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Comerica (CMA) investor relations material
Comerica Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Net income for Q4 2025 was $176 million, flat sequentially and up from $170 million in Q4 2024.
Diluted EPS for Q4 2025 was $1.27, down from $1.35 in Q3 2025 but up from $1.22 in Q4 2024.
Excluding merger-related expenses, Q4 2025 net income was $201 million and EPS was $1.46.
Full-year 2025 net income was $723 million, up from $698 million in 2024.
Financial highlights
Net interest income for Q4 2025 was $577 million, stable compared to Q3 2025 and Q4 2024.
Net interest margin for Q4 2025 was 3.07%, slightly down from 3.09% in Q3 2025 but up from 2.88% in Q4 2024.
Return on average common equity for Q4 2025 was 9.15%, down from 10.20% in Q3 2025 and 10.27% in Q4 2024.
Efficiency ratio for Q4 2025 was 72.30%, up from 70.23% in Q3 2025.
Cash dividends declared per share remained $0.71 for the quarter.
Outlook and guidance
The pending merger with Fifth Third Bancorp is expected to close in Q1 2026, following shareholder approval in January 2026.
- Q2 net income rose to $206M, CET1 reached 11.55%, but future deposit risk remains.CMA
Q2 20243 Feb 2026 - NII faces short-term pressure, but swaps and securities offer strong future tailwinds.CMA
Morgan Stanley US Financials, Payments & CRE Conference 20241 Feb 2026 - Strong capital, stable credit, and strategic investments drive growth into 2025.CMA
Barclays 22nd Annual Global Financial Services Conference 202421 Jan 2026 - Q3 net income was $184M, with strong deposits, stable NII, and CET1 ratio at 11.97%.CMA
Q3 202419 Jan 2026 - Strong capital, deposit growth, and disciplined risk management drive 2025 momentum.CMA
Goldman Sachs 2024 U.S. Financial Services Conference11 Jan 2026 - 2024 net income $698M, CET1 11.89%, strong credit, buybacks resumed, growth expected in 2025.CMA
Q4 202410 Jan 2026 - Growth driven by strong credit, capital, and digital innovation, with focus on organic expansion.CMA
RBC Capital Markets Financial Institutions Conference 202523 Dec 2025 - 2024 saw strong financials, enhanced ESG, and continued focus on board independence and pay-for-performance.CMA
Proxy Filing1 Dec 2025 - Virtual annual meeting to vote on directors, auditor, and executive pay; online access promoted.CMA
Proxy Filing1 Dec 2025
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