Comerica GAAP EPS of $2.58 beats by $0.03, revenue of $1.02B beats by $10M

Jan. 19, 2023 6:49 AM ETComerica Incorporated (CMA)By: Deepa Sarvaiya, SA News Editor1 Comment
  • Comerica press release (NYSE:CMA): Q4 GAAP EPS of $2.58 beats by $0.03.
  • Revenue of $1.02B (+36.0% Y/Y) beats by $10M.
  • Provision for credit losses increased $5 million to $33 million.
  • Common equity Tier 1 capital ratio of 10.02% and a Tier 1 capital ratio of 10.52%
  • Loans increased $1.3 billion to $52.4 billion
  • Securities decreased $1.4 billion to $19.1 billion.
  • Deposits decreased $2.6 billion to $71.4 billion.
  • Form 8-K
  • Shares +0.85% PM.

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