Comerica's Q1 profit increased by 26%, but total interest income decreased by 9%.

From Nasdaq: 2025-04-21 07:04:00

Comerica Inc. reported a 26% increase in net income to $165 million in the first quarter, with earnings per share growing 28% to $1.25. Total interest income decreased by 9% to $924 million. Analysts expected earnings of $1.13 per share on revenues of $837.27 million. Net interest income increased by 5% to $575 million, while total noninterest income was up 85% to $254 million. Total interest expenses fell by 26% to $349 million, with a 39% increase in provision for credit losses to $20 million. Comerica shares were up by 0.2% in pre-market trading.

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