CMA Comerica Inc

All CMA filings Filing statistics SEC

Comerica Incorporated (“Comerica”) is a financial services company incorporated under the laws of the State of Delaware, and headquartered in Dallas, Texas. Based on total assets as reported in the most recently filed Consolidated Financial Statements for Bank Holding Companies (FR Y-9C), it was among the 25 largest commercial United States (“U.S.”) financial holding companies. Comerica was formed in 1973 to acquire the outstanding common stock of Comerica Bank, which at such time was a Michigan banking corporation and one of Michigan's oldest banks (formerly Comerica Bank-Detroit). On October 31, 2007, Comerica Bank, a Michigan banking corporation, was merged with and into Comerica Bank, a Texas banking association (“Comerica Bank”). As of December 31, 2018, Comerica owned directly or indirectly all the outstanding common stock of 2 active banking and 29 non-banking subsidiaries. At December 31, 2018, Comerica had total assets of approximately $70.8 billion, total deposits of approximately $55.6 billion, total loans (net of unearned income) of approximately $50.2 billion and shareholders’ equity of approximately $7.5 billion. Comerica has strategically aligned its operations into three major business segments: the Business Bank, the Retail Bank, and Wealth Management. In addition to the three major business segments, Finance is also reported as a segment.

Company profile

Ticker

CMA

Exchange

NYSE

Website

www.comerica.com

CEO

Curtis Chatman Farmer

Incorporated in

Delaware

Location

Texas

Fiscal year end

Dec 31

Sector

Finance > Major Banks

Industry (SEC)

National Commercial Banks

Capital One Financial • Bank of America • Us Bancorp • Truist Financial • Bank First • MUFG Americas • BOK Financial • Regions Financial • TCF Financial • Umb Financial ...

SEC CIK

0000028412

Corporate docs

Articles of Incorporation & Bylaws

IRS number

6021

CMA stock data

S&P 500

1M 1Y 2Y 5Y

Company financial data Financial data

Chart CMA financial data

Quarter (USD)	Sep 19	Jun 19	Mar 19	Dec 18
Revenue	190M	189M	184M	192M
Net income	290M	297M	337M	308M
Diluted EPS	1.96	1.94	2.11	1.88
Net profit margin	153%	157%	183%	160%
Net change in cash	536M	100M	-1.08B	-1.28B
Cash on hand	4.12B	3.58B	3.48B	4.56B

Annual (USD)	Dec 18	Dec 17	Dec 16	Dec 15
Revenue	755M
Net income	1.23B	738M	473M	515M
Diluted EPS	7.2	4.14	2.68	2.84
Net profit margin	163%
Net change in cash	-1.28B	-1.37B	1.07B	76M
Cash on hand	4.56B	5.85B	7.22B	6.15B

Financial data from Comerica earnings reports

Financial report summary

Competition

Square 1 Financial • First Foundation

Management Discussion

Total assets increased $2.0 billion to $72.8 billion, driven by increases of $1.3 billion in loans and $739 million in other assets. Total liabilities increased $2.3 billion to $65.6 billion, primarily reflecting increases of $2.8 billion in interest-bearing deposits and $848 million in medium- and long-term debt, partially offset by a $1.6 billion decrease in noninterest-bearing deposits. The increase in medium- and long-term debt reflected issuances of $350 million in long-term notes in February 2019, $500 million in medium-term notes in July 2019 and $200 million in long-term notes in August 2019, partially offset by the maturity of $350 million of medium-term notes in May 2019. The decrease in noninterest-bearing deposits included a $1.2 billion decrease due to the timing of deposits funding a government card program which typically fund on the first day of each month. The January 2019 deposit was received on December 31, 2018 due to the New Year's holiday. Total shareholders' equity decreased $307 million to $7.2 billion. The decrease in shareholders' equity reflected the impact of $1.5 billion returned to shareholders through dividends and share repurchases, partially offset by total comprehensive income of $1.2 billion in the nine months ended September 30, 2019.

Content analysis ?

Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability	H.S. freshman Bad

New words: added, AFS, attracting, Carr, cting, faster, fina, Herzog, illiquid, lized, Muneera, NaN, refle, Release, reverting, Treasurer

Removed: AB, continuation, incentive, merit, slowly, surcharge, typical, yielding

From filing 10-Q 2019 Q3