Company: CMA
Filing Date: 2025-10-28
Form Type: 10-Q
Source: 0000028412-25-000235
Chunk: 75

Company: COMERICA INC
Filing Date: 2025-10-28
Form: 10-Q
Item: Part I, Item 1
Chunk 75
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 to their restructured terms. Of the loans restructured in the previous twelve months, $21 million of business loans and $1 million of retail loans were past due under modified terms at September 30, 2025, compared to $30 million of business loans and $1 million of retail loans at September 30, 2024. Nonperforming restructured loans are classified as nonaccrual loans and are individually evaluated for the allowance for loan losses.For modified loans, a subsequent payment default is defined in terms of delinquency, when a principal or interest payment is 90 days past due or classified into nonaccrual status during the reporting period. Of loans defaulted within twelve months of being modified, $18 million subsequently defaulted during each of the three- and nine-month periods ended September 30, 2025, compared to none for the three months ended September 30, 2024 and $7 million for the nine months ended September 30, 2024. 20

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

NOTE 5 - GOODWILL AND INTANGIBLES

The following table summarizes the carrying value of goodwill by reporting unit at September 30, 2025 and December 31, 2024.(in millions)September 30, 2025December 31, 2024Commercial Bank$473 $473 Retail Bank101 101 Wealth Management61 61 Total$635 $635 The annual test of goodwill impairment was performed as of the beginning of third quarter 2025. The Corporation first assessed qualitative factors to determine whether it was more likely than not that the fair value of any reporting unit was less than its carrying amount, including goodwill. Qualitative factors included economic conditions, industry and market considerations, cost factors, overall financial performance and performance of the Corporation's common stock, among other events and circumstances. At the conclusion of the qualitative assessment in third quarter 2025, the Corporation determined that it was more likely than not that the fair value of each reporting unit exceeded its carrying value.Analyzing goodwill includes consideration of various factors that involve a degree of uncertainty, including the impacts of monetary policy actions, foreign developments and unanticipated legislative or regulatory changes, among other factors, that could cause the fair value of one or more of the reporting units to fall below their carrying value, resulting in a goodwill impairment charge in the future. Any impairment charge would not affect the