Company research
COMERICA INC
CIK 28412Updated Sep 24, 2026
SecurityCMA · OTC · equity
Name history
COMERICA INC /NEW/ · through Aug 25, 2025
CMA price & chart
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OTC:CMA on TradingView ↗About the company
Comerica Incorporated is a financial services company headquartered in Dallas, Texas, and strategically aligned by three business segments: The Commercial Bank, The Retail Bank and Wealth Management. Comerica, one of the 25 largest commercial U.S. financial holding companies, focuses on building relationships and helping people and businesses be successful. Comerica provides banking centers across the country with locations in Arizona, California, Florida, Michigan and Texas. Founded on Aug. 17, 1849, in Detroit, Michigan, Comerica has offices in 15 states and services 13 of the 15 largest U.S. metropolitan areas, as well as Canada and Mexico. Comerica reported total assets of $77.4 billion at Sept. 30, 2025. Learn more about how Comerica is raising expectations of what a bank can be by visiting www.comerica.com.
Financials
FY 2024 · USDSource
Source
Source
balance sheet · annual statements
| Line item | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 79,297,000,000Source | 85,834,000,000Source | 85,406,000,000Source | 94,616,000,000Source |
| Property, Plant and Equipment, NetUSD | 473,000,000Source | 445,000,000Source | 400,000,000Source | 454,000,000Source |
| GoodwillUSD | 635,000,000Source | 635,000,000Source | 635,000,000Source | 635,000,000Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | — | — | — | 22,679,000,000Source |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 72,754,000,000Source | 79,428,000,000Source | 80,225,000,000Source | 86,719,000,000Source |
| Stockholders’ equity: | ||||
| Preferred Stock, Value, IssuedUSD | 394,000,000Source | 394,000,000Source | 394,000,000Source | — |
| Common Stock, Value, IssuedUSD | 1,141,000,000Source | 1,141,000,000Source | 1,141,000,000Source | — |
| Retained Earnings (Accumulated Deficit)USD | 12,017,000,000Source | 11,727,000,000Source | 11,258,000,000Source | — |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | -3,161,000,000Source | -3,048,000,000Source | -3,742,000,000Source | -212,000,000Source |
| Additional Paid in Capital, Common StockUSD | 2,218,000,000Source | 2,224,000,000Source | 2,220,000,000Source | — |
| Liabilities and EquityUSD | 79,297,000,000Source | 85,834,000,000Source | 85,406,000,000Source | 94,616,000,000Source |
| Additional Financial Items | ||||
| AOCI, Debt Securities, Available-for-sale, Adjustment, after TaxUSD | -2,197,000,000Source | -2,043,000,000Source | — | -99,000,000Source |
| Accumulated Other Comprehensive (Income) Loss, Defined Benefit Plan, after TaxUSD | -368,000,000Source | -400,000,000Source | -481,000,000Source | -168,000,000Source |
| Long-term DebtUSD | 6,673,000,000Source | 6,206,000,000Source | 3,024,000,000Source | 2,796,000,000Source |
cash flow · annual statements
| Line item | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | 698,000,000Source | 881,000,000Source | 1,151,000,000Source | 1,168,000,000Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation and amortization | — | — | — | — |
| Share-based Payment Arrangement, Noncash ExpenseUSD | 54,000,000Source | 52,000,000Source | 60,000,000Source | 41,000,000Source |
| Deferred Income Tax Expense (Benefit)USD | -1,000,000Source | -92,000,000Source | -27,000,000Source | 79,000,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | 601,000,000Source | 1,251,000,000Source | 638,000,000Source | 634,000,000Source |
| Cash flows from investing activities: | ||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | 3,261,000,000Source | 3,494,000,000Source | -9,952,000,000Source | 1,723,000,000Source |
| Cash flows from financing activities: | ||||
| Payments for Repurchase of Common StockUSD | 100,000,000Source | 17,000,000Source | 43,000,000Source | 729,000,000Source |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | -6,560,000,000Source | -1,525,000,000Source | -7,083,000,000Source | 4,555,000,000Source |
| Payments of Ordinary Dividends, Common StockUSD | 377,000,000Source | 371,000,000Source | 353,000,000Source | 369,000,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | -2,698,000,000Source | — | — | — |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 6,804,000,000Source | 9,502,000,000Source | 6,282,000,000Source | — |
| Supplemental disclosure of cash flow information: | ||||
| Income Taxes Paid, NetUSD | 101,000,000Source | 317,000,000Source | 277,000,000Source | 157,000,000Source |
| Additional Financial Items | ||||
| Share-based Payment Arrangement, ExpenseUSD | 54,000,000Source | 52,000,000Source | 60,000,000Source | 41,000,000Source |
| Bank Owned Life Insurance IncomeUSD | 44,000,000Source | 46,000,000Source | 47,000,000Source | 43,000,000Source |
| Capitalized Computer Software, AmortizationUSD | 28,000,000Source | 26,000,000Source | — | — |
| Debt and Equity Securities, Gain (Loss)USD | -19,000,000Source | 0Source | 0Source | 0Source |
| Equipment ExpenseUSD | 52,000,000Source | 50,000,000Source | 50,000,000Source | 50,000,000Source |
| GoodwillUSD | 635,000,000Source | 635,000,000Source | 635,000,000Source | 635,000,000Source |
| Income Tax Expense (Benefit)USD | 190,000,000Source | 263,000,000Source | 325,000,000Source | 322,000,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | 671,000,000Source | 854,000,000Source | 1,122,000,000Source | 1,140,000,000Source |
| Operating Lease, ExpenseUSD | — | — | 68,000,000Source | 65,000,000Source |
| Other Interest and Dividend IncomeUSD | 333,000,000Source | 405,000,000Source | 105,000,000Source | 27,000,000Source |
| Proceeds from Issuance of Common StockUSD | 22,000,000Source | 18,000,000Source | 28,000,000Source | 34,000,000Source |
| Proceeds from Issuance of Long-term DebtUSD | 1,000,000,000Source | 4,000,000,000Source | 500,000,000Source | 0Source |
| Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-saleUSD | 2,213,000,000Source | 2,485,000,000Source | 2,511,000,000Source | 5,536,000,000Source |
| Provision for Loan, Lease, and Other LossesUSD | 49,000,000Source | 89,000,000Source | 60,000,000Source | -384,000,000Source |
| Unrealized Gain (Loss) on InvestmentsUSD | -182,000,000Source | 361,000,000Source | -2,903,000,000Source | -406,000,000Source |
income statement · annual statements
| Line item | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|
| Total RevenueUSD | 772,000,000Source | 798,000,000Source | 788,000,000Source | 796,000,000Source |
| Income Tax Expense (Benefit)USD | 190,000,000Source | 263,000,000Source | 325,000,000Source | 322,000,000Source |
| Earnings Per Share, BasicUSD per share | 5.06Source | 6.47Source | 8.56Source | 8.45Source |
| Earnings Per Share, DilutedUSD per share | 5.02Source | 6.44Source | 8.47Source | 8.35Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 133,000,000Source | 132,000,000Source | 131,000,000Source | 135,000,000Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 134,000,000Source | 133,000,000Source | 133,000,000Source | 137,000,000Source |
| Additional Financial Items | ||||
| Bank Owned Life Insurance IncomeUSD | 44,000,000Source | 46,000,000Source | 47,000,000Source | 43,000,000Source |
| Capitalized Computer Software, AmortizationUSD | 28,000,000Source | 26,000,000Source | — | — |
| Common Stock, Dividends, Per Share, DeclaredUSD per share | 2.84Source | 2.84Source | 2.72Source | 2.72Source |
| Current Income Tax Expense (Benefit)USD | 191,000,000Source | 355,000,000Source | 352,000,000Source | 243,000,000Source |
| Debt and Equity Securities, Gain (Loss)USD | -19,000,000Source | 0Source | 0Source | 0Source |
| Depreciation, Depletion and Amortization, NonproductionUSD | 96,000,000Source | 87,000,000Source | 92,000,000Source | 99,000,000Source |
| Equipment ExpenseUSD | 52,000,000Source | 50,000,000Source | 50,000,000Source | 50,000,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, DomesticUSD | — | — | — | -1,490,000,000Source |
| Interest ExpenseUSD | — | 1,661,000,000Source | 206,000,000Source | 57,000,000Source |
| InterestExpenseOperatingUSD | 1,749,000,000Source | — | — | — |
| Interest Income (Expense), NetUSD | 2,190,000,000Source | 2,514,000,000Source | 2,466,000,000Source | 1,844,000,000Source |
| Labor and Related ExpenseUSD | 1,352,000,000Source | 1,306,000,000Source | 1,208,000,000Source | 1,133,000,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | 671,000,000Source | 854,000,000Source | 1,122,000,000Source | 1,140,000,000Source |
| Operating Lease, ExpenseUSD | — | — | 68,000,000Source | 65,000,000Source |
| Other Interest and Dividend IncomeUSD | 333,000,000Source | 405,000,000Source | 105,000,000Source | 27,000,000Source |
Filing attachments
a2025q4pressrelease-ex991.htm · 8-K · 2026-01-20
EX-99.1 2 a2025q4pressrelease-ex991.htm EX-99.1 Document CONSOLIDATED FINANCIAL HIGHLIGHTS (unaudited) Comerica Incorporated and Subsidiaries Three Months Ended Years Ended December 31, September 30, De…
Read attachment ↗d79142dex991.htm · 8-K · 2026-01-14
EX-99.1 2 d79142dex991.htm EX-99.1 EX-99.1 Exhibit 99.1 January 13, 2026 Fifth Third and Comerica Announce Receipt of All Material Approvals to Combine CINCINNATI and DALLAS - Fifth Third Bancorp (Nasdaq: FITB) and Comerica Incorporated (NYSE: CMA) today announced that the Board of Governors of the Federal Reserve System approved the combination of the two companies. As a result, all material regulatory and shareholder approvals to merge have been received. The transaction is expected to…
Read attachment ↗d69885dex991.htm · 8-K · 2026-01-06
EX-99.1 2 d69885dex991.htm EX-99.1 EX-99.1 Exhibit 99.1 January 6, 2026 Fifth Third Shareholders and Comerica Stockholders Vote to Approve Combination CINCINNATI and DALLAS - Today, shareholders of Fifth Third Bancorp (Nasdaq: FITB) and stockholders of Comerica Incorporated (NYSE: CMA) voted separately to approve the proposed merger of the two companies. The transaction is expected to close in the first quarter of 2026, subject to satisfaction of the remaining customary closing condition…
Read attachment ↗a2025q3pressrelease-ex991.htm · 8-K · 2025-10-17
EX-99.1 2 a2025q3pressrelease-ex991.htm EX-99.1 Document THIRD QUARTER 2025 NET INCOME OF $176 MILLION, $1.35 PER SHARE “Today we reported third quarter net income of $176 million, or $1.35 per share,” said Curtis C. Farmer, Comerica Chairman and Chief Executive Officer. “We produced robust average deposit growth while maintaining a compelling deposit mix. Deposit pricing performed in line with expectations, and we saw a slight uptick in average loans which altogether resulted in relativel…
Read attachment ↗d76458dex991.htm · 8-K · 2025-10-06
EX-99.1 2 d76458dex991.htm EX-99.1 EX-99.1 Exhibit 99.1 Monday, October 6, 2025 Fifth Third to Acquire Comerica Merger Delivers Compelling Value to Shareholders CINCINNATI and DALLAS - Fifth Third Bancorp (Nasdaq: FITB) and Comerica Incorporated (NYSE: CMA) today announced that they have entered into a definitive merger agreement under which Fifth Third will acquire Comerica in an all-stock transaction valued at $10.9 billion. Under the terms of the agreement, Comerica’s stockholders wi…
Read attachment ↗d10770dex42.htm · 8-K · 2025-08-12
EX-4.2 3 d10770dex42.htm EX-4.2 EX-4.2 Exhibit 4.2 DEPOSIT AGREEMENT among COMERICA INCORPORATED, COMPUTERSHARE INC. AND COMPUTERSHARE TRUST COMPANY, N.A., and THE HOLDERS FROM TIME TO TIME OF THE DEPOSITARY RECEIPTS DESCRIBED HEREIN Dated as of August 11, 2025 TABLE OF CONTENTS ARTICLE I DEFINED TERMS …
Read attachment ↗