Company: CMA
Filing Date: 2025-07-30
Form Type: 10-Q
Source: 0000028412-25-000197
Chunk: 223

Company: COMERICA INC
Filing Date: 2025-07-30
Form: 10-Q
Item: Part I, Item 8
Chunk 223
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2024 Annual Report.

Nonperforming Assets

Nonperforming assets include loans on nonaccrual status and foreclosed assets. The following table presents a summary of nonperforming assets and past due loans.

(dollar amounts in millions)June 30, 2025December 31, 2024Total nonperforming loans$248 $308 Foreclosed property1 — Total nonperforming assets249308 Nonperforming loans as a percentage of total loans0.48  %0.61  %Nonperforming assets as a percentage of total loans and foreclosed property0.49 0.61 Loans past due 90 days or more and still accruing$42 $44 

Nonperforming assets decreased $59 million to $249 million at June 30, 2025 from $308 million at December 31, 2024, which included decreases of $66 million in nonaccrual business loans and $6 million in nonaccrual retail loans. Nonperforming loans were 0.48% of total loans at June 30, 2025, compared to 0.61% at December 31, 2024. For further information regarding the composition of nonperforming loans, refer to Note 4 to the consolidated financial statements.

The following table presents a summary of changes in nonaccrual loans.

Three Months Ended(in millions)June 30, 2025March 31, 2025December 31, 2024Balance at beginning of period$301 $308 $250 Loans transferred to nonaccrual (a)19 43 97 Nonaccrual loan gross charge-offs(31)(32)(23)Loans transferred to accrual status (a)— — (5)Nonaccrual loans sold— (1)(1)Payments/other (b)(41)(17)(10)Balance at end of period$248 $301 $308 

(a)Based on an analysis of nonaccrual loans with book balances greater than $2 million.

(b)Includes net changes related to nonaccrual loans with balances less than or equal to $2 million, payments on nonaccrual loans with book balances greater than $2 million and transfers of nonaccrual loans to foreclosed property.

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There were eight borrowers with a balance greater than $2 million, totaling $19 million, transferred to non