Company: CMA
Filing Date: 2025-10-28
Form Type: 10-Q
Source: 0000028412-25-000235
Chunk: 20

Company: COMERICA INC
Filing Date: 2025-10-28
Form: 10-Q
Item: Part I, Item 2
Chunk 20
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,969 32,045 1,924 6 Savings deposits2,051 2,142 (91)(4)Customer certificates of deposit3,274 3,542 (268)(8)Other time deposits504 1,371 (867)(63)Foreign office time deposits14 25 (11)(43)Total deposits$62,735 $63,347 $(612)(1)%Short-term borrowings1,007 42 965 n/mMedium- and long-term debt5,512 6,698 (1,186)(18)Total borrowed funds$6,519 $6,740 $(221)(3)%

n/m - not meaningful

Increases of $1.3 billion in general Middle Market and $248 million in Equity Fund Services were partially offset by decreases of $643 million in Retail Banking and $404 million in Technology and Life Sciences, as well as smaller decreases in other business lines. Other time deposits, which consisted of brokered deposits, decreased $867 million from the three months ended December 31, 2024.

Short-term borrowings for the three months ended September 30, 2025 increased $965 million compared to the three months ended December 31, 2024, reflecting an increase in FHLB advances, while medium- and long-term debt decreased $1.2 billion to $5.5 billion, driven by the repayment of long-term FHLB advances in March 2025 and a subordinated note maturity in July 2025. 

52

Capital

The following table presents a summary of changes in total shareholders' equity for the nine months ended September 30, 2025.

(in millions)Balance at January 1, 2025$6,543 Net income547 Cash dividends declared on common stock(277)Cash dividends declared on preferred stock(11)Purchase of common stock(302)Issuance of preferred stock392 Redemption of preferred stock(400)Other comprehensive income, net of tax:Investment securities$521 Cash flow hedges375 Defined benefit and other postretirement plans4 Total other comprehensive income, net of tax900 Net issuance of common stock under employee stock plans1 Share-based compensation36 Balance at September 30, 2025 $7,429 

On August 11, 2025, the Corporation issued and sold 400,000 shares of 6.