Comerica Management
Management criteria checks 4/4
Comerica's CEO is Curt Farmer, appointed in Apr 2015, has a tenure of 9.67 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 $15.23M. The average tenure of the management team and the board of directors is 3.7 years and 6.8 years respectively.
Key information
Curt Farmer
Chief executive officer
US$7.7m
Total compensation
| CEO salary percentage | 13.9% |
| CEO tenure | 9.7yrs |
| CEO ownership | 0.2% |
| Management average tenure | 3.7yrs |
| Board average tenure | 6.8yrs |
Recent management updates
Recent updates
Comerica: Too Much Optimism Given Deposit Headwinds (Downgrade)
Nov 15Comerica's (NYSE:CMA) Dividend Will Be $0.71
Nov 09
Comerica: One Of The Banks To Own In Falling Interest Rate Environment
Sep 04Comerica (NYSE:CMA) Will Pay A Dividend Of $0.71
Aug 19Comerica (NYSE:CMA) Is Paying Out A Dividend Of $0.71
Jul 28Comerica: Ongoing Deposit Pressure In Q2 Limits Upside
Jul 20Comerica: High Dividend Yield Is Not Enough To Buy
Jun 27Comerica's (NYSE:CMA) Dividend Will Be $0.71
May 13Comerica (NYSE:CMA) Is Due To Pay A Dividend Of $0.71
Apr 26Comerica: Higher For Longer Rates Are Challenging (Rating Downgrade)
Apr 02Comerica's (NYSE:CMA) Dividend Will Be $0.71
Mar 02Comerica 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 04Comerica: 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 08Differentiated 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 04CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | US$535m |
| Jun 30 2024 | n/a | n/a | US$602m |
| 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 about average for companies of similar size in the US market ($USD8.00M).
Compensation vs Earnings: Curt's compensation has been consistent with company performance over the past year.
CEO
Curt Farmer (61 yo)
9.7yrs
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 | 9.7yrs | US$7.72m | 0.19% $ 15.2m | |
| CFO & Senior EVP | 5.3yrs | US$2.81m | 0.037% $ 2.9m | |
| Senior EVP & COO | 4.8yrs | US$1.96m | 0.030% $ 2.4m | |
| Senior EVP & Chief Administrative Officer | 1.9yrs | US$2.06m | 0.034% $ 2.7m | |
| Senior EVP & Chief Banking Officer | 6.4yrs | US$2.52m | 0.041% $ 3.3m | |
| Executive VP | 6.9yrs | no data | 0.0086% $ 693.3k | |
| Executive VP & Chief Information Officer | less than a year | no data | 0.012% $ 995.8k | |
| Senior VP & Director of Investor Relations | 1.7yrs | no data | no data | |
| Senior Executive VP | 2.6yrs | no data | 0.014% $ 1.1m | |
| Senior VP & Chief Compliance Officer | 1.3yrs | 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 |
3.7yrs
Average Tenure
52yo
Average Age
Experienced Management: CMA's management team is considered experienced (3.7 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 6.4yrs | US$7.72m | 0.19% $ 15.2m | |
| Independent Director | 18yrs | US$302.57k | 0.0038% $ 305.6k | |
| Independent Director | 24.4yrs | US$225.07k | 0.011% $ 898.4k | |
| Independent Director | 1.8yrs | US$216.55k | no data | |
| Independent Director | 16.6yrs | US$235.07k | 0.013% $ 1.1m | |
| Independent Director | 8.3yrs | US$264.86k | 0.0038% $ 305.6k | |
| Independent Director | 1.8yrs | US$208.16k | no data | |
| Independent Director | 16.3yrs | US$225.07k | no data | |
| Independent Facilitating Director | 7.3yrs | US$272.57k | no data | |
| Independent Director | 1.4yrs | US$188.23k | no data | |
| Independent Director | 2.9yrs | US$225.07k | no data | |
| Independent Director | 1.4yrs | US$165.73k | no data |
6.8yrs
Average Tenure
61.5yo
Average Age
Experienced Board: CMA's board of directors are considered experienced (6.8 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/23 23:28 |
| End of Day Share Price | 2024/12/23 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
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Analyst Sources
Comerica Incorporated is covered by 60 analysts. 19 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Kevin Heal | Argus Research Company |
| David George | Baird |
| Jason Goldberg | Barclays |