Comerica (CMA) Financials

$57.41 +0.55 (+0.97%)

Closing price 05/29/2025 03:59 PM Eastern

Extended Trading

$57.16 -0.25 (-0.44%)

As of 05/29/2025 07:18 PM Eastern

Annual Income Statements for Comerica

This table shows Comerica's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Income / (Loss) Attributable to Common Shareholders	671	854	1,122	1,140	482	1,195	1,227	738	473	515
Consolidated Net Income / (Loss)	698	881	1,151	1,168	497	1,202	1,235	743	477	521
Net Income / (Loss) Continuing Operations	698	881	1,151	1,168	497	1,202	1,235	743	477	521
Total Pre-Tax Income	888	1,144	1,476	1,490	621	1,538	1,535	1,234	670	750
Total Revenue	3,244	3,592	3,534	2,967	2,912	3,349	3,328	3,168	2,848	2,724
Net Interest Income / (Expense)	2,190	2,514	2,466	1,844	1,911	2,339	2,352	2,061	1,797	1,689
Total Interest Income	3,939	4,175	2,672	1,901	2,093	2,807	2,619	2,182	1,909	1,784
Loans and Leases Interest Income	3,204	3,340	2,153	1,594	1,773	2,439	2,262	1,872	1,635	1,551
Investment Securities Interest Income	402	430	414	280	291	297	265	250	247	216
Other Interest Income	333	405	105	27	29	71	92	60	27	17
Total Interest Expense	1,749	1,661	206	57	182	468	267	121	112	95
Deposits Interest Expense	1,238	892	102	22	101	262	122	42	40	43
Short-Term Borrowings Interest Expense	48	391	17	0.00	1.00	9.00	1.00	3.00	0.00	0.00
Long-Term Debt Interest Expense	463	378	87	35	80	197	144	76	72	52
Total Non-Interest Income	1,054	1,078	1,068	1,123	1,001	1,010	976	1,107	1,051	1,035
Trust Fees by Commissions	51	30	21	14	21	28	27	23	19	204
Service Charges on Deposit Accounts	184	185	195	195	185	203	211	227	219	-
Other Service Charges	432	435	418	494	475	463	465	571	539	753
Net Realized & Unrealized Capital Gains on Investments	-19	147	154	146	67	69	28	45	42	38
Other Non-Interest Income	406	281	280	274	253	247	245	241	232	40
Provision for Credit Losses	49	89	60	-384	537	74	-1.00	74	248	147
Total Non-Interest Expense	2,307	2,359	1,998	1,861	1,754	1,737	1,794	1,860	1,930	1,827
Salaries and Employee Benefits	1,352	1,306	1,208	1,133	1,019	1,020	1,009	961	989	1,009
Net Occupancy & Equipment Expense	233	221	225	211	205	204	200	199	210	212
Marketing Expense	41	40	38	35	35	34	30	28	21	24
Property & Liability Insurance Claims	76	180	31	22	33	23	42	51	54	37
Other Operating Expenses	605	612	496	460	462	456	460	576	563	545
Income Tax Expense	190	263	325	322	124	336	300	491	193	229
Preferred Stock Dividends Declared	27	27	29	28	15	7.00	8.00	5.00	4.00	6.00
Basic Earnings per Share	$5.06	$6.47	$8.56	$8.45	$3.45	$7.98	$7.31	$4.23	$2.74	$2.93
Weighted Average Basic Shares Outstanding	131.35M	132.49M	131.35M	131.08M	139.29M	141.35M	168M	174M	172M	176M
Diluted Earnings per Share	$5.02	$6.44	$8.47	$8.35	$3.43	$7.90	$7.20	$4.14	$2.68	$2.84
Weighted Average Diluted Shares Outstanding	131.35M	132.49M	131.35M	131.08M	139.29M	141.35M	168M	174M	172M	176M
Weighted Average Basic & Diluted Shares Outstanding	131.35M	132.49M	131.35M	131.08M	139.29M	141.35M	168M	174M	172M	176M
Cash Dividends to Common per Share	$2.84	$2.84	$2.72	$2.72	$2.72	$2.68	$1.84	$1.09	$0.89	$0.83

This table shows Comerica's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	165	163	177	200	131	27	244	266	317	342	343
Consolidated Net Income / (Loss)	172	170	184	206	138	33	251	273	324	350	351
Net Income / (Loss) Continuing Operations	172	170	184	206	138	33	251	273	324	350	351
Total Pre-Tax Income	225	217	235	269	167	52	327	356	409	446	455
Total Revenue	829	825	811	824	784	782	896	924	990	1,020	985
Net Interest Income / (Expense)	575	575	534	533	548	584	601	621	708	742	707
Total Interest Income	924	967	982	971	1,019	1,049	1,103	1,074	949	876	750
Loans and Leases Interest Income	759	795	798	803	808	849	862	852	777	719	597
Investment Securities Interest Income	109	100	99	101	102	104	105	108	113	118	119
Other Interest Income	56	72	85	67	109	96	136	114	59	39	34
Total Interest Expense	349	392	448	438	471	465	502	453	241	134	43
Deposits Interest Expense	252	286	330	305	317	302	271	201	118	78	16
Short-Term Borrowings Interest Expense	2.00	1.00	1.00	9.00	37	58	125	142	66	16	1.00
Long-Term Debt Interest Expense	95	105	117	124	117	105	106	110	57	40	26
Total Non-Interest Income	254	250	277	291	236	198	295	303	282	278	278
Trust Fees by Commissions	14	14	13	14	10	8.00	6.00	8.00	8.00	7.00	6.00
Service Charges on Deposit Accounts	46	47	46	46	45	45	47	47	46	47	50
Other Service Charges	91	107	110	125	90	45	136	133	121	125	104
Net Realized & Unrealized Capital Gains on Investments	11	-	-	-	-	-	-	-	-	-	-
Other Non-Interest Income	92	101	108	106	91	-47	106	115	107	-55	118
Provision for Credit Losses	20	21	14	0.00	14	12	14	33	30	33	28
Total Non-Interest Expense	584	587	562	555	603	718	555	535	551	541	502
Salaries and Employee Benefits	368	346	335	323	348	359	315	306	326	318	307
Net Occupancy & Equipment Expense	59	61	59	57	56	59	56	53	53	67	56
Marketing Expense	8.00	11	10	12	8.00	10	12	10	8.00	14	9.00
Property & Liability Insurance Claims	14	10	11	19	36	132	19	16	13	7.00	8.00
Other Operating Expenses	135	159	147	144	155	158	153	150	151	135	122
Income Tax Expense	53	47	51	63	29	19	76	83	85	96	104
Preferred Stock Dividends Declared	7.00	7.00	7.00	6.00	7.00	6.00	7.00	7.00	7.00	8.00	8.00
Basic Earnings per Share	$1.26	$1.23	$1.34	$1.50	$0.99	$0.19	$1.85	$2.02	$2.41	$2.60	$2.63
Weighted Average Basic Shares Outstanding	131.41M	131.35M	131.51M	132.67M	132.59M	132.49M	131.87M	131.78M	131.67M	131.35M	130.95M
Diluted Earnings per Share	$1.25	$1.22	$1.33	$1.49	$0.98	$0.20	$1.84	$2.01	$2.39	$2.58	$2.60
Weighted Average Diluted Shares Outstanding	131.41M	131.35M	131.51M	132.67M	132.59M	132.49M	131.87M	131.78M	131.67M	131.35M	130.95M
Weighted Average Basic & Diluted Shares Outstanding	131.41M	131.35M	131.51M	132.67M	132.59M	132.49M	131.87M	131.78M	131.67M	131.35M	130.95M
Cash Dividends to Common per Share	$0.71	$0.71	$0.71	$0.71	$0.71	$0.71	$0.71	$0.71	$0.71	$0.68	$0.68

This table details how cash moves in and out of Comerica's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Change in Cash & Equivalents	-2,698	3,220	-16,397	6,912	9,949	1,257	-1,284	-1,373	1,071	76
Net Cash From Operating Activities	601	1,251	638	634	928	1,090	1,616	1,085	486	865
Net Cash From Continuing Operating Activities	601	1,251	638	634	928	1,090	1,616	1,085	486	865
Net Income / (Loss) Continuing Operations	698	881	1,151	1,168	497	1,202	1,235	743	477	521
Consolidated Net Income / (Loss)	698	881	1,151	1,168	497	1,202	1,235	743	477	521
Provision For Loan Losses	49	89	60	-384	537	74	-1.00	74	248	147
Depreciation Expense	96	87	92	99	108	114	120	121	121	118
Amortization Expense	7.00	19	30	36	15	2.00	3.00	6.00	8.00	13
Non-Cash Adjustments to Reconcile Net Income	8.00	-103	-60	39	-114	26	72	97	-15	8.00
Changes in Operating Assets and Liabilities, net	-257	278	-635	-324	-115	-328	187	44	-353	58
Net Cash From Investing Activities	3,261	3,494	-9,952	1,723	-4,602	-494	-1,156	-120	-254	-3,255
Net Cash From Continuing Investing Activities	3,261	3,494	-9,952	1,723	-4,786	-494	-1,156	-120	-254	-3,255
Purchase of Investment Securities	-431	761	-12,425	-3,869	-7,991	-3,871	-4,118	-3,329	-2,296	-5,234
Sale and/or Maturity of Investments	3,845	2,559	2,553	5,675	3,375	3,461	3,054	3,278	2,137	2,098
Other Investing Activities, net	-153	174	-80	-83	14	-84	-92	-69	-95	-119
Net Cash From Financing Activities	-6,560	-1,525	-7,083	4,555	13,623	661	-1,744	-2,338	839	2,466
Net Cash From Continuing Financing Activities	-6,560	-1,525	-7,083	4,555	12,835	661	-1,744	-2,338	839	2,466
Net Change in Deposits	-3,003	-4,634	-10,401	8,438	15,554	1,711	-2,082	-1,180	-998	2,529
Issuance of Debt	-2,565	4,000	500	0.00	0.00	1,077	1,884	0.00	2,802	923
Issuance of Common Equity	22	18	28	34	4.00	18	52	118	157	22
Repayment of Debt	-500	-496	3,211	-2,800	-1,746	-350	0.00	-531	-650	-606
Repurchase of Common Equity	-100	-17	-43	-729	-199	-1,394	-1,338	-560	-320	-250
Payment of Dividends	-400	-394	-376	-392	-383	-402	-263	-180	-152	-147
Other Financing Activities, Net	-14	-2.00	-2.00	4.00	-1.00	1.00	3.00	-5.00	0.00	-5.00
Cash Interest Paid	1,892	1,449	130	57	203	462	261	122	111	94
Cash Income Taxes Paid	101	317	277	157	141	266	200	336	151	88

This table details how cash moves in and out of Comerica's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	-1,012	411	1,581	-323	-4,367	1,390	-2,111	-511	4,452	312	-1,563
Net Cash From Operating Activities	273	-354	1,049	111	-205	1,122	-178	-155	462	597	393
Net Cash From Continuing Operating Activities	273	-354	1,049	111	-205	1,122	-178	-155	462	597	393
Net Income / (Loss) Continuing Operations	172	170	184	206	138	33	251	273	324	350	351
Consolidated Net Income / (Loss)	172	170	184	206	138	33	251	273	324	350	351
Provision For Loan Losses	20	21	14	-	14	12	14	33	30	33	28
Depreciation Expense	25	26	23	25	22	23	22	22	20	21	25
Amortization Expense	-10	-1.00	2.00	2.00	4.00	4.00	5.00	5.00	5.00	6.00	6.00
Non-Cash Adjustments to Reconcile Net Income	23	-14	12	2.00	8.00	-80	-29	-6.00	12	-7.00	-22
Changes in Operating Assets and Liabilities, net	43	-556	814	-124	-391	1,130	-441	-482	71	194	5.00
Net Cash From Investing Activities	913	253	1,837	-568	1,739	1,715	2,924	-139	-1,006	-1,424	-289
Net Cash From Continuing Investing Activities	913	253	1,837	-568	1,739	1,715	2,924	-139	-1,006	-1,424	-289
Purchase of Investment Securities	588	-1,310	1,096	-1,458	1,241	1,280	2,346	-837	-2,028	-1,921	-835
Sale and/or Maturity of Investments	290	1,598	1,269	586	392	444	420	672	1,023	519	564
Other Investing Activities, net	35	-35	-528	304	106	-9.00	158	26	-1.00	-22	-18
Net Cash From Financing Activities	-2,198	512	-1,305	134	-5,901	-1,447	-4,857	-217	4,996	1,139	-1,667
Net Cash From Continuing Financing Activities	-2,198	514	-1,307	134	-5,901	-1,451	-4,853	-217	4,996	1,139	-1,667
Net Change in Deposits	-2,264	702	542	-1,022	-3,225	-105	837	1,336	-6,702	-1,470	-2,585
Issuance of Debt	0.00	-	-3,565	-	1,000	-	-	-	4,000	-508	1,008
Issuance of Common Equity	4.00	17	1.00	5.00	-1.00	9.00	2.00	5.00	2.00	1.00	6.00
Repayment of Debt	225	-	1,815	1,250	-3,565	-1,247	-5,596	-1,458	7,805	3,211	-
Repurchase of Common Equity	-63	-87	-	-1.00	-12	-1.00	-	-1.00	-15	-	-3.00
Payment of Dividends	-99	-105	-99	-98	-98	-103	-98	-99	-94	-93	-94
Other Financing Activities, Net	-1.00	-13	-	-	-	-4.00	-	-	-	-2.00	1.00
Cash Interest Paid	369	403	464	484	541	444	467	344	194	75	27
Cash Income Taxes Paid	5.00	24	15	58	4.00	62	83	161	11	95	80

This table presents Comerica's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Total Assets	79,297	85,834	85,406	94,616	88,129	73,402	70,818	71,567	72,978	71,877
Cash and Due from Banks	850	1,443	1,758	1,236	1,031	973	1,390	1,438	1,249	1,157
Interest Bearing Deposits at Other Banks	5,954	8,059	4,524	21,443	14,736	4,845	3,171	4,407	5,969	4,990
Trading Account Securities	15,045	16,869	19,012	16,986	15,028	12,398	12,045	12,204	12,369	12,500
Loans and Leases, Net of Allowance	49,849	50,618	52,792	48,697	51,343	49,732	49,492	48,461	48,358	48,450
Loans and Leases	50,539	51,306	53,402	49,285	52,291	50,369	50,163	49,173	49,088	49,084
Allowance for Loan and Lease Losses	690	688	610	588	948	637	671	712	730	634
Premises and Equipment, Net	473	445	400	454	459	457	475	466	501	550
Other Assets	7,126	8,400	6,920	5,800	5,532	4,997	4,245	4,591	4,532	4,230
Total Liabilities & Shareholders' Equity	79,297	85,834	85,406	94,616	88,129	73,402	70,818	71,567	72,978	71,877
Total Liabilities	72,754	79,428	80,225	86,719	80,079	66,075	63,311	63,604	65,182	64,317
Non-Interest Bearing Deposits	24,425	27,849	39,945	45,800	39,420	57,295	28,690	32,071	31,540	30,839
Interest Bearing Deposits	39,386	38,913	31,452	36,539	33,449	29,913	26,871	25,832	27,445	29,014
Short-Term Debt	0.00	3,565	3,211	0.00	-	71	44	10	25	23
Long-Term Debt	6,673	6,206	3,024	2,796	5,728	7,269	6,463	4,622	5,160	3,058
Other Long-Term Liabilities	2,270	2,895	2,593	1,584	1,482	-28,473	1,243	1,069	1,012	1,383
Total Equity & Noncontrolling Interests	6,543	6,406	5,181	7,897	8,050	7,327	7,507	7,963	7,796	7,560
Total Preferred & Common Equity	6,543	6,406	5,181	7,897	8,050	7,327	7,507	7,963	7,796	7,560
Preferred Stock	394	394	394	394	394	0.00	-	-	-	-
Total Common Equity	6,149	6,012	4,787	7,503	7,656	7,327	7,507	7,963	7,796	7,560
Common Stock	3,359	3,365	3,361	3,316	3,326	3,315	3,289	3,263	3,276	3,314
Retained Earnings	12,017	11,727	11,258	10,494	9,727	9,538	8,781	7,887	7,331	7,084
Treasury Stock	-6,066	-6,032	-6,090	-6,095	-5,461	-5,291	-3,954	-2,736	-2,428	-2,409
Accumulated Other Comprehensive Income / (Loss)	-3,161	-3,048	-3,742	-212	64	-235	-609	-451	-383	-429

This table presents Comerica's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Total Assets	77,622	79,297	79,663	79,597	79,444	85,834	85,706	90,761	91,127	85,406	84,143
Cash and Due from Banks	1,083	850	870	719	689	1,443	1,228	1,413	1,563	1,758	1,735
Interest Bearing Deposits at Other Banks	4,709	5,954	5,523	4,093	4,446	8,059	6,884	8,810	9,171	4,524	4,235
Trading Account Securities	15,102	15,045	15,886	15,656	16,246	16,869	16,323	17,415	18,295	19,012	19,452
Loans and Leases, Net of Allowance	48,495	49,849	49,831	51,164	50,131	50,618	52,704	55,080	54,285	52,792	51,136
Loans and Leases	49,178	50,539	50,517	51,850	50,822	51,306	53,398	55,764	54,926	53,402	51,712
Allowance for Loan and Lease Losses	683	690	686	686	691	688	694	684	641	610	576
Premises and Equipment, Net	447	473	476	474	462	445	410	397	399	400	412
Other Assets	7,786	7,126	7,077	7,491	7,470	8,400	8,157	7,646	7,414	6,920	7,173
Total Liabilities & Shareholders' Equity	77,622	79,297	79,663	79,597	79,444	85,834	85,706	90,761	91,127	85,406	84,143
Total Liabilities	70,570	72,754	72,297	73,436	73,394	79,428	80,734	85,166	85,133	80,225	79,074
Non-Interest Bearing Deposits	23,156	24,425	23,819	24,522	25,833	27,849	29,922	31,067	33,173	39,945	42,296
Interest Bearing Deposits	38,349	39,386	39,258	37,937	37,745	38,913	37,236	34,948	31,533	31,452	30,720
Short-Term Debt	1,225	0.00	0.00	1,250	0.00	3,565	4,812	9,558	11,016	3,211	508
Long-Term Debt	5,733	6,673	6,786	7,112	7,121	6,206	6,049	6,961	7,084	3,024	3,016
Other Long-Term Liabilities	2,107	2,270	2,434	2,615	2,695	2,895	2,715	2,632	2,327	2,593	2,534
Total Equity & Noncontrolling Interests	7,052	6,543	7,366	6,161	6,050	6,406	4,972	5,595	5,994	5,181	5,069
Total Preferred & Common Equity	7,052	6,543	7,366	6,161	6,050	6,406	4,972	5,595	5,994	5,181	5,069
Preferred Stock	394	394	394	394	394	394	394	394	394	394	394
Total Common Equity	6,658	6,149	6,972	5,767	5,656	6,012	4,578	5,201	5,600	4,787	4,675
Common Stock	3,339	3,359	3,358	3,351	3,343	3,365	3,361	3,353	3,350	3,361	3,350
Retained Earnings	12,093	12,017	11,949	11,867	11,765	11,727	11,796	11,648	11,476	11,258	11,005
Treasury Stock	-6,079	-6,066	-5,980	-5,988	-5,995	-6,032	-6,039	-6,044	-6,055	-6,090	-6,093
Accumulated Other Comprehensive Income / (Loss)	-2,695	-3,161	-2,355	-3,463	-3,457	-3,048	-4,540	-3,756	-3,171	-3,742	-3,587

This table displays calculated financial ratios and metrics derived from Comerica's official financial filings.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-9.69%	1.64%	19.11%	1.89%	-13.05%	0.63%	5.05%	11.24%	4.55%	8.44%
EBITDA Growth	-20.72%	-21.78%	-1.66%	118.41%	-55.02%	-0.24%	21.82%	70.34%	-9.31%	-12.43%
EBIT Growth	-22.38%	-22.49%	-0.94%	139.94%	-59.62%	0.20%	24.39%	84.18%	-10.67%	-13.79%
NOPAT Growth	-20.77%	-23.46%	-1.46%	135.01%	-58.65%	-2.67%	66.22%	55.77%	-8.45%	-12.14%
Net Income Growth	-20.77%	-23.46%	-1.46%	135.01%	-58.65%	-2.67%	66.22%	55.77%	-8.45%	-12.14%
EPS Growth	-22.05%	-23.97%	1.44%	143.44%	-56.58%	9.72%	73.91%	54.48%	-5.63%	-10.13%
Operating Cash Flow Growth	-51.96%	96.08%	0.63%	-31.68%	-14.86%	-32.55%	48.94%	123.25%	-43.82%	35.37%
Free Cash Flow Firm Growth	194.30%	-1,006.54%	-89.94%	206.85%	152.46%	398.37%	-116.30%	160.60%	-2,652.05%	-94.58%
Invested Capital Growth	-18.30%	41.70%	6.76%	-22.39%	-6.06%	4.66%	11.27%	-2.97%	21.99%	4.40%
Revenue Q/Q Growth	1.34%	-6.21%	8.27%	0.54%	-2.54%	-1.59%	1.03%	3.53%	0.85%	2.60%
EBITDA Q/Q Growth	19.69%	-23.97%	10.44%	0.12%	-8.26%	-2.53%	4.34%	8.27%	9.60%	-7.07%
EBIT Q/Q Growth	22.82%	-25.62%	11.90%	0.20%	-10.26%	-2.72%	4.78%	9.20%	11.48%	-7.64%
NOPAT Q/Q Growth	24.42%	-26.46%	11.86%	0.60%	-9.47%	-2.99%	19.09%	-6.54%	11.19%	-5.96%
Net Income Q/Q Growth	24.42%	-26.46%	11.86%	0.60%	-9.47%	-2.99%	19.09%	-6.54%	11.19%	-5.96%
EPS Q/Q Growth	25.50%	-26.98%	11.59%	2.08%	-9.50%	0.13%	20.81%	-6.33%	11.67%	-5.65%
Operating Cash Flow Q/Q Growth	-71.06%	72.31%	35.74%	53.51%	-1.38%	-28.20%	34.44%	16.17%	-19.54%	17.37%
Free Cash Flow Firm Q/Q Growth	63.20%	35.78%	-86.09%	2.26%	-5.91%	-43.11%	-159.15%	-9.24%	21.36%	170.37%
Invested Capital Q/Q Growth	-6.61%	2.17%	32.85%	0.50%	1.03%	0.72%	-1.92%	-4.44%	-4.75%	-1.75%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
EBITDA Margin	30.55%	34.80%	45.22%	54.77%	25.55%	49.39%	49.82%	42.96%	28.05%	32.34%
EBIT Margin	27.37%	31.85%	41.77%	50.22%	21.33%	45.92%	46.12%	38.95%	23.53%	27.53%
Profit (Net Income) Margin	21.52%	24.53%	32.57%	39.37%	17.07%	35.89%	37.11%	23.45%	16.75%	19.13%
Tax Burden Percent	78.60%	77.01%	77.98%	78.39%	80.03%	78.15%	80.46%	60.21%	71.19%	69.47%
Interest Burden Percent	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Effective Tax Rate	21.40%	22.99%	22.02%	21.61%	19.97%	21.85%	19.54%	39.79%	28.81%	30.53%
Return on Invested Capital (ROIC)	4.75%	6.39%	10.41%	9.55%	3.49%	8.38%	9.28%	5.81%	4.04%	5.00%
ROIC Less NNEP Spread (ROIC-NNEP)	4.75%	6.39%	10.41%	9.55%	3.49%	8.38%	9.28%	5.81%	4.04%	5.00%
Return on Net Nonoperating Assets (RNNOA)	6.03%	8.82%	7.19%	5.10%	2.97%	7.82%	6.68%	3.62%	2.17%	1.96%
Return on Equity (ROE)	10.78%	15.21%	17.60%	14.65%	6.46%	16.21%	15.97%	9.43%	6.21%	6.96%
Cash Return on Invested Capital (CROIC)	24.90%	-28.12%	3.87%	34.76%	9.75%	3.83%	-1.38%	8.83%	-15.77%	0.70%
Operating Return on Assets (OROA)	1.08%	1.34%	1.64%	1.63%	0.77%	2.13%	2.16%	1.71%	0.93%	1.06%
Return on Assets (ROA)	0.85%	1.03%	1.28%	1.28%	0.62%	1.67%	1.73%	1.03%	0.66%	0.74%
Return on Common Equity (ROCE)	10.12%	14.17%	16.54%	13.92%	6.30%	16.21%	15.97%	9.43%	6.21%	6.96%
Return on Equity Simple (ROE_SIMPLE)	10.67%	13.75%	22.22%	14.79%	6.17%	16.41%	16.45%	9.33%	6.12%	6.89%
Net Operating Profit after Tax (NOPAT)	698	881	1,151	1,168	497	1,202	1,235	743	477	521
NOPAT Margin	21.52%	24.53%	32.57%	39.37%	17.07%	35.89%	37.11%	23.45%	16.75%	19.13%
Net Nonoperating Expense Percent (NNEP)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	50.12%	43.62%	41.62%	46.48%	43.23%	37.56%	37.23%	37.50%	42.84%	45.70%
Operating Expenses to Revenue	71.12%	65.67%	56.54%	62.72%	60.23%	51.87%	53.91%	58.71%	67.77%	67.07%
Earnings before Interest and Taxes (EBIT)	888	1,144	1,476	1,490	621	1,538	1,535	1,234	670	750
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	991	1,250	1,598	1,625	744	1,654	1,658	1,361	799	881
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.32	1.16	1.63	1.38	0.89	1.15	1.16	1.46	1.14	0.73
Price to Tangible Book Value (P/TBV)	1.32	1.16	1.63	1.38	0.89	1.15	1.16	1.46	1.14	0.73
Price to Revenue (P/Rev)	2.51	1.95	2.21	3.49	2.33	2.52	2.63	3.67	3.13	2.02
Price to Earnings (P/E)	12.12	8.18	6.96	9.07	14.08	7.08	7.13	15.77	18.84	10.70
Dividend Yield	4.59%	5.36%	4.56%	3.45%	5.57%	4.57%	3.40%	1.63%	1.72%	2.66%
Earnings Yield	8.25%	12.22%	14.38%	11.02%	7.10%	14.13%	14.03%	6.34%	5.31%	9.35%
Enterprise Value to Invested Capital (EV/IC)	0.64	0.47	0.71	0.00	0.00	0.68	0.76	0.83	0.53	0.23
Enterprise Value to Revenue (EV/Rev)	2.59	2.13	2.31	0.00	0.00	2.98	3.21	3.29	2.42	0.90
Enterprise Value to EBITDA (EV/EBITDA)	8.47	6.12	5.10	0.00	0.00	6.03	6.45	7.66	8.61	2.77
Enterprise Value to EBIT (EV/EBIT)	9.46	6.69	5.52	0.00	0.00	6.49	6.96	8.45	10.27	3.26
Enterprise Value to NOPAT (EV/NOPAT)	12.03	8.68	7.08	0.00	0.00	8.30	8.66	14.03	14.42	4.69
Enterprise Value to Operating Cash Flow (EV/OCF)	13.97	6.11	12.78	0.00	0.00	9.15	6.62	9.61	14.15	2.82
Enterprise Value to Free Cash Flow (EV/FCFF)	2.29	0.00	19.04	0.00	0.00	18.17	0.00	9.23	0.00	33.47
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.02	1.53	1.20	0.35	0.71	1.00	0.87	0.58	0.67	0.41
Long-Term Debt to Equity	1.02	0.97	0.58	0.35	0.71	0.99	0.86	0.58	0.66	0.40
Financial Leverage	1.27	1.38	0.69	0.53	0.85	0.93	0.72	0.62	0.54	0.39
Leverage Ratio	12.75	14.78	13.77	11.46	10.50	9.72	9.20	9.17	9.43	9.43
Compound Leverage Factor	12.75	14.78	13.77	11.46	10.50	9.72	9.20	9.17	9.43	9.43
Debt to Total Capital	50.49%	60.40%	54.62%	26.15%	41.57%	50.04%	46.43%	36.78%	39.94%	28.95%
Short-Term Debt to Total Capital	0.00%	22.04%	28.13%	0.00%	0.00%	0.48%	0.31%	0.08%	0.19%	0.22%
Long-Term Debt to Total Capital	50.49%	38.36%	26.49%	26.15%	41.57%	49.56%	46.12%	36.70%	39.75%	28.74%
Preferred Equity to Total Capital	2.98%	2.44%	3.45%	3.68%	2.86%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	46.53%	37.16%	41.93%	70.17%	55.57%	49.96%	53.57%	63.22%	60.06%	71.05%
Debt to EBITDA	6.73	7.82	3.90	1.72	7.70	4.44	3.92	3.40	6.49	3.50
Net Debt to EBITDA	-0.13	0.22	-0.03	-12.24	-13.49	0.92	1.17	-0.89	-2.54	-3.48
Long-Term Debt to EBITDA	6.73	4.96	1.89	1.72	7.70	4.39	3.90	3.40	6.46	3.47
Debt to NOPAT	9.56	11.09	5.42	2.39	11.53	6.11	5.27	6.23	10.87	5.91
Net Debt to NOPAT	-0.19	0.31	-0.04	-17.02	-20.20	1.27	1.58	-1.63	-4.26	-5.88
Long-Term Debt to NOPAT	9.56	7.04	2.63	2.39	11.53	6.05	5.23	6.22	10.82	5.87
Noncontrolling Interest Sharing Ratio	6.09%	6.80%	6.03%	4.94%	2.56%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	3,659	-3,880	428	4,253	1,386	549	-184	1,129	-1,863	73
Operating Cash Flow to CapEx	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Free Cash Flow to Firm to Interest Expense	2.09	-2.34	2.08	74.61	7.62	1.17	-0.69	9.33	-16.63	0.77
Operating Cash Flow to Interest Expense	0.34	0.75	3.10	11.12	5.10	2.33	6.05	8.97	4.34	9.11
Operating Cash Flow Less CapEx to Interest Expense	0.34	0.75	3.10	11.12	5.10	2.33	6.05	8.97	4.34	9.11
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.04	0.04	0.04	0.03	0.04	0.05	0.05	0.04	0.04	0.04
Fixed Asset Turnover	7.07	8.50	8.28	6.50	6.36	7.19	7.07	6.55	5.42	5.04
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	13,216	16,177	11,416	10,693	13,778	14,667	14,014	12,595	12,981	10,641
Invested Capital Turnover	0.22	0.26	0.32	0.24	0.20	0.23	0.25	0.25	0.24	0.26
Increase / (Decrease) in Invested Capital	-2,961	4,761	723	-3,085	-889	653	1,419	-386	2,340	448
Enterprise Value (EV)	8,397	7,650	8,151	-9,148	-2,856	9,978	10,691	10,424	6,879	2,443
Market Capitalization	8,134	6,987	7,804	10,341	6,789	8,456	8,745	11,637	8,912	5,509
Book Value per Share	$46.76	$45.59	$36.56	$57.21	$55.04	$50.83	$46.43	$45.79	$45.26	$42.78
Tangible Book Value per Share	$46.76	$45.59	$36.56	$57.21	$55.04	$50.83	$46.43	$45.79	$45.26	$42.78
Total Capital	13,216	16,177	11,416	10,693	13,778	14,667	14,014	12,595	12,981	10,641
Total Debt	6,673	9,771	6,235	2,796	5,728	7,340	6,507	4,632	5,185	3,081
Total Long-Term Debt	6,673	6,206	3,024	2,796	5,728	7,269	6,463	4,622	5,160	3,058
Net Debt	-131	269	-47	-19,883	-10,039	1,522	1,946	-1,213	-2,033	-3,066
Capital Expenditures (CapEx)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Nonoperating Expense (NNE)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Nonoperating Obligations (NNO)	6,673	9,771	6,235	2,796	5,728	7,340	6,507	4,632	5,185	3,081
Total Depreciation and Amortization (D&A)	103	106	122	135	123	116	123	127	129	131
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$5.06	$6.47	$8.56	$8.45	$3.29	$7.95	$7.31	$4.23	$2.74	$2.93
Adjusted Weighted Average Basic Shares Outstanding	131.35M	132.49M	131.35M	131.08M	139.29M	141.35M	159.00M	172.81M	175.86M	174.88M
Adjusted Diluted Earnings per Share	$5.02	$6.44	$8.47	$8.35	$3.27	$7.87	$7.20	$4.14	$2.68	$2.84
Adjusted Weighted Average Diluted Shares Outstanding	131.35M	132.49M	131.35M	131.08M	139.29M	141.35M	159.00M	172.81M	175.86M	174.88M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	131.35M	132.49M	131.35M	131.08M	139.29M	141.35M	159.00M	172.81M	175.86M	174.88M
Normalized Net Operating Profit after Tax (NOPAT)	698	881	1,151	1,168	497	1,202	1,278	770	543	521
Normalized NOPAT Margin	21.52%	24.53%	32.57%	39.37%	17.07%	35.89%	38.39%	24.31%	19.07%	19.13%
Pre Tax Income Margin	27.37%	31.85%	41.77%	50.22%	21.33%	45.92%	46.12%	38.95%	23.53%	27.53%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.51	0.69	7.17	26.14	3.41	3.29	5.75	10.20	5.98	7.89
NOPAT to Interest Expense	0.40	0.53	5.59	20.49	2.73	2.57	4.63	6.14	4.26	5.48
EBIT Less CapEx to Interest Expense	0.51	0.69	7.17	26.14	3.41	3.29	5.75	10.20	5.98	7.89
NOPAT Less CapEx to Interest Expense	0.40	0.53	5.59	20.49	2.73	2.57	4.63	6.14	4.26	5.48
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	57.31%	44.72%	32.67%	33.56%	77.06%	33.44%	21.30%	24.23%	31.87%	28.22%
Augmented Payout Ratio	71.63%	46.65%	36.40%	95.98%	117.10%	149.42%	129.64%	99.60%	98.95%	76.20%

This table displays calculated financial ratios and metrics derived from Comerica's official financial filings.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	5.74%	5.50%	-9.49%	-10.82%	-20.81%	-23.33%	-9.04%	11.46%	41.43%	36.00%	30.46%
EBITDA Growth	24.35%	206.33%	-26.55%	-22.72%	-55.53%	-83.30%	-27.16%	4.08%	60.15%	46.89%	32.43%
EBIT Growth	34.73%	317.31%	-28.13%	-24.44%	-59.17%	-88.34%	-28.13%	5.64%	71.85%	54.33%	37.05%
NOPAT Growth	24.64%	415.15%	-26.69%	-24.54%	-57.41%	-90.57%	-28.49%	4.60%	71.43%	53.51%	33.97%
Net Income Growth	24.64%	415.15%	-26.69%	-24.54%	-57.41%	-90.57%	-28.49%	4.60%	71.43%	53.51%	33.97%
EPS Growth	27.55%	510.00%	-27.72%	-25.87%	-59.00%	-92.25%	-29.23%	4.69%	74.45%	51.76%	36.84%
Operating Cash Flow Growth	233.17%	-131.55%	689.33%	171.61%	-144.37%	87.94%	-145.29%	-143.30%	165.07%	39.16%	94.55%
Free Cash Flow Firm Growth	-106.03%	166.22%	126.68%	161.03%	178.71%	-1,167.56%	-391.45%	-744.93%	-1,052.68%	-111.26%	-26.44%
Invested Capital Growth	6.37%	-18.30%	-10.62%	-34.33%	-45.33%	41.70%	84.25%	143.95%	147.93%	6.76%	-19.24%
Revenue Q/Q Growth	0.48%	1.73%	-1.58%	5.10%	0.26%	-12.72%	-3.03%	-6.67%	-2.94%	3.55%	18.82%
EBITDA Q/Q Growth	-0.83%	-6.92%	-12.16%	53.37%	144.30%	-77.68%	-7.57%	-11.75%	-8.25%	-2.67%	32.07%
EBIT Q/Q Growth	3.69%	-7.66%	-12.64%	61.08%	221.15%	-84.10%	-8.15%	-12.96%	-8.30%	-1.98%	35.01%
NOPAT Q/Q Growth	1.18%	-7.61%	-10.68%	49.28%	318.18%	-86.85%	-8.06%	-15.74%	-7.43%	-0.28%	34.48%
Net Income Q/Q Growth	1.18%	-7.61%	-10.68%	49.28%	318.18%	-86.85%	-8.06%	-15.74%	-7.43%	-0.28%	34.48%
EPS Q/Q Growth	2.46%	-8.27%	-10.74%	52.04%	390.00%	-89.13%	-8.46%	-15.90%	-7.36%	-0.77%	35.42%
Operating Cash Flow Q/Q Growth	177.12%	-133.75%	845.05%	154.15%	-118.27%	730.34%	-14.84%	-133.55%	-22.61%	51.91%	9.78%
Free Cash Flow Firm Q/Q Growth	-121.30%	67.88%	-76.08%	-29.51%	333.95%	32.35%	45.30%	9.08%	-3,667.29%	-115.55%	21.05%
Invested Capital Q/Q Growth	6.01%	-6.61%	-2.55%	10.27%	-18.58%	2.17%	-28.40%	-8.22%	111.05%	32.85%	-5.21%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
EBITDA Margin	28.95%	29.33%	32.06%	35.92%	24.62%	10.10%	39.51%	41.45%	43.84%	46.37%	49.34%
EBIT Margin	27.14%	26.30%	28.98%	32.65%	21.30%	6.65%	36.50%	38.53%	41.31%	43.73%	46.19%
Profit (Net Income) Margin	20.75%	20.61%	22.69%	25.00%	17.60%	4.22%	28.01%	29.55%	32.73%	34.31%	35.63%
Tax Burden Percent	76.44%	78.34%	78.30%	76.58%	82.63%	63.46%	76.76%	76.69%	79.22%	78.48%	77.14%
Interest Burden Percent	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Effective Tax Rate	23.56%	21.66%	21.70%	23.42%	17.37%	36.54%	23.24%	23.31%	20.78%	21.52%	22.86%
Return on Invested Capital (ROIC)	5.02%	4.55%	4.84%	4.48%	3.20%	1.10%	8.79%	7.43%	7.40%	10.97%	12.09%
ROIC Less NNEP Spread (ROIC-NNEP)	5.02%	4.55%	4.84%	4.48%	3.20%	1.10%	8.79%	7.43%	7.40%	10.97%	12.09%
Return on Net Nonoperating Assets (RNNOA)	5.40%	5.78%	6.93%	9.49%	6.70%	1.52%	12.59%	11.82%	11.81%	7.58%	5.98%
Return on Equity (ROE)	10.42%	10.32%	11.77%	13.98%	9.90%	2.62%	21.37%	19.25%	19.21%	18.54%	18.07%
Cash Return on Invested Capital (CROIC)	-0.79%	24.90%	14.95%	44.87%	62.35%	-28.12%	-49.47%	-75.38%	-77.43%	3.87%	31.99%
Operating Return on Assets (OROA)	1.14%	1.03%	1.12%	1.26%	0.85%	0.28%	1.65%	1.70%	1.75%	1.72%	1.69%
Return on Assets (ROA)	0.87%	0.81%	0.88%	0.96%	0.70%	0.18%	1.26%	1.30%	1.39%	1.35%	1.30%
Return on Common Equity (ROCE)	9.79%	9.70%	11.02%	13.04%	9.25%	2.44%	19.69%	17.99%	18.05%	17.43%	16.97%
Return on Equity Simple (ROE_SIMPLE)	10.38%	0.00%	7.62%	10.19%	11.49%	0.00%	24.09%	23.20%	21.45%	0.00%	20.30%
Net Operating Profit after Tax (NOPAT)	172	170	184	206	138	33	251	273	324	350	351
NOPAT Margin	20.75%	20.61%	22.69%	25.00%	17.60%	4.22%	28.01%	29.55%	32.73%	34.31%	35.63%
Net Nonoperating Expense Percent (NNEP)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	52.47%	50.67%	49.82%	47.57%	52.55%	54.73%	42.75%	39.94%	39.09%	39.12%	37.77%
Operating Expenses to Revenue	70.45%	71.15%	69.30%	67.35%	76.91%	91.82%	61.94%	57.90%	55.66%	53.04%	50.96%
Earnings before Interest and Taxes (EBIT)	225	217	235	269	167	52	327	356	409	446	455
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	240	242	260	296	193	79	354	383	434	473	486
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.17	1.32	1.14	1.17	1.28	1.16	1.13	1.01	0.96	1.63	1.85
Price to Tangible Book Value (P/TBV)	1.17	1.32	1.14	1.17	1.28	1.16	1.13	1.01	0.96	1.63	1.85
Price to Revenue (P/Rev)	2.36	2.51	2.48	2.06	2.14	1.95	1.35	1.34	1.40	2.21	2.65
Price to Earnings (P/E)	11.00	12.12	14.86	11.24	10.86	8.18	4.43	4.15	4.27	6.96	8.64
Dividend Yield	4.81%	4.59%	4.74%	5.56%	5.16%	5.36%	7.14%	6.96%	6.72%	4.56%	4.12%
Earnings Yield	9.09%	8.25%	6.73%	8.90%	9.21%	12.22%	22.55%	24.10%	23.40%	14.38%	11.58%
Enterprise Value to Invested Capital (EV/IC)	0.67	0.64	0.62	0.74	0.73	0.47	0.53	0.54	0.55	0.71	0.77
Enterprise Value to Revenue (EV/Rev)	2.83	2.59	2.73	3.26	2.84	2.13	2.17	3.05	3.43	2.31	2.02
Enterprise Value to EBITDA (EV/EBITDA)	8.98	8.47	10.55	11.62	9.55	6.12	5.06	6.73	7.46	5.10	4.56
Enterprise Value to EBIT (EV/EBIT)	9.85	9.46	12.08	13.14	10.68	6.69	5.41	7.17	7.97	5.52	5.00
Enterprise Value to NOPAT (EV/NOPAT)	12.73	12.03	15.57	17.06	13.86	8.68	6.95	9.21	10.21	7.08	6.41
Enterprise Value to Operating Cash Flow (EV/OCF)	8.64	13.97	4.21	12.60	16.49	6.11	11.47	9.21	7.26	12.78	14.03
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	2.29	3.90	1.30	0.83	0.00	0.00	0.00	0.00	19.04	2.14
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.99	1.02	0.92	1.36	1.18	1.53	2.18	2.95	3.02	1.20	0.70
Long-Term Debt to Equity	0.81	1.02	0.92	1.15	1.18	0.97	1.22	1.24	1.18	0.58	0.60
Financial Leverage	1.07	1.27	1.43	2.12	2.09	1.38	1.43	1.59	1.59	0.69	0.49
Leverage Ratio	11.99	12.75	13.40	14.49	14.16	14.78	16.92	14.77	13.84	13.77	13.88
Compound Leverage Factor	11.99	12.75	13.40	14.49	14.16	14.78	16.92	14.77	13.84	13.77	13.88
Debt to Total Capital	49.66%	50.49%	47.95%	57.58%	54.07%	60.40%	68.60%	74.70%	75.12%	54.62%	41.01%
Short-Term Debt to Total Capital	8.74%	0.00%	0.00%	8.61%	0.00%	22.04%	30.39%	43.22%	45.72%	28.13%	5.91%
Long-Term Debt to Total Capital	40.92%	50.49%	47.95%	48.97%	54.07%	38.36%	38.21%	31.48%	29.40%	26.49%	35.10%
Preferred Equity to Total Capital	2.81%	2.98%	2.78%	2.71%	2.99%	2.44%	2.49%	1.78%	1.64%	3.45%	4.59%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	47.52%	46.53%	49.27%	39.71%	42.94%	37.16%	28.91%	23.52%	23.24%	41.93%	54.40%
Debt to EBITDA	6.70	6.73	8.20	9.07	7.06	7.82	6.61	9.30	10.28	3.90	2.44
Net Debt to EBITDA	1.12	-0.13	0.47	3.85	1.97	0.22	1.67	3.55	4.18	-0.03	-1.69
Long-Term Debt to EBITDA	5.52	6.73	8.20	7.71	7.06	4.96	3.68	3.92	4.02	1.89	2.08
Debt to NOPAT	9.51	9.56	12.10	13.32	10.25	11.09	9.07	12.73	14.07	5.42	3.42
Net Debt to NOPAT	1.59	-0.19	0.70	5.65	2.86	0.31	2.29	4.85	5.73	-0.04	-2.38
Long-Term Debt to NOPAT	7.83	9.56	12.10	11.32	10.25	7.04	5.05	5.36	5.51	2.63	2.93
Noncontrolling Interest Sharing Ratio	6.01%	6.09%	6.39%	6.70%	6.54%	6.80%	7.85%	6.55%	6.05%	6.03%	6.12%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-667	3,131	1,865	7,797	11,061	-4,728	-6,989	-12,776	-14,052	-373	2,398
Operating Cash Flow to CapEx	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Free Cash Flow to Firm to Interest Expense	-1.91	7.99	4.16	17.80	23.48	-10.17	-13.92	-28.20	-58.31	-2.78	55.77
Operating Cash Flow to Interest Expense	0.78	-0.90	2.34	0.25	-0.44	2.41	-0.35	-0.34	1.92	4.46	9.14
Operating Cash Flow Less CapEx to Interest Expense	0.78	-0.90	2.34	0.25	-0.44	2.41	-0.35	-0.34	1.92	4.46	9.14
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.04	0.04	0.04	0.04	0.04	0.04	0.05	0.04	0.04	0.04	0.04
Fixed Asset Turnover	7.24	7.07	7.23	7.55	7.87	8.50	9.32	9.57	9.07	8.28	7.60
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	14,010	13,216	14,152	14,523	13,171	16,177	15,833	22,114	24,094	11,416	8,593
Invested Capital Turnover	0.24	0.22	0.21	0.18	0.18	0.26	0.31	0.25	0.23	0.32	0.34
Increase / (Decrease) in Invested Capital	839	-2,961	-1,681	-7,591	-10,923	4,761	7,240	13,049	14,376	723	-2,047
Enterprise Value (EV)	9,318	8,397	8,735	10,711	9,632	7,650	8,327	11,951	13,132	8,151	6,593
Market Capitalization	7,758	8,134	7,948	6,767	7,252	6,987	5,184	5,261	5,372	7,804	8,645
Book Value per Share	$50.69	$46.76	$52.55	$43.50	$42.66	$45.59	$34.74	$39.50	$42.63	$36.56	$35.74
Tangible Book Value per Share	$50.69	$46.76	$52.55	$43.50	$42.66	$45.59	$34.74	$39.50	$42.63	$36.56	$35.74
Total Capital	14,010	13,216	14,152	14,523	13,171	16,177	15,833	22,114	24,094	11,416	8,593
Total Debt	6,958	6,673	6,786	8,362	7,121	9,771	10,861	16,519	18,100	6,235	3,524
Total Long-Term Debt	5,733	6,673	6,786	7,112	7,121	6,206	6,049	6,961	7,084	3,024	3,016
Net Debt	1,166	-131	393	3,550	1,986	269	2,749	6,296	7,366	-47	-2,446
Capital Expenditures (CapEx)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Nonoperating Expense (NNE)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Nonoperating Obligations (NNO)	6,958	6,673	6,786	8,362	7,121	9,771	10,861	16,519	18,100	6,235	3,524
Total Depreciation and Amortization (D&A)	15	25	25	27	26	27	27	27	25	27	31
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.26	$1.23	$1.34	$1.50	$0.99	$0.19	$1.85	$2.02	$2.41	$2.60	$2.63
Adjusted Weighted Average Basic Shares Outstanding	131.41M	131.35M	131.51M	132.67M	132.59M	132.49M	131.87M	131.78M	131.67M	131.35M	130.95M
Adjusted Diluted Earnings per Share	$1.25	$1.22	$1.33	$1.49	$0.98	$0.20	$1.84	$2.01	$2.39	$2.58	$2.60
Adjusted Weighted Average Diluted Shares Outstanding	131.41M	131.35M	131.51M	132.67M	132.59M	132.49M	131.87M	131.78M	131.67M	131.35M	130.95M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	131.41M	131.35M	131.51M	132.67M	132.59M	132.49M	131.87M	131.78M	131.67M	131.35M	130.95M
Normalized Net Operating Profit after Tax (NOPAT)	172	170	184	206	138	33	251	273	324	350	351
Normalized NOPAT Margin	20.75%	20.61%	22.69%	25.00%	17.60%	4.22%	28.01%	29.55%	32.73%	34.31%	35.63%
Pre Tax Income Margin	27.14%	26.30%	28.98%	32.65%	21.30%	6.65%	36.50%	38.53%	41.31%	43.73%	46.19%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.64	0.55	0.52	0.61	0.35	0.11	0.65	0.79	1.70	3.33	10.58
NOPAT to Interest Expense	0.49	0.43	0.41	0.47	0.29	0.07	0.50	0.60	1.34	2.61	8.16
EBIT Less CapEx to Interest Expense	0.64	0.55	0.52	0.61	0.35	0.11	0.65	0.79	1.70	3.33	10.58
NOPAT Less CapEx to Interest Expense	0.49	0.43	0.41	0.47	0.29	0.07	0.50	0.60	1.34	2.61	8.16
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	54.78%	57.31%	70.94%	63.22%	57.27%	44.72%	32.05%	29.28%	29.16%	32.67%	36.64%
Augmented Payout Ratio	75.41%	71.63%	73.44%	65.45%	59.28%	46.65%	33.39%	30.74%	30.64%	36.40%	45.68%

Frequently Asked Questions About Comerica's Financials

When does Comerica's financial year end?

According to the most recent income statement we have on file, Comerica's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Comerica's net income changed over the last 9 years?

Comerica's net income appears to be on an upward trend, with a most recent value of $698 million in 2024, rising from $521 million in 2015. The previous period was $881 million in 2023. See where experts think Comerica is headed by visiting Comerica's forecast page.

How has Comerica revenue changed over the last 9 years?

Over the last 9 years, Comerica's total revenue changed from $2.72 billion in 2015 to $3.24 billion in 2024, a change of 19.1%.

How much debt does Comerica have?

Comerica's total liabilities were at $72.75 billion at the end of 2024, a 8.4% decrease from 2023, and a 13.1% increase since 2015.

How much cash does Comerica have?

In the past 9 years, Comerica's cash and equivalents has ranged from $850 million in 2024 to $1.76 billion in 2022, and is currently $850 million as of their latest financial filing in 2024.

How has Comerica's book value per share changed over the last 9 years?

Over the last 9 years, Comerica's book value per share changed from 42.78 in 2015 to 46.76 in 2024, a change of 9.3%.

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This page (NYSE:CMA) was last updated on 5/30/2025 by MarketBeat.com Staff

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Comerica (CMA) Financials

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