Five of six major Midwest banking companies that reported results on Thursday boosted profits while roughly matching or improving profitability. Loan growth and firming credit quality generally offset margin declines and fee revenue setbacks.

In Michigan, Comerica Inc. boosted net income 18.5%, to $99.2 million, but said its return on assets was flat at 1.25%. Detroit rival NBD Bancorp posted a 10.25% earnings increase, to $135.2 million, while nudging its ROA up by 1 basis point, to 1.24%.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.