NYSE$CMA

Comerica Inc · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Generated strong financial results driven by deposit growth, loan portfolio performance, credit quality, and fee generation.

Comerica Incorporated reported a net income of $228 million, or $1.66 per share, for the fourth quarter of 2021. The results reflect robust deposit growth, positive trends in the loan portfolio, strong credit quality, and active capital management.

  • Average deposits grew 19 percent, supporting solid loan performance.
  • Noninterest income growth was broad-based, increasing 12 percent to an all-time high.
  • Credit quality was excellent, and credit reserves were released.
  • Returned $1.1 billion to common shareholders through dividends and repurchases.

Headline financials

Total Revenue

$750M

Previous: $734M+2.2%
EPS (adj)

$1.66

Previous: $1.49+11.4%
Efficiency Ratio

64.6%

Previous: 64.3%+0.5%
Net Interest Margin

2.0%

Previous: 2.4%-13.6%
CET1 Capital Ratio

10.2%

Previous: 10.3%-1.9%
Common Equity Ratio

7.9%

No prior period
Net Income

$228M

Previous: $215M+6.0%
Operating Income

$289M

Previous: $278M+4.0%
Gross Profit

$750M

Previous: $734M+2.2%
Cash & Equivalents

$22.7B

Previous: $1.03B+2099.7%
Total Assets

$94.6B

Previous: $88.1B+7.4%
Stock-Based Comp

$5M

Previous: $6M-16.7%

Revenue & EPS history

Comerica · Revenue · Quarterly

$750M

Q4 2021+2.2%vs Q4 2020
Beat estimate in 13 of 16 quarters(81%)
ActualEstimate

Forward guidance

The company remains keenly focused on driving growth while maintaining expense discipline and investing in its businesses. Customers and colleagues have successfully navigated the challenges of the past two years and stand stronger and more confident about the future.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 15 quarterly earnings reports

Historical avg

-0.3%

Avg return

Earnings day

-1.9%

Avg return

5 days after

+0.0%

Avg return

30 days after

52%

36 / 69 earnings

Positive

+7.7%

Q3 2016

Best reaction

-12.9%

Q3 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026
Q4 2025+2.0%+3.3%
Q3 2025+1.4%+3.7%+6.0%
Q2 2025+4.6%+6.7%+8.8%
Q1 2025-4.4%+0.3%+5.6%
Q4 2024-5.6%-5.3%-1.3%
Q3 2024-1.0%-1.0%+10.1%
Q2 2024-9.3%-8.9%-0.1%
Q1 2024+3.5%+5.7%+9.4%
Q4 2023+2.6%+0.3%-8.8%
Q3 2023-7.8%-7.8%+8.9%
Q2 2023-2.1%+1.0%-10.8%
Q1 2023-7.1%-13.5%-18.6%
Q4 2022+4.8%+7.9%+10.5%
Q3 2022-12.9%-9.5%-6.2%
Q2 2022+1.9%+1.5%+9.2%
Q1 2022-8.1%-6.9%-18.9%
Q4 2021-6.0%-9.0%-3.7%
Q3 2021+3.1%
Q2 2021+2.2%
Q1 2021-0.3%
Q4 2020-1.0%
Q3 2020+2.9%
Q2 2020+5.0%
Q1 2020+2.8%
Q4 2019-3.4%
Q3 2019-3.6%
Q2 2019-3.4%
Q1 2019+0.4%
Q4 2018+7.6%
Q3 2018+1.9%
Q2 2018+3.4%
Q1 2018-2.9%
Q4 2017+1.8%
Q3 2017+1.6%
Q2 2017-2.7%
Q1 2017+1.6%
Q4 2016-4.1%
Q3 2016+7.7%
Q2 2016+3.4%
Q1 2016+6.0%
Q4 2015-5.7%
Q3 2015-1.8%
Q2 2015-4.7%
Q1 2015-1.0%
Q4 2014-1.3%
Q3 2014-1.4%
Q2 2014+0.7%
Q1 2014-0.0%
Q4 2013+4.4%
Q3 2013+3.0%
Q2 2013-1.2%
Q1 2013+0.8%
Q4 2012+5.1%
Q4 2011+2.0%
Q3 2012-4.5%
Q2 2012+2.6%
Q1 2012+1.4%
Q3 2011-0.1%
Q2 2011-2.4%
Q1 2010+0.2%
Q1 2011+0.5%
Q1 2009-1.9%
Q4 2010-1.9%
Q4 2009-1.9%
Q4 2008-1.9%
Q3 2010+0.5%
Q3 2009+0.5%
Q2 2010+1.6%
Q2 2009+1.6%

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