Company: CMA
Filing Date: 2025-10-28
Form Type: 10-Q
Source: 0000028412-25-000235
Chunk: 197

Company: COMERICA INC
Filing Date: 2025-10-28
Form: 10-Q
Item: Part I, Item 8
Chunk 197
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 31, 2024Parent companySubordinated notes:3.80% subordinated notes due 2026$247 $243 Medium- and long-term notes:4.00% notes due 2029535 519 5.982% notes due 20301,008 984 Total medium- and long-term notes1,543 1,503 Total parent company1,790 1,746 SubsidiariesSubordinated notes:4.00% subordinated notes due July 2025— 345 7.875% subordinated notes due 2026154 157 5.332% subordinated notes due 2033472 451 Total subordinated notes626 953 FHLB advances:5.07% advance due March 2025— 1,000 4.79% advance due 20261,000 997 4.49% advance due 20271,003 992 4.49% advance due 20281,003 985 Total FHLB advances3,006 3,974 Total subsidiaries3,632 4,927 Total medium- and long-term debt$5,422 $6,673 Fixed interest rates have been swapped to a variable rate and designated in a hedging relationship for all notes outstanding at both September 30, 2025 and December 31, 2024. Accordingly, carrying value has been adjusted to reflect the change in fair value of the debt as a result of changes in the benchmark rate. Subordinated notes with remaining maturities greater than one year qualify as Tier 2 capital.Comerica Bank (the Bank), a wholly-owned subsidiary of Comerica Incorporated, is a member of the FHLB, which provides short- and long-term funding to its members through advances collateralized by real estate-related assets. Borrowing capacity is contingent on the amount of collateral available to be pledged to the FHLB. At September 30, 2025, total FHLB 

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Table of ContentsNotes to Consolidated Financial Statements (unaudited)Comerica Incorporated and Subsidiaries

borrowings were $3.0 billion, with remaining capacity for future borrowing of $10.3 billion, secured by real estate-related loans totaling $22.0 billion and investment securities totaling $1.8 billion. Unamortized debt issuance costs deducted from the carrying amount of medium- and long-term debt totaled