Company: CMA
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0000028412-25-000108
Chunk: 600

Company: COMERICA INC
Filing Date: 2025-02-24
Form: 10-K
Item: Item 16
Chunk 600
---
34 (39)(7)325 Net income (loss)$1,057 $79 $106 $(98)$7 $1,151 Net charge-offs (recoveries)$21 $(1)$(3)$— $— $17 Selected average balances:Assets$47,437 $2,814 $5,037 $20,912 $11,072 $87,272 Loans43,481 2,063 4,906 — 10 50,460 Deposits42,584 26,672 5,439 360 426 75,481 (a)All other noninterest expenses for each reportable business segment includes:i.Commercial Bank and Retail Bank - Primarily FDIC insurance expense, software expense and other noninterest expenses.ii.Wealth Management - Primarily software expense and other noninterest expenses.

F-95

Table of ContentsNOTES TO CONSOLIDATED FINANCIAL STATEMENTSComerica Incorporated and Subsidiaries

NOTE 23 - PARENT COMPANY FINANCIAL STATEMENTS

BALANCE SHEETS - COMERICA INCORPORATED(in millions, except share data)  December 3120242023AssetsCash and due from subsidiary banks$1,218 $1,415 Investment securities35 — Other short-term investments89 104 Receivable due from subsidiary bank850 — Investment in subsidiaries, principally banks6,212 5,777 Accrued income and other assets 220 180 Total assets$8,624 $7,476 Liabilities and Shareholders’ EquityMedium- and long-term debt$1,746 $764 Accrued expenses and other liabilities335 306 Total liabilities2,081 1,070 Fixed-rate reset non-cumulative perpetual preferred stock, series A, no par value, $100,000 liquidation preference per share:Authorized - 4,000 sharesIssued - 4,000 shares394 394 Common stock - $5 par value:Authorized - 325,000,000 sharesIssued - 228,164,824 shares1,141 1,141 Capital surplus2,218 2,224 Accumulated other comprehensive loss(3,161)(3,048)Retained earnings12,017 11,727 Less cost of common stock in treasury - 96,755,368