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)-3%
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 $1.9 b in FY, 2016 which is a 7% increase from the previous period.
$, USD

Revenue (FY, 2016)

1.9 b

Revenue growth (FY, 2015 - FY, 2016), %

7%

Gross profit (FY, 2016)

1.8 b

Gross profit margin (FY, 2016), %

94%

Net income (FY, 2016)

477 m

EBIT (FY, 2016)

1.8 b

Market capitalization (23-Jun-2017)

12.5 b

Closing share price (23-Jun-2017)

71.4

Cash (31-Dec-2016)

1.2 b
Comerica's current market capitalization is $12.5 b.
$, USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

1.8 b1.8 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

730 m870 m750 m1.8 b

EBIT margin, %

41%50%42%94%

Pre tax profit

750 m670 m

Net Income

541 m593 m521 m477 m
$, USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

1.1 b1 b1.2 b1.2 b

PP&E

594 m532 m550 m501 m

Total Assets

65.2 b69.2 b71.9 b73 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

Financial Leverage

9.1 x9.3 x9.5 x9.4 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
$, USDY, 2016

Revenue/Employee

232.3 k

Financial Leverage

9.4 x

Comerica Market Value History

Comerica Online and Social Media Presence

Comerica News and Updates

Comerica Company Life and Culture

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