Compared to Estimates, Comerica (CMA) Q4 Earnings: A Look at Key Metrics

Core Insights - Comerica Incorporated (CMA) reported $844 million in revenue for Q4 2024, a year-over-year increase of 7.9% [1] - The EPS for the same period was $1.20, down from $1.46 a year ago, with an EPS surprise of -4.00% compared to the consensus estimate of $1.25 [1] Financial Performance Metrics - Efficiency Ratio was 69.5%, better than the estimated 70.3% [4] - Net interest margin stood at 3.1%, exceeding the average estimate of 3% [4] - Net charge-offs (recoveries)/Average total loans were 0.1%, better than the estimated 0.2% [4] - Average Balance of Total earning assets was $72.07 billion, below the estimated $73.89 billion [4] - Total nonperforming assets were $308 million, higher than the average estimate of $250.38 million [4] - Total nonperforming loans were also $308 million, compared to the estimated $250.07 million [4] - Net interest income reached $575 million, surpassing the average estimate of $557.66 million [4] - Total noninterest income was $269 million, slightly below the estimated $275.72 million [4] - Service charges on deposit accounts were $47 million, above the estimated $45.72 million [4] - Commercial lending fees were $18 million, exceeding the average estimate of $17.39 million [4] - Fiduciary income was $54 million, below the estimated $57.71 million [4] - Letter of credit fees were $10 million, close to the estimated $10.54 million [4] Stock Performance - Comerica shares returned +6.3% over the past month, outperforming the Zacks S&P 500 composite's +2.1% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market [3]