Comerica Incorporated CMA Income Statement

Comerica incorporated (CMA)

Income statement / Yearly

Dec'19	Dec'18	Dec'17	Dec'16	Dec'15	Dec'14	Dec'13	Dec'12	Dec'11	Dec'10	Dec'09	Dec'08
INTEREST INCOME
Interest and fees on loans
2,439	2,262	1,872	1,635	1,551	1,525	1,556	1,617	1,564	1,617	1,767	2,649
Interest on investment securities
297	265	250	247	216	211	214	234	233	226	329	389
Interest on short-term investments
71	92	60	27	17	14	14	12	12	10	9	13
Total interest income
2,807	2,619	2,182	1,909	1,784	1,750	1,784	1,863	1,809	1,853	2,105	3,051
INTEREST EXPENSE
Interest on deposits
262	122	42	40	43	45	55	70	90	115	372	734
Interest on short-term borrowings
9	1	3	0	0	-	-	-	-	1	2	87
Interest on medium- and long-term debt
197	144	76	72	52	50	57	65	66	91	164	415
Total interest expense
468	267	121	112	95	95	112	135	156	207	538	1,236
Interest Income (Expense), Net
2,339	2,352	2,061	1,797	1,689	1,655	1,672	1,728	1,653	1,646	1,567	1,815
Provision for credit losses
74	-1	74	248	147	27	46	79	144	478	1,082	686
Net interest income after provision for credit losses
2,265	2,353	1,987	1,549	1,542	1,628	1,626	1,649	1,509	1,168	485	1,129
NONINTEREST INCOME
Fiduciary income
206	206	198	190	187	180	171	158	151	154	161	199
Service charges on deposit accounts
203	211	227	219	223	215	214	214	208	208	228	229
Card fees
257	244	333	303	276	81	86	65	77	58	51	58
Commercial lending fees
91	85	85	89	99	98	99	96	87	95	79	69
Foreign exchange income
44	47	45	42	40	40	36	38	40	39	41	40
Bank-owned life insurance
41	39	43	42	40	39	40	39	37	40	35	38
Letter of credit fees
38	40	45	50	53	57	64	71	73	76	69	69
Brokerage fees
28	27	23	19	17	17	17	19	22	25	31	42
Net securities losses
-7	-19	0	0	-2	0	-1	12	14	3	243	67
Other noninterest income
109	96	108	97	102	130	156	158	83	91	112	82
Noninterest Income
1,010	976	1,107	1,051	1,035	857	882	870	792	789	1,050	893
NONINTEREST EXPENSES
Salaries
-	-	-	-	-	-	-	-	770	740	687	781
Employee benefits
-	-	-	-	-	-	-	-	205	179	210	194
Salaries and benefits expense
1,020	1,009	961	989	1,009	980	1,009	1,018	975	919	897	975
Outside processing fee expense
264	255	366	336	318	111	119	107	101	96	97	104
Occupancy expense
154	152	154	157	159	171	160	163	169	162	162	156
Software expense
117	125	126	119	99	95	90	90	88	89	84	76
Equipment expense
50	48	45	53	53	57	60	65	66	63	62	62
Legal fees
-	-	-	-	-	-	-	-	-	-	37	29
Advertising expense
34	30	28	21	24	23	21	27	28	30	29	30
FDIC insurance expense
23	42	51	54	37	33	33	38	43	62	90	16
Restructuring charges
0	53	45	93	0	0	-	35	75	0	0	-
Litigation-related expense
-	-	-	-	-32	4	52	23	10	-	10	-103
Gain on debt redemption
-	-	-	-	-	32	1	0	-	-	-	-
Other real estate expense
-	-	-	-	-	-	-	-	22	29	48	10
Provision for credit losses on lending-related commitments
-	-	-	-	-	-	-	-	-	-	0	18
Other noninterest expenses
81	80	84	108	160	173	179	191	194	192	134	172
Noninterest Expense
1,743	1,794	1,860	1,930	1,827	1,615	1,722	1,757	1,771	1,642	1,650	1,751
(Loss) income before income taxes
1,500	1,535	1,234	670	750	870	786	762	530	315	-115	271
Income Tax Expense (Benefit)
334	300	491	193	229	277	245	241	137	55	-131	59
Income from continuing operations
-	-	-	-	-	-	-	-	-	260	16	212
Income from discontinued operations, net of tax
-	-	-	-	-	-	-	-	-	17	1	1
Net (loss) income
1,198	1,235	743	477	521	593	541	521	393	277	17	213
Less income allocated to participating securities
7	8	5	4	6	7	8	6	4	1	1	4
Preferred stock dividends
-	-	-	-	-	-	-	-	-	123	134	17
Net (loss) income attributable to common shares
1,191	1,227	738	473	515	586	533	515	389	153	-118	192
Basic income from continuing operations per common share
-	-	-	-	-	-	-	-	-	0.79	-0.80	1.28
Basic (losses) earnings per common share
7.95	7.31	4.23	2.74	2.93	3.28	2.92	2.68	2.11	0.90	-0.79	1.29
Diluted income from continuing operations per common share
-	-	-	-	-	-	-	-	-	0.78	-0.80	1.28
Diluted (losses) earnings per common share
7.87	7.20	4.14	2.68	2.84	3.16	2.85	2.67	2.09	0.88	-0.79	1.28
Dividends, Common Stock, Cash
398	309	193	154	148	143	126	106	75	44	30	348
Common Stock, Dividends, Per Share, Declared
2.68	1.84	1.09	0.89	0.83	0.79	0.68	0.55	0.40	0.25	0.20	2.31