Comerica (CMA) Investor Presentation summary

Strategic positioning and business model

• Focuses on serving target customers with tailored solutions, combining small bank service with large bank capabilities and localized advice.

• Operates a diversified business model across commercial, wealth management, and retail banking, with a cohesive relationship strategy.

• Maintains a strong presence in large, high-growth urban markets, with significant operations in Texas, California, and Michigan, and offices across the U.S.

• Recognized for excellence in business banking, advisory capabilities, and long-term relationship value.

Financial performance and capital management

• Reported strong 1Q25 results: EPS grew over 4Q24, book value increased, and expenses declined.

• Net interest income remained flat despite lower loan demand, supported by favorable deposit trends and securities portfolio.

• CET1 ratio at 12.05%, well above the strategic target, with robust liquidity and diversified funding sources.

• Returned $143M to shareholders through repurchases and dividends in 1Q25.

Loans and deposits

• Average loans decreased 0.8% in 1Q25, mainly due to National Dealer Services and commercial real estate paydowns, but pipeline remains strong.

• Average deposits declined 2.3% due to seasonality and deliberate reduction in brokered time deposits, with a stable 38% noninterest-bearing mix.

• Deposit portfolio is diversified across business lines and geographies, with a focus on relationship deposits and long-tenured customers.