Comerica Bank

1717 Main Street
Dallas, TX 75201

Phone: 800 925 2160

 

2019 Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 983
Date Established 1849
Assets $70.74 billion
Loans $49.50 billion
Deposits $57.17 billion
Capital $7.37 billion

Comerica Bank is an FDIC insured institution located in Dallas, TX. It was founded in 1849 and has approximately $70.74 billion in assets. Customers can open an account at one of its 479 branches.

For a more detailed analysis of Comerica Bank's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Bank Loan Profile?

The top three loan types in Comerica Bank’s loan portfolio are Commercial and Industrial Loans, Commercial Real Estate, and 1-4 Family Residential Loans.

Compared to other banks in Texas, Comerica Bank has a significantly higher percent of Commercial and Industrial Loans on its balance sheet, potentially indicating a specialty in that lending area.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 8.06
Multifamily
Mortgages
1.11
Credit Card Loans 0.00
Consumer Auto Loans 0.01
Small Business Loans 1.71
Construction and Development Loans 6.99
Commercial Real Estate 15.59
Commercial and Industrial Loans 54.63
Farm Loans 0.07

Deposit Rates - May 24, 2019

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Money Market
0.03% $1 - Learn MoreShow Less
Premium Money Market Account
0.03% $1 $14,999 Learn MoreShow Less
Premium Money Market Account
0.04% $15,000 $99,999 Learn MoreShow Less
CD Rates APY MIN MAX
3 Mo CD
0.03% $10,000 $24,999 Learn MoreShow Less
3 Mo CD
0.03% $100,000 $249,999 Learn MoreShow Less
6 Mo CD
0.04% $10,000 $24,999 Learn MoreShow Less
6 Mo CD
0.04% $100,000 $249,999 Learn MoreShow Less
12 Mo CD
0.10% $10,000 $24,999 Learn MoreShow Less
12 Mo CD
0.10% $100,000 $249,999 Learn MoreShow Less
18 Mo CD
0.10% $10,000 $24,999 Learn MoreShow Less
18 Mo CD
0.10% $100,000 $249,999 Learn MoreShow Less
24 Mo CD
0.15% $10,000 $24,999 Learn MoreShow Less
24 Mo CD
0.15% $100,000 $249,999 Learn MoreShow Less
30 Mo CD
0.15% $10,000 $24,999 Learn MoreShow Less
30 Mo CD
0.15% $100,000 $249,999 Learn MoreShow Less
36 Mo CD
0.20% $10,000 $24,999 Learn MoreShow Less
36 Mo CD
0.20% $100,000 $249,999 Learn MoreShow Less
48 Mo CD
0.25% $10,000 $24,999 Learn MoreShow Less
48 Mo CD
0.25% $100,000 $249,999 Learn MoreShow Less
60 Mo CD
0.35% $10,000 $24,999 Learn MoreShow Less
60 Mo CD
0.35% $100,000 $249,999 Learn MoreShow Less

Fixed IRA Rates APY MIN MAX
Fixed IRA
0.10% $1 $2,499 Learn MoreShow Less
Variable IRA Rates APY MIN MAX
Var IRA
0.05% $1 $2,499 Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.01% $1 - Learn MoreShow Less
Checking Rates APY MIN FEE
Access Checking 0.00% $0 $13.00 Learn MoreShow Less
Premier Checking 0.01% $20,000 $22.00 Learn MoreShow Less
Platinum Circle Checking 0.05% $0 $0.00 Learn MoreShow Less

Loan Rates - May 24, 2019

Your Current Location: Virginia, VA 20146

Refinance Mortgage Rates APR Rate Monthly Payment
Purchase Mortgage Rates APR Rate Monthly Payment

Monthly payments for mortgage products are based on a loan amount of $200,000. Home equity monthly payments are based on a loan amount of $50,000. Auto loan monthly payments are based on a loan amount of $25,000. Rates for each product are based on a variety of factors including credit score and loan amount. For specific requirements please check with the lender. Rates may change at any time.

Branches

Comerica Bank branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Ashburn,Virginia


Comerica Bank Locations


Financial Details

Comerica Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Comerica Bank. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
Comerica Bank U.S. Bank Average
2.97% 6.97%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its the bank’s tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of December 31, 2018, Comerica Bank had $237,173,000 in non-current loans and $1,433,000 in owned real estate. To cover these potential losses it had $7,371,001,000 in equity and $670,523,000 in loans loss reserves. That gives it a Texas Ratio of 2.97%.

Return on Equity
Comerica Bank U.S. Bank Average
16.39% 8.80%

Comerica Bank has a Return on Equity of 16.39% versus the BestCashCow average of 8.80%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
Comerica Bank U.S. Bank Average
10.42% 12.29%

Comerica Bank has a Capitalization of 10.42% versus the BestCashCow average of 12.29. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

Comerica Bank Balance Sheet Analysis

As of December 31, 2018, Comerica Bank had assets of $70,737,276,000, loans of $49,495,150,000, and deposits of $57,172,083,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

December 31, 2018
ASSETS
Cash & Balances due from depository institutions $4.51 billion
Interest-bearing balances $3.16 billion
Total securities $12.09 billion
Federal funds sold and reverse repurchase $0.02 billion
Net loans and leases $49.50 billion
Loan loss allowance $0.67 billion
Trading account assets $0.06 billion
Bank premises and fixed assets $0.00 billion
Other real estate owned $0.00 billion
Goodwill and other intangibles $0.70 billion
All other assets $3.39 billion
     Total Assets $63.37 billion
LIABILITIES
Total deposits $57.17 billion
      Interest-bearing deposits $28.23 billion
      Deposits held in domestic offices $56.67 billion
      % insured (estimated) 42.44%
Federal funds purchased and repurchase agreements $0.05 billion
Trading liabilities $0.25 billion
Other borrowed funds $4.46 billion
Subordinated debt $0.54 billion
All other liabilities $0.89 billion
      Total Liabilities $63.37 billion
      Shareholders’ Equity $7.37 billion

Summary Income Statement

December 31, 2018
INCOME AND EXPENSES
Total Interest Income $2.62 billion
Total Interest Expense $0.25 billion
Net interest income $2.37 billion
Provision for loan and lease losses $0.01 billion
Total non interest income $1.04 billion
Total non interest expense $1.86 billion
Pre-tax Net Operating Income $1.53 billion

Frequently Asked Questions About Comerica Bank

Branches and Savings

Is Comerica Bank FDIC insured?

Yes. It is covered under FDIC Certificate #983.

Why does Comerica Bank pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are Comerica Bank CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is Comerica Bank a commercial bank?

Yes

Where are Comerica Bank locations?

See branch locations nearby.

Is Comerica Bank open on Saturdays?

Is Comerica Bank open on Sundays?

What time does Comerica Bank open?

What time does Comerica Bank close?

Are Comerica Bank ATMs Open 24/7?

Do Comerica Bank ATMs accept cash deposits?

Can Comerica Bank customers use other ATMs?

Do Comerica Bank branches have notaries?

Will Comerica Bank notarize my document?

What address for Comerica Bank should I put for incoming ACH transfers?

Will the Comerica Bank branch print checks?

Do Comerica Bank checks expire?

Does Comerica Bank require US citizenship to open account?

Can Comerica Bank close my account?

Does Comerica Bank Report to credit bureaus?

Does Comerica Bank Use Equifax?

What is Comerica Bank's ACH Routing Number?

What is Comerica Bank's SWIFT code?

Products

Does Comerica Bank offer mortgages?

Compare mortgage rates here.

Does Comerica Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Comerica Bank offer personal loans?

Compare personal loan rates here.

Does Comerica Bank offer student loans?

Will Comerica Bank cash a check?

Will Comerica Bank redeem a savings bond?

Does Comerica Bank cash savings bonds?

Will Comerica Bank cash money orders?

Can Comerica Bank issue a money order?

Does Comerica Bank do currency exchange?

Background on The Bank

Who owns Comerica Bank?

How long has Comerica Bank been around?

Can Comerica Bank transfer to other banks?

Does Comerica Bank have quick pay?

Does Comerica Bank accept rolled coins?

Will Comerica Bank accept loose change?

Where is Comerica Bank headquarters?

Customer Reviews for Comerica Bank


  • Cory,Baldwin

    October 18, 2016

    IF the Cd's our that high then way i'm i the last to find out what The apys are.

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