Comerica Incorporated (CMA)
NYSE: CMA · Real-Time Price · USD
71.09
+2.19 (3.18%)
Nov 22, 2024, 4:00 PM EST - Market closed
Comerica Income Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Fiscal Year | TTM | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | 2018 - 2014 |
|---|---|---|---|---|---|---|---|
Period Ending | Sep '24 Sep 30, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 | Dec '20 Dec 31, 2020 | Dec '19 Dec 31, 2019 | 2018 - 2014 |
| Interest Income on Loans | 3,258 | 3,340 | 2,153 | 1,594 | 1,773 | 2,439 | Upgrade
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| Interest Income on Investments | 763 | 835 | 519 | 307 | 320 | 368 | Upgrade
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| Total Interest Income | 4,021 | 4,175 | 2,672 | 1,901 | 2,093 | 2,807 | Upgrade
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| Interest Paid on Deposits | 1,254 | 892 | 102 | 22 | 101 | 262 | Upgrade
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| Interest Paid on Borrowings | 568 | 769 | 104 | 35 | 81 | 206 | Upgrade
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| Total Interest Expense | 1,822 | 1,661 | 206 | 57 | 182 | 468 | Upgrade
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| Net Interest Income | 2,199 | 2,514 | 2,466 | 1,844 | 1,911 | 2,339 | Upgrade
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| Net Interest Income Growth (YoY) | -17.70% | 1.95% | 33.73% | -3.51% | -18.30% | -0.55% | Upgrade
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| Trust Income | 222 | 235 | 233 | 231 | 209 | 206 | Upgrade
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| Gain (Loss) on Sale of Assets | - | - | - | - | - | 6 | Upgrade
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| Gain (Loss) on Sale of Investments | -4 | -4 | - | 1 | 1 | -5 | Upgrade
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| Other Non-Interest Income | 602 | 662 | 640 | 696 | 606 | 600 | Upgrade
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| Total Non-Interest Income | 1,002 | 1,078 | 1,068 | 1,123 | 1,001 | 1,010 | Upgrade
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| Non-Interest Income Growth (YoY) | -13.47% | 0.94% | -4.90% | 12.19% | -0.89% | 3.48% | Upgrade
|
| Revenues Before Loan Losses | 3,201 | 3,592 | 3,534 | 2,967 | 2,912 | 3,349 | Upgrade
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| Provision for Loan Losses | 40 | 89 | 60 | -384 | 537 | 74 | Upgrade
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| Revenue | 3,161 | 3,503 | 3,474 | 3,351 | 2,375 | 3,275 | Upgrade
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| Revenue Growth (YoY) | -15.03% | 0.83% | 3.67% | 41.09% | -27.48% | -1.62% | Upgrade
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| Salaries and Employee Benefits | 1,312 | 1,254 | 1,148 | 1,092 | 995 | 981 | Upgrade
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| Occupancy Expenses | 171 | 171 | 175 | 161 | 156 | 154 | Upgrade
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| Federal Deposit Insurance | 198 | 180 | 31 | 22 | 33 | 23 | Upgrade
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| Selling, General & Administrative | 607 | 590 | 560 | 547 | 504 | 504 | Upgrade
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| Other Non-Interest Expense | 124 | 138 | 67 | 25 | 49 | 60 | Upgrade
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| Total Non-Interest Expense | 2,412 | 2,333 | 1,981 | 1,847 | 1,737 | 1,722 | Upgrade
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| EBT Excluding Unusual Items | 749 | 1,170 | 1,493 | 1,504 | 638 | 1,553 | Upgrade
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| Legal Settlements | -26 | -26 | -17 | -14 | -17 | -15 | Upgrade
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| Pretax Income | 723 | 1,144 | 1,476 | 1,490 | 621 | 1,538 | Upgrade
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| Income Tax Expense | 162 | 263 | 325 | 322 | 124 | 336 | Upgrade
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| Net Income | 561 | 881 | 1,151 | 1,168 | 497 | 1,202 | Upgrade
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| Preferred Dividends & Other Adjustments | 26 | 27 | 29 | 28 | 15 | 7 | Upgrade
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| Net Income to Common | 535 | 854 | 1,122 | 1,140 | 482 | 1,195 | Upgrade
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| Net Income Growth | -53.17% | -23.46% | -1.46% | 135.01% | -58.65% | -2.67% | Upgrade
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| Basic Shares Outstanding | 133 | 132 | 131 | 135 | 139 | 150 | Upgrade
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| Diluted Shares Outstanding | 134 | 133 | 133 | 137 | 140 | 151 | Upgrade
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| Shares Change (YoY) | 0.56% | - | -2.92% | -2.14% | -7.28% | -11.70% | Upgrade
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| EPS (Basic) | 4.03 | 6.47 | 8.56 | 8.44 | 3.47 | 7.97 | Upgrade
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| EPS (Diluted) | 4.01 | 6.44 | 8.47 | 8.35 | 3.43 | 7.90 | Upgrade
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| EPS Growth | -54.63% | -23.97% | 1.44% | 143.44% | -56.58% | 9.72% | Upgrade
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| Dividend Per Share | 2.840 | 2.840 | 2.720 | 2.720 | 2.720 | 2.680 | Upgrade
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| Dividend Growth | 1.07% | 4.41% | 0% | 0% | 1.49% | 45.65% | Upgrade
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| Effective Tax Rate | 22.41% | 22.99% | 22.02% | 21.61% | 19.97% | 21.85% | Upgrade
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Source: S&P Capital IQ. Banks template. Financial Sources.