Company: CMA
Filing Date: 2025-10-28
Form Type: 10-Q
Source: 0000028412-25-000235
Chunk: 39

Company: COMERICA INC
Filing Date: 2025-10-28
Form: 10-Q
Item: Part I, Item 2
Chunk 39
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-rate loan swap portfolio at September 30, 2025.

Variable-Rate Loan Swaps(dollar amounts in millions)Notional AmountWeighted Average YieldYears to MaturitySwaps under contract at September 30, 2025 (a)$22,850 2.58%2.5 

(a)Years to maturity calculated from a starting date of September 30, 2025.

The analysis also includes interest rate swaps that convert $5.5 billion of fixed-rate medium- and long-term debt and FHLB advances to variable rates through fair value hedges. Additionally, included in this analysis are $16.0 billion of loans that were subject to an average interest rate floor of 52 basis points at September 30, 2025. This base-case net interest income is then compared against interest rate scenarios in which short-term rates rise or decline 100 or 200 basis points (with a floor of 0%) in a linear, non-parallel fashion from the base case over 12 months, resulting in an average change of 50 or 100 basis points over the period.

The table below, as of September 30, 2025 and December 31, 2024, displays the estimated impact on net interest income during the next 12 months by relating the base case scenario results to those from the rising and declining rate scenarios described above.

Estimated Annual ChangeSeptember 30, 2025December 31, 2024(dollar amounts in millions)Amount%Amount%Change in Interest Rates:Change in Interest Rates:Rising 100 basis points$(20)(1) %Rising 100 basis points$(26)(1) %(50 basis points on average)(50 basis points on average)Declining 100 basis points3 — Declining 100 basis points12 1 (50 basis points on average)(50 basis points on average)Rising 200 basis points(55)(2)Rising 200 basis points(67)(3)(100 basis points on average)(100 basis points on average)Declining 200 basis points(5)— Declining 200 basis points12 1 (100 basis points on average)(100 basis points on average)

The negative sensitivity to rising rate scenarios and positive sensitivity to declining rate scenarios was reduced from December 31, 2024 to September 30, 2025 due largely to maturities of cash flow swaps.

At September 30, 2025, additional sensitivity scenarios