Major Rating Factors:
Excellent current capitalization (9.1 on a scale of 0 to 10) based on a risk-based capital ratio of 13.2 and a capital leverage ratio of 10.4. A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to an Excellent overall stability index (8.2 on a scale of 0 to 10).
Other Rating Factors:
A current level of 4.0 percent of nonperforming loans to core capital combined with 4.7 percent from a year earlier contributes to the Good asset quality (6.6). Operating profits as a percentage of assets at 1.2%, coupled with a return on assets of 0.9 has resulted in Fair (4.5) profitability.
Asset Mix:
Comm loans (32%), securities (19%), comm re (15%), cash (7%), home mtgs (3%), home eq lns (2%), consumer loans (1%), other (22%)
States with Branches:
AZ, CA, FL, MI, TX
Asset Quality
Non-Performing Loans to Capital
Non-Performing Assets to Assets
Non-Performing Loans to Loans
Loan Loss Reserves to Loans
Charge-Offs to Average Loans
5-Year Charge-Offs to Average Loans
5-Year Asset Growth
1-Year Asset Growth
Profitability
Operating Profit to Average Assets
Return on Equity
Net Interest Spread
5-Year ROAA (Return on Average Assets)
Overhead Efficiency Ratio
Corporate Info
Group Affiliation
Comerica Incorporated
Investment Rating
--
Address
1717 Main Street
Dallas, TX 75201
Dallas, TX 75201
Phone Number
(214) 462-4000
Year Founded
1849
FDIC Number
Website
Largest Affiliates
Ann Arbor, MI
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Bank