COMERICA (CMA) Company Report

Wohl & Fruchter LLP is investigating the proposed merger of Comerica (CMA) with Fifth Third Bancorp (FITB), citing concerns about the fairness of the exchange ratio and the sales process.
Comerica stockholders are slated to receive 1.8663 shares of Fifth Third stock per Comerica share, which was valued at $82.88 per share on October 3, 2025, but the value has since decreased due to a fall in Fifth Third's stock price.
On November 17, 2025, Comerica investor Holdco alleged the sales process was "flawed" and lacked an independent, competitive process, suggesting the sale was steered towards Fifth Third.
Shareholder votes for the merger are scheduled for January 6, 2026.

Nov 17, 2025, 4:18 PM

Comerica Inc. Reports Q3 2025 Results and Announces Merger Agreement

CMA

Earnings

M&A

Share Buyback

Comerica Inc. reported net income of $176 million and diluted earnings per common share of $1.35 for the third quarter of 2025.
The company announced an agreement to be acquired by Fifth Third Bancorp in an all-stock transaction, with Comerica shareholders receiving 1.8663 Fifth Third shares for each Comerica share. The transaction is anticipated to close at the end of the first quarter of 2026.
Comerica increased share repurchases to $150 million during the quarter, maintaining an estimated Common Equity Tier 1 (CET1) capital ratio of 11.90%.
Net interest income was $574 million, remaining relatively stable from the prior quarter, while noninterest income declined to $264 million and noninterest expenses increased to $589 million.
The provision for credit losses decreased to $22 million in Q3 2025 from $44 million in Q2 2025.

Oct 17, 2025, 10:20 AM

Comerica to be Acquired by Fifth Third Bancorp

CMA

M&A

Board Change

Management Change

Fifth Third Bancorp will acquire Comerica in an all-stock transaction valued at $10.9 billion.
Comerica stockholders will receive 1.8663 Fifth Third shares for each Comerica share, representing $82.88 per share as of October 3, 2025, and a 20% premium to Comerica's 10-day volume-weighted average stock price.
The combined entity is expected to become the 9th largest U.S. bank with approximately $288 billion in assets.
The transaction is anticipated to close at the end of the first quarter of 2026, pending shareholder and customary regulatory approvals.
Comerica's Chairman, President, and CEO, Curt Farmer, will assume the role of Vice Chair, and Peter Sefzik, Comerica’s chief banking officer, will lead Fifth Third’s Wealth & Asset Management business in the combined company.

Oct 6, 2025, 10:35 AM

Comerica Issues Series B Preferred Stock

CMA

Comerica Incorporated issued and sold 16,000,000 depositary shares of its 6.875% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series B, on August 11, 2025.
The offering generated approximately $392.2 million in net proceeds for the company.
Each depositary share has a liquidation preference of $25 and was offered to the public at $25.00 per depositary share.
The Series B Preferred Stock carries a dividend rate of 6.875% from August 11, 2025, to October 1, 2030, with quarterly payments commencing January 1, 2026.
The depositary shares are perpetual and will be listed on the New York Stock Exchange under the symbol "CMA PrB".

Aug 12, 2025, 12:00 AM

Comerica Reports Strong Q2 2025 Earnings and Updates Full-Year Guidance

CMA

Earnings

Guidance Update

Share Buyback

Comerica reported Q2 2025 earnings per share of $1.42, representing an almost 14% increase over the prior quarter.
Loans showed strong growth in Q2 2025, with average loans up almost 1% and period-end loans up approximately 3%. Net interest income remained stable at $575 million for the third consecutive quarter.
The company projects full-year 2025 average loans to be flat to down 1% and net interest income growth of 5% to 7%.
Comerica maintained a strong capital position with an estimated CET1 ratio of 11.94%, well above its 10% strategic target. The company returned $193 million to common shareholders through share repurchases and dividends in Q2 2025 and plans to repurchase approximately $100 million in Q3 2025.

Jul 18, 2025, 7:50 PM

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.

Jun 10, 2025, 12:00 AM

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 .