Company: CMA
Filing Date: 2025-10-28
Form Type: 10-Q
Source: 0000028412-25-000235
Chunk: 23

Company: COMERICA INC
Filing Date: 2025-10-28
Form: 10-Q
Item: Part I, Item 2
Chunk 23
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 Corporation's capital ratios exceeded minimum regulatory requirements as follows:

September 30, 2025December 31, 2024(dollar amounts in millions)Capital/AssetsRatioCapital/AssetsRatioCommon equity tier 1 (a), (b)$8,657 11.90  %$8,667 11.89  %Tier 1 risk-based (a), (b)9,049 12.44 9,061 12.43 Total risk-based (a) 10,271 14.12 10,363 14.21 Leverage (a) 9,049 11.23 9,061 11.08 Common shareholders' equity 7,037 9.09 6,149 7.75 Tangible common equity (b)6,397 8.34 5,508 7.00 Risk-weighted assets (a)72,757 72,903 

(a)September 30, 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 September 30, 2025 included $2.3 billion in accumulated other comprehensive losses, with approximately $1.9 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 September 30, 2025 by 263 basis points; the impact on the tangible common equity ratio using the same calculation method was 266 basis points. Average common shareholders' equity and return on average common shareholders' equity for the three months ended September 30, 2025 was $6.8 billion and 10.20%, respectively, compared to $6.3 billion and 10.27%, 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