Overview

* Comerica ( CMA ) Q3 net income $176 mln, EPS $1.35, with stable net interest income

* Noninterest income declined, while noninterest expenses increased but outperformed company's guidance

* Comerica announces merger with Fifth Third Bancorp, expected to close Q1 2026

Outlook

* Comerica anticipates merger with Fifth Third to close by end of Q1 2026

* Company highlights strategic growth in core interest-bearing deposits

* Comerica ( CMA ) emphasizes capital strength with CET1 ratio at 11.90%

Result Drivers

* DEPOSIT GROWTH - Robust average deposit growth contributed to stable net interest income

* NONINTEREST INCOME DECLINE - Decline in fiduciary and capital markets income led to decreased noninterest income

* NONINTEREST EXPENSES INCREASE - Litigation-related expenses and operational losses drove higher noninterest expenses

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 EPS $1.35

Q3 Net $176 mln

Income

Q3 Net $574 mln

Interest

Income

Analyst Coverage

* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 17 "hold" and 2 "sell" or "strong sell"

* The average consensus recommendation for the banks peer group is "buy."

* Wall Street's median 12-month price target for Comerica Inc ( CMA ) is $71.50, about 3.3% below its October 16 closing price of $73.85

* The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 11 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)