Company: CMA
Filing Date: 2025-10-28
Form Type: 10-Q
Source: 0000028412-25-000235
Chunk: 35

Company: COMERICA INC
Filing Date: 2025-10-28
Form: 10-Q
Item: Part I, Item 2
Chunk 35
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 products. Approximately 86% of loans in the Energy business line are Shared National Credits (SNC), which are facilities greater than or equal to $100 million shared by three or more federally supervised institutions, reflecting the Corporation's focus on larger middle market companies that have financing needs that generally exceed internal individual borrower credit risk limits. The Corporation seeks to develop full relationships with SNC borrowers. 

The following table summarizes information about loans in the Corporation's Energy business line.

September 30, 2025December 31, 2024(dollar amounts in millions)OutstandingsNonaccrualCriticized (a)OutstandingsNonaccrualCriticized (a)Exploration and production (E&P)$1,101 81  %$— $— $1,188 80  %$— $— Midstream262 19 — — 298 20 — — Total Energy business line$1,363 100  %$— $— $1,486 100  %$— $— 

(a)    Includes nonaccrual loans.

Loans in the Energy business line totaled $1.4 billion, or 3% of total loans, at September 30, 2025, a decrease of $123 million compared to December 31, 2024. Total exposure, including unused commitments to extend credit and letters of credit, was $3.5 billion at September 30, 2025 (a utilization rate of 37%) and $3.5 billion at December 31, 2024 (a utilization rate of 41%). There were no nonaccrual or criticized Energy loans at both September 30, 2025 and December 31, 2024. There were no Energy net charge-offs for the three-month periods ended September 30, 2025 and June 30, 2025, nor the nine months ended September 30, 2025, compared to net recoveries of $9 million for the nine months ended September 30, 2024.

 Leveraged Loans

Certain loans in the Corporation's commercial portfolio are considered leveraged transactions. These loans are typically used for mergers, acquisitions, business recapitalizations, refinancing and equity buyouts. To help mitigate the risk associated with these loans, the Corporation focuses on middle market companies with highly capable management teams, strong sponsors and solid track records of financial performance.