Major Rating Factors:
A current level of 2.9 percent of nonperforming loans to core capital combined with 4.7 percent from a year earlier contributes to the Excellent asset quality (7.6). A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to an Excellent overall stability index (7.6 on a scale of 0 to 10).
Other Rating Factors:
Excellent current capitalization (7.2 on a scale of 0 to 10) based on a risk-based capital ratio of 12.4 and a capital leverage ratio of 9.2. Operating profits as a percentage of assets at 1.3%, coupled with a return on assets of 1.0 has resulted in Fair (3.4) profitability.
Asset Mix:
Comm loans (29%), securities (20%), comm re (13%), cash (11%), home mtgs (2%), home eq lns (2%), consumer loans (1%), other (23%)
States with Branches:
AZ, CA, FL, MI, TX
Corporate Info
Comerica Incorporated
1717 Main Street
Dallas, TX 75201
Dallas, TX 75201
(214) 462-4000
1849
Largest Affiliates
Ann Arbor, MI
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Bank