Comerica Incorporated (CMA) 10-Year Financial Performance & Capital Metrics

CMA • • Banking & Credit

Financial ServicesRegional BanksCommercial & Business BankingCommercial & Corporate Banking

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 $2.19B -12.9%
Total Revenue $4.99B -4.9%
Net Income $698M -20.8%
Return on Equity 10.78% -29.1%
Net Interest Margin 2.76% -5.7%
Efficiency Ratio 46.2% +2.9%
ROA 0.85% -17.8%
Equity / Assets 8.25% +10.6%
Book Value per Share 48.83 +1.4%
Tangible BV/Share 42.58 -0.8%
Debt/Equity 1.02 -33.1%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Efficient operations: 46.2% efficiency ratio
✓Momentum leader: RS Rating 82 (top 18%)
✓Healthy dividend yield of 3.1%
✓Trading near 52-week high

✗Weaknesses

✗Profits declining 10.3% over 5 years

Price & Volume

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Growth Metrics

Revenue CAGR

10Y6.75%

5Y5.55%

3Y18.19%

TTM-

Profit (Net Income) CAGR

10Y1.64%

5Y-10.3%

3Y-15.77%

TTM15.45%

EPS CAGR

10Y4.74%

5Y-8.65%

3Y-15.5%

TTM15.49%

ROCE

10Y Avg9.91%

5Y Avg10.55%

3Y Avg11.65%

Latest6.32%

Peer Comparison

Commercial & Corporate Banking

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
TCBITexas Capital Bancshares, Inc.	4.49B	98.37	76.85	-1.72%	4.4%	7.92%	9.27%	0.46
BANCBanc of California, Inc.	3.15B	20.87	40.13	24.65%	6.78%	6.01%	2.04%	0.67
DBDeutsche Bank AG	74.26B	38.87	28.37	11.78%	5.07%	7.18%		1.91
HTHHilltop Holdings Inc.	2.2B	35.83	20.59	2.5%	7.35%	7.2%	12.14%	0.61
SFBSServisFirst Bancshares, Inc.	4.28B	78.31	18.82	17.89%	23.26%	14.33%	5.8%	1.27
CMAComerica Incorporated	11.69B	91.51	18.23	-4.95%	13.98%	10.57%	3.83%	1.02
BOKFBOK Financial Corporation	8.08B	127.69	15.69	10.4%	15.57%	8.91%	15.59%	0.80
CNOBConnectOne Bancorp, Inc.	1.37B	27.26	15.49	6.06%	13.8%	3.98%	4.15%	0.63

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Net Interest Income+	1.69B	1.8B	2.06B	2.35B	2.34B	1.91B	1.84B	2.47B	2.51B	2.19B
NII Growth %	0.02%	0.06%	0.15%	0.14%	-0.01%	-0.18%	-0.04%	0.34%	0.02%	-0.13%
Net Interest Margin %	-	-	-	-	-	-	-	-	-	-
Interest Income	1.78B	1.91B	2.18B	2.62B	2.81B	2.09B	1.9B	2.67B	4.17B	3.94B
Interest Expense	95M	112M	121M	267M	468M	182M	57M	206M	1.66B	1.75B
Loan Loss Provision	147M	248M	74M	-1M	74M	537M	-384M	60M	89M	49M
Non-Interest Income+	1.03B	1.05B	1.11B	976M	1B	1B	1.12B	1.07B	1.08B	1.05B
Non-Interest Income %	-	-	-	-	-	-	-	-	-	-
Total Revenue+	2.82B	2.96B	3.29B	3.6B	3.81B	3.09B	3.02B	3.74B	5.25B	4.99B
Revenue Growth %	0.08%	0.05%	0.11%	0.09%	0.06%	-0.19%	-0.02%	0.24%	0.4%	-0.05%
Non-Interest Expense	1.83B	1.93B	1.86B	1.79B	1.73B	1.75B	1.86B	2B	2.36B	2.31B
Efficiency Ratio	-	-	-	-	-	-	-	-	-	-
Operating Income+	750M	670M	1.23B	1.53B	1.54B	621M	1.49B	1.48B	1.14B	888M
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	-0.14%	-0.11%	0.84%	0.24%	0%	-0.6%	1.4%	-0.01%	-0.22%	-0.22%
Pretax Income+	750M	670M	1.23B	1.53B	1.54B	621M	1.49B	1.48B	1.14B	888M
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	229M	193M	491M	300M	336M	124M	322M	325M	263M	190M
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	521M	477M	743M	1.24B	1.2B	497M	1.17B	1.15B	881M	698M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	-0.12%	-0.08%	0.56%	0.66%	-0.03%	-0.59%	1.35%	-0.01%	-0.23%	-0.21%
Net Income (Continuing)	521M	477M	743M	1.24B	1.2B	497M	1.17B	1.15B	881M	698M
EPS (Diluted)+	2.88	2.69	4.17	7.22	7.89	3.44	8.32	8.44	6.42	5.02
EPS Growth %	-0.09%	-0.07%	0.55%	0.73%	0.09%	-0.56%	1.42%	0.01%	-0.24%	-0.22%
EPS (Basic)	2.96	2.77	4.27	7.35	7.94	3.47	8.44	8.56	6.47	5.06
Diluted Shares Outstanding	181M	177M	178M	171M	151M	140M	137M	133M	133M	134M

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash & Short Term Investments+	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Cash & Due from Banks	6.15B	7.22B	5.84B	4.56B	5.82B	15.77B	22.68B	6.28B	9.5B	6.8B
Short Term Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Total Investments+	60.34B	60.25B	60.3B	61.17B	61.7B	65.96B	65.25B	71.21B	67.9B	56.52B
Investments Growth %	0.05%	-0%	0%	0.01%	0.01%	0.07%	-0.01%	0.09%	-0.05%	-0.17%
Long-Term Investments	49.71B	49.37B	49.27B	48.99B	49.15B	50.76B	48.06B	52.04B	50.63B	49.14B
Accounts Receivables	0	0	0	0	0	0	0	0	0	0
Goodwill & Intangibles+	-	-	-	-	-	-	-	-	-	-
Goodwill	635M	635M	635M	635M	635M	635M	635M	635M	635M	635M
Intangible Assets	10M	8M	6M	4M	2M	1M	0	0	61M	202M
PP&E (Net)	550M	501M	466M	475M	457M	459M	454M	400M	445M	473M
Other Assets	0	0	3.85B	3.47B	4.21B	4.72B	4.97B	6.13B	6.5B	13.96B
Total Current Assets	20.97B	22.46B	17.34B	17.24B	18.96B	31.55B	40.5B	26.2B	27.57B	14.89B
Total Non-Current Assets	50.91B	50.52B	54.23B	53.58B	54.45B	56.58B	54.12B	59.2B	58.27B	64.41B
Total Assets+	71.88B	72.98B	71.57B	70.82B	73.4B	88.13B	94.62B	85.41B	85.83B	79.3B
Asset Growth %	0.04%	0.02%	-0.02%	-0.01%	0.04%	0.2%	0.07%	-0.1%	0.01%	-0.08%
Return on Assets (ROA)	0.01%	0.01%	0.01%	0.02%	0.02%	0.01%	0.01%	0.01%	0.01%	0.01%
Accounts Payable	0	0	0	0	0	0	0	0	0	0
Total Debt+	3.08B	5.18B	4.63B	6.51B	7.34B	5.73B	2.8B	6.24B	9.77B	6.67B
Net Debt	-3.07B	-2.03B	-1.21B	1.95B	1.52B	-10.04B	-19.88B	-47M	269M	-131M
Long-Term Debt	3.06B	4.81B	4.62B	5.6B	6.38B	4.82B	1.92B	2.18B	6.21B	6.67B
Short-Term Debt	23M	373M	10M	905M	955M	905M	877M	4.05B	3.56B	0
Other Liabilities	0	0	0	0	0	0	0	0	0	2.27B
Total Current Liabilities	61.26B	60.37B	58.98B	57.71B	59.69B	75.26B	84.8B	78.04B	73.22B	63.81B
Total Non-Current Liabilities	3.06B	4.81B	4.62B	5.6B	6.38B	4.82B	1.92B	2.18B	6.21B	8.94B
Total Liabilities	64.32B	65.18B	63.6B	63.31B	66.08B	80.08B	86.72B	80.22B	79.43B	72.75B
Total Equity+	7.56B	7.8B	7.96B	7.51B	7.33B	8.05B	7.9B	5.18B	6.41B	6.54B
Equity Growth %	0.02%	0.03%	0.02%	-0.06%	-0.02%	0.1%	-0.02%	-0.34%	0.24%	0.02%
Equity / Assets (Capital Ratio)	-	-	-	-	-	-	-	-	-	-
Return on Equity (ROE)	0.07%	0.06%	0.09%	0.16%	0.16%	0.06%	0.15%	0.18%	0.15%	0.11%
Book Value per Share	41.77	44.05	44.74	43.90	48.52	57.50	57.64	38.95	48.17	48.83
Tangible BV per Share	-	-	-	-	-	-	-	-	-	-
Common Stock	1.14B	1.14B	1.14B	1.14B	1.14B	1.14B	1.14B	1.14B	1.14B	1.14B
Additional Paid-in Capital	2.17B	2.13B	2.12B	2.15B	2.17B	2.19B	2.17B	2.22B	2.22B	2.22B
Retained Earnings	7.08B	7.33B	7.89B	8.78B	9.54B	9.73B	10.49B	11.26B	11.73B	12.02B
Accumulated OCI	-429M	-383M	-451M	-609M	-235M	64M	-212M	-3.74B	-3.05B	-3.16B
Treasury Stock	-2.41B	-2.43B	-2.74B	-3.95B	-5.29B	-5.46B	-6.09B	-6.09B	-6.03B	-6.07B
Preferred Stock	0	0	0	0	0	394M	394M	394M	394M	394M

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	865M	486M	1.08B	1.62B	1.09B	928M	634M	638M	1.25B	601M
Operating CF Growth %	0.35%	-0.44%	1.23%	0.49%	-0.33%	-0.15%	-0.32%	0.01%	0.96%	-0.52%
Net Income	521M	477M	743M	1.24B	1.2B	497M	1.17B	1.15B	881M	698M
Depreciation & Amortization	118M	121M	121M	120M	114M	108M	99M	92M	87M	96M
Deferred Taxes	-71M	-51M	79M	24M	14M	-82M	79M	-27M	-92M	-1M
Other Non-Cash Items	201M	254M	56M	1M	49M	496M	-429M	-3M	45M	11M
Working Capital Changes	58M	-349M	47M	188M	-328M	-115M	-324M	-635M	278M	-257M
Cash from Investing+	-3.25B	-254M	-120M	-1.16B	-494M	-4.6B	1.72B	-9.95B	3.49B	3.26B
Purchase of Investments	-4.59B	-2.04B	-3.11B	-3.03B	-3.35B	-5.8B	-7.94B	-7.47B	0	-1.33B
Sale/Maturity of Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Net Investment Activity	-	-	-	-	-	-	-	-	-	-
Acquisitions	0	0	0	0	0	0	0	0	0	0
Other Investing	-627M	-215M	-132M	-1.07B	-311M	-2.07B	4.19B	-4.91B	1.16B	1.72B
Cash from Financing+	2.47B	839M	-2.34B	-1.74B	661M	13.62B	4.55B	-7.08B	-1.52B	-6.56B
Dividends Paid	-147M	-152M	-180M	-263M	-402M	-383M	-392M	-376M	-394M	-400M
Share Repurchases	-250M	-320M	-560M	-1.34B	-1.39B	-199M	-729M	-43M	-17M	-114M
Stock Issued	22M	157M	118M	52M	18M	4M	34M	28M	18M	22M
Net Stock Activity	-	-	-	-	-	-	-	-	-	-
Debt Issuance (Net)	1000K	1000K	-1000K	1000K	1000K	-1000K	-1000K	1000K	1000K	-1000K
Other Financing	2.52B	-998M	-1.19B	-2.08B	1.71B	15.55B	8.44B	-10.4B	-4.64B	-3B
Net Change in Cash+	76M	1.07B	-1.37B	-1.28B	1.26B	9.95B	6.91B	-16.4B	3.22B	-2.7B
Exchange Rate Effect	0	0	0	0	0	0	0	0	0	0
Cash at Beginning	6.07B	6.15B	7.22B	5.84B	4.56B	5.82B	15.77B	22.68B	6.28B	9.5B
Cash at End	6.15B	7.22B	5.84B	4.56B	5.82B	15.77B	22.68B	6.28B	9.5B	6.8B
Interest Paid	94M	111M	122M	261M	462M	203M	57M	130M	1.45B	1.89B
Income Taxes Paid	88M	151M	336M	200M	266M	141M	157M	277M	317M	101M
Free Cash Flow+	746M	391M	1.02B	1.53B	1B	849M	564M	556M	1.1B	448M
FCF Growth %	0.31%	-0.48%	1.6%	0.5%	-0.34%	-0.15%	-0.34%	-0.01%	0.97%	-0.59%

Banking Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	6.96%	6.21%	9.43%	15.97%	16.21%	6.46%	14.65%	17.6%	15.21%	10.78%
Return on Assets (ROA)	0.74%	0.66%	1.03%	1.73%	1.67%	0.62%	1.28%	1.28%	1.03%	0.85%
Net Interest Margin	2.35%	2.46%	2.88%	3.32%	3.19%	2.17%	1.95%	2.89%	2.93%	2.76%
Efficiency Ratio	64.81%	65.2%	56.55%	49.9%	45.42%	56.69%	61.54%	53.42%	44.91%	46.2%
Equity / Assets	10.52%	10.68%	11.13%	10.6%	9.98%	9.13%	8.35%	6.07%	7.46%	8.25%
Book Value / Share	41.77	44.05	44.74	43.9	48.52	57.5	57.64	38.95	48.17	48.83
NII Growth	2.05%	6.39%	14.69%	14.12%	-0.55%	-18.3%	-3.51%	33.73%	1.95%	-12.89%
Dividend Payout	28.21%	31.87%	24.23%	21.3%	33.44%	75.45%	31.59%	30.67%	42.11%	54.01%

Revenue by Segment

	2018	2019	2020	2021	2022	2024
Business Bank Member	365M	369M	403M	410M	384M	378M
Business Bank Member Growth	-	1.10%	9.21%	1.74%	-6.34%	-1.56%
Wealth Management	259M	261M	255M	271M	288M	284M
Wealth Management Growth	-	0.77%	-2.30%	6.27%	6.27%	-1.39%
Retail Bank Member	130M	130M	100M	115M	115M	109M
Retail Bank Member Growth	-	0.00%	-23.08%	15.00%	0.00%	-5.22%
Finance Other1 [Domain]	1M	-	-	-	1M	1M
Finance Other1 [Domain] Growth	-	-	-	-	-	0.00%

Frequently Asked Questions

Valuation & Price

Comerica Incorporated (CMA) has a price-to-earnings (P/E) ratio of 18.2x. This is roughly in line with market averages.

Growth & Financials

Comerica Incorporated (CMA) saw revenue decline by 4.9% over the past year.

Yes, Comerica Incorporated (CMA) is profitable, generating $725.0M in net income for fiscal year 2024 (14.0% net margin).

Dividend & Returns

Yes, Comerica Incorporated (CMA) pays a dividend with a yield of 3.07%. This makes it attractive for income-focused investors.

Comerica Incorporated (CMA) has a return on equity (ROE) of 10.8%. This is reasonable for most industries.

Industry Metrics

Comerica Incorporated (CMA) has a net interest margin (NIM) of 2.8%. NIM has been under pressure due to interest rate environment.

Comerica Incorporated (CMA) has an efficiency ratio of 46.2%. This is excellent, indicating strong cost control.

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