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CMA — Comerica News Story

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Comerica Q4 net income rises to $176 mln

Overview

Bank's Q4 net income rose to $176 mln, up from $170 mln in prior year

Adjusted EPS for Q4 increased to $1.46, excluding merger-related expenses

Net interest income for Q4 rose slightly to $577 mln

Outlook

Comerica did not provide specific guidance for future quarters or the full year

Result Drivers

NET INTEREST INCOME - Comerica's Q4 net interest income rose slightly to $577 mln, reflecting stable interest margins

ADJUSTED EPS INCREASE - Adjusted EPS for Q4 increased to $1.46, excluding merger-related expenses, indicating operational efficiency

STRONG CAPITAL POSITION - CET1 capital ratio increased to 12.02%, indicating a solid capital position

Key Details

MetricBeat/MissActualConsensus Estimate
Q4 Adjusted EPS$1.46
Q4 EPS$1.27
Q4 Net Income$176 mln
Q4 Net Interest Income$577 mln
Q4 CET1 Capital Ratio12.02%
Analyst Coverage The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "strong buy" or "buy", 15 "hold" and 1 "sell" or "strong sell" The average consensus recommendation for the banks peer group is "buy." Wall Street's median 12-month price target for Comerica Inc is $86.00, about 6.1% below its January 16 closing price of $91.60 The stock recently traded at 17 times the next 12-month earnings vs. a P/E of 12 three months ago For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com. (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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