Comerica Incorporated (NYSE: CMA) reported second-quarter 2024 adjusted earnings per share of $1.53, beating the Zacks Consensus Estimate of $1.19. However, the bottom line plunged 25.4% from the prior-year quarter. Results benefited from increased loan demand and a strong capital position. Nil provisions recorded in the quarter were another supporting factor. However, a decline in net interest and fee income, along with increased expenses, was a major headwind. Probably due to these negative aspects, shares of the company lost more than 12% following the earnings release. Net income attributable to common shareholders was $200 million, down 24.8% from the year-ago quarter. Revenues Decline, Expenses Rise Total quarterly revenues were $824 million, down 10.8% year over year. However, the top line surpassed the consensus estimate of $812.8 million. Quarterly net interest income (NII) fell 14.2% on a year-over-year basis to $533 million. The net interest margin contracted 9 basis points year over year to 2.86%. Total non-interest income was $291 million, down 4% on a year-over-year basis. The decrease was primarily due to a decline in card fees, fiduciary income, and other non-interest income. Non-interest expenses totaled ...