Company: CMA
Filing Date: 2025-07-30
Form Type: 10-Q
Source: 0000028412-25-000197
Chunk: 207

Company: COMERICA INC
Filing Date: 2025-07-30
Form: 10-Q
Item: Part I, Item 8
Chunk 207
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890 464 3.21 Savings deposits2,126 2 0.16 2,320 3 0.22 Customer certificates of deposit3,177 45 2.84 3,883 72 3.71 Other time deposits1,066 28 5.24 3,184 83 5.28 Foreign office time deposits29 — 3.74 23 — 4.39 Total interest-bearing deposits38,278 508 2.67 38,300 622 3.26 Federal funds purchased281 6 4.41 13 — 5.39 Other short-term borrowings487 11 4.45 1,611 46 5.65 Medium- and long-term debt6,112 180 5.87 6,992 241 6.88 Total interest-bearing sources45,158 705 3.13 46,916 909 3.88 Noninterest-bearing deposits23,291 25,883 Accrued expenses and other liabilities2,251 2,651 Shareholders’ equity6,850 5,962 Total liabilities and shareholders’ equity$77,550 $81,412 Net interest income/rate spread$1,150 1.98 $1,081 1.32 Impact of net noninterest-bearing sources of funds 1.19 1.51 Net interest margin (as a percentage of average earning assets)  3.17  %  2.83  %

(a)Interest income on commercial loans included net expense from cash flow swaps of $161 million and $344 million for the six months ended June 30, 2025 and 2024, respectively.

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

(c)Average balances included $2.7 billion and $3.0 billion of unrealized losses for the six months ended June 30, 2025 and 2024, respectively; yields calculated gross of these unrealized losses.

(d)Average balances included $3 million of unrealized gains and $64 million of unrealized losses for the six months ended June 30, 2025 and 2024, respectively; yields calculated gross of these unrealized gains and losses.

(e)Average balances excluded $10 million and $