Company: CMA
Filing Date: 2025-10-28
Form Type: 10-Q
Source: 0000028412-25-000235
Chunk: 90

Company: COMERICA INC
Filing Date: 2025-10-28
Form: 10-Q
Item: Part I, Item 1
Chunk 90
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COME PER COMMON SHARE 

Basic and diluted net income per common share are presented in the following table.Three Months Ended September 30,Nine Months Ended September 30,(in millions, except per share data)2025202420252024Basic and dilutedNet income$176 $184 $547 $528 Less:Income allocated to participating securities1 1 3 3 Preferred stock dividends and other — 6 17 (a)17 Net income attributable to common shares$175 $177 $527 $508 Basic average common shares128 133 130 133 Basic net income per common share$1.36 $1.34 $4.05 $3.83 Basic average common shares128 133 130 133 Dilutive common stock equivalents:Net effect of the assumed exercise of stock awards2 1 1 1 Diluted average common shares130 134 131 134 Diluted net income per common share$1.35 $1.33 $4.01 $3.80 (a)Includes the impact of costs related to the preferred stock redemption. Refer to Note 9 for more information.The following average shares related to outstanding options to purchase shares of common stock that were not included in the computation of diluted net income per common share because the options were anti-dilutive for the period.Three Months Ended September 30,Nine Months Ended September 30,(average outstanding options in thousands)2025202420252024Average outstanding options926 1,488 1,535 1,800 Range of exercise prices $67.66 - $95.25$56.79 - $95.25$63.15 - $95.25$53.96 - $95.25

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Table of ContentsNotes to Consolidated Financial Statements (unaudited)Comerica Incorporated and Subsidiaries

NOTE 12 - EMPLOYEE BENEFIT PLANS

Net periodic defined benefit cost (credit) is comprised of service cost and other components of net benefit cost (credit). Service cost is included in salaries and benefits expense and other components of net benefit cost (credit) are included in other noninterest expenses on the Consolidated Statements of Comprehensive Income. For further information on the Corporation's employee benefit plans, refer to Note 17 to the consolidated financial statements in the Corporation's 2024 Annual Report.The components of net periodic benefit cost (credit)