Company: CMA
Filing Date: 2025-07-30
Form Type: 10-Q
Source: 0000028412-25-000197
Chunk: 212

Company: COMERICA INC
Filing Date: 2025-07-30
Form: 10-Q
Item: Part I, Item 8
Chunk 212
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5 decreased $810 million from the six months ended June 30, 2024, which included decreases in National Dealer Services, Corporate Banking and Commercial Real Estate, partially offset by an increase in Environmental Services. Average deposits increased $816 million for the same period, which included increases in general Middle Market, Commercial Real Estate and Equity Fund Services, partially offset by a decrease in Technology and Life Sciences. 

The Commercial Bank's net income was $481 million for the six months ended June 30, 2025, a decrease of $71 million from the six months ended June 30, 2024. Net interest income decreased $17 million due to lower income on loans, partially offset by lower allocated net FTP charges. The provision for credit losses increased $63 million, reflecting increases in Commercial Real Estate and general Middle Market, partially offset by a decrease in Corporate Banking. Net charge-offs increased $29 million to $51 million, driven by Commercial Real Estate, Energy and general Middle Market. Noninterest income decreased $9 million, primarily due to lower card fees and a $5 million negotiated vendor payment received in the 2024 period, partially offset by an increase in capital markets income. Noninterest expenses decreased $6 million, primarily reflecting a reduction in FDIC insurance expense (related to special assessment) as well as 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,