Company: CMA
Filing Date: 2025-07-30
Form Type: 10-Q
Source: 0000028412-25-000197
Chunk: 122

Company: COMERICA INC
Filing Date: 2025-07-30
Form: 10-Q
Item: Part I, Item 1
Chunk 122
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 percentage of total loans and foreclosed property0.49 0.61 Loans past due 90 days or more and still accruing$42 $44 

Nonperforming assets decreased $59 million to $249 million at June 30, 2025 from $308 million at December 31, 2024, which included decreases of $66 million in nonaccrual business loans and $6 million in nonaccrual retail loans. Nonperforming loans were 0.48% of total loans at June 30, 2025, compared to 0.61% at December 31, 2024. For further information regarding the composition of nonperforming loans, refer to Note 4 to the consolidated financial statements.

The following table presents a summary of changes in nonaccrual loans.

Three Months Ended(in millions)June 30, 2025March 31, 2025December 31, 2024Balance at beginning of period$301 $308 $250 Loans transferred to nonaccrual (a)19 43 97 Nonaccrual loan gross charge-offs(31)(32)(23)Loans transferred to accrual status (a)— — (5)Nonaccrual loans sold— (1)(1)Payments/other (b)(41)(17)(10)Balance at end of period$248 $301 $308 

(a)Based on an analysis of nonaccrual loans with book balances greater than $2 million.

(b)Includes net changes related to nonaccrual loans with balances less than or equal to $2 million, payments on nonaccrual loans with book balances greater than $2 million and transfers of nonaccrual loans to foreclosed property.

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There were eight borrowers with a balance greater than $2 million, totaling $19 million, transferred to nonaccrual status in second quarter 2025, compared to five borrowers totaling $43 million in first quarter 2025 and 11 borrowers totaling $97 million in fourth quarter 2024. For further information about the composition of loans transferred to nonaccrual during second quarter 2025, refer to the nonaccrual information by industry category table below.

The following table presents the composition of nonaccrual loans by balance and the related number of borrowers at June 30, 2025 and December 31, 2024.

June 30,