BRIEF-Comerica Inc - Qtrly Average Deposits $65.3 Million Versus $67.8 Million As Reported Last Year

Reuters04-18

April 18 (Reuters) - Comerica Inc :

* COMERICA INC - QTRLY AVERAGE DEPOSITS $ 65,310 MILLION VERSUS $67,833 MILLION AS REPORTED LAST YEAR

* COMERICA INC: SEES 2024 NET INTEREST INCOME DOWN 11%

* COMERICA INC: SEES Q2 NET INTEREST INCOME -2%, OR -1% EXCLUDING NON- CASH BSBY IMPACT VERSUS Q1 2024

* COMERICA INC: SEES 2024 AVERAGE DEPOSITS DOWN 2 TO 3% FULL YEAR AVERAGE

* COMERICA INC: SEES Q2 AVERAGE DEPOSITS -2 TO -3% VERSUS Q1 2024

* COMERICA INC: NET INTEREST INCOME SWAP & SECURITIES ATTRITION EXPECTED TO CREATE TAILWIND INTO 2025

* COMERICA INC: DECREASES OF $96 MILLION IN FDIC INSURANCE EXPENSE IN QUARTER

* COMERICA INC: PROJECT 14 BPS POINT TO POINT HIGHER YIELD & $1.3 BILLION LOWER NOTIONAL FROM 1Q24 TO 4Q25; LESSENS PRESSURE ON NII

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