Company: CMA
Filing Date: 2025-07-30
Form Type: 10-Q
Source: 0000028412-25-000197
Chunk: 216

Company: COMERICA INC
Filing Date: 2025-07-30
Form: 10-Q
Item: Part I, Item 8
Chunk 216
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2024ChangeNoninterest-bearing deposits$23,107 $24,222 $(1,115)(5)%Money market and interest-bearing checking deposits31,849 32,045 (196)(1)Savings deposits2,112 2,142 (30)(1)Customer certificates of deposit3,074 3,542 (468)(13)Other time deposits1,080 1,371 (291)(21)Foreign office time deposits24 25 (1)(3)Total deposits$61,246 $63,347 $(2,101)(3)%Short-term borrowings1,341 42 1,299 n/mMedium- and long-term debt5,740 6,698 (958)(14)Total borrowed funds$7,081 $6,740 $341 5 %

n/m - not meaningful

Other time deposits, which consisted of brokered deposits, decreased $291 million from the three months ended December 31, 2024, while decreases of $521 million in Retail Banking, $388 million in general Middle Market, $342 million in Technology and Life Sciences, $306 million in Wealth Management and $279 million in Corporate Banking were partially offset by smaller increases in other business lines. 

Short-term borrowings for the three months ended June 30, 2025 increased $1.3 billion compared to the three months ended December 31, 2024, reflecting increases in FHLB advances and Fed Funds while medium- and long-term debt decreased $958 million to $5.7 billion, driven by the repayment of long-term FHLB advances in March 2025. 

50

Capital

The following table presents a summary of changes in total shareholders' equity for the six months ended June 30, 2025.

(in millions)  Balance at January 1, 2025$6,543 Net income371 Cash dividends declared on common stock(186)Cash dividends declared on preferred stock(11)Purchase of common stock(151)Redemption of preferred stock(400)Other comprehensive income, net of tax:Investment securities$330 Cash flow hedges329 Defined benefit and other postretirement plans3 Total other comprehensive income, net of tax662 Net issuance of common stock under employee stock plans(3)Share-based compensation35 Balance at June 30, 2025 $6,860 

On June