Company: CMA
Filing Date: 2025-04-30
Form Type: 10-Q
Source: 0000028412-25-000154
Chunk: 204

Company: COMERICA INC
Filing Date: 2025-04-30
Form: 10-Q
Item: Part I, Item 8
Chunk 204
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urchases are subject to various factors, including the Corporation's earnings generation, capital needs to fund future loan growth and market conditions.

The Corporation has a long-term Common Equity Tier 1 (CET1) capital ratio target of approximately 10 percent with capital deployment. At March 31, 2025, the Corporation's estimated CET1 capital ratio was 12.05 percent, up from 11.89 percent at December 31, 2024.

The following table presents the minimum ratios required.

Common equity tier 1 capital to risk-weighted assets4.5 %Tier 1 capital to risk-weighted assets6.0 Total capital to risk-weighted assets8.0 Capital conservation buffer (a)2.5 Tier 1 capital to adjusted average assets (leverage ratio)4.0 

(a)In addition to the minimum risk-based capital requirements, the Corporation is required to maintain a minimum capital conservation buffer, in the form of common equity, in order to avoid restrictions on capital distributions and discretionary bonuses.

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The Corporation's capital ratios exceeded minimum regulatory requirements as follows:

March 31, 2025December 31, 2024(dollar amounts in millions)Capital/AssetsRatioCapital/AssetsRatioCommon equity tier 1 (a), (b)$8,712 12.05 %$8,667 11.89 %Tier 1 risk-based (a), (b)9,106 12.60 9,061 12.43 Total risk-based (a) 10,402 14.39 10,363 14.21 Leverage (a) 9,106 11.36 9,061 11.08 Common shareholders' equity 6,658 8.58 6,149 7.75 Tangible common equity (b)6,017 7.82 5,508 7.00 Risk-weighted assets (a)72,283 72,903 

(a)    March 31, 2025 capital, risk-weighted assets and ratios are estimated.

(b)    See Supplemental Financial Data section for reconciliations of non-GAAP financial measures and regulatory ratios.

Common shareholders’ equity at March 31, 2025 included $2.7 billion in accumulated other comprehensive losses, with approximately $2.2 billion of those losses relating to balances recorded in total assets, comprised of valuation adjustments to available