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Comerica (CMA) Financials

Comerica logo
$69.81 -0.53 (-0.75%)
Closing price 03:59 PM Eastern
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$70.48 +0.67 (+0.96%)
As of 06:42 PM Eastern
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Annual Income Statements for Comerica

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

Quarterly Income Statements for Comerica

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

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

Annual Cash Flow Statements for Comerica

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

Quarterly Cash Flow Statements for Comerica

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

Annual Balance Sheets for Comerica

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

Quarterly Balance Sheets for Comerica

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

Annual Metrics And Ratios for Comerica

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

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

Quarterly Metrics And Ratios for Comerica

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

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

Financials Breakdown Chart

Key Financial Trends

Comerica Inc. (NYSE: CMA) has exhibited several notable financial trends over the last four years through Q1 2025, reflecting the economic environment and its operational strategies in the banking sector.

  • Net Interest Income has remained fairly stable with a recent figure of $575 million in Q1 2025, consistent with the previous quarter (Q4 2024) and generally solid compared to earlier periods, supporting core banking revenue.
  • Non-Interest Income totaled $254 million in Q1 2025, including service charges and trust fees, showing a slight increase from the prior quarter's $250 million, indicating diversification beyond interest income.
  • Net Income attributed to common shareholders increased slightly to $165 million in Q1 2025 from $163 million in Q4 2024, with diluted EPS at $1.25, indicating modest earnings growth.
  • Cash Flow From Operating Activities recovered strongly to $273 million in Q1 2025 compared to a negative cash flow of $354 million in Q4 2024, suggesting improved operational cash generation.
  • Total Assets remain robust at $77.6 billion in Q1 2025, a modest decrease from $79.3 billion in Q4 2024 but still reflecting a sizeable banking franchise with diversified asset holdings.
  • Loans and Leases net of allowance decreased slightly to $48.5 billion in Q1 2025 from $49.8 billion in Q4 2024, which may reflect cautious lending or payoff trends.
  • Provision for credit losses is steady around $20 million in Q1 2025, suggesting controlled credit risk consistent with historical norms.
  • Total Equity increased to $7.05 billion in Q1 2025 from $6.54 billion in Q4 2024, reflecting retained earnings accumulation and capital management.
  • Net Cash From Financing Activities was -$2.2 billion in Q1 2025 compared to +$514 million in Q4 2024, primarily driven by a significant decrease in deposits (-$2.26 billion in Q1 2025) compared to inflows in prior quarters, indicating potential liquidity or depositor behavior concerns.
  • Interest Expense remains elevated with $349 million in Q1 2025, down from $392 million in Q4 2024 but historically higher than years prior, reflecting cost pressures from deposits and long-term debt.

Summary: Comerica has maintained stable earnings and core net interest income while growing non-interest income slightly and improving operating cash flow in the most recent quarter. However, the sizable withdrawal of deposits and associated negative financing cash flow in Q1 2025 is a warning sign, potentially signaling liquidity challenges or market conditions causing customer shifts. Investors should monitor Comerica's ability to manage deposit flows and funding costs amid the evolving interest rate environment, although the company's capital structure and loan provisions currently remain solid.

09/19/25 05:40 PM ETAI Generated. May Contain Errors.

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. Check out Comerica's forecast to explore projected trends and price targets.

How has Comerica's 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 9/19/2025 by MarketBeat.com Staff
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