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    Comerica Inc (CMA)

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    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.

    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.

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    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.

    No recent press releases or 8-K filings found for CMA.