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CMA

Comerica Incorporated

CMA

Comerica Incorporated • NYSE
$80.38 ▲ 0.32% (+0.26)
Market Cap $10.27 B
52w High $83.22
52w Low $48.12
Dividend Yield 2.84%
P/E 15.37
Volume 336.39K
Outstanding Shares 127.74M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $1.21B ▲ $589M ▲ $176M ▼ 14.545% ▼ $1.36 ▼ $251M ▼
Q2-2025 $1.205B ▲ $561M ▼ $199M ▲ 16.515% ▲ $1.43 ▲ $269M ▲
Q1-2025 $1.178B ▼ $584M ▼ $172M ▲ 14.601% ▲ $1.25 ▲ $250M ▲
Q4-2024 $1.217B ▼ $587M ▲ $170M ▼ 13.969% ▼ $1.23 ▼ $243M ▼
Q3-2024 $1.259B $562M $184M 14.615% $1.33 $258M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $16.98B ▲ $77.376B ▼ $69.947B ▼ $7.429B ▲
Q2-2025 $12.896B ▼ $77.988B ▲ $71.128B ▲ $6.86B ▼
Q1-2025 $13.573B ▼ $77.622B ▼ $70.57B ▼ $7.052B ▲
Q4-2024 $14.179B ▲ $79.297B ▼ $72.754B ▲ $6.543B ▼
Q3-2024 $7.729B $79.663B $72.297B $7.366B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q2-2025 $199M ▲ $476M ▲ $-1.048B ▼ $68M ▲ $-504M ▲ $449M ▲
Q1-2025 $172M ▲ $273M ▲ $913M ▲ $-2.198B ▼ $-1.012B ▼ $266M ▲
Q4-2024 $170M ▼ $-354M ▼ $253M ▼ $512M ▲ $411M ▼ $-389M ▼
Q3-2024 $184M ▼ $1.049B ▲ $1.837B ▲ $-1.305B ▼ $1.581B ▲ $1.015B ▲
Q2-2024 $206M $111M $-568M $134M $-323M $67M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Business Bank Member
Business Bank Member
 $90.00M ▲$90.00M ▲$90.00M ▲$100.00M ▲
Retail Bank Member
Retail Bank Member
 $10.00M ▲$30.00M ▲$30.00M ▲$30.00M ▲
Wealth Management
Wealth Management
 $70.00M ▲$70.00M ▲$70.00M ▲$70.00M ▲
Finance Other1 Domain
Finance Other1 Domain
 $0 ▲$0 ▲$0 ▲$0 ▲

Five-Year Company Overview

Income Statement

Income Statement Comerica’s earnings picture shows it is still profitable, but under more pressure than a couple of years ago. Revenue climbed strongly coming out of 2020 as interest rates rose, then appears to have peaked and eased back recently. Profit margins were quite healthy in 2021–2022, but have narrowed since, suggesting higher funding costs, more competition for deposits, and possibly higher credit and operating expenses. Net income and earnings per share have stepped down from their recent highs, though they remain well above pandemic lows. Overall, this looks like a bank that benefited from the rate upswing but is now dealing with a tougher spread and cost environment.

Balance Sheet

Balance Sheet The balance sheet looks typical for a regional bank: large relative to equity, with leverage that is normal for the sector. Total assets have drifted down modestly from their peak, which may reflect a deliberate effort to shrink or remix the balance sheet in response to funding and risk considerations. Cash levels surged during the pandemic and have since come down, which is not unusual as excess liquidity is put to work or deposits normalize. Debt has moved up compared with earlier years but has started to edge lower more recently, suggesting some balance sheet repair or optimization. Equity has stayed relatively steady in recent years, indicating that capital has not been significantly eroded, but it remains a thin cushion compared to total assets, as is standard for banks. The key question for this balance sheet is less size and more the quality of loans and securities, which is not fully visible from these aggregates.

Cash Flow

Cash Flow Comerica has consistently generated positive cash from operations over the past several years, but the amounts have swung around as the interest rate and deposit environment has changed. Free cash flow has been positive each year, even if uneven, indicating the bank has generally produced enough internal cash to support its modest investment needs while still having flexibility for capital returns or balance sheet management. Capital spending is small and steady relative to the size of the business, reflecting that most “investment” in a bank is in people, technology, and risk systems rather than heavy physical assets. The variability in operating cash flows is normal for a bank and largely reflects shifts in loans, deposits, and securities rather than underlying instability, but it does underline how sensitive the business is to market conditions.

Competitive Edge

Competitive Edge Comerica positions itself as a relationship-driven regional bank with particular strength in commercial and industrial lending and small business banking. Its deep roots in key markets like Texas, California, and Michigan give it strong local brand recognition and long-standing client relationships, which can be hard for new entrants to displace. Its focus on specialized industry lending and treasury services adds an element of expertise that can widen switching costs for business customers. At the same time, the bank operates in a very crowded space, facing competition from national giants, other regionals, community banks, and fintechs. Its geographic concentration is both a strength and a vulnerability: strong where it is present, but exposed to regional economic downturns. Execution missteps, such as recent technology issues in its wealth management trust area, also highlight that maintaining its position requires flawless delivery while modernizing.

Innovation and R&D

Innovation and R&D Comerica is clearly leaning into digital transformation rather than standing still. The move toward cloud-based systems, the use of data and AI for customer insight and risk management, and upgrades around real-time payments all aim to make the bank more efficient and more attractive to digital-first customers. Its partnership strategy, such as teaming with fintech providers to offer fast, fully digital small business lending, lets it bolt on advanced capabilities without reinventing everything in-house. The SmallBizCo-Op program and free coworking spaces are unusual, tangible perks that differentiate Comerica in the small business segment and deepen loyalty beyond standard banking services. However, the technology-related disruptions in its trust business show that innovation comes with operational and reputational risk if large system changes do not go smoothly. The key question is whether Comerica can execute its “Digital 2025” vision fast and reliably enough to keep pace with bigger banks and nimble fintechs, turning these investments into clear customer and cost advantages.

Summary

Comerica today looks like a solid, mid-sized regional bank that is transitioning from a period of rate-driven earnings strength into a more challenging, competitive environment. Profitability remains positive but has come off its highs, reflecting narrower spreads and higher costs. The balance sheet appears broadly sound and typical for the sector, with some signs of balance sheet tightening and optimization after a period of expansion and elevated liquidity. Cash generation has been consistently positive, supporting ongoing technology and business investments. Competitively, Comerica’s edge lies in its regional depth, commercial and small business focus, and relationship-driven model, but it must constantly defend this position against larger banks and fintechs. Its innovation agenda—cloud, AI, modern payments, and distinctive small business programs—offers meaningful upside if executed well, yet also introduces operational risk. Going forward, the main things to watch are earnings resilience as funding and credit conditions evolve, capital and asset quality, the success of its digital initiatives, and how effectively it leverages its regional and small business franchises without overextending on risk or technology execution.

NEWS

November 26, 2025 · 3:09 PM UTC

Portnoy Law Firm Announces Class Action on Behalf of Comerica, Inc. Investors

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November 25, 2025 · 8:00 AM UTC

Kaskela Law LLC Announces Shareholder Class Action Lawsuit Against Comerica Inc. (NYSE: CMA) and Encourages CMA Shareholders to Contact the Firm

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November 21, 2025 · 11:59 AM UTC

Detroit Lions, Comerica Bank Kick Off "Double The Impact" My Cause My Cleats Campaign to Support DBG - Detroit on November 23

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November 20, 2025 · 8:00 AM UTC

SHAREHOLDER ALERT: Kaskela Law LLC Announces Investigation into Fairness of Fifth Third Bancorp's Proposed Acquisition of Comerica Inc. (CMA) and Encourages CMA Investors to Contact the Firm

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November 17, 2025 · 11:18 AM UTC

CMA Alert: Monsey Firm of Wohl & Fruchter Investigating Fairness of the Proposed Merger of Comerica With Fifth Third Bancorp In Light of Holdco Presentation

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