Comerica Incorporated (NYSE: CMA) reported a decrease in net interest income and adjusted earnings for the first quarter of 2024.
- Comerica reported net interest income of $548 million for the first quarter of 2024, compared to $708 million last year
- Adjusted earnings per share declined to $1.29 in the first quarter from $2.48 in the prior-year period
- Q1 non-interest income decreased to $236 million from $282 million in the same period last year
- Net income was $138 million or $0.98 per share in the March quarter, vs. $324 million or $2.39 per share a year earlier
- At 0.66%, Q1 return on average assets was sharply lower than 1.54% recorded in the first quarter of 2023
- Average loans and average deposits decreased to $51.4 billion and $65.3 billion respectively during the three months
- First-quarter provision for credit losses decreased to $14 million from $30 million in the comparable period last year
Listen to the conference calls as they happen. Don't miss a beat! With AlphaStreet Intelligence, you can listen to live calls and interviews as they happen, so you never have to worry about missing out on important information.
Most Popular
Infographic: How Constellation Brands (STZ) performed in Q3 2026
Constellation Brands, Inc. (NYSE: STZ) reported net sales of $2.22 billion for the third quarter of 2026, down 10% year-over-year. Organic net sales were down 2%. Net income attributable to
BLK Q4 Preview: BlackRock appears poised for another earnings beat
BlackRock, Inc. (NYSE: BLK), the largest asset management company, is set to publish its fourth-quarter 2025 results next week. The update is expected to shed light on how the firm’s
A look at Best Buy’s (BBY) progress on its growth strategy
Shares of Best Buy Co., Inc. (NYSE: BBY) fell over 3% on Wednesday. The stock has dropped 17% over the past 12 months. The consumer electronics retailer delivered sales and
