- Q1 net income of $134M or $0.73 per share vs. $139M and $0.73 one year ago.
- Net interest income of $413M vs. $410M a year ago, with NIM slipping to 2.64% from 2.77%.
- Adjusted noninterest income of $212M vs. $208M a year ago. Adjusted noninterest expense of $416M vs. $406M.
- Provision for credit losses of $14M vs. $9M a year ago. "our energy portfolio continues to perform well, with only modest negative credit migration. However, in light of the fact that oil and gas prices remain depressed, we expect that our criticized loans may increase from current very low levels as the year progresses.
- Energy-related loans included about $3.6B of outstanding loans in the bank's energy business line along with another $750M in loans in other lines of businesses to companies with a sizable portion of revenue related to energy. Total loans at the bank of $48.15B.
- CET1 ratio of 10.43%.
- Previously: Comerica EPS in-line, beats on revenue (April 17)
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CMA flat premarket