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Comerica, Inc.

Comerica, Inc. (CMA)

Comerica Incorporated, incorporated on November 13, 1972, is a financial services company. The Company's principal activity is lending to and accepting deposits from businesses and individuals. The Company's segments include the Business Bank, the Retail Bank, Wealth Management, Finance and Other. The Business Bank serves middle market businesses, multinational corporations and governmental entities by offering various products and services, including commercial loans and lines of credit, deposits, cash management, capital market products, international trade finance, letters of credit, foreign exchange management services and loan syndication services. The Retail Bank includes small business banking and personal financial services, consisting of consumer lending, consumer deposit gathering and mortgage loan origination. In addition to a range of financial services provided to small business customers, this business segment offers a range of consumer products, including deposit accounts, installment loans, credit cards, student loans, home equity lines of credit and residential mortgage loans.

The Wealth Management segment offers products and services consisting of fiduciary services, private banking, retirement services, investment management and advisory services, investment banking and brokerage services. This business segment also offers the sale of annuity products, as well as life, disability and long-term care insurance products. The Finance segment includes the Company's securities portfolio and asset and liability management activities. The Company operates in geographic markets, including Texas, California, and Michigan, as well as in Arizona and Florida, with select businesses operating in several other states, and in Canada and Mexico.

Lending Activities

The Company offers a range of loans, including commercial loans, real estate construction loans, commercial mortgage loans, lease financing, international loans and residential mortgage loans. Its commercial real estate loans comprise real estate construction loans and commercial mortgage loans. Real estate construction loans primarily include loans in the commercial real estate business line, which generally serves commercial real estate developers. Its commercial mortgage loans include commercial real estate business line and other business lines. Its international loans include banks and other financial institutions, and commercial and industrial loans. Its consumer loans include home equity and other consumer loans. As of December 31, 2016, the Company had total loans of approximately $49.1 billion.

The Company offers commercial loans to various business lines, including general middle market, national dealer services, energy, technology and life sciences, environmental services and entertainment. National dealer services primarily provides floor plan inventory financing to auto dealerships. Its energy business line is engaged in three divisions of the oil and gas business: exploration and production (E&P), midstream and energy services. The technology and life sciences business line serves two divisions: private equity and venture capital firms, referred to as equity fund services, and companies that are typically owned by venture-capital firms, where equity is invested to create products and build companies. Mortgage banker finance provides short-term and revolving lines of credit to independent mortgage banking companies.

Investing Activities

The Company's investing activities include investment securities available-for-sale and investment securities held-to-maturity. The Company's investment securities available-for-sale include the United States treasury and the other United States Government agency securities, residential mortgage-backed securities, state and municipal securities and equity and other non-debt securities. The equity and other non-debt securities include auction-rate preferred securities and, money market and other mutual funds. The investment securities held to maturity include residential mortgage-backed securities. As of December 31, 2016, the Company's total investment securities were $12.4 billion.

Sources of Funds

The Company's sources of funds include deposits and other short-term investments. The Company's deposits include noninterest-bearing deposits, money market and interest-bearing checking deposits, savings deposits, customer certificates of deposit and foreign office time deposits. Its Short-term borrowings primarily include federal funds purchased, short-term Federal Home Loan Bank (FHLB) advances, and securities sold under agreements to repurchase. Interest-bearing deposits with banks primarily include deposits with the Federal Reserve Board (FRB) and also include deposits with banks in developed countries or international banking facilities of foreign banks located in the United States. Other short-term investments include federal funds sold, trading securities and loans held-for-sale. As of December 31, 2016, the Company had total deposits of approximately $59 billion.

Fundamentals

Optimized Dividends

Annual Dividends

Year Amount Change
2006 0.0c
2007 0.0c 0%
2008 0.0c 0%
2009 0.0c 0%
2010 0.0c 0%
2011 0.0c 0%
2012 55.0c 100%
2013 68.0c 23.6%
2014 79.0c 16.2%
2015 83.0c 5.1%
2016 89.0c 7.2%
2017 109.0c 22.5%
2018 184.0c 68.8%
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Dividends

Ex-Div Date Pay Date Year Type Frequency Status Amount
13 Mar 2012 01 Apr 2012 2012 Interim Quarterly Paid 10c
13 Jun 2012 01 Jul 2012 2012 Interim Quarterly Paid 15c
12 Sep 2012 01 Oct 2012 2012 Interim Quarterly Paid 15c
12 Dec 2012 01 Jan 2013 2012 Final Quarterly Paid 15c
13 Mar 2013 01 Apr 2013 2013 Interim Quarterly Paid 17c
12 Jun 2013 01 Jul 2013 2013 Interim Quarterly Paid 17c
11 Sep 2013 01 Oct 2013 2013 Interim Quarterly Paid 17c
11 Dec 2013 01 Jan 2014 2013 Final Quarterly Paid 17c
12 Mar 2014 01 Apr 2014 2014 Interim Quarterly Paid 19c
11 Jun 2014 01 Jul 2014 2014 Interim Quarterly Paid 20c
11 Sep 2014 01 Oct 2014 2014 Interim Quarterly Paid 20c
11 Dec 2014 01 Jan 2015 2014 Final Quarterly Paid 20c
11 Mar 2015 01 Apr 2015 2015 Interim Quarterly Paid 20c
11 Jun 2015 01 Jul 2015 2015 Interim Quarterly Paid 21c
11 Sep 2015 01 Oct 2015 2015 Interim Quarterly Paid 21c
11 Dec 2015 01 Jan 2016 2015 Final Quarterly Paid 21c
11 Mar 2016 01 Apr 2016 2016 Interim Quarterly Paid 21c
13 Jun 2016 01 Jul 2016 2016 Interim Quarterly Paid 22c
13 Sep 2016 01 Oct 2016 2016 Interim Quarterly Paid 23c
13 Dec 2016 01 Jan 2017 2016 Final Quarterly Paid 23c
13 Mar 2017 01 Apr 2017 2017 Interim Quarterly Paid 23c
13 Jun 2017 01 Jul 2017 2017 Interim Quarterly Paid 26c
14 Sep 2017 01 Oct 2017 2017 Interim Quarterly Paid 30c
14 Dec 2017 01 Jan 2018 2017 Final Quarterly Paid 30c
14 Mar 2018 01 Apr 2018 2018 Interim Quarterly Paid 30c
14 Jun 2018 01 Jul 2018 2018 Interim Quarterly Paid 34c
13 Sep 2018 01 Oct 2018 2018 Interim Quarterly Paid 60c
13 Dec 2018 01 Jan 2019 2018 Final Quarterly Paid 60c
14 Mar 2019 01 Apr 2019 2019 Interim Quarterly Paid 67c
13 Jun 2019 01 Jul 2019 2019 Interim Quarterly Paid 67c
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Comerica, Inc. optimized dividend - 12 month history

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Comerica, Inc. share price - 12 month history

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