Company: CMA
Filing Date: 2025-04-30
Form Type: 10-Q
Source: 0000028412-25-000154
Chunk: 16

Company: COMERICA INC
Filing Date: 2025-04-30
Form: 10-Q
Item: Part I, Item 2
Chunk 16
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impact of BSBY cessation in the 2024 period), partially offset by a decrease in investment fees. Noninterest expenses decreased $10 million, reflecting decreases in consulting fees and allocated corporate expenses, partially offset by higher salaries and benefits expense.

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

March 31,20252024Michigan158176Texas114116California8892Other Markets20 24 Total380 408 

FINANCIAL CONDITION

First Quarter 2025 Compared to Fourth Quarter 2024

Period-End Balances

Total assets decreased $1.7 billion to $77.6 billion at March 31, 2025, compared to $79.3 billion at December 31, 2024, reflecting a $1.2 billion decrease in interest-bearing deposits with banks (primarily with the FRB) and a $627 million decrease in total loans, which included decreases of $438 million in Equity Fund Services and $185 million in National Dealer Services. 

Total liabilities decreased $2.2 billion to $70.6 billion at March 31, 2025, compared to $72.8 billion at December 31, 2024, reflecting decreases of $1.3 billion in noninterest-bearing deposits ($1.1 billion of which was related to timing of disbursements within the Direct Express government card program), $1.0 billion in interest-bearing deposits and $940 million in medium- and long-term debt, partially offset by an increase of $1.2 billion in short-term borrowings (federal funds purchased and FHLB advances). For additional information regarding deposits, refer to "Deposit Concentrations and Uninsured Deposits" under the "Market Risk" subheading in the "Risk Management" section of this financial review. Total shareholders' equity increased $509 million, primarily reflecting a decrease in accumulated unrealized losses on investment securities available-for-sale and cash flow hedges.

44

Average Balances

Total assets decreased $1.7 billion to $77.6 billion for the three months ended March 31, 2025, compared to the three months ended December 31, 2024, driven by decreases of $889 million in interest-bearing deposits with banks, $411 million in investment securities and $403 million in total loans. The following table provides information about the change in the Corporation's average loan portfolio by loan type.

Three Months EndedPercentChange(dollar amounts in millions)March 31,