CMA · As filed with the SEC

Comerica income statement, by fiscal year

The statement as Comerica presents it in its 10-Q and 10-K: its own lines, labels and order. Tables over time lines up standardized figures across every filing.

Consolidated Statements Of Income · USD millions, except per-share amounts

USD millions, except per-share amounts	FY2024 Year ended Dec 31, 2024	FY2023 Year ended Dec 31, 2023	FY2022 Year ended Dec 31, 2022	FY2021 Year ended Dec 31, 2021
INTEREST INCOME
Interest and fees on loans	3,204	3,340	2,153	1,594
Interest on investment securities	402	430	414	280
Interest on short-term investments	333	405	105	27
Total interest income	3,939	4,175	2,672	1,901
INTEREST EXPENSE
Interest on deposits	1,238	892	102	22
Interest on short-term borrowings	48	391	17	0
Interest on medium- and long-term debt	463	378	87	35
Total interest expense	—	1,661	206	57
Total interest expense	1,749	—	—	—
Net interest income	2,190	2,514	2,466	1,844
Provision for credit losses	49	89	60	(384)
Net interest income after provision for credit losses	2,141	2,425	2,406	2,228
NONINTEREST INCOME
Card fees	256	280	273	298
Fiduciary income	220	235	233	231
Service charges on deposit accounts	184	185	195	195
Capital markets income	142	—	109	99
Commercial lending fees	68	72	109	104
Foreign Currency Transaction Gain, before Tax	—	147	—	—
Brokerage fees	51	30	21	14
Bank-owned life insurance	44	46	47	43
Letter of credit fees	40	42	38	40
Risk management hedging (loss) income	8	(42)	—	—
Net securities losses	(19)	0	—	0
Other noninterest income	60	83	43	99
Total noninterest income	1,054	1,078	1,068	1,123
NONINTEREST EXPENSES
Salaries and benefits expense	1,352	1,306	1,208	1,133
Outside processing fee expense	273	277	251	266
Occupancy expense	181	171	175	161
Software expense	181	171	161	155
FDIC insurance expense	76	180	31	22
Equipment expense	52	50	50	50
Advertising expense	41	40	38	35
Other noninterest expenses	151	164	84	39
Total noninterest expenses	2,307	2,359	1,998	1,861
Income before income taxes	—	—	—	1,490
Income before income taxes	888	1,144	1,476	—
Provision for income taxes	190	263	325	322
Net Income	698	881	1,151	1,168
Less income allocated to participating securities	4	4	6	5
Preferred stock dividends	23	23	23	23
Net income attributable to common shares	671	854	1,122	1,140
Basic earnings per common share	5.06	6.47	8.56	8.45
Diluted earnings per common share	5.02	6.44	8.47	8.35
Cash dividends declared on common stock	376	375	356	365
Cash dividends declared per common share	2.84	2.84	2.72	2.72

As filed on EDGAR · Not affiliated with the U.S. SEC · Not investment advice. Each column links to its filing.