CMA
Comerica Incorporated87.71
-0.40-0.45%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
11.21BP/E (TTM)
16.77Basic EPS (TTM)
5.23Dividend Yield
0.03%Recent Filings
10-Q
Q3 FY2025 results
Comerica posted Q3 net income of $176M, down from $184M y/y yet stable q/q at $199M, with net interest income up 7% y/y to $574M (derived) on lower deposit costs while diluted EPS held at $1.35. Provision for credit losses rose to $22M from $14M y/y amid $32M net charge-offs, but nonperformers eased to 0.51% of loans. Deposits dipped to $62.6B while medium- and long-term debt fell to $5.4B with $10.3B FHLB availability; cash operating flows trailed at $479M YTD. Issued $392M Series B preferred in August, repurchased $302M common. Announced all-stock merger with Fifth Third October 6. Regulatory approvals pose key risk.
8-K
Q3 earnings; Fifth Third merger
Comerica posted Q3 net income of $176 million, or $1.35 per share, with stable net interest income at $574 million amid deposit growth to $62.7 billion average, yet rising expenses to $589 million squeezed margins to 3.09%. No earnings call due to pending all-stock merger with Fifth Third—1.8663 FITB shares per CMA share, announced October 6, expected Q1 2026 close. Capital strong at 11.90% CET1. Regulatory approvals pending.
8-K
Comerica-Fifth Third merger announced
Comerica signed a merger agreement with Fifth Third on October 5, 2025, converting each Comerica common share into 1.8663 Fifth Third shares. Boards unanimously approved; deal awaits shareholder votes, regulatory nods from Fed and OCC. Fifth Third adds three Comerica directors post-close. Termination fee: $500 million.
8-K
Fifth Third to buy Comerica
Comerica signed a definitive all-stock merger agreement with Fifth Third on October 6, 2025, valued at $10.9 billion, with Comerica shareholders receiving 1.8663 Fifth Third shares per share—a 20% premium. The deal creates the 9th largest U.S. bank with $288 billion in assets, targeting Q1 2026 close pending approvals. Regulatory hurdles loom large.
8-K
Comerica previews growth strategies
Comerica disclosed presentation slides for its September 9, 2025, Barclays conference, highlighting a high-quality franchise in high-growth markets with top-quartile CET1 and TCE ratios. Strategic investments target 3-5% CAGR in National & Specialty loans and 5-6% in Capital Markets noninterest income, fueled by swap maturities lifting NII. 3Q25 loans flat through August; deposits up $1.4B.
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