Comerica

Comerica Incorporated (Comerica) is a financial services company. The Company has three business segments: the Business Bank, the Retail Bank, and Wealth Management. Comerica operates in three primary geographic markets: Texas, California and Michigan. The Company’s business bank meets the needs of middle market businesses, multinational corporations and governmental entities by offering various products and services, including commercial loans and lines of credit, deposits, cash management, capital market products, international trade finance, letters of credit, foreign exchange management services and loan syndication services. As of December 31, 2012, Comerica owned directly or indirectly all the stock of two active banking and 49 non-banking subsidiaries.
Company Growth (employees)
Type
Public
HQ
Dallas, US
Founded
1849
Size (employees)
7,659 (est)
Comerica was founded in 1849 and is headquartered in Dallas, US

Key People at Comerica

Curtis Farmer

Curtis Farmer

President
Karen Parkhill

Karen Parkhill

Vice Chairman & CFO
Jon Bilstrom

Jon Bilstrom

EVP of Governance
Megan Burkhart

Megan Burkhart

EVP & CHRO
Paul Obermeyer

Paul Obermeyer

EVP & CIO

Comerica Office Locations

Comerica has an office in Dallas
Dallas, US (HQ)
1717 Main Street Dallas

Comerica Data and Metrics

Comerica Financial Metrics

Comerica's revenue was reported to be $767 m in Q1, 2017
USD

Revenue (Q1, 2017)

767 m

Gross profit (Q1, 2017)

741 m

Gross profit margin (Q1, 2017), %

97%

Net income (Q1, 2017)

202 m

EBIT (Q1, 2017)

470 m

Market capitalization (15-Aug-2017)

12.6 b

Cash (31-Mar-2017)

1.2 b
Comerica's current market capitalization is $12.6 b.
USDFY, 2014FY, 2015FY, 2016

Revenue

1.8 b1.8 b1.9 b

Revenue growth, %

(2%)2%7%

Cost of goods sold

95 m112 m

Gross profit

1.7 b1.8 b

Gross profit Margin, %

95%94%

EBIT

870 m750 m1.8 b

EBIT margin, %

50%42%94%

Pre tax profit

750 m670 m

Net Income

593 m521 m477 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Revenue

661 m651 m691 m705 m712 m718 m742 m752 m767 m

Cost of goods sold

25 m22 m22 m23 m26 m25 m28 m30 m26 m

Gross profit

636 m629 m669 m682 m686 m693 m714 m722 m741 m

Gross profit Margin, %

96%97%97%97%96%97%96%96%97%

EBIT

416 m414 m413 m421 m422 m447 m445 m450 m470 m

EBIT margin, %

63%64%60%60%59%62%60%60%61%

Pre tax profit

221 m227 m195 m199 m199 m85 m146 m213 m268 m

Net Income

290 m444 m134 m269 m405 m60 m164 m313 m202 m
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

1.1 b1 b1.2 b1.2 b

Accounts Receivable

6 b

PP&E

594 m532 m550 m501 m

Total Assets

65.2 b69.2 b71.9 b73 b

Accounts Payable

59 b

Total Debt

25 m

Total Liabilities

65.2 b

Additional Paid-in Capital

2.2 b2.2 b2.2 b2.1 b

Retained Earnings

6.3 b6.7 b7.1 b7.3 b

Total Equity

7.2 b7.4 b7.6 b7.8 b

Debt to Equity Ratio

0 x

Debt to Assets Ratio

0 x

Financial Leverage

9.1 x9.3 x9.5 x9.4 x
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Cash

1.2 b1 b1.2 b1.1 b1.1 b977 m1.2 b1.3 b1.2 b

Accounts Receivable

2.7 b6.7 b4.8 b4.8 b6.1 b2 b2.9 b6.7 b7.1 b

PP&E

562 m524 m531 m541 m541 m541 m544 m528 m488 m

Total Assets

65.3 b68.9 b69.3 b69.9 b71 b69 b71.3 b74.1 b73 b

Accounts Payable

54.2 b57.6 b57.6 b58.3 b58.8 b56.4 b56.4 b59.3 b58.9 b

Additional Paid-in Capital

2.2 b2.2 b2.2 b2.2 b2.2 b2.2 b2.2 b2.2 b2.1 b

Retained Earnings

6.5 b6.6 b6.8 b6.9 b7 b7.1 b7.2 b7.3 b7.4 b

Total Equity

7.4 b7.4 b7.5 b7.5 b7.6 b7.6 b7.7 b7.7 b7.9 b

Financial Leverage

8.9 x9.3 x9.2 x9.3 x9.3 x9 x9.3 x9.6 x9.2 x
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

541 m593 m521 m477 m

Depreciation and Amortization

145 m136 m131 m129 m

Cash From Operating Activities

836 m639 m862 m493 m

Cash From Investing Activities

1.2 b(3.7 b)(3.3 b)(270 m)

Short-term Borrowings

143 m(137 m)(93 m)2 m

Cash From Financing Activities

(93 m)2.7 b2.5 b848 m

Interest Paid

114 m101 m94 m111 m

Income Taxes Paid

88 m106 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

290 m444 m134 m269 m405 m60 m164 m313 m202 m

Depreciation and Amortization

66 m101 m34 m68 m101 m32 m63 m98 m33 m

Cash From Operating Activities

346 m565 m338 m394 m663 m245 m239 m397 m407 m

Cash From Investing Activities

(2.5 b)(2.3 b)(501 m)(1.4 b)(1 b)(258 m)(1.4 b)(307 m)773 m

Short-term Borrowings

(77 m)(51 m)(36 m)(60 m)(7 m)491 m(11 m)(11 m)16 m

Cash From Financing Activities

(386 m)3.1 b54 m924 m1.5 b(3.1 b)(896 m)1.8 b(79 m)

Interest Paid

50 m74 m19 m45 m64 m19 m51 m75 m27 m
USDY, 2017

Revenue/Employee

100.1 k

Financial Leverage

9.2 x

Comerica Operating Metrics

Comerica's Total Loans Issued was reported to be $49.4 b in Q2, 2017

    Comerica Market Value History

    Comerica Revenue Breakdown

    Traffic Overview of Comerica

    Comerica Online and Social Media Presence

    Comerica News and Updates

    Comerica Plans to Cut 9% of Its Workforce

    That's almost 800 jobs.

    Comerica Company Life and Culture

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