Latest news with #Comerica
Yahoo
4 days ago
- Business
- Yahoo
Comerica Q2 Earnings Top Estimates on Strength in NII & Loan Growth
Comerica Incorporated CMA has reported second-quarter 2025 adjusted earnings per share (EPS) of $1.42, beating the Zacks Consensus Estimate of $1.23. In the prior-year quarter, the company reported an EPS of $1.53. Results benefited from a rise in net interest income (NII) and loan balance. Yet, lower deposit balances, decline in non-interest income and weak asset quality were concerning. Net income attributable to common shareholders (GAAP basis) was $187 million, which declined 6.5% from the year-ago quarter. Comerica's Revenues & Expenses Rise Total quarterly revenues were $849 million, up 3% year over year. The top line surpassed the consensus estimate by 0.5%. Quarterly NII rose 7.9% on a year-over-year basis to $575 million. The net interest margin increased 30 basis points year over year to 3.16%. Total non-interest income was $274 million, down 5.8% on a year-over-year basis. Non-interest expenses totaled $561 million, up 1.1% year over year. The rise was primarily due to an increase in Salaries and benefits expense and Occupancy expense. The efficiency ratio was 65.78% compared with the prior-year quarter's 67.77%. A fall in this ratio indicates increased profitability. CMA's Loans Balance Rise & Deposit Declines As of June 30, 2025, total loans rose 2.5% on a sequential basis to $51.2 billion. Total deposits declined 2.4% from the previous quarter to $60 billion. Comerica's Credit Quality Deteriorates The company recorded a provision for credit loss of $44 million in the second quarter compared with no provision in the year-ago quarter. The allowance for credit losses was $735 million, which rose 2.5% year over year. Total non-performing assets rose 10.2% year over year to $249 million. The allowance for credit losses to total loans ratio was 1.44% as of June 30, 2025, up from 1.38% as of June 30, 2024. Also, the company recorded net charge-offs of $28 million, significantly up from $11 million recorded in the year-ago quarter. CMA's Capital Position Mixed Bag The total capital ratio was 13.74%, down from 14.02% in the year-ago quarter. The Common Equity Tier 1 capital ratio was 11.94%, up from 11.55% in the prior-year quarter. As of June 30, 2025, CMA's tangible common equity ratio was 8.04%, up from 6.49% in the prior-year quarter. Comerica's Capital Distribution Activities The company repurchased $100 million of common stock under the share repurchase program. Our View on CMA The company's decent capital position will aid capital distribution activities in the upcoming period, boosting investor confidence in the stock. Its focus on improving operational efficiency will support financials. The rise in NII looks encouraging. However, weak asset quality and a rise in expenses remain near-term concerns. Comerica Incorporated Price, Consensus and EPS Surprise Comerica Incorporated price-consensus-eps-surprise-chart | Comerica Incorporated Quote Currently, Comerica carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Performance of Other Banks Synovus Financial Corp. SNV reported second-quarter 2025 adjusted earnings per share of $1.48, which surpassed the Zacks Consensus Estimate of $1.25. This compares favorably with the earnings of $1.16 per share a year ago. (Find the latest EPS estimates and surprises on Zacks Earnings Calendar.) SNV's results benefited from strong year-over-year growth in NII and non-interest revenues, along with a fall in provisions for credit losses. Also, improving loan balances were a tailwind. An increase in expenses, however, was a major headwind. First Horizon Corporation's FHN second-quarter 2025 adjusted earnings per share (excluding notable items) of 45 cents surpassed the Zacks Consensus Estimate of 41 cents. This compares favorably with 36 cents in the year-ago quarter. FHN's results benefited from a rise in NII and non-interest income, along with a decline in expenses. Also, lower provisions and a rise in loans and deposit balances were other positives. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Synovus Financial Corp. (SNV) : Free Stock Analysis Report Comerica Incorporated (CMA) : Free Stock Analysis Report First Horizon Corporation (FHN) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Malaysian Reserve
5 days ago
- Business
- Malaysian Reserve
Comerica Reports Second Quarter 2025 Earnings Results
DALLAS, July 18, 2025 /PRNewswire/ — Comerica Incorporated (NYSE: CMA) has reported its second quarter 2025 financial results. The results are available on the Investor Relations section of Comerica's website here. In addition, the financial results and earnings presentation will be furnished on a Form 8-K filing that will be available on the Securities and Exchange Commission website at As previously announced, Comerica will host a conference call to review the second quarter 2025 financial results. Interested parties may access the call and supplemental materials through the following details: DATE: Friday, July 18, 2025 TIME: 7 a.m. CT / 8 a.m. ET PARTICIPANT DIAL-IN: (877) 484-6065 OR (201) 689-8846 WEBCAST / PRESENTATION: The live audio webcast, earnings release and earnings presentation will be available on the Investor Relations Presentations and Events page on Comerica's presentation may include forward looking statements and may discuss or disclose material business, financial or other information not contained in the conference presentation, financial results, earnings presentation, or in other prior disclosure. REPLAY INFORMATION: A replay (accessible for one year) of the call is expected to be available approximately one hour after the live webcast on the Investor Relations Presentations and Events page on Comerica Incorporated (NYSE: CMA) 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 continues to expand into new regions, including its Southeast Market, based in North Carolina, and Mountain West Market in Colorado. 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 $78.0 billion at June 30, 2025. Learn more about how Comerica is raising expectations of what a bank can be by visiting and follow us on Facebook, X, Instagram and LinkedIn.
Yahoo
5 days ago
- Business
- Yahoo
Comerica Reports Second Quarter 2025 Earnings Results
DALLAS, July 18, 2025 /PRNewswire/ -- Comerica Incorporated (NYSE: CMA) has reported its second quarter 2025 financial results. The results are available on the Investor Relations section of Comerica's website here. In addition, the financial results and earnings presentation will be furnished on a Form 8-K filing that will be available on the Securities and Exchange Commission website at As previously announced, Comerica will host a conference call to review the second quarter 2025 financial results. Interested parties may access the call and supplemental materials through the following details: DATE: Friday, July 18, 2025 TIME: 7 a.m. CT / 8 a.m. ET PARTICIPANT DIAL-IN: (877) 484-6065 OR (201) 689-8846 WEBCAST / PRESENTATION: The live audio webcast, earnings release and earnings presentation will be available on the Investor Relations Presentations and Events page on Comerica's presentation may include forward looking statements and may discuss or disclose material business, financial or other information not contained in the conference presentation, financial results, earnings presentation, or in other prior disclosure. REPLAY INFORMATION: A replay (accessible for one year) of the call is expected to be available approximately one hour after the live webcast on the Investor Relations Presentations and Events page on Comerica Incorporated (NYSE: CMA) 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 continues to expand into new regions, including its Southeast Market, based in North Carolina, and Mountain West Market in Colorado. 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 $78.0 billion at June 30, 2025. Learn more about how Comerica is raising expectations of what a bank can be by visiting and follow us on Facebook, X, Instagram and LinkedIn. View original content to download multimedia: SOURCE Comerica Incorporated Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
6 days ago
- Business
- Yahoo
Comerica (CMA) To Report Earnings Tomorrow: Here Is What To Expect
Financial services company Comerica (NYSE:CMA) will be reporting results this Friday morning. Here's what you need to know. Comerica missed analysts' revenue expectations by 1.8% last quarter, reporting revenues of $815.2 million, up 4% year on year. It was a satisfactory quarter for the company, with a solid beat of analysts' tangible book value per share estimates. Is Comerica a buy or sell going into earnings? Read our full analysis here, it's free. This quarter, analysts are expecting Comerica's revenue to grow 2.3% year on year to $843.1 million, a reversal from the 10.7% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.22 per share. Heading into earnings, analysts covering the company have grown increasingly bearish with revenue estimates seeing 7 downward revisions over the last 30 days (we track 14 analysts). Comerica has missed Wall Street's revenue estimates four times over the last two years. Looking at Comerica's peers in the regional banks segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Fulton Financial's revenues decreased 3.2% year on year, beating analysts' expectations by 1.9%, and Synovus Financial reported revenues up 93.9%, topping estimates by 1.5%. Fulton Financial's stock price was unchanged following the results. Read our full analysis of Fulton Financial's results here and Synovus Financial's results here. There has been positive sentiment among investors in the regional banks segment, with share prices up 10.4% on average over the last month. Comerica is up 12.7% during the same time and is heading into earnings with an average analyst price target of $61.47 (compared to the current share price of $62). When a company has more cash than it knows what to do with, buying back its own shares can make a lot of sense–as long as the price is right. Luckily, we've found one, a low-priced stock that is gushing free cash flow AND buying back shares. Click here to claim your Special Free Report on a fallen angel growth story that is already recovering from a setback. StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here.
Yahoo
6 days ago
- Business
- Yahoo
Comerica (CMA) To Report Earnings Tomorrow: Here Is What To Expect
Financial services company Comerica (NYSE:CMA) will be reporting results this Friday morning. Here's what you need to know. Comerica missed analysts' revenue expectations by 1.8% last quarter, reporting revenues of $815.2 million, up 4% year on year. It was a satisfactory quarter for the company, with a solid beat of analysts' tangible book value per share estimates. Is Comerica a buy or sell going into earnings? Read our full analysis here, it's free. This quarter, analysts are expecting Comerica's revenue to grow 2.3% year on year to $843.1 million, a reversal from the 10.7% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.22 per share. Heading into earnings, analysts covering the company have grown increasingly bearish with revenue estimates seeing 7 downward revisions over the last 30 days (we track 14 analysts). Comerica has missed Wall Street's revenue estimates four times over the last two years. Looking at Comerica's peers in the regional banks segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Fulton Financial's revenues decreased 3.2% year on year, beating analysts' expectations by 1.9%, and Synovus Financial reported revenues up 93.9%, topping estimates by 1.5%. Fulton Financial's stock price was unchanged following the results. Read our full analysis of Fulton Financial's results here and Synovus Financial's results here. There has been positive sentiment among investors in the regional banks segment, with share prices up 10.4% on average over the last month. Comerica is up 12.7% during the same time and is heading into earnings with an average analyst price target of $61.47 (compared to the current share price of $62). When a company has more cash than it knows what to do with, buying back its own shares can make a lot of sense–as long as the price is right. Luckily, we've found one, a low-priced stock that is gushing free cash flow AND buying back shares. Click here to claim your Special Free Report on a fallen angel growth story that is already recovering from a setback. StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here.
