Company: CMA
Filing Date: 2025-04-30
Form Type: 10-Q
Source: 0000028412-25-000154
Chunk: 187

Company: COMERICA INC
Filing Date: 2025-04-30
Form: 10-Q
Item: Part I, Item 8
Chunk 187
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 million for the three months ended December 31, 2024, driven by an increase in noninterest income, which reflected a fourth quarter 2024 loss related to repositioning the Corporation's securities portfolio that did not reoccur in the first quarter of 2025, and a decrease in noninterest expenses. Provision for income taxes increased $6 million, which included a reduction in favorable discrete items and higher pre-tax income. Net income per diluted common share for the three months ended March 31, 2025 was $1.25 compared to net income per diluted common share of $1.22 for the three months ended December 31, 2024, an increase of $0.03 per diluted common share.

34

Analysis of Net Interest Income

Three Months EndedMarch 31, 2025December 31, 2024(dollar amounts in millions)AverageBalanceInterestAverageRateAverageBalanceInterestAverageRateCommercial loans (a)$26,112 $368 5.72 %$26,198 $372 5.65 %Real estate construction loans3,479 64 7.47 3,765 75 7.89 Commercial mortgage loans14,731 240 6.60 14,728 257 6.95 Lease financing727 10 5.69 752 11 5.90 International loans1,004 16 6.67 988 18 7.26 Residential mortgage loans1,920 20 4.09 1,921 17 3.62 Consumer loans2,241 41 7.37 2,265 45 7.80 Total loans (b)50,214 759 6.13 50,617 795 6.25 Mortgage-backed securities (c)13,702 95 2.33 14,075 96 2.30 U.S. Treasury securities (d)1,281 14 4.21 1,319 4 1.32 Total investment securities 14,983 109 2.46 15,394 100 2.22 Interest-bearing deposits with banks (e)4,806 53 4.36 5,695 68 4.71 Other short-term investments375 3 3.37 366 4 3.73 Total earning assets70,378