Overview
Comerica
Comerica is the holding company for Comerica Bank, which operates primarily in five US states (Texas, California, Michigan, Arizona, and Florida), Canada, and Mexico. The company is organized into three main business segments: The Commercial Bank offers commercial loans and lines of credit, deposits, and capital markets products, among others, to small- and middle-market businesses, multinational corporations, and government clients. The Retail Bank
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Read More serves consumers, while the Wealth Management provides fiduciary services, investment management and advisory, and retirement services, among others. Comerica categorizes its securities portfolio and asset and liability management under an additional Finance segment. The company boasts total assets of approximately $85.8 billion, total deposits of approximately $66.8 billion, total loans of approximately $52.1 billion, and shareholders' equity of approximately $6.4 billion.
Read Less
Read More serves consumers, while the Wealth Management provides fiduciary services, investment management and advisory, and retirement services, among others. Comerica categorizes its securities portfolio and asset and liability management under an additional Finance segment. The company boasts total assets of approximately $85.8 billion, total deposits of approximately $66.8 billion, total loans of approximately $52.1 billion, and shareholders' equity of approximately $6.4 billion.
Read Less
#
627
Fortune 1000 Revenue Rank
Curtis C Farmer
See more contacts
Depository Credit Intermediation
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Other Financial Investment Activities
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Nondepository Credit Intermediation
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Activities Related to Credit Intermediation
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National commercial banks
See All Industries , State commercial banks , Nondeposit trust facilities , Foreign trade and international banks , Automated teller machine (ATM) network Personal credit institutions
See Fewer Industries
See All Industries , State commercial banks , Nondeposit trust facilities , Foreign trade and international banks , Automated teller machine (ATM) network Personal credit institutions
See Fewer Industries
Activities Related to Credit Intermediation
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Agencies, Brokerages, and Other Insurance Related Activities
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Insurance Carriers
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Insurance and Employee Benefit Funds
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Monetary Authorities-Central Bank
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Nondepository Credit Intermediation
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Other Financial Investment Activities
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Other Investment Pools and Funds
View more , Securities and Commodity Contracts Intermediation and Brokerage Securities and Commodity Exchanges
View fewer
View more , Securities and Commodity Contracts Intermediation and Brokerage Securities and Commodity Exchanges
View fewer
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Actual
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Actual
$4.99 billion
Actual
-9.69%
-20.77%
$79,297
DEC
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NYSE:CMA
Contacts
Get in Touch with 7 Principals* and 789 Contacts
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Curtis C FarmerChairman of the Board and President and Chief Executive Officer
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Contact 2?
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Contact 3?
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Contact 4?
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Financial Statements
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Financial data as of December 31, 2024 (12 month period) in USD
Annual Revenue 2024
$4.99 billion
USD
Actual
All financial statement data is in millions except per share data | Source: Morningstar
| Cash Flow (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Net Operating Cash | $601 | $1,251 | $638 |
| Net Investing Cash | $3,261 | $3,494 | -$9,952 |
| Net Financing Cash | -$6,560 | -$1,525 | -$7,083 |
| Net Change in Cash | -$2,698 | $3,220 | -$16,397 |
| Cash at Beginning of Period | $9,502 | $6,282 | $22,679 |
| Cash at End of Period | $6,804 | $9,502 | $6,282 |
| Capital Expenditure | -$153 | -$153 | -$82 |
| Assets (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Current Assets | |||
| Cash and Cash Equivalents | $6,804 | $9,502 | $6,282 |
| Accounts Receivable | $ | $ | $ |
| Inventories | $ | $ | $ |
| Other Current Assets | $ | $ | $ |
| Asset Summary | |||
| Total Current Assets | $ | $ | $ |
| Tangible Fixed Assets | $473 | $445 | $400 |
| Intangible Assets | $ | $ | $ |
| Total Assets | $79,297 | $85,834 | $85,406 |
| Liabilities (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Current Liabilities | |||
| Accounts Payable | $ | $ | $ |
| Short-Term Debt | $ | $3,565 | $4,052 |
| Other Current Liabilities | $ | $ | $ |
| Liability Summary | |||
| Total Current Liabilities | $ | $ | $ |
| Long-Term Debt | $6,673 | $6,206 | $2,183 |
| Other Long-Term Liabilities | $ | $ | $ |
| Total Liabilities | $72,754 | $79,428 | $80,225 |
| Stakeholder's Equity (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Equity | |||
| Common Stock | $1,141 | $1,141 | $1,141 |
| Retained Earnings | $12,017 | $11,727 | $11,258 |
| Equity Summary | |||
| Total Equity | $6,543 | $6,406 | $5,181 |
| Shares Outstanding | 131,409,456 | 131,898,256 | 130,966,862 |