Comerica Reports Q2 2025 Financial Results with $199 Million Net Income

Comerica Incorporated reported its financial results for the second quarter of 2025, revealing a net income of $199 million, a decrease from $206 million in the same quarter of the previous year. For the first half of 2025, net income reached $371 million, up from $344 million in the first half of 2024. The bank's diluted earnings per share for the second quarter were $1.42, compared to $1.49 a year earlier. The increase in net income for the six-month period was primarily driven by a rise in net interest income, which totaled $1.15 billion, up from $1.08 billion in the prior year, despite a higher provision for credit losses of $64 million compared to $14 million in the same period last year.

Total assets decreased to $77.99 billion as of June 30, 2025, down from $79.30 billion at the end of 2024. This decline was attributed to a $1.9 billion drop in interest-bearing deposits with banks, partially offset by a $640 million increase in total loans, which reached $51.18 billion. The bank's allowance for credit losses increased to $735 million, representing 1.44% of total loans, consistent with the previous quarter. The provision for credit losses rose due to economic uncertainties and changes in the loan portfolio composition.

In terms of operational developments, Comerica's customer base remained stable, with total deposits decreasing to $60.00 billion from $63.81 billion at the end of 2024. The bank's strategic focus on its three major business segments—Commercial Bank, Retail Bank, and Wealth Management—continues to shape its operations. The Commercial Bank segment reported a net income of $481 million, while the Retail Bank saw a significant increase in net income to $161 million, reflecting a 91% rise compared to the previous year. Wealth Management also experienced growth, with net income rising to $51 million.

Looking ahead, Comerica's management expressed cautious optimism regarding future performance, citing ongoing economic uncertainties and the potential impact of changing interest rates. The bank is actively managing its interest rate risk and liquidity position, with a focus on optimizing net interest income while maintaining adequate capital levels. The estimated Common Equity Tier 1 (CET1) capital ratio stood at 11.94% as of June 30, 2025, above the regulatory minimum requirements, indicating a solid capital position as the bank navigates the evolving economic landscape.