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Comerica Inc. (CMA)
NYSE:CMA
Earnings Data
Report Date
Apr 18, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
1.17Last Year’s EPS
0.98Same Quarter Last Year
Based on 18 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Jan 22, 2025
|% Change Since: 0.95%
|Next Earnings Date:Apr 18, 2025
Earnings Call Sentiment|Neutral
Comerica's earnings call highlighted strong capital management, improved customer deposits, and strategic investments. However, challenges in loan growth, particularly in commercial real estate, and increased noninterest expenses were notable concerns. The overall sentiment is balanced with a positive outlook for 2025, tempered by current hurdles.Company Guidance
During the Comerica Q4 2024 earnings call, the executives provided guidance reflecting a positive outlook for 2025. They projected full-year average loans to remain flat or increase by 1%, excluding the impact of anticipated commercial real estate paydowns, which could result in a 2% growth. Net interest income is expected to rise by 6% to 7% with the benefit of BSBY cessation and a more efficient funding mix. Noninterest income is anticipated to grow by 4%, driven by a 2% increase in customer-related income, while expenses are projected to rise by 3%, with a priority on maintaining expense discipline. The company also plans to continue reducing brokered time deposits, which could lead to a 2% to 3% decline in average deposits but expects customer deposits, excluding brokered CDs, to grow by 1%. Additionally, Comerica intends to manage its CET1 capital ratio well above its 10% strategic target, planning around 11% for 2025, while considering various factors like loan growth and the forward curve in capital decisions. These metrics and the strategic focus on efficiency and customer-related growth highlight their preparation for favorable trends in 2025.Capital Management and Share Repurchases
Comerica increased its CET1 capital ratio by 80 basis points and resumed share repurchases, returning $100 million in capital in Q4 2024.
Improvement in Customer Deposits
Excluding brokered CDs, customer deposits grew over $800 million or over 1% in Q4, with period-end deposits increasing by $700 million.
Strategic Investments and Technological Advancement
Comerica is advancing strategic priorities, including investing in relationship managers, financial advisers, and technology, with plans to have almost all applications in the cloud or on a SaaS platform by year-end 2025.
Strong Credit Quality
Credit quality remained a strength with net charge-offs at 13 basis points, reflecting disciplined underwriting and historically low levels.
Positive Outlook for 2025
Comerica projects 2% average loan growth excluding commercial real estate, 6% to 7% increase in net interest income, and 4% increase in noninterest income for 2025.
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CMA Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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CMA Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Jan 22, 2025 | $66.38 | $62.69 | -5.56% |
| Oct 18, 2024 | $61.97 | $64.25 | +3.68% |
| Jul 19, 2024 | $55.03 | $49.26 | -10.49% |
| Apr 18, 2024 | $47.95 | $48.76 | +1.69% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Comerica Inc. (CMA) report earnings?
Comerica Inc. (CMA) is schdueled to report earning on Apr 18, 2025, TBA Not Confirmed.
What is Comerica Inc. (CMA) earnings time?
Comerica Inc. (CMA) earnings time is at Apr 18, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CMA EPS forecast?
CMA EPS forecast for the fiscal quarter 2025 (Q1) is 1.17.
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