Company: CMA
Filing Date: 2025-07-30
Form Type: 10-Q
Source: 0000028412-25-000197
Chunk: 15

Company: COMERICA INC
Filing Date: 2025-07-30
Form: 10-Q
Item: Part I, Item 2
Chunk 15
---
 a net benefit from settlements and dismissed litigation, partially offset by higher allocated corporate expenses. 

47

Retail Bank

Six Months Ended June 30,PercentChange(dollar amounts in millions)20252024ChangeEarnings summary:Net interest income$499 $404 $95 24 %Provision for credit losses(7)— (7)n/mNoninterest income52 61 (9)(18)Noninterest expenses347 358 (11)(3)Provision for income taxes50 22 28 n/mNet income$161 $85 $76 91 %Net charge-offs$3 $2 $1 47 Selected average balances:Loans $2,394 $2,309 $85 4 %Deposits23,539 24,487 (948)(4)

n/m - not meaningful

Average loans for the six months ended June 30, 2025 increased $85 million from the six months ended June 30, 2024, while average deposits decreased $948 million for the same period. The Retail Bank's net income was $161 million for the six months ended June 30, 2025, an increase of $76 million from the six months ended June 30, 2024. Net interest income increased $95 million, primarily due to lower interest expense and higher FTP crediting rates on deposits. Noninterest income decreased $9 million, as other noninterest income for the 2025 period included a $4 million loss on the Visa derivative, while other noninterest income for the 2024 period included a $6 million gain on the Visa derivative. Noninterest expenses decreased $11 million, primarily driven by lower FDIC insurance expense (related to special assessment).

Wealth Management

Six Months Ended June 30,PercentChange(dollar amounts in millions)20252024ChangeEarnings summary:Net interest income$95 $94 $1 1 %Provision for credit losses(7)(1)(6)n/mNoninterest income147 143 4 3 Noninterest expenses182 185 (3)(1)Provision for income taxes16 11 5 36 Net income$51 $42 $9 24 %Net charge-offs$— $1 $(1)n/mSelected average balances:Loans $5,044 $5,089 $(45)(1)%Deposits3,598 3