Company: CMA
Filing Date: 2025-07-30
Form Type: 10-Q
Source: 0000028412-25-000197
Chunk: 214

Company: COMERICA INC
Filing Date: 2025-07-30
Form: 10-Q
Item: Part I, Item 8
Chunk 214
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Loans$3$13$(10)(86)%Deposits 1,9224,077(2,155)(52)

Average deposits for the six months ended June 30, 2025, which primarily consisted of centrally-managed brokered time deposits fully insured by the FDIC, decreased $2.2 billion from the six months ended June 30, 2024. Net loss for the Finance and Other category was $322 million for the six months ended June 30, 2025, a decrease of $13 million from the six months ended June 30, 2024. Net interest expense increased $10 million, reflecting the impact of interest rate swaps (which are centrally managed) as well as increased balances from higher-cost funding sources. Noninterest income increased $15 million, primarily due to higher risk management hedging income (impact of BSBY cessation in the 2024 period), partially offset by a decrease in investment fees. Noninterest expenses increased $7 million, reflecting an increase in salaries and benefits expense, partially offset by lower consultant fees and higher corporate expenses allocated to other business lines.

The following table lists the Corporation's banking centers by geographic market. 

June 30,20252024Michigan143159Texas108114California8588Other Markets18 20 Total354 381 

FINANCIAL CONDITION

Second Quarter 2025 Compared to Fourth Quarter 2024

Period-End Balances

Total assets decreased $1.3 billion to $78.0 billion at June 30, 2025, compared to $79.3 billion at December 31, 2024, reflecting a $1.9 billion decrease in interest-bearing deposits with banks (primarily with the FRB), partially offset by an increase of $640 million in total loans. The growth in total loans included increases of $293 million in Environmental Services and $210 million in Corporate Banking, partially offset by a decrease of $284 million in Equity Fund Services. 

Total liabilities decreased $1.6 billion to $71.1 billion at June 30, 2025, compared to $72.8 billion at December 31, 2024, reflecting decreases of $2.1 billion in interest-bearing deposits, $1.7 billion in noninterest-bearing deposits and $911 million in medium- and long-term debt, partially offset by an increase of $2.9 billion in short-term borrowings (FHLB advances and Fed Funds). For additional