Company: CMA
Filing Date: 2025-04-30
Form Type: 10-Q
Source: 0000028412-25-000154
Chunk: 45

Company: COMERICA INC
Filing Date: 2025-04-30
Form: 10-Q
Item: Part I, Item 1
Chunk 45
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/2024(6,079)(6,066)Total shareholders’ equity7,052 6,543Total liabilities and shareholders’ equity$77,622 $79,297

See notes to consolidated financial statements (unaudited).

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Table of ContentsCONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (unaudited)Comerica Incorporated and Subsidiaries 

Three Months Ended March 31,(in millions, except per share data)20252024INTEREST INCOMEInterest and fees on loans$759 $808 Interest on investment securities109 102 Interest on short-term investments56 109 Total interest income924 1,019 INTEREST EXPENSEInterest on deposits252 317 Interest on short-term borrowings2 37 Interest on medium- and long-term debt95 117 Total interest expense349 471 Net interest income575 548 Provision for credit losses20 14 Net interest income after provision for credit losses555 534 NONINTEREST INCOMECard fees59 66 Fiduciary income52 51 Service charges on deposit accounts46 45 Capital markets income31 30 Commercial lending fees16 16 Brokerage fees14 10 Letter of credit fees11 10 Bank-owned life insurance9 10 Risk management hedging income (loss)7 (25)Other noninterest income9 23 Total noninterest income254 236 NONINTEREST EXPENSESSalaries and benefits expense368 348 Outside processing fee expense64 68 Software expense48 44 Occupancy expense46 44 FDIC insurance expense14 36 Equipment expense13 12 Advertising expense8 8 Other noninterest expenses23 43 Total noninterest expenses584 603 Income before income taxes225 167 Provision for income taxes53 29 NET INCOME172 138 Less:Income allocated to participating securities1 1 Preferred stock dividends6 6 Net income attributable to common shares$165 $131 Earnings per common share:Basic$1.26 $0.99 Diluted1.25 0.98 Comprehensive income (loss)638 (271)Cash dividends declared on common stock93 94 Cash dividends declared per common share0.71 0.71 

See notes to consolidated financial statements (unaudited).

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