Comerica Reports $172 Million Net Income

By Bobby Samwell • Monday, April 21 15:16 • Permanent Link

Comerica, a financial services company, reported a net income of $172 million, or $1.25 per share for the first quarter of 2025. This represents an increase from the previous quarter's net income of $170 million, or $1.22 per share, and a substantial improvement from the first quarter of 2024 when the net income was $138 million, or $0.98 per share.

The average loans decreased to $50.2 billion in the first quarter of 2025, down from $50.6 billion in the previous quarter and $51.4 billion in the first quarter of 2024.

The average deposits also saw a decline, dropping to $61.9 billion in the first quarter of 2025 from $63.3 billion in the previous quarter and $65.3 billion in the first quarter of 2024.

Return on average assets (ROA) improved to 0.90% in the first quarter of 2025, compared to 0.85% in the previous quarter and 0.66% in the first quarter of 2024. Return on average common shareholders' equity (ROE) also showed an upward trend, reaching 10.60% in the first quarter of 2025, up from 10.27% in the previous quarter and 9.33% in the first quarter of 2024.

The net interest margin increased to 3.18% in the first quarter of 2025, compared to 3.06% in the previous quarter and 2.80% in the first quarter of 2024.

Comerica reported a stable net interest income of $575 million for the first quarter of 2025, compared to the same figure in the previous quarter and an improvement from $548 million in the first quarter of 2024.

The provision for credit losses decreased to $20 million in the first quarter of 2025, down from $21 million in the previous quarter and $14 million in the first quarter of 2024.

As a result of these announcements, the company's shares have moved -5.1% on the market, and are now trading at a price of $50.23. For the full picture, make sure to review Comerica's 8-K report.

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