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

Company: COMERICA INC
Filing Date: 2025-04-30
Form: 10-Q
Item: Part I, Item 2
Chunk 25
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ans past due 90 days or more and still accruing$12 $44 

Nonperforming assets decreased $7 million to $301 million at March 31, 2025 from $308 million at December 31, 2024, which included decreases of $5 million in nonaccrual business loans and $2 million in nonaccrual retail loans. Nonperforming loans were 0.60 percent of total loans at March 31, 2025, compared to 0.61 percent at December 31, 2024. For further information regarding the composition of nonperforming loans, refer to Note 4 to the consolidated financial statements.

The following table presents a summary of changes in nonaccrual loans.

Three Months Ended(in millions)March 31, 2025December 31, 2024Balance at beginning of period$308 $250 Loans transferred to nonaccrual (a)43 97 Nonaccrual loan gross charge-offs(32)(23)Loans transferred to accrual status (a)— (5)Nonaccrual loans sold(1)(1)Payments/other (b)(17)(10)Balance at end of period$301 $308 

(a)Based on an analysis of nonaccrual loans with book balances greater than $2 million.

(b)Includes net changes related to nonaccrual loans with balances less than or equal to $2 million, payments on nonaccrual loans with book balances greater than $2 million and transfers of nonaccrual loans to foreclosed property.

There were five borrowers with a balance greater than $2 million, totaling $43 million, transferred to nonaccrual status in first quarter 2025, compared to 11 borrowers totaling $97 million in fourth quarter 2024. For further information about the composition of loans transferred to nonaccrual during first quarter 2025, refer to the nonaccrual information by industry category table below.

49

The following table presents the composition of nonaccrual loans by balance and the related number of borrowers at March 31, 2025 and December 31, 2024.

March 31, 2025December 31, 2024(dollar amounts in millions)Number ofBorrowersBalanceNumber ofBorrowersBalanceUnder $2 million487 $70 490 $68 $2 million - $5 million16 54 18