Comerica Inc. (CMA) reported first-quarter net income attributable to common shares of $132 million or $0.70 per share, up from $129 million or $0.66 per share in the same quarter of last year. Analysts polled by Thomson Reuters expected the company to report earnings of $0.68 per share for the quarter. Analysts' estimates typically exclude special items.
Net interest income for the quarter declined to $416 million from $442 million in the prior year quarter. Total non-interest income was $200 million, down from $206 million in year ago quarter.
For full-year 2013, the company expects continued growth in average loans at a slower pace, with economic uncertainty impacting demand and a continued focus on maintaining pricing and structure discipline in a competitive environment.
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