Comerica Inc

Chart & Performance

D1W1MN

P/E

9.32

P/S

2.29

EPS

6.70

Div Yield, %

4.80%

Shrs. gr., 5y

-4.90%

Rev. gr., 5y

1.54%

Revenues

3.59b

+1.64%

Net income

881m

-23.46%

CFO

1.25b

+96.08%

Dividend

Sep 13, 20240.71 USD/sh

Earnings

Jan 22, 2025

Profile

Comerica Incorporated, through its subsidiaries, provides various financial products and services. It operates through Commercial Bank, Retail Bank, Wealth Management, and Finance segments. The Commercial Bank segment offers various products and services, including commercial loans and lines of credit, deposits, cash management, capital market products, international trade finance, letters of credit, foreign exchange management services, and loan syndication services for small and middle market businesses, multinational corporations, and governmental entities. The Retail Bank segment provides personal financial services, such as consumer lending, consumer deposit gathering, and mortgage loan origination. This segment also offers various consumer products that include deposit accounts, installment loans, credit cards, student loans, home equity lines of credit, and residential mortgage loans, as well as commercial products and services to micro-businesses. The Wealth Management segment provides products and services comprising fiduciary, private banking, retirement, investment management and advisory, and investment banking and brokerage services. This segment also sells annuity products, as well as life, disability, and long-term care insurance products. The Finance segment engages in the securities portfolio, and asset and liability management activities. It operates in Texas, California, Michigan, Arizona, Florida, Canada, and Mexico. The company was formerly known as DETROITBANK Corporation and changed its name to Comerica Incorporated in July 1982. Comerica Incorporated was founded in 1849 and is headquartered in Dallas, Texas.

URL

https://www.comerica.com/

IPO date

Mar 17, 1980

Employees

7,280

Domiciled in

Incorporated in

Valuation

Order:

Title USD in thousands, except ratios and share amounts	FY	FY	FY	FY	FY	FY	FY	FY	FY	FY
Title USD in thousands, except ratios and share amounts	2023‑12	2022‑12	2021‑12	2020‑12	2019‑12	2018‑12	2017‑12	2016‑12	2015‑12	2014‑12
Income
Revenues	3,592,000 1.64%	3,534,000 19.11%	2,967,000 1.89%
Cost of revenue	(286,000)	1,277,000	1,190,000
Unusual Expense (Income)
NOPBT	3,878,000	2,257,000	1,777,000
NOPBT Margin	107.96%	63.87%	59.89%
Operating Taxes	263,000	325,000	322,000
Tax Rate	6.78%	14.40%	18.12%
NOPAT	3,615,000	1,932,000	1,455,000
Net income	881,000 -23.46%	1,151,000 -1.46%	1,168,000 135.01%
Dividends	(394,000)	(376,000)	(392,000)
Dividend yield	5.31%	4.23%	3.29%
Proceeds from repurchase of equity	1,000	(15,000)	(695,000)
BB yield	-0.01%	0.17%	5.83%
Debt
Debt current	3,565,000	3,211,000	877,000
Long-term debt	6,524,000	3,367,000	3,092,000
Deferred revenue		28,000	29,000
Other long-term liabilities	41,673,000	73,990,000	(2,796,000)
Net debt	(16,681,000)	(38,042,000)	(53,076,000)
Cash flow
Cash from operating activities	1,251,000	638,000	634,000
CAPEX	(153,000)	(82,000)	(70,000)
Cash from investing activities	3,494,000	(9,952,000)	1,723,000
Cash from financing activities	(1,525,000)	(7,083,000)	4,555,000
FCF	2,109,000	2,399,000	1,171,000
Balance
Cash	9,502,000	25,451,000	39,862,000
Long term investments	17,268,000	19,169,000	17,183,000
Excess cash	26,590,400	44,443,300	56,896,650
Stockholders' equity	10,214,000	9,051,000	11,817,000
Invested Capital	72,693,000	76,383,000	80,032,000
ROIC	4.85%	2.47%	1.93%
ROCE	4.68%	2.64%	1.88%
EV
Common stock shares outstanding	133,000	133,000	137,000
Price	55.81 -16.51%	66.85 -23.16%	87.00 55.75%
Market cap	7,422,730 -16.51%	8,891,050 -25.40%	11,919,000 52.41%
EV	(8,864,270)	(28,756,950)	(40,763,000)
EBITDA	3,965,000	2,349,000	1,876,000
EV/EBITDA
Interest	1,661,000	206,000	57,000
Interest/NOPBT	42.83%	9.13%	3.21%