Comerica's Second Quarter 2025 Financial Results

Comerica Incorporated, a financial services company headquartered in Dallas, Texas, has released its second quarter 2025 financial results. The company, which operates through three major business segments—Commercial Bank, Retail Bank, and Wealth Management—reported a notable increase in net income and other key financial metrics.

Financial Highlights

For the second quarter of 2025, Comerica reported a net income of $199 million, translating to $1.42 per diluted share. This represents a 16% increase over the previous quarter's net income of $172 million. The company's net interest income remained stable at $575 million, while the net interest margin slightly decreased to 3.16% from 3.18% in the first quarter of 2025. Noninterest income saw a growth of $20 million, reaching $274 million, driven by increases in capital markets income and fiduciary income.

Business and Operational Highlights

Comerica experienced broad-based loan growth, with average loans increasing by $451 million to $50.7 billion. This growth was primarily driven by increases in Corporate Banking, Wealth Management, and Environmental Services. However, deposits decreased by $653 million to $61.2 billion, with both noninterest-bearing and interest-bearing deposits seeing declines.

Noninterest expenses decreased by $23 million to $561 million, contributing to higher profitability. The company also reported a decrease in nonperforming assets by $52 million to $249 million, reflecting improved credit quality.

Strategic Initiatives and Corporate Developments

Comerica returned a total of $193 million to common shareholders through share repurchases and dividends. The company declared dividends of $93 million on common stock and repurchased $100 million of common stock. Additionally, Comerica delivered a notice of redemption for its Series A Preferred Stock, resulting in a $400 million reclassification from shareholders' equity to other liabilities.

Management's Perspective

Curtis C. Farmer, Comerica's Chairman and Chief Executive Officer, commented on the results, stating, "Improved customer sentiment contributed to broad-based loan growth, offsetting modest deposit pressures and keeping net interest income flat to the first quarter and in line with guidance. Noninterest income growth drove higher revenue, and when coupled with lower noninterest expenses, contributed to an increase in PPNR. Credit quality remained a strength with migration in line with expectations and net charge-offs at the low end of our normal range."

Future Outlook

Looking ahead, Comerica plans to continue its share repurchase program, targeting approximately $100 million in the third quarter of 2025. The company remains focused on maintaining strong capital ratios and supporting its customers through a dynamic economic environment.

SEC Filing: COMERICA INC /NEW/ [ CMA ] - 8-K - Jul. 18, 2025