Company: CMA
Filing Date: 2025-04-30
Form Type: 10-Q
Source: 0000028412-25-000154
Chunk: 108

Company: COMERICA INC
Filing Date: 2025-04-30
Form: 10-Q
Item: Part I, Item 1
Chunk 108
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 6,149 7.75 Tangible common equity (b)6,017 7.82 5,508 7.00 Risk-weighted assets (a)72,283 72,903 

(a)    March 31, 2025 capital, risk-weighted assets and ratios are estimated.

(b)    See Supplemental Financial Data section for reconciliations of non-GAAP financial measures and regulatory ratios.

Common shareholders’ equity at March 31, 2025 included $2.7 billion in accumulated other comprehensive losses, with approximately $2.2 billion of those losses relating to balances recorded in total assets, comprised of valuation adjustments to available-for-sale securities and pension assets, as well as related deferred tax assets. These amounts impacted the common shareholders’ equity ratio at March 31, 2025 by 314 basis points; the impact on the tangible common equity ratio using the same calculation method was 319 basis points. Average common shareholders' equity and return on average common shareholders' equity for the three months ended March 31, 2025 was $6.4 billion and 10.60 percent, respectively, compared to $6.3 billion and 10.27 percent, respectively, for the three months ended December 31, 2024.

Basel III Endgame Framework

On July 27, 2023, the federal banking agencies issued a notice of proposed rulemaking, commonly referred to as Basel III Endgame (the Capital Proposal) that would significantly increase the capital requirements applicable to large banking organizations with total assets of $100 billion or more. The Capital Proposal would align the regulatory capital calculation and the calculation of risk-weighted assets across large banking organizations subject to the Capital Proposal and require Category III and IV banking organizations to include most components of accumulated other comprehensive income (AOCI), including net unrealized gains and losses on available-for-sale securities, in their regulatory capital ratios. If adopted as proposed, the Capital Proposal would include a three-year transition period beginning July 1, 2025. However, the finalization of the Capital Proposal, including its requirements and implementation date, is uncertain, and the Corporation will continue to monitor developments related to the Capital Proposal.

As of March 31, 2025, the Corporation had total assets of $77.6 billion. While the Capital Proposal would not apply to the Corporation as it is currently proposed, if the Corporation becomes subject to the requirements of the Capital Proposal in the future or becomes subject to