James Herzog

Chief Financial Officer & Senior EVice President, Comerica

Search every verified James Herzog interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. James Herzog, Chief Financial Officer and Senior Executive Vice President at Comerica, participated in the company's fourth quarter 2022 earnings call on January 19, 2023. During the call, he discussed the company's funding strategy, stating that Comerica aims to maintain a diversified funding mix and is using various efficient funding mechanisms while retaining capacity for future loan growth. He noted that the company planned to fund much of its loan growth in 2023 and, to the extent of deposit runoff, would use maturing securities, including mortgage-backed securities. Herzog also addressed credit quality and reserve levels, saying that the company's reserve was conservatively positioned and that, assuming no material deterioration in the economic forecast, reserve builds would align with loan growth. He mentioned that the baseline economic assumption included a mild recession. Additionally, he highlighted the importance of demand deposit accounts (DDAs) as a key variable affecting net interest income, estimating that a $1 billion movement in DDAs could create a $55 million drag in the current forward curve environment. He projected net interest income could hover in the mid-to-upper three percent range, leaning toward the upper end.