Comerica Incorporated (CMA) financial statements (2021 and earlier)

Company profile

Business Address 1717 MAIN STREET MC6404
DALLAS, TX 75201
State of Incorp. DE
Fiscal Year End December 31
SIC 6021 - National Commercial Banks (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments15,93911,30113,4644,9935,9734,2633,721
Cash and cash equivalents15,76711,14113,3114,8555,8184,1173,581
Short-term investments172160153138155146140
Total current assets:15,93911,30113,4644,9935,9734,2633,721
Noncurrent Assets
Operating lease, right-of-use asset306   329320 
Property, plant and equipment459456450454457467470
Intangible assets, net (including goodwill)635   635  
Goodwill635   635  
Regulated entity, other noncurrent assets1010111112139
Total noncurrent assets:1,4104664614651,433800479
Other undisclosed assets70,78071,86470,47270,87965,99667,78568,337
TOTAL ASSETS:88,12983,63184,39776,33773,40272,84872,537
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt 107522,26371511,733
Total current liabilities: 107522,26371511,733
Noncurrent Liabilities
Other undisclosed liabilities80,07975,74775,84366,67266,00465,59763,481
Total liabilities:80,07975,75776,59568,93566,07565,64865,214
Stockholders' equity
Stockholders' equity attributable to parent8,0507,8747,8027,4027,3277,2007,323
Preferred stock394394395    
Common stock1,1411,1411,1411,1411,1411,1411,141
Treasury stock, value(5,461)(5,467)(5,469)(5,470)(5,291)(5,146)(4,780)
Additional paid in capital2,1852,1792,1732,1682,1742,1722,168
Accumulated other comprehensive income (loss)168116158174(235)(336)(382)
Retained earnings9,6239,5119,4049,3899,5389,3699,176
Total stockholders' equity:8,0507,8747,8027,4027,3277,2007,323
TOTAL LIABILITIES AND EQUITY:88,12983,63184,39776,33773,40272,84872,537

Income statement (P&L) ($ in millions)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Revenues423417442542591643659
Net investment income 412437535584636652
Cost of revenue
(Provision for Loan, Lease, and Other Losses)
17(5)(138)(411)(8)(35)(44)
Gross profit:440412304131583608615
Operating expenses(172)(54)(50)(44)(51)(49)(46)
Other operating income, net
(Noninterest Income, Other Operating Income)
34293520392322
Operating income:302387289107571582591
Nonoperating income (expense)(18)211823212222
Foreign currency transaction gain, before tax 9911111111
Bank owned life insurance income 12912101111
Interest and debt expense(20)(26)(40)(96)(115)(125)(124)
Income from continuing operations before income taxes:26438226734477479489
Income tax expense (benefit)(63)(48)(27)21(82)(80)(87)
Income before gain (loss) on sale of properties:20133424055395399402
Other undisclosed net income (loss)14(123)(127)(120)(126)(107)(104)
Net income (loss) attributable to parent:215211113(65)269292298
Other undisclosed net loss available to common stockholders, basic(6)(8)(1) (2)(2)(1)
Net income (loss) available to common stockholders, diluted:209203112(65)267290297

Comprehensive Income ($ in millions)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Net income (loss):215211113(65)269292298
Other comprehensive income (loss)52(42)(16)40910146131
Comprehensive income, net of tax, attributable to parent:26716997344370338429

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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