waste. The Hall of Fame inductees were chosen by NWRA's Board of Trustees from a list of distinguished finalists compiled by the Association's ...

Public encouraged to drop-off dresses and accessories at select Comerica locations March 24-April 18 DETROIT, March 24, 2025 /PRNewswire/ -- Comerica Bank is welcoming donations for its seventh annual Prom Dress Drive beginning Monday, March 24, and continuing through Friday, April 18, in support of community partner Jackets for Jobs. Nine Comerica banking centers throughout Metro Detroit will serve as collection sites. Individuals and businesses alike can drop off new or gently used dresses, along with acc ...

Group 1: Event Overview - Comerica Bank and Iron Mountain will host a free document shredding event on April 5, 2025, from 8 a.m. to 3 p.m. at Comerica's Mangum Banking Center in Houston [1] - The event aims to securely shred sensitive documents to prevent identity theft and promote environmental sustainability by recycling the shredded paper [2] Group 2: Community Impact - The event will also support the Houston Food Bank by collecting cash, credit card donations, and nonperishable food items to help combat hunger in the community [3] - Since its inception in 2013, Shred Day Houston has recycled over 1 million pounds of paper and provided approximately 410,000 meals to residents facing hunger [4] Group 3: Company Background - Comerica Incorporated is a financial services company headquartered in Dallas, Texas, with total assets of $79.3 billion as of December 31, 2024 [5] - The company operates 380 banking centers across the U.S. and has a strategic focus on building relationships and supporting the success of individuals and businesses [5]

Group 1 - The Consumer Financial Protection Bureau (CFPB) has requested a federal judge to pause its enforcement action against Comerica Bank, indicating a review of the matter by new CFPB leadership [1][2] - The enforcement action against Comerica Bank alleges systematic failures in servicing federal benefit recipients through the Direct Express program, which has been managed by Comerica since 2008 for approximately 3.4 million beneficiaries [3][4] - Allegations against Comerica Bank include disconnecting customer service calls, charging illegal ATM fees, misleading fraud victims, imposing illegal terms of service, failing to investigate account issues, and forcing account closures to stop preauthorized payments [4][5] Group 2 - Comerica Bank has publicly stated its intention to defend its record as the financial agent for the Direct Express program and has filed a lawsuit against the CFPB, challenging the agency's regulatory actions [5] - The CFPB has recently dropped five enforcement actions, including one against Capital One, amid claims of the agency being politicized under the Trump administration [2][6] - The new CFPB leadership, represented by Jonathan McKernan, has acknowledged that the agency has acted in a manner that has hindered its mission [6]