NYSE$CMA

Comerica Inc · Q4 2024 earnings

Q4 2024 earnings · · Before market open · Investor relations

Briefing

Reported a net income of $170 million and EPS of $1.22, driven by favorable deposit trends and strategic expense management.

Comerica Incorporated reported a Q4 2024 net income of $170 million, or $1.22 per share. The results reflect improved capital and liquidity positions, driven by customer deposit trends and expense discipline, despite muted loan demand.

  • Net income for Q4 2024 was $170 million, or $1.22 per share.
  • Customer deposits improved, enabling a reduction in wholesale funding and benefiting net interest income.
  • Expense calibration efforts drove efficiency and created capacity for strategic investments.
  • Credit quality remained strong with low net charge-offs.

Headline financials

Total Revenue

$825M

Previous: $782M+5.5%
EPS (adj)

$1.20

Previous: $1.46-17.8%
Efficiency Ratio

69.5%

Previous: 91.9%-24.3%
Net Interest Margin

3.1%

Previous: 2.9%+5.2%
CET1 Capital Ratio

11.9%

Previous: 11.1%+7.2%
Capital Expenditures

-$35M

No prior period
Net Income

$170M

Previous: $33M+415.2%
Operating Income

$217M

Previous: $52M+317.3%

Revenue & EPS history

Comerica · Revenue · Quarterly

$825M

Q4 2024+5.5%vs Q4 2023
Beat estimate in 9 of 16 quarters(56%)
ActualEstimate

Forward guidance

Comerica plans to target share repurchases of approximately $50 million in the first quarter of 2025.

Historical earnings impact

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

Avg. return before/after earnings

Based on 15 quarterly earnings reports · overlaid with Q4 2024

Historical avgQ4 2024

-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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