Comerica Incorporated announced earnings results for the fourth quarter ended December 31, 2018. For the fourth quarter, the company announced net interest income was USD 614 million compared to USD 545 million a year ago. Net income was USD 310 million compared to USD 112 million a year ago. Basic earnings per share was USD 1.91 compared to USD 0.65 a year ago. Diluted earnings per share was USD 1.88 compared to USD 0.63 a year ago.

For the full year, net interest income was USD 2,352 million compared to USD 2,061 million a year ago. Net income was USD 1,235 million compared to USD 743 million a year ago. Basic earnings per share was USD 7.31 compared to USD 4.23 a year ago. Diluted earnings per share was USD 7.2 compared to USD 4.14 a year ago.

For full-year 2019 compared to full-year 2018 reported results, management expects growth in net interest income of 4% to 5% from the full-year net benefit of higher interest rates (USD 130 million to USD 150 million), growth in average loans and repositioning the securities portfolio, partially offset by higher average debt and lower interest recoveries.

For the quarter, the company's net credit-related charge-offs were USD 11 million against USD 16 million a year ago.