Sign in

    Comerica Inc (CMA)

    You might also like

    Comerica Incorporated (CMA) is a financial services company that provides a wide range of banking and financial solutions to businesses, individuals, and institutional clients. The company specializes in commercial banking, retail banking, and wealth management, offering products such as loans, deposit accounts, investment services, and financial planning. Comerica also manages its securities portfolio and financial risks through its Finance Division.

    1. Commercial Bank - Serves small and middle-market businesses, multinational corporations, and governmental entities by offering commercial loans, lines of credit, deposits, cash management, capital market products, international trade finance, letters of credit, foreign exchange management, and loan syndication services.

    2. Retail Bank - Provides personal financial services, including consumer lending, deposit gathering, and mortgage loan origination. Offers deposit accounts, installment loans, credit cards, home equity lines of credit, residential mortgage loans, and services for small businesses through dedicated business bankers and branch networks.

    3. Wealth Management - Caters to affluent, high-net-worth, and ultra-high-net-worth individuals, families, business owners, executives, and institutional clients. Provides fiduciary services, private banking, retirement services, investment management and advisory, brokerage, and business transition planning.

    4. Finance Division - Manages the corporation's securities portfolio, funding, liquidity, and capital needs. Conducts interest sensitivity analysis and manages exposure to liquidity, interest rate, and foreign exchange risks.

    Revenue by Segment - in Millions of USDFY 2013Q1 2014Q2 2014Q3 2014FY 2014Q1 2015Q2 2015Q3 2015FY 2015Q1 2016Q2 2016Q3 2016FY 2016Q1 2017Q2 2017Q3 2017FY 2017Q1 2018Q2 2018Q3 2018FY 2018Q1 2019Q2 2019Q3 2019FY 2019Q1 2020Q2 2020Q3 2020FY 2020Q1 2021Q2 2021Q3 2021FY 2021Q1 2022Q2 2022Q3 2022Q4 2022FY 2022Q1 2023Q2 2023Q3 2023Q4 2023FY 2023Q1 2024Q2 2024Q3 2024
    Commercial Bank6846546556612654625611613
    - Net Interest Income-123-140-187-141-591-217-183-220
    - Noninterest Income233340-4749-113426
    Retail Bank250243239233965228236229
    Wealth Management131134127123515112126119
    Finance & Other-100-107-147-188-542-228-149-194
    Total Revenue9659248748293592784824811
    KPIs - Metric (Unit, Scale)FY 2013Q1 2014Q2 2014Q3 2014FY 2014Q1 2015Q2 2015Q3 2015FY 2015Q1 2016Q2 2016Q3 2016FY 2016Q1 2017Q2 2017Q3 2017FY 2017Q1 2018Q2 2018Q3 2018FY 2018Q1 2019Q2 2019Q3 2019FY 2019Q1 2020Q2 2020Q3 2020FY 2020Q1 2021Q2 2021Q3 2021FY 2021Q1 2022Q2 2022Q3 2022Q4 2022FY 2022Q1 2023Q2 2023Q3 2023Q4 2023FY 2023Q1 2024Q2 2024Q3 2024
    Percentage of total loans that are higher-risk commercial and industrial (HR C&I) (percentage)666-5665
    Number of borrowers with a balance greater than 2 million transferred to nonaccrual status (count)343-16655
    Number of banking centers in Michigan (count)177177176-176176159159
    Number of banking centers in Texas (count)115115115-116116114113
    Number of banking centers in California (count)929292-92928888
    Number of banking centers in Other Markets (count)262525-24242020
    Total number of banking centers (count)410409408-408408381380
    Number of nonaccrual loan borrowers under 2 million (count)469459446-457428448469
    Number of nonaccrual loan borrowers 2 million - 5 million (count)141210-1113913
    Number of nonaccrual loan borrowers 5 million - 10 million (count)886-5454
    Number of nonaccrual loan borrowers 10 million - 25 million (count)432-4366
    Total number of nonaccrual loan borrowers (count)495482464-477450468492
    NamePositionExternal RolesShort Bio

    Curtis C. Farmer

    ExecutiveBoard

    Chairman, President, and CEO

    None mentioned

    Curtis C. Farmer leads Comerica as Chairman, President, and CEO. No additional external roles are listed.

    View Report →

    Corey R. Bailey

    Executive

    EVP, Head of Middle Market and Business Banking

    None mentioned

    Corey R. Bailey leads Comerica's Middle Market and Business Banking operations.

    J. McGregor Carr

    Executive

    EVP, Wealth Management

    None mentioned

    J. McGregor Carr leads Comerica's Wealth Management division, focusing on financial services for high-net-worth clients.

    James J. Herzog

    Executive

    Senior EVP and CFO

    None mentioned

    James J. Herzog oversees Comerica's financial operations as CFO. No external roles are listed.

    Mauricio A. Ortiz

    Executive

    EVP, Chief Accounting Officer, and Controller

    None mentioned

    Mauricio A. Ortiz serves as Comerica's Chief Accounting Officer and Controller, overseeing accounting and financial reporting.

    Megan D. Burkhart

    Executive

    Senior EVP, Chief Administrative Officer, and Chief HR Officer

    None mentioned

    Megan D. Burkhart leads Comerica's administrative and HR functions, focusing on talent development and governance.

    Megan D. Crespi

    Executive

    Senior EVP and COO

    None mentioned

    Megan D. Crespi oversees operations, technology, and digital transformation at Comerica.

    Melinda A. Chausse

    Executive

    Senior EVP and Chief Credit Officer

    None mentioned

    Melinda A. Chausse oversees Comerica's credit operations and risk management.

    Wendy W. Bridges

    Executive

    EVP, Corporate Responsibility

    None mentioned

    Wendy W. Bridges oversees Comerica's corporate responsibility initiatives, including community engagement and sustainability.

    Arthur G. Angulo

    Board

    Director

    Managing Director at Promontory Financial Group (IBM Consulting)

    Arthur G. Angulo brings regulatory and risk management expertise from his career at the Federal Reserve Bank of New York and Promontory Financial Group.

    Barbara R. Smith

    Board

    Director

    Executive Chairman of Commercial Metals Company

    Barbara R. Smith is a financial expert and former CEO of Commercial Metals Company, bringing leadership and operational expertise to Comerica's Board.

    Derek J. Kerr

    Board

    Director

    Board Member at AECOM Group, Inc.

    Derek J. Kerr is a financial expert with extensive experience as CFO of American Airlines Group and serves on Comerica's Audit Committee.

    Jennifer H. Sampson

    Board

    Director

    President and CEO of United Way of Metropolitan Dallas

    Jennifer H. Sampson is a non-profit leader with expertise in community engagement and financial oversight, serving as CEO of United Way of Metropolitan Dallas.

    M. Alan Gardner

    Board

    Director

    EVP and Chief People Officer at Frontier Communications Parent, Inc.; Board Member at WorldatWork, A Call to Men, and UNT Engineering Dean’s Board of Councilors

    M. Alan Gardner brings over 30 years of HR leadership experience, currently serving as EVP and Chief People Officer at Frontier Communications.

    Michael G. Van de Ven

    Board

    Director

    Executive Advisor at Southwest Airlines Co.

    Michael G. Van de Ven is a CPA and former COO of Southwest Airlines, bringing operational and financial expertise to Comerica's Board.

    Nancy Avila

    Board

    Director

    None mentioned

    Nancy Avila brings 25 years of technology expertise and recently retired as EVP and Chief Information and Technology Officer at McKesson Corporation.

    Nina G. Vaca

    Board

    Director

    Chairman and CEO of Pinnacle Technical Resources, Inc.; Director at Cinemark Holdings, Inc.

    Nina G. Vaca is an entrepreneur and business leader, serving as CEO of Pinnacle Technical Resources and a director at Cinemark Holdings.

    Reginald M. Turner Jr.

    Board

    Director

    None mentioned

    Reginald M. Turner Jr. is a legal expert and civic leader with extensive experience in public service and community organizations.

    Richard G. Lindner

    Board

    Director

    None mentioned

    Richard G. Lindner is a retired CFO of AT&T, Inc., bringing financial and operational expertise to Comerica's Board.

    Robert S. Taubman

    Board

    Director

    Chairman and CEO of The Taubman Realty Group LLC and The Taubman Company LLC

    Robert S. Taubman brings real estate development and operations expertise to Comerica's Board, serving as CEO of The Taubman Realty Group.

    Roger A. Cregg

    Board

    Director

    Director at Sterling Construction Company, Inc.

    Roger A. Cregg is a financial expert with extensive experience as a CFO and CEO in public companies, currently serving on Comerica's Audit Committee.

    1. Given the compelling earn-back period from bond sales, why not be more aggressive in balance sheet restructuring now or in the coming quarters, especially since you have the capital to absorb it?

    2. With expectations of an easing regulatory environment, how do you plan to capitalize on potential M&A opportunities, and why haven't you pursued more acquisitions given your focus on organic growth?

    3. If interest rates rise and your CET1 including AOCI declines, how will you manage your capital levels, and could this impact your ability to support loan growth?

    4. With your efficiency ratio currently elevated in the high 60s, what specific steps are you taking to bring it down to acceptable levels, and can you achieve this through expense reductions without hindering growth initiatives?

    5. Given the increase in Non-Performing Assets in the fourth quarter due to higher interest rates and pressures on consumer discretionary sectors, how do you plan to manage credit quality moving forward, and are you expecting further deterioration?

    Program DetailsProgram 1
    Approval DateN/A
    End Date/DurationN/A
    Total Additional Amount$100 million
    Remaining Authorization4,997,000 shares
    DetailsInitiated via an accelerated share repurchase (ASR) agreement in October 2024. Purpose: Maintain CET1 capital ratio of ~10% while managing capital effectively.

    Recent press releases and 8-K filings for CMA.

    Comerica Inc Outlines Future Growth Strategy
    CMA
    New Projects/Investments
    Revenue Acceleration/Inflection
    • Highlights a strong foundation and differentiated strategy aimed at driving responsible growth and enhanced returns over time.
    • Emphasizes strategic initiatives including targeted revenue investments and leveraging core strengths to capitalize on market opportunities.
    3 days ago
    Comerica: Trump urges Fed to cut rates despite strong May jobs report
    CMA
    • President Trump called for a 100 basis point Fed rate cut, dubbing it “rocket fuel” for the economy.
    • May jobs data showed 139,000 new positions and unemployment steady at 4.2%, reducing odds of an imminent rate cut.
    • S&P 500 and Nasdaq futures rose 1.2% and 1.5% respectively, while Bitcoin and Ethereum also rallied on easing hopes.
    • The Fed is now expected to keep rates unchanged until at least September, focusing on inflation control after a full percentage-point cut in late 2024.
    Jun 4, 2025, 1:11 PM
    Comerica Inc Q1 2025 Earnings & Strategic Overview
    CMA
    Earnings
    Dividends
    Share Buyback
    • Earnings beat expectations with $172 million net income and $1.25 EPS, driven by strong deposit performance and disciplined cost management .
    • Maintained robust capitalization with a CET1 ratio of 12.05% and Tier 1 ratio of 12.60%, supported by an 81% loan-to-deposit ratio and total liquidity capacity of $42.5B .
    • Achieved stable net interest income of $575 million and expanded the net interest margin by 12 basis points, overcoming a seasonal deposit decline of $1.4B (2.3%) through favorable trends and disciplined expense management .
    • Total assets reached $77.6 billion as of March 31, 2025, with detailed insights shared during a live conference call .
    • Strategically aligned across Commercial Bank, Retail Bank, and Wealth Management segments while emphasizing deposit growth and returning $143 million to shareholders via repurchases and dividends .
    Apr 21, 2025, 12:01 PM