Company: CMA
Filing Date: 2025-04-30
Form Type: 10-Q
Source: 0000028412-25-000154
Chunk: 162

Company: COMERICA INC
Filing Date: 2025-04-30
Form: 10-Q
Item: Part I, Item 8
Chunk 162
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 experiencing financial difficulty whose terms had been restructured at March 31, 2025 and December 31, 2024.16

Table of ContentsNotes to Consolidated Financial Statements (unaudited)Comerica Incorporated and SubsidiariesThe following table summarizes the financial impacts of loan modifications made during the three-month periods ended March 31, 2025 and 2024.Weighted-Average Term Extension (in months)Weighted-Average Interest Rate ReductionThree Months Ended March 31, 2025Business loans:Commercial16.1 — %Commercial mortgage:Commercial Real Estate business line (a)21.0 — Other business lines (b)17.4 — Total commercial mortgage20.1 — Total business loans18.1 — Retail loans:Consumer:Home equity— (3.24)Total consumer— (3.24)Total retail loans— (3.24)Total loans18.1 (3.24)%Three Months Ended March 31, 2024Business loans:Commercial9.8 (1.11)%Commercial mortgage:Other business lines (b)12.4 — Total commercial mortgage12.4 — International12.7 — Total business loans10.0 (1.11)Retail loans:Consumer:Home equity117.5 (3.11)Total consumer117.5 (3.11)Total retail loans117.5 (3.11)Total loans11.1 (1.40)%(a)Primarily loans to real estate developers.(b)Primarily loans secured by owner-occupied real estate.On an ongoing basis, the Corporation monitors the performance of modified loans related to their restructured terms. Of the loans restructured during the three-month period ended March 31, 2025, $3 million were past due, compared to all being current under modified terms at March 31, 2024. Nonperforming restructured loans are classified as nonaccrual loans and are individually evaluated for the allowance for loan losses.For restructured loans, a subsequent payment default is defined in terms of delinquency, when a principal or interest payment is 90 days past due or classified into nonaccrual status during the reporting period. Of the loans restructured during the twelve-month period ended March 31, 2025, there were no loans that subsequently defaulted at March 31, 2025,