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.
-
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.
-
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.
-
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.
-
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.
You might also like
| Name | Position | External Roles | Short 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. |
-
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?
-
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?
-
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?
-
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?
-
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?
Research analysts who have asked questions during COMERICA earnings calls.
Jon Arfstrom
RBC Capital Markets
5 questions for CMA
Anthony Elian
JPMorgan
3 questions for CMA
Benjamin Gerlinger
Citigroup Inc.
3 questions for CMA
Bernard Von Gizycki
Deutsche Bank
3 questions for CMA
Christopher McGratty
Keefe, Bruyette & Woods
3 questions for CMA
John Pancari
Evercore ISI
3 questions for CMA
Manan Gosalia
Morgan Stanley
3 questions for CMA
Michael Rose
Raymond James Financial, Inc.
2 questions for CMA
Bill Carcache
Wolfe Research, LLC
1 question for CMA
Brian Foran
Truist Financial
1 question for CMA
David George
Baird
1 question for CMA
Ken Uston
Autonomous Research LLP
1 question for CMA
Mike Mayo
Wells Fargo
1 question for CMA
Nicholas Holowko
UBS Group AG
1 question for CMA
Robert Siefers
Piper Sandler & Co.
1 question for CMA
Samuel Barger
UBS
1 question for CMA
Terence McEvoy
Stephens Inc.
1 question for CMA
Recent press releases and 8-K filings for CMA.
- 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.
- 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.
- 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".
- 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.
- 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.
- 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.
- 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 .