Comerica reports Q1 EPS $2.39, consensus $2.29

Reports Q1 CET1 capital ratio 10.09%. Reports Q1 NIM 3.57%, NII $708M. "Today we reported first quarter earnings per share of $2.39, balancing the benefits of strong loan growth, a favorable rate environment, robust fee income and excellent credit performance with the impact of incremental funding costs on net interest income," said Curtis C. Farmer, Comerica Chairman and CEO. "Beyond our strong financial results, I am incredibly proud of Comerica’s successful navigation of the disruption recently experienced across the banking industry."