Company: CMA
Filing Date: 2025-07-30
Form Type: 10-Q
Source: 0000028412-25-000197
Chunk: 16

Company: COMERICA INC
Filing Date: 2025-07-30
Form: 10-Q
Item: Part I, Item 2
Chunk 16
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,925 (327)(8)

n/m - not meaningful

Average loans for the six months ended June 30, 2025 decreased $45 million from the six months ended June 30, 2024, while average deposits decreased $327 million for the same period. Wealth Management's net income was $51 million for the six months ended June 30, 2025, an increase of $9 million from the six months ended June 30, 2024. Net interest income was relatively stable, while noninterest income increased $4 million, primarily due to higher investment fees. Noninterest expenses decreased $3 million, primarily driven by lower operational losses and consultant fees, partially offset by higher litigation-related expenses.

48

Finance & Other

Six Months Ended June 30,PercentChange(dollar amounts in millions)20252024ChangeEarnings summary:Net interest expense$(369)$(359)$(10)3 %Provision for credit losses(1)(1)—55 Noninterest income45301557 Noninterest expenses979077 Benefit for income taxes(98)(83)(15)17 Net loss$(322)$(335)$13(4)%Selected average balances:Loans$3$13$(10)(86)%Deposits 1,9224,077(2,155)(52)

Average deposits for the six months ended June 30, 2025, which primarily consisted of centrally-managed brokered time deposits fully insured by the FDIC, decreased $2.2 billion from the six months ended June 30, 2024. Net loss for the Finance and Other category was $322 million for the six months ended June 30, 2025, a decrease of $13 million from the six months ended June 30, 2024. Net interest expense increased $10 million, reflecting the impact of interest rate swaps (which are centrally managed) as well as increased balances from higher-cost funding sources. Noninterest income increased $15 million, primarily due to higher risk management hedging income (impact of BSBY cessation in the 2024 period), partially offset by a decrease in investment fees. Noninterest expenses increased $7 million, reflecting an increase in salaries and benefits expense, partially offset by lower consultant fees and higher corporate expenses allocated to other business lines.

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

June 30,20252024Michigan143159Texas108114California8588Other Markets18 20