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	FY2020 Year ended Dec 31, 2020	FY2019 Year ended Dec 31, 2019	FY2018 Year ended Dec 31, 2018	FY2017 Year ended Dec 31, 2017
INTEREST INCOME
Interest and fees on loans	3,204	3,340	2,153	1,594	1,773	2,439	2,262	1,872
Interest on investment securities	402	430	414	280	291	297	265	250
Interest on short-term investments	333	405	105	27	29	71	92	60
Total interest income	3,939	4,175	2,672	1,901	2,093	2,807	2,619	2,182
INTEREST EXPENSE
Interest on deposits	1,238	892	102	22	101	262	122	42
Interest on short-term borrowings	48	391	17	0	1	9	1	3
Interest on medium- and long-term debt	463	378	87	35	80	197	144	76
Total interest expense	—	1,661	206	57	182	468	267	121
Total interest expense	1,749	—	—	—	—	—	—	—
Net interest income	2,190	2,514	2,466	1,844	1,911	2,339	2,352	2,061
Provision for credit losses	49	89	60	(384)	537	74	(1)	74
Net interest income after provision for credit losses	2,141	2,425	2,406	2,228	1,374	2,265	2,353	1,987
NONINTEREST INCOME
Card fees	256	280	273	298	270	257	244	333
Fiduciary income	220	235	233	231	209	206	206	198
Service charges on deposit accounts	184	185	195	195	185	203	211	227
Capital markets income	142	—	109	99	40	—	—	—
Commercial lending fees	68	72	109	104	77	91	85	85
Foreign exchange income	—	—	—	—	—	44	47	45
Foreign Currency Transaction Gain, before Tax	—	147	—	—	—	—	—	—
Brokerage fees	51	30	21	14	21	28	27	23
Bank-owned life insurance	44	46	47	43	44	41	39	43
Letter of credit fees	40	42	38	40	37	38	40	45
Risk management hedging (loss) income	8	(42)	—	—	—	—	—	—
Net securities losses	(19)	0	—	0	0	(7)	(19)	0
Other noninterest income	60	83	43	99	118	109	96	108
Total noninterest income	1,054	1,078	1,068	1,123	1,001	1,010	976	1,107
NONINTEREST EXPENSES
Salaries and benefits expense	1,352	1,306	1,208	1,133	1,019	1,020	1,009	961
Outside processing fee expense	273	277	251	266	242	264	255	366
Occupancy expense	181	171	175	161	156	154	152	154
Software expense	181	171	161	155	154	117	125	126
FDIC insurance expense	76	180	31	22	33	23	42	51
Restructuring charges	—	—	—	—	0	0	53	45
Equipment expense	52	50	50	50	49	50	48	45
Advertising expense	41	40	38	35	35	34	30	28
Other noninterest expenses	151	164	84	39	96	81	80	84
Total noninterest expenses	2,307	2,359	1,998	1,861	1,784	1,743	1,794	1,860
Income before income taxes	—	—	—	1,490	—	—	—	—
Income before income taxes	888	1,144	1,476	—	591	1,532	1,535	1,234
Provision for income taxes	190	263	325	322	117	334	300	491
Net Income	698	881	1,151	1,168	474	1,198	1,235	743
Less income allocated to participating securities	4	4	6	5	2	7	8	5
Preferred stock dividends	23	23	23	23	13	—	—	—
Net income attributable to common shares	671	854	1,122	1,140	459	1,191	1,227	738
Basic earnings per common share	5.06	6.47	8.56	8.45	3.29	7.95	7.31	4.23
Diluted earnings per common share	5.02	6.44	8.47	8.35	3.27	7.87	7.20	4.14
Cash dividends declared on common stock	376	375	356	365	378	398	309	193
Cash dividends declared per common share	2.84	2.84	2.72	2.72	2.72	2.68	1.84	1.09

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