Company: CMA
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0000028412-25-000108
Chunk: 84

Company: COMERICA INC
Filing Date: 2025-02-24
Form: 10-K
Item: Item 1
Chunk 84
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)PercentChangeYears Ended December 3120242023ChangeAverage Loans By Business Line:General Middle Market$11,503 $12,568 $(1,065)(8)%National Dealer Services5,623 5,775 (152)(3)Environmental Services2,519 2,366 153 6 Equity Fund Services1,753 3,001 (1,248)(42)Energy1,402 1,480 (78)(5)Entertainment1,144 1,153 (9)(1)Technology and Life Sciences716 865 (149)(17)Total Middle Market24,660 27,208 (2,548)(9)Commercial Real Estate10,329 9,085 1,244 14 Corporate Banking5,438 6,044 (606)(10)Business Banking3,140 3,150 (10)— Mortgage Banker Finance17 945 (928)(98)Total Commercial Bank 43,584 46,432 (2,848)(6)Total Retail Bank 2,335 2,237 98 4 Total Wealth Management 5,050 5,232 (182)(3)Total Finance and Other10 2 8 n/mTotal loans$50,979 $53,903 $(2,924)(5)%

n/m - not meaningful

Average total loans decreased $2.9 billion to $51.0 billion in 2024, compared to $53.9 billion in 2023. Middle Market business lines, which generally serve customers with annual revenue between $30 million and $500 million, decreased by $2.5 billion, including a $1.2 billion decrease in Equity Fund Services and a $1.1 billion decrease in general Middle Market. Mortgage Banker Finance, which provided short-term, revolving lines of credit to mortgage banking companies, decreased by $928 million, reflecting the Corporation's strategic exit from this line of business. Corporate Banking, which generally serves customers with revenue over $500 million, declined $606 million. These decreases were partially offset by a $1.2 billion increase in Commercial Real Estate, which generally serves real estate developers and investors.

Investment Securities

(in millions)PercentChangeDecember 3120242023ChangeU.S. Treasury securities$1,277 $1,605 $(328)(