Company: CMA
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0000028412-25-000108
Chunk: 146

Company: COMERICA INC
Filing Date: 2025-02-24
Form: 10-K
Item: Item 8
Chunk 146
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6,882 463 6.73 5,847 378 6.47 2,818 87 3.07 Total interest-bearing sources46,538 1,749 3.75 48,201 1,661 3.43 36,717 206 0.56 Noninterest-bearing deposits25,082 30,882 42,018 Accrued expenses and other liabilities2,543 2,516 2,086 Shareholders’ equity6,405 5,595 6,451 Total liabilities and shareholders’ equity$80,568 $87,194 $87,272 Net interest income/rate spread $2,190 1.43 $2,514 1.65 $2,466 2.71 Impact of net noninterest-bearing sources of funds 1.45 1.41 0.31 Net interest margin (as a percentage of average earning assets)   2.88 %  3.06 %  3.02 %

(a)Interest income on commercial loans included net expense from cash flow swaps of $637 million, $602 million and $25 million for the years ended December 31, 2024, 2023 and 2022, respectively.

(b)The years ended December 31, 2023 and 2022 included residual value adjustments totaling $6 million and $3 million, which impacted the average lease financing yield by 81 basis points and 46 basis points, respectively, and impacted the average yield on loans by 1 basis point in both periods.

(c)Nonaccrual loans are included in average balances reported and in the calculation of average rates.

(d)Average balances included $2.8 billion, $2.9 billion and $1.8 billion of unrealized losses for the years ended December 31, 2024, 2023 and 2022, respectively; yields calculated gross of these unrealized gains and losses.

(e)Average balances included $47 million, $115 million and $117 million of unrealized losses for the years ended December 31, 2024, 2023 and 2022, respectively; yields calculated gross of these unrealized gains and losses.

(f)Average balances excluded $1 million, included $5 million and excluded $769 million of collateral posted and netted against derivative liability positions for