Comerica Incorporated(CMA)Earnings, Financials & Key Ratios

CMA•NYSE•Banking & Credit

16.8× P/E·Price updated Jun 8, 2026

SectorFinancial Services IndustryRegional Banks Sub-IndustryCommercial and middle-market focused banks

AboutComerica Incorporated, through its subsidiaries, provides various financial products and services. It operates through Commercial Bank, Retail Bank, Wealth Management, and Finance segments. The Commercial Bank segment offers various products and services, including commercial loans and lines of credit, deposits, cash management, capital market products, international trade finance, letters of credit, foreign exchange management services, and loan syndication services for small and middle market businesses, multinational corporations, and governmental entities. The Retail Bank segment provides personal financial services, such as consumer lending, consumer deposit gathering, and mortgage loan origination. This segment also offers various consumer products that include deposit accounts, installment loans, credit cards, student loans, home equity lines of credit, and residential mortgage loans, as well as commercial products and services to micro-businesses. The Wealth Management segment provides products and services comprising fiduciary, private banking, retirement, investment management and advisory, and investment banking and brokerage services. This segment also sells annuity products, as well as life, disability, and long-term care insurance products. The Finance segment engages in the securities portfolio, and asset and liability management activities. It operates in Texas, California, Michigan, Arizona, Florida, Canada, and Mexico. The company was formerly known as DETROITBANK Corporation and changed its name to Comerica Incorporated in July 1982. Comerica Incorporated was founded in 1849 and is headquartered in Dallas, Texas.Show more

Net Interest Income$2.3B+5.1%
Total Revenue$4.8B-3.9%
Net Income$723M+3.6%
Return on Equity10.15%-5.9%
Net Interest Margin2.87%+4.0%
Efficiency Ratio49%+6.0%
ROA0.91%+7.3%
Equity / Assets9.62%+16.6%
Book Value per Share57.95+18.7%

CMA Key Insights

Comerica Incorporated (CMA) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

✓Efficient operations: 49.0% efficiency ratio

✗Weaknesses

No significant weaknesses identified

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

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CMA Price & Volume

Comerica Incorporated (CMA) stock price & volume — 10-year historical chart

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CMA Growth Metrics

Comerica Incorporated (CMA) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years5.46%

5 Years9.17%

3 Years8.66%

TTM-

Profit CAGR

10 Years3.33%

5 Years7.78%

3 Years-14.36%

TTM3.58%

EPS CAGR

10 Years6.42%

5 Years8.99%

3 Years-14.42%

TTM5.17%

Return on Capital

10 Years9.67%

5 Years10.61%

3 Years7.58%

Last Year4.98%

CMA Recent Earnings

Comerica Incorporated (CMA) EPS & revenue vs analyst estimates — last 4 quarters

Full history →

●Beat EPS 10/12 qtrs (83%)●Beat Revenue 6/12 qtrs (50%)

Q1 2026Latest

Jan 20, 2026

Metric

Actual

Est

EPS

$1.27-0.8%

$1.28

Rev

$850M+0.1%

$849M

Q4 2025

Oct 17, 2025

Metric

Actual

Est

EPS

$1.35+3.1%

$1.31

Rev

$838M-0.6%

$843M

Q3 2025

Jul 18, 2025

Metric

Actual

Est

EPS

$1.42+13.6%

$1.25

Rev

$849M+0.6%

$844M

Q2 2025

Apr 21, 2025

Metric

Actual

Est

EPS

$1.25+7.8%

$1.16

Rev

$829M-0.3%

$831M

Quarter	Date	EPS (Act vs Est)	Revenue (Act vs Est)
Q1 2026Latest	Jan 20, 2026	$1.27vs $1.28-0.8%	$850Mvs $849M+0.1%
Q4 2025	Oct 17, 2025	$1.35vs $1.31+3.1%	$838Mvs $843M-0.6%
Q3 2025	Jul 18, 2025	$1.42vs $1.25+13.6%	$849Mvs $844M+0.6%
Q2 2025	Apr 21, 2025	$1.25vs $1.16+7.8%	$829Mvs $831M-0.3%

Based on last 12 quarters of dataView full earnings history →

Company	Market Cap	Stock Price	P/E Ratio (TTM)	Revenue Growth 1Y	Net Margin	Return on Equity (ROE)	Debt / Equity
ZIONZions Bancorporation, National AssociationDirect Competitor	9.73B	66.17	11.01	-0.98%	18.18%	13.33%	0.61
CFGCitizens Financial Group, Inc.Direct Competitor	29.21B	67.08	17.38	-9.71%	16.42%	7.16%	0.43
HBANHuntington Bancshares IncorporatedDirect Competitor	26.69B	16.86	12.13	4.38%	17.71%	10.04%	0.76
RFRegions Financial CorporationDirect Competitor	25.19B	28.62	12.50	2.51%	22.44%	11.43%	0.26
KEYKeyCorpDirect Competitor	24.74B	22.59	14.86	23.56%	16.35%	9.26%	0.54
FHNFirst Horizon CorporationDirect Competitor	12.31B	24.81	13.20	0.97%	19.99%	10.71%	0.50
MTBM&T Bank CorporationProduct Competitor	35.24B	225.12	13.24	-8.18%	23.16%	9.88%	0.45
FITBFifth Third BancorpProduct Competitor	35.29B	52.74	14.90	-1.4%	19.61%	11.96%	0.67

Compare CMA vs Peers

Comerica Incorporated (CMA) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs ZION

Most directly comparable listed peer for CMA.

Scale Benchmark

vs JPM

Larger-name benchmark to compare CMA against a more recognizable public peer.

Peer Set

Compare Top 5

vs ZION, CFG, HBAN, RF

CMA Income Statement

Comerica Incorporated (CMA) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily

Metric	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	Dec'25
Net Interest Income	2.06B	2.35B	2.34B	1.91B	1.84B	2.47B	2.51B	2.19B	2.3B
NII Growth %	14.69%	14.12%	-0.55%	-18.3%	-3.51%	33.73%	1.95%	-12.89%	5.07%
Net Interest Margin %	2.88%	3.32%	3.19%	2.17%	1.95%	2.89%	2.93%	2.76%	2.87%
Interest Income	2.18B	2.62B	2.81B	2.09B	1.9B	2.67B	4.17B	3.94B	3.73B
Interest Expense	121M	267M	468M	182M	57M	206M	1.66B	1.75B	1.43B
Loan Loss Provision	74M	-1M	74M	537M	-384M	60M	89M	49M	100M
Non-Interest Income	1.11B	976M	1B	1B	1.12B	1.07B	1.08B	1.05B	1.06B
Non-Interest Income %	33.66%	27.15%	26.34%	32.35%	37.14%	28.56%	20.52%	21.11%	22.2%
Total Revenue	3.29B▲ 0%	3.6B▲ 9.3%	3.81B▲ 6.0%	3.09B▼ 18.8%	3.02B▼ 2.3%	3.74B▲ 23.7%	5.25B▲ 40.5%	4.99B▼ 4.9%	4.8B▼ 3.9%
Revenue Growth %	11.11%	9.3%	6.01%	-18.81%	-2.26%	23.68%	40.45%	-4.95%	-3.91%
Non-Interest Expense	1.86B	1.79B	1.73B	1.75B	1.86B	2B	2.36B	2.31B	2.35B
Efficiency Ratio	56.55%	49.9%	45.42%	56.69%	61.54%	53.42%	44.91%	46.2%	49%
Operating Income	1.23B▲ 0%	1.53B▲ 24.4%	1.54B▲ 0.2%	621M▼ 59.6%	1.49B▲ 139.9%	1.48B▼ 0.9%	1.14B▼ 22.5%	888M▼ 22.4%	915M▲ 3.0%
Operating Margin %	37.52%	42.7%	40.36%	20.07%	49.27%	39.47%	21.78%	17.78%	19.07%
Operating Income Growth %	84.18%	24.39%	0.2%	-59.62%	139.94%	-0.94%	-22.49%	-22.38%	3.04%
Pretax Income	1.23B▲ 0%	1.53B▲ 24.4%	1.54B▲ 0.2%	621M▼ 59.6%	1.49B▲ 139.9%	1.48B▼ 0.9%	1.14B▼ 22.5%	888M▼ 22.4%	915M▲ 3.0%
Pretax Margin %	37.52%	42.7%	40.36%	20.07%	49.27%	39.47%	21.78%	17.78%	19.07%
Income Tax	491M	300M	336M	124M	322M	325M	263M	190M	192M
Effective Tax Rate %	39.79%	19.54%	21.85%	19.97%	21.61%	22.02%	22.99%	21.4%	20.98%
Net Income	743M▲ 0%	1.24B▲ 66.2%	1.2B▼ 2.7%	497M▼ 58.7%	1.17B▲ 135.0%	1.15B▼ 1.5%	881M▼ 23.5%	698M▼ 20.8%	723M▲ 3.6%
Net Margin %	22.59%	34.35%	31.54%	16.06%	38.62%	30.78%	16.77%	13.98%	15.07%
Net Income Growth %	55.77%	66.22%	-2.67%	-58.65%	135.01%	-1.46%	-23.46%	-20.77%	3.58%
Net Income (Continuing)	743M	1.24B	1.2B	497M	1.17B	1.15B	881M	698M	723M
EPS (Diluted)	4.14▲ 0%	7.22▲ 74.4%	7.89▲ 9.3%	3.44▼ 56.4%	8.32▲ 141.9%	8.44▲ 1.4%	6.42▼ 23.9%	5.02▼ 21.8%	5.29▲ 5.4%
EPS Growth %	53.9%	74.4%	9.28%	-56.4%	141.86%	1.44%	-23.93%	-21.81%	5.38%
EPS (Basic)	4.23	7.31	7.94	3.47	8.44	8.56	6.47	5.06	5.32
Diluted Shares Outstanding	178M	171M	151M	140M	137M	133M	133M	134M	133M

CMA Balance Sheet

Comerica Incorporated (CMA) balance sheet — assets, liabilities & shareholders' equity

Metric	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	Dec'25
Cash & Short Term Investments	16.88B	16.74B	18.37B	30.97B	39.86B	25.45B	26.77B	14.18B	15.78B
Cash & Due from Banks	5.84B	4.56B	5.82B	15.77B	22.68B	6.28B	9.5B	6.8B	866M
Short Term Investments	11.03B	12.18B	12.55B	15.2B	17.18B	19.17B	17.27B	7.38B	14.91B
Total Investments	60.3B	61.17B	61.7B	65.96B	65.25B	71.21B	67.9B	56.52B	41.76B
Investments Growth %	0.09%	1.43%	0.87%	6.9%	-1.08%	9.14%	-4.65%	-16.76%	-26.11%
Long-Term Investments	49.27B	48.99B	49.15B	50.76B	48.06B	52.04B	50.63B	49.14B	26.85B
Accounts Receivables	0	0	0	0	0	0	0	0	0
Goodwill & Intangibles	641M	639M	637M	636M	635M	635M	696M	837M	0
Goodwill	635M	635M	635M	635M	635M	635M	635M	635M	0
Intangible Assets	6M	4M	2M	1M	0	0	61M	202M	0
PP&E (Net)	466M	475M	457M	459M	454M	400M	445M	473M	426M
Other Assets	3.56B	3.17B	4.21B	4.72B	4.97B	6.13B	6.5B	13.96B	36.27B
Total Current Assets	17.34B	17.24B	18.96B	31.55B	40.5B	26.2B	27.57B	14.89B	16.53B
Total Non-Current Assets	54.23B	53.58B	54.45B	56.58B	54.12B	59.2B	58.27B	64.41B	63.54B
Total Assets	71.57B▲ 0%	70.82B▼ 1.0%	73.4B▲ 3.6%	88.13B▲ 20.1%	94.62B▲ 7.4%	85.41B▼ 9.7%	85.83B▲ 0.5%	79.3B▼ 7.6%	80.07B▲ 1.0%
Asset Growth %	-1.93%	-1.05%	3.65%	20.06%	7.36%	-9.73%	0.5%	-7.62%	0.98%
Return on Assets (ROA)	1.03%	1.73%	1.67%	0.62%	1.28%	1.28%	1.03%	0.85%	0.91%
Accounts Payable	0	0	0	0	0	0	0	0	0
Total Debt	4.63B	6.51B	7.34B	5.73B	2.8B	6.24B	9.77B	6.67B	5.42B
Net Debt	-1.21B	1.95B	1.52B	-10.04B	-19.88B	-47M	269M	-131M	4.56B
Long-Term Debt	4.62B	5.6B	6.38B	4.82B	1.92B	2.18B	6.21B	6.67B	5.42B
Short-Term Debt	10M	905M	955M	905M	877M	4.05B	3.56B	0	0
Other Liabilities	0	0	0	0	0	0	0	2.27B	8.13B
Total Current Liabilities	58.98B	57.71B	59.69B	75.26B	84.8B	78.04B	73.22B	63.81B	58.81B
Total Non-Current Liabilities	4.62B	5.6B	6.38B	4.82B	1.92B	2.18B	6.21B	8.94B	13.56B
Total Liabilities	63.6B	63.31B	66.08B	80.08B	86.72B	80.22B	79.43B	72.75B	72.37B
Total Equity	7.96B▲ 0%	7.51B▼ 5.7%	7.33B▼ 2.4%	8.05B▲ 9.9%	7.9B▼ 1.9%	5.18B▼ 34.4%	6.41B▲ 23.6%	6.54B▲ 2.1%	7.71B▲ 17.8%
Equity Growth %	2.14%	-5.73%	-2.4%	9.87%	-1.9%	-34.39%	23.64%	2.14%	17.79%
Equity / Assets (Capital Ratio)	11.13%	10.6%	9.98%	9.13%	8.35%	6.07%	7.46%	8.25%	9.62%
Return on Equity (ROE)	9.43%	15.97%	16.21%	6.46%	14.65%	17.6%	15.21%	10.78%	10.15%
Book Value per Share	44.74	43.90	48.52	57.50	57.64	38.95	48.17	48.83	57.95
Tangible BV per Share	41.13	40.16	44.30	52.96	53.01	34.18	42.93	42.58	57.95
Common Stock	1.14B	1.14B	1.14B	1.14B	1.14B	1.14B	1.14B	1.14B	1.14B
Additional Paid-in Capital	2.12B	2.15B	2.17B	2.19B	2.17B	2.22B	2.22B	2.22B	2.2B
Retained Earnings	7.89B	8.78B	9.54B	9.73B	10.49B	11.26B	11.73B	12.02B	12.34B
Accumulated OCI	-451M	-609M	-235M	64M	-212M	-3.74B	-3.05B	-3.16B	-2.08B
Treasury Stock	-2.74B	-3.95B	-5.29B	-5.46B	-6.09B	-6.09B	-6.03B	-6.07B	-6.28B
Preferred Stock	0	0	0	394M	394M	394M	394M	394M	392M

CMA Cash Flow Statement

Comerica Incorporated (CMA) cash flow — operating, investing & free cash flow history

Metric	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	Dec'25
Cash from Operations	1.08B	1.62B	1.09B	928M	634M	638M	1.25B	601M	0
Operating CF Growth %	123.25%	48.94%	-32.55%	-14.86%	-31.68%	0.63%	96.08%	-51.96%	-100%
Net Income	743M	1.24B	1.2B	497M	1.17B	1.15B	881M	698M	723M
Depreciation & Amortization	121M	120M	114M	108M	99M	92M	87M	96M	0
Deferred Taxes	79M	24M	14M	-82M	79M	-27M	-92M	-1M	0
Other Non-Cash Items	56M	1M	49M	496M	-429M	-3M	45M	11M	-723M
Working Capital Changes	47M	188M	-328M	-115M	-324M	-635M	278M	-257M	0
Cash from Investing	-120M	-1.16B	-494M	-4.6B	1.72B	-9.95B	3.49B	3.26B	0
Purchase of Investments	-3.11B	-3.03B	-3.35B	-5.8B	-7.94B	-7.47B	0	-1.33B	0
Sale/Maturity of Investments	3.19B	3.04B	3.25B	3.35B	5.54B	2.51B	2.48B	3.03B	0
Net Investment Activity	81M	5M	-97M	-2.45B	-2.4B	-4.96B	2.48B	1.7B	0
Acquisitions	0	0	0	0	0	0	0	0	0
Other Investing	-132M	-1.07B	-311M	-2.07B	4.19B	-4.91B	1.16B	1.72B	0
Cash from Financing	-2.34B	-1.74B	661M	13.62B	4.55B	-7.08B	-1.52B	-6.56B	0
Dividends Paid	-180M	-263M	-402M	-383M	-392M	-376M	-394M	-400M	0
Share Repurchases	-560M	-1.34B	-1.39B	-199M	-729M	-43M	-17M	-114M	0
Stock Issued	118M	52M	18M	4M	34M	28M	18M	22M	0
Net Stock Activity	-442M	-1.29B	-1.38B	-195M	-695M	-15M	1M	-92M	0
Debt Issuance (Net)	-1000K	1000K	1000K	-1000K	-1000K	1000K	1000K	-1000K	0
Other Financing	-1.19B	-2.08B	1.71B	15.55B	8.44B	-10.4B	-4.64B	-3B	0
Net Change in Cash	-1.37B▲ 0%	-1.28B▲ 6.5%	1.26B▲ 197.9%	9.95B▲ 691.5%	6.91B▼ 30.5%	-16.4B▼ 337.2%	3.22B▲ 119.6%	-2.7B▼ 183.8%	-6.8B▼ 152.2%
Exchange Rate Effect	0	0	0	0	0	0	0	0	0
Cash at Beginning	7.22B	5.84B	4.56B	5.82B	15.77B	22.68B	6.28B	9.5B	6.8B
Cash at End	5.84B	4.56B	5.82B	15.77B	22.68B	6.28B	9.5B	6.8B	0
Interest Paid	122M	261M	462M	203M	57M	130M	1.45B	1.89B	0
Income Taxes Paid	336M	200M	266M	141M	157M	277M	317M	101M	0
Free Cash Flow	1.02B▲ 0%	1.53B▲ 50.2%	1B▼ 34.2%	849M▼ 15.4%	564M▼ 33.6%	556M▼ 1.4%	1.1B▲ 97.5%	448M▼ 59.2%	0▼ 100.0%
FCF Growth %	159.85%	50.2%	-34.21%	-15.44%	-33.57%	-1.42%	97.48%	-59.2%	-100%

CMA Banking Ratios

Comerica Incorporated (CMA) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Return on Equity (ROE)	6.21%	9.43%	15.97%	16.21%	6.46%	14.65%	17.6%	15.21%	10.78%	10.15%
Return on Assets (ROA)	0.66%	1.03%	1.73%	1.67%	0.62%	1.28%	1.28%	1.03%	0.85%	0.91%
Net Interest Margin	2.46%	2.88%	3.32%	3.19%	2.17%	1.95%	2.89%	2.93%	2.76%	2.87%
Efficiency Ratio	65.2%	56.55%	49.9%	45.42%	56.69%	61.54%	53.42%	44.91%	46.2%	49%
Equity / Assets	10.68%	11.13%	10.6%	9.98%	9.13%	8.35%	6.07%	7.46%	8.25%	9.62%
Book Value / Share	44.05	44.74	43.9	48.52	57.5	57.64	38.95	48.17	48.83	57.95
NII Growth	6.39%	14.69%	14.12%	-0.55%	-18.3%	-3.51%	33.73%	1.95%	-12.89%	5.07%
Dividend Payout	31.87%	24.23%	21.3%	33.44%	75.45%	31.59%	30.67%	42.11%	54.01%	-

CMA SEC Filings & Documents

Comerica Incorporated (CMA) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

Material company update

Feb 2, 2026·SEC

Material company update

Jan 20, 2026·SEC

Material company update

Jan 14, 2026·SEC

10-Q Quarterly Reports

FY 2025

Oct 28, 2025·SEC

CMA Frequently Asked Questions

Comerica Incorporated (CMA) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

Comerica Incorporated (CMA) saw revenue decline by 3.9% over the past year.

Yes, Comerica Incorporated (CMA) is profitable, generating $723.0M in net income for fiscal year 2025 (15.1% net margin).

Dividend & Returns

Comerica Incorporated (CMA) has a return on equity (ROE) of 10.1%. This is reasonable for most industries.

Industry Metrics

Comerica Incorporated (CMA) has a net interest margin (NIM) of 2.9%. NIM has been under pressure due to interest rate environment.

Comerica Incorporated (CMA) has an efficiency ratio of 49.0%. This is excellent, indicating strong cost control.

What if you invested $1,000 in CMA back in 1996?

Total return calculator · dividends reinvested · 30+ years of data

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Comerica Incorporated(CMA)Earnings, Financials & Key Ratios

CMA•NYSE•Banking & Credit

16.8× P/E·Price updated Jun 8, 2026

SectorFinancial Services IndustryRegional Banks Sub-IndustryCommercial and middle-market focused banks

Net Interest Income$2.3B+5.1%
Total Revenue$4.8B-3.9%
Net Income$723M+3.6%
Return on Equity10.15%-5.9%
Net Interest Margin2.87%+4.0%
Efficiency Ratio49%+6.0%
ROA0.91%+7.3%
Equity / Assets9.62%+16.6%
Book Value per Share57.95+18.7%