Company: CMA
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0000028412-25-000108
Chunk: 519

Company: COMERICA INC
Filing Date: 2025-02-24
Form: 10-K
Item: Item 16
Chunk 519
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 — — — 694 — — 694 Cash dividends declared on common stock ($2.84 per share)— — — — — (375)— (375)Cash dividends declared on preferred stock— — — — — (23)— (23)Net issuance of common stock under employee stock plans— 0.9 — (48)— (14)58 (4)Share-based compensation— — — 52 — — — 52 BALANCE AT DECEMBER 31, 2023$394 131.9 $1,141 $2,224 $(3,048)$11,727 $(6,032)$6,406 Cumulative effect of change in accounting principle (a)— — — — — (4)— (4)Net income— — — — — 698 — 698 Other comprehensive loss, net of tax— — — — (113)— — (113)Cash dividends declared on common stock ($2.84 per share)— — — — — (376)— (376)Cash dividends declared on preferred stock— — — — — (23)— (23)Purchase of common stock— (1.5)— (4)— — (96)(100)Net issuance of common stock under employee stock plans— 1.0 — (56)— (5)62 1 Share-based compensation— — — 54 — — — 54 BALANCE AT DECEMBER 31, 2024$394 131.4 $1,141 $2,218 $(3,161)$12,017 $(6,066)$6,543 

See notes to consolidated financial statements.

(a)Effective January 1, 2024, the Corporation adopted ASU 2023-02, which expanded the permitted use of the proportional amortization method to certain tax credit investments.

F-43

Table of ContentsCONSOLIDATED STATEMENTS OF CASH FLOWSComerica Incorporated and Subsidiaries

(in millions)Years Ended December 31202420232022OPERATING ACTIVITIESNet income$698 $881 $1,151 Adjustments to reconcile net income to