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

Company: COMERICA INC
Filing Date: 2025-04-30
Form: 10-Q
Item: Part I, Item 2
Chunk 30
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31, 2025 and December 31, 2024. Additionally, there were no net charge-offs of dealer loans during the three months ended March 31, 2025, December 31, 2024, or March 31, 2024.

Automotive Lending - Production

The following table presents a summary of loans to borrowers involved with automotive production.

March 31, 2025December 31, 2024(in millions)LoansOutstandingPercent ofTotal LoansLoansOutstandingPercent ofTotal LoansProduction:Domestic$485 $499 Foreign251 265 Total production$736 1.5 %$764 1.5 %

Loans to borrowers involved with automotive production, primarily Tier 1 and Tier 2 suppliers, totaled $736 million at March 31, 2025 and $764 million at December 31, 2024. These borrowers have faced, and could face in the future, financial difficulties due to disruptions in auto production, issues with supply chains and logistics operations and impacts resulting from labor union strikes. As such, management continues to monitor this portfolio.

There were no nonaccrual loans to borrowers involved with automotive production at both March 31, 2025 and December 31, 2024. There were no automotive production loan net charge-offs during the three months ended March 31, 2025, December 31, 2024 or March 31, 2024.

Residential Real Estate Lending

At March 31, 2025, residential real estate loans represented 7 percent of total loans. The following table summarizes the Corporation's residential mortgage and home equity loan portfolios by geographic market.

March 31, 2025December 31, 2024(dollar amounts in millions)ResidentialMortgageLoans% ofTotalHomeEquityLoans% ofTotalResidentialMortgageLoans% ofTotalHomeEquityLoans% ofTotalGeographic market:Michigan$599 31 %$410 23 %$576 30 %$420 23 %California865 45 928 52 889 46 931 52 Texas266 14 365 20 273 14 365 20 Other Markets186 10 83 5 191 10 86 5 Total$1,916 100 %$1,786 100 %$1,