Comerica Incorporated (CMA) |
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Comerica Incorporated Income Statement Annual
CMA
Select the Financial Report: |
Period: |
Fiscal Year: |
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INCOME STATEMENT (Annual GAAP In millions $) |
(Dec 31 2019) 2019 |
(Dec 31 2018) 2018 |
(Dec 31 2017) 2017 |
(Dec 31 2016) 2016 |
(Dec 31 2015) 2015 |
Interest and Fee Income, Loans and Leases Held-in-portfolio |
2,439.00 |
2,262.00 |
1,872.00 |
1,635.00 |
1,551.00 |
Other Interest and Dividend Income |
71.00 |
92.00 |
60.00 |
27.00 |
17.00 |
Other Income |
297.00 |
265.00 |
250.00 |
247.00 |
216.00 |
Total Interest Income |
2,807.00 |
2,619.00 |
2,182.00 |
1,909.00 |
1,784.00 |
Interest Expense, Deposits |
262.00 |
122.00 |
42.00 |
40.00 |
43.00 |
Interest Expense, Short-term Borrowings |
206.00 |
145.00 |
79.00 |
72.00 |
52.00 |
Total Interest Expense |
468.00 |
267.00 |
121.00 |
112.00 |
95.00 |
Net Interest Income |
2,339.00 |
2,352.00 |
2,061.00 |
1,797.00 |
1,689.00 |
Provision
for loan losses |
74.00 |
-1.00 |
74.00 |
248.00 |
147.00 |
Total Net Interest Income |
2,265.00 |
2,353.00 |
1,987.00 |
1,549.00 |
1,542.00 |
Brokerage Commissions Revenue |
28.00 |
27.00 |
781.00 |
731.00 |
717.00 |
Bank owned life insurance |
- |
- |
- |
- |
- |
Other Noninterest Income |
150.00 |
135.00 |
154.00 |
144.00 |
143.00 |
Commercial Lending Fees |
91.00 |
85.00 |
- |
- |
- |
Letter Of Credit Fees |
38.00 |
40.00 |
- |
- |
- |
Card Fees |
257.00 |
244.00 |
- |
- |
- |
Foreign Exchange Income |
- |
- |
- |
- |
- |
Interest And Dividend Income Securities A F S And H T M |
297.00 |
265.00 |
- |
- |
- |
Debt And Equity Securities Gain Loss |
-7.00 |
-19.00 |
- |
- |
- |
Foreign Currency Transaction Gain (Loss) |
44.00 |
47.00 |
45.00 |
42.00 |
40.00 |
Loss/ -Gain on Investment |
- |
- |
-3.00 |
-5.00 |
-2.00 |
Other Non-Interest Income |
112.00 |
152.00 |
130.00 |
139.00 |
152.00 |
Total Noninterest Income |
1,010.00 |
976.00 |
1,107.00 |
1,051.00 |
1,050.00 |
Total Revenues |
3,275.00 |
3,329.00 |
3,094.00 |
2,600.00 |
2,592.00 |
Salaries & employee benefits, SGA |
1,054.00 |
1,039.00 |
940.00 |
982.00 |
1,033.00 |
Restructuring, Accretion & impairment charges |
- |
53.00 |
45.00 |
93.00 |
- |
Unusual Expense /-Income |
- |
- |
-2.00 |
1.00 |
-32.00 |
Equipment expense |
- |
- |
- |
- |
- |
Occupancy, Net |
154.00 |
152.00 |
154.00 |
157.00 |
159.00 |
Outside service fees |
- |
- |
- |
- |
- |
Customer services |
- |
- |
- |
- |
- |
Restructuring charges |
- |
- |
- |
- |
- |
Federal Deposit Insurance Corporation Premium Expense |
23.00 |
42.00 |
51.00 |
54.00 |
37.00 |
Other Noninterest Expense |
81.00 |
80.00 |
135.00 |
135.00 |
161.00 |
Outside Processing Fee Expense |
264.00 |
255.00 |
366.00 |
336.00 |
332.00 |
Software Expenses |
117.00 |
125.00 |
126.00 |
119.00 |
99.00 |
Total noninterest revenues |
50.00 |
48.00 |
45.00 |
53.00 |
53.00 |
Total Operating
Expenses |
1,743.00 |
1,794.00 |
1,860.00 |
1,930.00 |
1,842.00 |
Total Costs & Expenses |
2,211.00 |
2,061.00 |
1,981.00 |
2,042.00 |
1,937.00 |
Income /-loss before income taxes |
1,532.00 |
1,535.00 |
1,234.00 |
670.00 |
750.00 |
Income taxes expenses/-benefit |
334.00 |
300.00 |
491.00 |
193.00 |
229.00 |
Income after income taxes |
1,198.00 |
1,235.00 |
743.00 |
477.00 |
521.00 |
Net income/-loss
of other equity |
- |
- |
- |
- |
- |
Income /-loss after income taxes |
1,198.00 |
1,235.00 |
743.00 |
477.00 |
521.00 |
Preferred stock dividends |
- |
- |
- |
- |
- |
Accounting Change |
- |
- |
- |
- |
- |
Net Income/-loss |
1,198.00 |
1,235.00 |
743.00 |
477.00 |
521.00 |
Noncontrolling interests |
- |
- |
- |
- |
- |
Prefered dividends |
- |
- |
- |
- |
- |
Other |
- |
- |
- |
- |
- |
Income/-loss to shareholder |
1,191.00 |
1,227.00 |
738.00 |
473.00 |
515.00 |
Per
Share (GAAP Annual, in $) |
(Dec 31 2019) 2019 |
(Dec 31 2018) 2018 |
(Dec 31 2017) 2017 |
(Dec 31 2016) 2016 |
(Dec 31 2015) 2015 |
Basic EPS (excl. extra
items) |
7.95 |
7.31 |
4.23 |
2.74 |
2.93 |
Extraordinary items |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Basic Net EPS |
7.95 |
7.31 |
4.23 |
2.74 |
2.93 |
Basic shares outstanding (Mill.
of Units) |
149.81 |
167.85 |
174.47 |
172.63 |
175.77 |
EPS other shares |
- |
- |
- |
- |
- |
Diluted Net EPS |
7.87 |
7.20 |
4.14 |
2.68 |
2.84 |
Diluted average shares (Mill.
of Units) |
151.33 |
170.42 |
178.26 |
176.49 |
181.34 |
Dividend per share |
2.656 |
1.543 |
1.01 |
0.861 |
0.83 |
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