Company: CMA
Filing Date: 2025-10-28
Form Type: 10-Q
Source: 0000028412-25-000235
Chunk: 200

Company: COMERICA INC
Filing Date: 2025-10-28
Form: 10-Q
Item: Part I, Item 8
Chunk 200
---
 and other postretirement plans adjustment, net of tax 4 4 Balance at end of period, net of tax $(364)$(396)Total accumulated other comprehensive loss at end of period, net of tax$(2,261)$(2,355)(a)The Corporation expects to reclassify $111 million of losses, net of tax, from accumulated other comprehensive loss to earnings over the next twelve months if interest yield curves and notional amounts remain at September 30, 2025 levels.

30

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

NOTE 11 - NET INCOME PER COMMON SHARE 

Basic and diluted net income per common share are presented in the following table.Three Months Ended September 30,Nine Months Ended September 30,(in millions, except per share data)2025202420252024Basic and dilutedNet income$176 $184 $547 $528 Less:Income allocated to participating securities1 1 3 3 Preferred stock dividends and other — 6 17 (a)17 Net income attributable to common shares$175 $177 $527 $508 Basic average common shares128 133 130 133 Basic net income per common share$1.36 $1.34 $4.05 $3.83 Basic average common shares128 133 130 133 Dilutive common stock equivalents:Net effect of the assumed exercise of stock awards2 1 1 1 Diluted average common shares130 134 131 134 Diluted net income per common share$1.35 $1.33 $4.01 $3.80 (a)Includes the impact of costs related to the preferred stock redemption. Refer to Note 9 for more information.The following average shares related to outstanding options to purchase shares of common stock that were not included in the computation of diluted net income per common share because the options were anti-dilutive for the period.Three Months Ended September 30,Nine Months Ended September 30,(average outstanding options in thousands)2025202420252024Average outstanding options926 1,488 1,535 1,800 Range of exercise prices $67.66 - $95.25$56.79 - $95.25$63.15 - $95.25$53.96 - $95.25

31