Company: CMA
Filing Date: 2025-04-30
Form Type: 10-Q
Source: 0000028412-25-000154
Chunk: 203

Company: COMERICA INC
Filing Date: 2025-04-30
Form: 10-Q
Item: Part I, Item 8
Chunk 203
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 comprehensive income, net of tax:Investment securities$254 Cash flow hedges211 Defined benefit and other postretirement plans1 Total other comprehensive income, net of tax466 Net issuance of common stock under employee stock plans(7)Share-based compensation27 Balance at March 31, 2025 $7,052 

The following table summarizes the Corporation's repurchase activity during the three months ended March 31, 2025.

(shares in thousands)Total Number of Shares Purchased as Part of Publicly Announced Repurchase Plans or ProgramsRemaining ShareRepurchaseAuthorization (a)Total Numberof SharesPurchased (b)Average PricePaid Per ShareJanuary 1 - 31, 2025— 13,498 2 $61.75 February 1 - 28, 2025747 12,751 753 65.83 March 1 - 31, 2025— 12,751 — — Total first quarter 2025747 12,751 755 $65.82 

(a)Maximum number of shares of common stock that may be repurchased under the publicly announced plans or programs.

(b)Consists of approximately 8,000 shares of common stock purchased related to deferred compensation plans during the three months ended March 31, 2025 and is not considered part of the Corporation's repurchase program.

 On January 22, 2025, the Corporation announced that it intended to repurchase $50 million of common stock during the first quarter of 2025, and on February 3, 2025, the Corporation entered into an Accelerated Share Repurchase transaction (ASR) to repurchase $50 million shares of common stock, which was completed in the first quarter of 2025. A total of 747.3 thousand shares were repurchased under the ASR during the first quarter of 2025.

Since the inception of the share repurchase program in 2010, a total of 107.2 million shares of common stock have been authorized for repurchase. There is no expiration date for the share repurchase program, which may be effectuated through open market repurchases, privately negotiated transactions, structured repurchase agreements with third parties and/or otherwise, including utilizing Rule 10b5-1 plans. The repurchased shares may be held as treasury stock or retired. The timing and actual amount of additional share rep