Comerica Incorporated reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2017. For the quarter, the company reported total interest income of $578 million compared to $484 million a year ago. Net interest income was $545 million compared to $455 million a year ago. Income before income taxes was $330 million compared to $226 million a year ago. Net income attributable to common shares was $112 million or $0.63 per diluted share compared to $163 million or $0.92 per diluted share a year ago. Return on average common shareholders' equity was 5.58% compared to 8.43% a year ago. Return on average assets was 0.62% compared to 0.88% a year ago. Adjusted ROA was 1.26% compared to 0.95% a year ago. Adjusted ROE was 11.24% compared to 9.11% a year ago.

For the year, the company reported total interest income of $2,182 million compared to $1,909 million a year ago. Net interest income was $2,061 million compared to $1,797 million a year ago. Income before income taxes was $1,234 million compared to $670 million a year ago. Net income attributable to common shares was $738 million or $4.14 per diluted share compared to $473 million or $2.68 per diluted share a year ago. Return on average common shareholders' equity was 9.34% compared to 6.22% a year ago. Return on average assets was 1.04% compared to 0.67% a year ago. Adjusted ROA was 1.19% compared to 0.75% a year ago. Adjusted ROE was 10.65% compared to 6.99% a year ago.

For the fourth quarter, the company reported net credit-related charge offs was $16 million compared to $36 million a year ago. Total loan charge-offs were $29 million against $48 million a year ago.

The company provided outlook for the full year of 2018. For full-year 2018 compared to full-year 2017, management expects the following, assuming a continuation of the current economic and low rate environment as well as approximately $270 million of benefits from the GEAR Up initiative: average loans higher in line with gross domestic product, reflecting increases in most lines of business while remaining stable in energy and corporate banking. Net interest income higher, reflecting full-year benefits from the 2017 rate increases and loan growth, full-year benefit from 2017 rate increases expected to be $110 million to $125 million, assuming a 20% to 40% deposit beta for the December rate increase, elevated interest recoveries of $28 million in 2017 not expected to repeat in 2018. Income tax expense to approximate 23% of pre-tax income with the passage of the tax cuts and jobs acts, assuming no tax impact from employee stock transactions.