Comerica(US:CMA) ZACKSยท2025-06-13 17:20Core 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]