Comerica Management

Management criteria checks 3/4

Comerica's CEO is Curt Farmer, appointed in Apr 2015, has a tenure of 9.08 years. total yearly compensation is $7.72M, comprised of 13.9% salary and 86.1% bonuses, including company stock and options. directly owns 0.19% of the company’s shares, worth $12.69M. The average tenure of the management team and the board of directors is 3.1 years and 6.3 years respectively.

Key information

Curt Farmer

Chief executive officer

US$7.7m

Total compensation

CEO salary percentage	13.9%
CEO tenure	9.1yrs
CEO ownership	0.2%
Management average tenure	3.1yrs
Board average tenure	6.3yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Curt Farmer's remuneration changed compared to Comerica's earnings?
Date	Total Compensation	Salary	Company Earnings
Mar 31 2024	n/a	n/a	US$668m
Dec 31 2023	US$8m	US$1m	US$854m
Sep 30 2023	n/a	n/a	US$1b
Jun 30 2023	n/a	n/a	US$1b
Mar 31 2023	n/a	n/a	US$1b
Dec 31 2022	US$9m	US$1m	US$1b
Sep 30 2022	n/a	n/a	US$1b
Jun 30 2022	n/a	n/a	US$913m
Mar 31 2022	n/a	n/a	US$979m
Dec 31 2021	US$8m	US$1m	US$1b
Sep 30 2021	n/a	n/a	US$1b
Jun 30 2021	n/a	n/a	US$1b
Mar 31 2021	n/a	n/a	US$884m
Dec 31 2020	US$5m	US$976k	US$482m
Sep 30 2020	n/a	n/a	US$534m
Jun 30 2020	n/a	n/a	US$615m
Mar 31 2020	n/a	n/a	US$795m
Dec 31 2019	US$5m	US$875k	US$1b
Sep 30 2019	n/a	n/a	US$1b
Jun 30 2019	n/a	n/a	US$1b
Mar 31 2019	n/a	n/a	US$1b
Dec 31 2018	US$4m	US$765k	US$1b
Sep 30 2018	n/a	n/a	US$1b
Jun 30 2018	n/a	n/a	US$939m
Mar 31 2018	n/a	n/a	US$817m
Dec 31 2017	US$4m	US$719k	US$738m

Compensation vs Market: Curt's total compensation ($USD7.72M) is above average for companies of similar size in the UK market ($USD3.32M).

Compensation vs Earnings: Curt's compensation has been consistent with company performance over the past year.

CEO

Curt Farmer (60 yo)

9.1yrs

Tenure

US$7,719,674

Compensation

Mr. Curtis Chatman Farmer, also known as Curt, serves as an Independent Director of Texas Instruments Incorporated since April 1, 2023. Mr. Farmer has been Chief Executive Officer of Comerica Incorporated...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Curtis Farmer	Chairman	9.1yrs	US$7.72m	0.19% $ 12.7m
James Herzog	CFO & Senior EVP	4.7yrs	US$2.81m	0.036% $ 2.4m
Megan Crespi	Senior EVP & COO	4.2yrs	US$1.96m	0.030% $ 2.0m
Megan Burkhart	Senior Executive VP and Chief Administrative & Human Resources Officer	1.3yrs	US$2.06m	0.038% $ 2.5m
Peter Sefzik	Senior EVP & Chief Banking Officer	5.8yrs	US$2.52m	0.041% $ 2.7m
Mauricio Ortiz	Executive VP	6.3yrs	no data	0.0089% $ 593.3k
Bruce Mitchell	Executive VP & Chief Information Officer	less than a year	no data	0.015% $ 979.2k
Kelly Gage	Senior VP & Director of Investor Relations	1.1yrs	no data	no data
Von Hays	Senior Executive VP	2yrs	no data	0.013% $ 891.4k
Kristina Janssens	Senior VP & Chief Compliance Officer	less than a year	no data	no data
Susan Joseph	Executive VP & Financial Intelligence Corporate Compliance Director	no data	no data	no data
Jon Bilstrom	Executive Vice President of Legal Affairs	no data	US$1.51m	no data

3.1yrs

Average Tenure

50yo

Average Age

Experienced Management: 0I1P's management team is considered experienced (3.1 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Curtis Farmer	Chairman	5.8yrs	US$7.72m	0.19% $ 12.7m
Roger Cregg	Independent Director	17.4yrs	US$302.57k	0.0038% $ 250.8k
Robert Taubman	Independent Director	23.8yrs	US$225.07k	0.011% $ 737.0k
Derek Kerr	Independent Director	1.3yrs	US$216.55k	no data
Richard Lindner	Independent Director	16yrs	US$231.25k	0.013% $ 877.4k
Michael Van de Ven	Independent Director	7.7yrs	US$264.86k	0.0038% $ 250.8k
Jennifer Sampson	Independent Director	1.3yrs	US$208.16k	no data
Nina Vaca	Independent Director	15.7yrs	US$221.25k	no data
Barbara Smith	Independent Facilitating Director	6.7yrs	US$272.57k	no data
Arthur Angulo	Independent Director	less than a year	no data	no data
Nancy Avila	Independent Director	2.3yrs	US$225.07k	no data
M. Gardner	Independent Director	less than a year	no data	no data

6.3yrs

Average Tenure

60.5yo

Average Age

Experienced Board: 0I1P's board of directors are considered experienced (6.3 years average tenure).

Comerica Management

Management criteria checks 3/4

Key information

Recent management updates

Comerica Incorporated Appoints Floyd Kessler as Executive Vice President, Chief Business Risk and Controls Officer

Insider recently sold US$382k worth of stock

High number of new directors

Comerica Incorporated Announces Board Changes

Comerica Bank Announces Executive Changes

Comerica Incorporated, Annual General Meeting, Apr 23, 2024

Recent updates

Comerica Incorporated Appoints Floyd Kessler as Executive Vice President, Chief Business Risk and Controls Officer

Insider recently sold US$382k worth of stock

High number of new directors

First quarter 2024 earnings released: EPS: US$0.99 (vs US$2.42 in 1Q 2023)

Comerica Incorporated Announces Board Changes

Comerica Incorporated Declares A Quarterly Cash Dividend, Payable on July 1, 2024

First quarter 2024 earnings released: EPS: US$0.99 (vs US$2.42 in 1Q 2023)

New major risk - Revenue and earnings growth

Comerica Bank Announces Executive Changes

Comerica Incorporated, Annual General Meeting, Apr 23, 2024

Upcoming dividend of US$0.71 per share

Fourth quarter dividend of US$0.71 announced

Full year 2023 earnings released: EPS: US$6.47 (vs US$8.57 in FY 2022)

Reginald M. Turner, Jr. Intends Not to Stand for Re-Election as a Director of Comerica Incorporated

Comerica Incorporated Provides Net Interest Income Guidance for the Year 2024

Full year 2023 earnings released: EPS: US$6.47 (vs US$8.57 in FY 2022)

Upcoming dividend of US$0.71 per share at 6.0% yield

Comerica Incorporated Announces Management Changes

Comerica Incorporated Declares Quarterly Cash Dividend for Common Stock, Payable on January 1, 2024

Comerica Incorporated Reports Net Charge Offs for the Third Quarter Ended September 30, 2023

Third quarter 2023 earnings released: EPS: US$1.85 (vs US$2.62 in 3Q 2022)

the Gross Law Firm Notifies Shareholders of Comerica Incorporated of A Class Action Lawsuit

Comerica Incorporated Appoints Kristina Janssens as Senior Vice President and Chief Compliance Officer

Comerica Incorporated(NYSE:CMA) dropped from FTSE All-World Index (USD)

Upcoming dividend of US$0.71 per share at 6.1% yield

Rosen Law Firm Files Securities Class Action Lawsuit on Behalf of Comerica Incorporated Investors

Comerica Incorporated Announces Resignation of Jay K. Oberg as Senior Executive Vice President and Chief Risk Officer

Comerica Bank Announces Promotion of Brandon Jones to SVP External Affairs

Comerica Incorporated Announces Board and Committee Appointments

Second quarter 2023 earnings released: EPS: US$2.02 (vs US$1.95 in 2Q 2022)

Upcoming dividend of US$0.71 per share at 6.6% yield

Investor sentiment improves as stock rises 18%

Comerica Incorporated to Report Q2, 2024 Results on Jul 19, 2024

Comerica Incorporated Appoints Jenae Anderson as Colorado Market President

Investor sentiment improves as stock rises 18%

Investor sentiment deteriorates as stock falls 24%

First quarter 2023 earnings released: EPS: US$2.41 (vs US$1.39 in 1Q 2022)

Investor sentiment deteriorates as stock falls 15%

Upcoming dividend of US$0.71 per share at 4.1% yield

Insider recently sold US$164k worth of stock

Comerica Incorporated Announces Executive Promotions, Effective January 27, 2023

Full year 2022 earnings released: EPS: US$8.56 (vs US$8.44 in FY 2021)

Comerica Incorporated Provides Net Interest Income Guidance for the Year 2023

Comerica Incorporated Announces Board Resignation

Upcoming dividend of US$0.68 per share

Insider recently sold US$320k worth of stock

Insufficient new directors

Comerica Bank Appoints Andrew Raines as Senior Vice President, Retail Regional Director for the North Texas, Arizona and Florida Region

Comerica Incorporated Declares Quarterly Cash Dividend, Payable on Jan. 1, 2023

Third quarter 2022 earnings released: EPS: US$2.63 (vs US$1.92 in 3Q 2021)

Comerica Incorporated Unveils Plans for Business & Innovation Hub in Frisco, Texas

Upcoming dividend of US$0.68 per share

Comerica Incorporated Names Von E. Hays as Executive Vice President and Chief Legal Officer – General Counsel

Comerica Incorporated Announces Management Changes

Comerica Incorporated Appoints Joe Ursuy as Executive Vice President, National Businesses for Energy, Renewables, and Waste

Comerica Incorporated Names Corey Bailey as Executive Vice President, Head of Middle Market & Business Banking

Comerica Incorporated Appoints Allysun Fleming as New Executive Vice President, Payments

Comerica Incorporated Declares Quarterly Cash Dividend for Common Stock, Payable October 1, 2022

Second quarter 2022 earnings released: EPS: US$1.94 (vs US$2.36 in 2Q 2021)

Comerica Incorporated Announces Executive Appointments

Upcoming dividend of US$0.68 per share

Comerica Incorporated Appoints Dave Galbreath as Lead Comerica Bank's Florida Market

Comerica Incorporated Appoints Dave Galbreath as Lead Comerica Bank's Florida Market

Comerica Incorporated to Report Q3, 2023 Results on Oct 19, 2023

Comerica Incorporated Announces Management Changes

Comerica Incorporated Appoints Tory Sherman Senior Vice President, National Director of Sales and Execution for Wealth Management Division

Comerica Bank Announces Appointment of Matt Breight as Lead Renewable Energy Solutions

Comerica Incorporated Names Dharmesh Patel as Executive Vice President, Director, Retail Business Services

First quarter 2022 earnings released: EPS: US$1.39 (vs US$2.45 in 1Q 2021)