Company: CMA
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0000028412-25-000108
Chunk: 487

Company: COMERICA INC
Filing Date: 2025-02-24
Form: 10-K
Item: Item 16
Chunk 487
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7)(14)Nonaccrual loans sold(29)(5)Payments/other (b)(19)(75)Balance at end of period$308 $178 

(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.

There were 27 borrowers with a balance greater than $2 million, totaling $280 million, transferred to nonaccrual status in 2024, an increase of 11 borrowers compared to 16 borrowers totaling $94 million in 2023. For further information about the composition of loans transferred to nonaccrual status during 2024, refer to the nonaccrual information by industry category table below.

The following table presents the composition of nonaccrual loans by balance and the related number of borrowers at December 31, 2024 and 2023.

20242023(dollar amounts in millions)Number ofBorrowersBalanceNumber ofBorrowersBalanceUnder $2 million490 $68 457 $50 $2 million - $5 million18 64 11 35 $5 million - $10 million5 33 5 35 $10 million - $25 million6 112 4 58 Greater than $25 million1 31 — — Total 520 $308 477 $178 

F-23

The following table presents a summary of nonaccrual loans at December 31, 2024 and loans transferred to nonaccrual and net loan charge-offs (recoveries) for the year ended December 31, 2024, based on North American Industry Classification System categories.

December 31, 2024Year Ended December 31, 2024(dollar amounts in millions)Nonaccrual LoansLoans Transferred toNonaccrual (a)Net Loan Charge-Offs (Recoveries)Industry CategoryReal Estate & Home Builders$68 22 %$43 15 %$3 6 %Health Care & Social Assistance48 16 57 20 10 19 Residential Mortgage37 12 11 4 — — Information & Communication37