Company: CMA
Filing Date: 2025-10-28
Form Type: 10-Q
Source: 0000028412-25-000235
Chunk: 54

Company: COMERICA INC
Filing Date: 2025-10-28
Form: 10-Q
Item: Part I, Item 1
Chunk 54
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 expenses payable(173)(188)Other, net(91)432 Net cash provided by operating activities479 955 INVESTING ACTIVITIESInvestment securities available-for-sale:Maturities and redemptions1,134 1,524 Purchases(190)(130)Net change in loans(428)1,561 Proceeds from sales of foreclosed property and other bank property18 — Net increase in premises and equipment(66)(118)Federal Home Loan Bank stock:Purchases(123)(551)Redemptions164 697 Proceeds from bank-owned life insurance settlements10 26 Other, net1 (1)Net cash provided by investing activities520 3,008 FINANCING ACTIVITIESNet change in:Deposits(1,206)(3,705)Short-term borrowings— (3,565)Medium- and long-term debt:Maturities and redemptions(1,350)(500)Issuances and advances— 1,000 Preferred stock:Issuance392 — Cash dividends paid(17)(17)Common stock:Repurchases(302)— Stock tendered for payment of withholding taxes(14)(13)Cash dividends paid(276)(278)Issuances under employee stock plans10 5 Other, net(1)1 Net cash used in financing activities(2,764)(7,072)Net decrease in cash and cash equivalents(1,765)(3,109)Cash and cash equivalents at beginning of period6,804 9,502 Cash and cash equivalents at end of period$5,039 $6,393 Interest paid$1,137 $1,489 Income taxes paid62 77 

See notes to consolidated financial statements (unaudited).

4

NOTE 1 - BASIS OF PRESENTATION AND ACCOUNTING POLICIES

OrganizationThe accompanying unaudited consolidated financial statements were prepared in accordance with United States (U.S.) generally accepted accounting principles (GAAP) for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, the statements do not include all of the information and footnotes required by GAAP for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation were included. The results of operations for the nine months ended September 30, 2025 are not necessarily