Comerica (CMA) | Financial Analysis & Statements
TL;DR: Financial Overview - Revenue, Profits & Key Metrics
Latest Quarterly: Jun 2025Income Metrics
Revenue
849.0M
Net Income
199.0M
23.44%
EPS (Diluted)
$1.42
Balance Sheet Metrics
Total Assets
77.6B
Total Liabilities
70.6B
Shareholders Equity
7.1B
Debt to Equity
10.01
Cash Flow Metrics
Operating Cash Flow
425.0M
Free Cash Flow
266.0M
Revenue & Profitability Trend
Comerica Income Statement From 2020 to 2024
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Revenue | 3.2B | 3.6B | 3.5B | 3.0B | 2.9B |
| Cost of Goods Sold | - | - | - | - | - |
| Gross Profit | - | - | - | - | - |
| Gross Margin % | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Operating Expenses | |||||
| Research & Development | - | - | - | - | - |
| Selling, General & Administrative | 1.5B | 1.4B | 1.3B | 1.2B | 1.1B |
| Other Operating Expenses | - | - | - | - | - |
| Total Operating Expenses | 1.5B | 1.4B | 1.3B | 1.2B | 1.1B |
| Operating Income | - | - | - | - | - |
| Operating Margin % | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Non-Operating Items | |||||
| Interest Income | - | - | - | - | - |
| Interest Expense | - | - | - | - | - |
| Other Non-Operating Income | - | - | - | - | - |
| Pre-tax Income | 888.0M | 1.1B | 1.5B | 1.5B | 621.0M |
| Income Tax | 190.0M | 263.0M | 325.0M | 322.0M | 124.0M |
| Effective Tax Rate % | 21.4% | 23.0% | 22.0% | 21.6% | 20.0% |
| Net Income | 698.0M | 881.0M | 1.2B | 1.2B | 497.0M |
| Net Margin % | 21.5% | 24.5% | 32.6% | 39.4% | 17.1% |
| Key Metrics | |||||
| EBITDA | - | - | - | - | - |
| EPS (Basic) | $5.06 | $6.47 | $8.56 | $8.45 | $3.29 |
| EPS (Diluted) | $5.02 | $6.44 | $8.47 | $8.35 | $3.27 |
| Basic Shares Outstanding | 132608696 | 132000000 | 131074766 | 134911243 | 139513678 |
| Diluted Shares Outstanding | 132608696 | 132000000 | 131074766 | 134911243 | 139513678 |
Income Statement Trend
Comerica Balance Sheet From 2020 to 2024
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Assets | |||||
| Current Assets | |||||
| Cash & Equivalents | 6.8B | 9.5B | 6.3B | 22.7B | 15.8B |
| Short-term Investments | 7.4B | 1.2B | 19.2B | 17.2B | 15.2B |
| Accounts Receivable | - | - | - | - | - |
| Inventory | - | - | - | - | - |
| Other Current Assets | - | - | - | - | - |
| Total Current Assets | - | - | - | - | - |
| Non-Current Assets | |||||
| Property, Plant & Equipment | - | - | - | - | - |
| Goodwill | - | - | 1.3B | 1.3B | 1.3B |
| Intangible Assets | - | - | - | - | 1.0M |
| Long-term Investments | - | - | - | - | - |
| Other Non-Current Assets | - | - | - | - | - |
| Total Non-Current Assets | - | - | - | - | - |
| Total Assets | 79.3B | - | - | - | - |
| Liabilities | |||||
| Current Liabilities | |||||
| Accounts Payable | - | - | - | - | - |
| Short-term Debt | 0 | 4.6B | 4.1B | 877.0M | 905.0M |
| Current Portion of Long-term Debt | - | - | - | - | - |
| Other Current Liabilities | - | - | - | - | - |
| Total Current Liabilities | - | - | - | - | - |
| Non-Current Liabilities | |||||
| Long-term Debt | 6.7B | 5.2B | 2.2B | 1.9B | 4.8B |
| Deferred Tax Liabilities | - | - | - | - | - |
| Other Non-Current Liabilities | - | - | - | - | - |
| Total Non-Current Liabilities | - | - | - | - | - |
| Total Liabilities | 72.8B | - | - | - | - |
| Equity | |||||
| Common Stock | 1.1B | 1.1B | 1.1B | 1.1B | 1.1B |
| Retained Earnings | 12.0B | 11.7B | 11.3B | 10.5B | 9.7B |
| Treasury Stock | 6.1B | 6.0B | 6.1B | 6.1B | 5.5B |
| Other Equity | - | - | - | - | - |
| Total Shareholders Equity | 6.5B | 6.4B | 5.2B | 7.9B | 8.0B |
| Key Metrics | |||||
| Total Debt | 6.7B | 9.8B | 6.2B | 2.8B | 5.7B |
| Working Capital | 0 | 0 | 0 | 0 | 0 |
Balance Sheet Composition
Comerica Cash Flow Statement From 2020 to 2024
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Net Income | 698.0M | 881.0M | 1.2B | 1.2B | 497.0M |
| Depreciation & Amortization | 96.0M | 87.0M | 92.0M | 99.0M | 108.0M |
| Stock-Based Compensation | 54.0M | 52.0M | 60.0M | 41.0M | 24.0M |
| Working Capital Changes | -100.0M | -70.0M | -766.0M | -456.0M | -86.0M |
| Operating Cash Flow | 730.0M | 822.0M | 508.0M | 931.0M | 460.0M |
| Investing Activities | |||||
| Capital Expenditures | -153.0M | -153.0M | -82.0M | -70.0M | -79.0M |
| Acquisitions | - | - | - | - | - |
| Investment Purchases | -1.3B | 0 | -7.5B | -7.9B | -5.8B |
| Investment Sales | 3.0B | 2.5B | 2.5B | 5.5B | 3.4B |
| Investing Cash Flow | 1.7B | 2.2B | -5.1B | -2.3B | -2.5B |
| Financing Activities | |||||
| Share Repurchases | -100.0M | -17.0M | -43.0M | -729.0M | -199.0M |
| Dividends Paid | -400.0M | -394.0M | -376.0M | -392.0M | -383.0M |
| Debt Issuance | 1.0B | 4.0B | 500.0M | 0 | 0 |
| Debt Repayment | -500.0M | -850.0M | 0 | -2.8B | -1.7B |
| Financing Cash Flow | -3.6B | 3.1B | 3.3B | -3.9B | -1.9B |
| Free Cash Flow | 448.0M | 1.1B | 556.0M | 564.0M | 849.0M |
| Net Change in Cash | -1.1B | 6.2B | -1.3B | -5.3B | -3.9B |
Cash Flow Trend
Comerica Key Financial Ratios
Valuation Ratios
P/E Ratio (TTM)
13.65
Forward P/E
12.97
Price to Book
1.34
Price to Sales
2.84
PEG Ratio
-2.92
Profitability Ratios
Profit Margin
22.55%
Operating Margin
31.68%
Return on Equity
11.14%
Return on Assets
0.92%
Financial Health
Debt to Equity
1.33
Beta
0.96
Per Share Data
EPS (TTM)
$5.21
Book Value per Share
$52.90
Revenue per Share
$24.36
Peer Financial Comparison
| Company | Market Cap | P/E Ratio | P/B Ratio | ROE | Profit Margin | Debt/Equity |
|---|---|---|---|---|---|---|
| cma | 9.1B | 13.65 | 1.34 | 11.14% | 22.55% | 1.33 |
| U.S. Bancorp | 76.0B | 11.68 | 1.39 | 11.67% | 27.00% | 1.34 |
| Nu Holdings | 70.7B | 31.15 | 7.39 | 27.88% | 39.32% | 0.36 |
| Western Alliance | 9.9B | 11.75 | 1.43 | 12.42% | 27.12% | 0.93 |
| UMB Financial | 9.3B | 13.91 | 1.36 | 10.05% | 27.11% | 0.51 |
| Wintrust Financial | 9.2B | 13.03 | 1.44 | 11.60% | 29.83% | 0.62 |
Financial data is updated regularly. All figures are in the company's reporting currency.