Company: CMA
Filing Date: 2025-04-30
Form Type: 10-Q
Source: 0000028412-25-000154
Chunk: 92

Company: COMERICA INC
Filing Date: 2025-04-30
Form: 10-Q
Item: Part I, Item 1
Chunk 92
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75 Impact of net noninterest-bearing sources of funds 1.19 1.31 Net interest margin (as a percentage of average earning assets)  3.18 %  3.06 %

(a)Interest income on commercial loans included net expense from cash flow swaps of $78 million and $115 million for the three months ended March 31, 2025 and December 31, 2024, respectively.

(b)Nonaccrual loans are included in average balances reported and in the calculation of average rates.

(c)Average balances included $2.7 billion of unrealized losses for both the three months ended March 31, 2025 and December 31, 2024, respectively; yields calculated gross of these unrealized losses.

(d)Average balances included $1 million of unrealized gains and $22 million of unrealized losses for the three months ended March 31, 2025 and December 31, 2024, respectively; yields calculated gross of these unrealized gains and losses.

(e)Average balances excluded $2 million and $10 million of collateral posted and netted against derivative liability positions for the three months ended March 31, 2025 and December 31, 2024, respectively; yields calculated gross of derivative netting amounts.

(f)Average balances excluded $70 million and $76 million of collateral received and netted against derivative asset positions for the three months ended March 31, 2025 and December 31, 2024, respectively; rates calculated gross of derivative netting amounts.

35

Rate/Volume Analysis

Three Months EndedMarch 31, 2025/December 31, 2024(in millions)(Decrease) Increase Due to Rate (a)(Decrease) Increase Due to Volume (a)Net (Decrease) IncreaseInterest income:Loans $(29)$(7)$(36)Investment securities11 (2)9 Interest-bearing deposits with banks(6)(9)(15)Other short-term investments— (1)(1)Total interest income(24)(19)(43)Interest expense:Interest-bearing deposits(26)(8)(34)Short-term borrowings— 1 1 Medium- and long-term debt(8)(2)(10)Total interest expense(34)(9)(43)Net interest income$10 $(10)$— 

(a)Impact of additional days, other portfolio dynamics and interest rate swaps reflected as part of rate impact, rate