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Comerica Incorporated (CMA) reported third-quarter 2025 earnings per share (EPS) of $1.35, surpassing the Zacks Consensus Estimate of $1.28 but down from $1.37 in the previous year. Net income attributable to common shareholders stood at $175 million, a decline of 1.1% year-over-year.
Total revenues were $838 million, up 3.3% year-over-year, but that fell short of consensus estimates by 0.7%. Net interest income (NII) rose 7.5% to $574 million, while total loans dropped to $50.9 billion and deposits increased by 4.3% to $62.6 billion as of September 30, 2025. The company observed a significant increase in net charge-offs, rising to $32 million from $11 million year-over-year, along with total non-performing assets up 4% to $260 million.
Comerica announced a $10.9 billion merger agreement with Fifth Third Bancorp (FITB), expected to close by the end of Q1 2026, which will create the ninth-largest bank in the U.S. with approximately $288 billion in assets. The transaction aims to enhance competitiveness and reduce commercial loan concentration from 44% to 36% in a more diversified loan portfolio.
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