Comerica Management
Management criteria checks 4/4
Comerica's CEO is Curt Farmer, appointed in Apr 2015, has a tenure of 5.75 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 $12.68M. The average tenure of the management team and the board of directors is 3 years and 11.6 years respectively.
Key information
Curt Farmer
Chief executive officer
US$7.7m
Total compensation
| CEO salary percentage | 13.9% |
| CEO tenure | 9yrs |
| CEO ownership | 0.2% |
| Management average tenure | 3yrs |
| Board average tenure | 11.6yrs |
Recent management updates
Recent updates
Comerica: Higher For Longer Rates Are Challenging (Rating Downgrade)
Apr 02Comerica's (NYSE:CMA) Dividend Will Be $0.71
Mar 02
Comerica Is Fairly Priced Relative To Peers
Jan 18Comerica: Holding Strong And Highly Liquid With 5% Dividend Yield, Despite Earnings Declines
Jan 08Comerica: Solid Yield, But No Longer A Bargain
Dec 01Stabilizing Deposits Make Comerica Attractive (Rating Upgrade)
Nov 04Comerica Incorporated: Macroeconomic Factors And Strategic Decisions Are Impacting Performance
Oct 25Comerica: Unfair Scrutiny Signals Buy
Oct 04With EPS Growth And More, Comerica (NYSE:CMA) Makes An Interesting Case
Sep 06Comerica: Maintain Strong Buy After Solid Q2 Results And Dividend Yield
Aug 30Comerica: Undemanding Valuation, But Not A Lot Of Positive Catalysts
Jul 21Comerica Bank Towering Above The Skyline, A Buying Potential
Jun 08Do Comerica's (NYSE:CMA) Earnings Warrant Your Attention?
May 14Differentiated Growth Not Enough To Push Comerica Ahead Of Peers
Feb 01Comerica names Megan Crespi new chief operating officer
Jan 25Comerica GAAP EPS of $2.58 beats by $0.03, revenue of $1.02B beats by $10M
Jan 19Comerica: A Nice Yield At A Great Price
Jan 04Comerica (NYSE:CMA) Will Pay A Dividend Of $0.68
Dec 11Comerica (NYSE:CMA) Has Announced A Dividend Of $0.68
Nov 12Comerica Q3 2022 Earnings Preview
Oct 18Comerica's (NYSE:CMA) Dividend Will Be $0.68
Sep 06Comerica's (NYSE:CMA) Dividend Will Be $0.68
Aug 23Comerica Could Be Assembling The Pieces For Better Long-Term Returns
Aug 19Comerica's (NYSE:CMA) Dividend Will Be $0.68
Jul 30Comerica Q2 2022 Earnings Preview
Jul 19Comerica (NYSE:CMA) Is Due To Pay A Dividend Of US$0.68
Jun 07Comerica: Rosy Outlook For The Top Line Appears Priced-In
May 31Comerica (NYSE:CMA) Has Re-Affirmed Its Dividend Of US$0.68
May 20CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| 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 about average for companies of similar size in the US market ($USD8.39M).
Compensation vs Earnings: Curt's compensation has been consistent with company performance over the past year.
CEO
Curt Farmer (60 yo)
9yrs
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 |
|---|---|---|---|---|
| Chairman | 9yrs | US$7.72m | 0.19% $ 12.7m | |
| CFO & Senior EVP | 4.6yrs | US$2.81m | 0.036% $ 2.4m | |
| Senior EVP & COO | 4.1yrs | US$1.96m | 0.030% $ 2.0m | |
| Senior Executive VP and Chief Administrative & Human Resources Officer | 1.3yrs | US$2.06m | 0.038% $ 2.5m | |
| Senior EVP & Chief Banking Officer | 5.8yrs | US$2.52m | 0.041% $ 2.7m | |
| Executive VP | 6.3yrs | no data | 0.0089% $ 591.9k | |
| Executive VP & Chief Information Officer | less than a year | no data | 0.015% $ 976.4k | |
| Senior VP & Director of Investor Relations | less than a year | no data | no data | |
| Senior Executive VP | 1.9yrs | no data | 0.013% $ 888.9k | |
| Senior VP & Chief Compliance Officer | less than a year | no data | no data | |
| Executive VP & Financial Intelligence Corporate Compliance Director | no data | no data | no data | |
| Executive Vice President of Legal Affairs | no data | US$1.51m | no data |
3.0yrs
Average Tenure
50yo
Average Age
Experienced Management: CMA's management team is considered experienced (3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 5.8yrs | US$7.72m | 0.19% $ 12.7m | |
| Independent Director | 17.3yrs | US$302.57k | 0.0038% $ 249.9k | |
| Independent Director | 23.8yrs | US$225.07k | 0.011% $ 734.4k | |
| Independent Director | 15.9yrs | US$231.25k | 0.013% $ 875.0k | |
| Independent Director | 15.6yrs | US$236.13k | 0.010% $ 690.7k | |
| Independent Director | 7.6yrs | US$264.86k | 0.0038% $ 249.9k | |
| Independent Director | 19.3yrs | US$231.25k | 0.0011% $ 72.9k | |
| Independent Director | 1.2yrs | US$208.16k | no data | |
| Independent Director | 15.6yrs | US$221.25k | no data | |
| Independent Facilitating Director | 6.6yrs | US$272.57k | no data | |
| Independent Director | 7.4yrs | US$277.57k | no data | |
| Independent Director | 2.3yrs | US$225.07k | no data |
11.6yrs
Average Tenure
63.5yo
Average Age
Experienced Board: CMA's board of directors are seasoned and experienced ( 11.6 years average tenure).