Comerica | 8-K: FY2025 Q3 Revenue: USD 838 M

Revenue: As of FY2025 Q3, the actual value is USD 838 M.

EPS: As of FY2025 Q3, the actual value is USD 1.35, beating the estimate of USD 1.3058.

EBIT: As of FY2025 Q3, the actual value is USD -347 M.

Financial Metrics by Segment

Net Income

Third quarter 2025 net income: $176 million, or $1.35 per share.

Segment Revenue

Commercial Bank: Net interest income of $453 million, noninterest income of $143 million, noninterest expenses of $275 million, and net income of $235 million.
Retail Bank: Net interest income of $240 million, noninterest income of $28 million, noninterest expenses of $172 million, and net income of $71 million.
Wealth Management: Net interest income of $50 million, noninterest income of $69 million, noninterest expenses of $98 million, and net income of $11 million.
Finance: Net interest expense of -$209 million, noninterest income of $20 million, noninterest expenses of $0 million, and net loss of -$142 million.
Other: Net interest income of $40 million, noninterest income of $4 million, noninterest expenses of $44 million, and net income of $1 million.

Operational Metrics

Net interest income: $574 million, relatively stable compared to $575 million in the second quarter of 2025 and $534 million in the third quarter of 2024.
Provision for credit losses: $22 million, down from $44 million in the second quarter of 2025 and up from $14 million in the third quarter of 2024.
Noninterest income: $264 million, down from $274 million in the second quarter of 2025 and $277 million in the third quarter of 2024.
Noninterest expenses: $589 million, up from $561 million in the second quarter of 2025 and $562 million in the third quarter of 2024.
Pre-tax income: $227 million, down from $244 million in the second quarter of 2025 and $235 million in the third quarter of 2024.
Provision for income taxes: $51 million, up from $45 million in the second quarter of 2025 and equal to the third quarter of 2024.
Average loans: $50.8 billion, relatively stable compared to $50.7 billion in the second quarter of 2025 and $50.9 billion in the third quarter of 2024.
Average deposits: $62.7 billion, up from $61.2 billion in the second quarter of 2025 and down from $63.9 billion in the third quarter of 2024.
Return on average assets (ROA): 0.89%, down from 1.03% in the second quarter of 2025 and 0.92% in the third quarter of 2024.
Return on average common shareholders’ equity (ROE): 10.20%, down from 11.35% in the second quarter of 2025 and 10.88% in the third quarter of 2024.
Net interest margin: 3.09%, down from 3.16% in the second quarter of 2025 and up from 2.80% in the third quarter of 2024.
Efficiency ratio: 70.23%, up from 65.78% in the second quarter of 2025 and 68.80% in the third quarter of 2024.
Common equity Tier 1 capital ratio: 11.90%, down from 11.99% in the second quarter of 2025 and 11.96% in the third quarter of 2024.
Tier 1 capital ratio: 12.44%, up from 11.99% in the second quarter of 2025 and down from 12.51% in the third quarter of 2024.

Cash Flow

Operating cash flow and free cash flow data not provided in the reference.

Unique Metrics

Allowance for credit losses: $725 million, or 1.43% of total loans, reflecting a slightly improved economic forecast, stable credit performance, and continued uncertainty.
Criticized loans: Decreased by $88 million to $2.7 billion, or 5.2% of total loans.
Nonperforming assets: Increased by $11 million to $260 million, or 0.51% of total loans and foreclosed property.
Net charge-offs: $32 million, up from $28 million in the second quarter of 2025.

Outlook / Guidance

Comerica anticipates the first dividend of $11 million payable on January 1, 2026, to be declared and recognized during the fourth quarter.
The merger with Fifth Third Bancorp is expected to close at the end of the first quarter of 2026, subject to shareholder and regulatory approvals.
The company remains focused on leveraging the strengths of both organizations to expand reach, support customers, and deliver stronger returns for shareholders.