Company: CMA
Filing Date: 2025-04-30
Form Type: 10-Q
Source: 0000028412-25-000154
Chunk: 21

Company: COMERICA INC
Filing Date: 2025-04-30
Form: 10-Q
Item: Part I, Item 2
Chunk 21
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 beginning July 1, 2025. However, the finalization of the Capital Proposal, including its requirements and implementation date, is uncertain, and the Corporation will continue to monitor developments related to the Capital Proposal.

As of March 31, 2025, the Corporation had total assets of $77.6 billion. While the Capital Proposal would not apply to the Corporation as it is currently proposed, if the Corporation becomes subject to the requirements of the Capital Proposal in the future or becomes subject to any other new laws or regulations related to capital and liquidity, such requirements could limit the Corporation’s ability to pay dividends or make share repurchases or require the Corporation to reduce business levels or to raise capital, which would have a material adverse effect on the Corporation’s financial condition and results of operations. If subject to the Capital Proposal, the estimated impact related to proposed inclusion of most components of AOCI would be an approximate 310 basis point decrease to CET1 as of March 31, 2025. 

RISK MANAGEMENT

The following updated information should be read in conjunction with the "Risk Management" section on pages F-19 through F-35 in the Corporation's 2024 Annual Report.

Credit Risk

Allowance for Credit Losses

The allowance for credit losses includes both the allowance for loan losses and the allowance for credit losses on lending-related commitments. The following table presents metrics of the allowance for credit losses and nonperforming loans.

March 31, 2025December 31, 2024Allowance for credit losses as a percentage of total loans1.44 %1.44 %Allowance for credit losses as a multiple of total nonperforming loans2.4x2.4x

Stable credit metrics and relatively benign economic data, offset by increased levels of uncertainty incorporated into the estimate, contributed to an unchanged allowance for credit losses to total loans ratio as of March 31, 2025, compared to December 31, 2024. Lower loan balances in conjunction with the factors above resulted in a $6 million decrease in the allowance for credit losses to $719 million at March 31, 2025 from $725 million at December 31, 2024.

Portfolio credit metrics continued to remain below historical levels as of March 31, 2025, with some metrics improving marginally while others evidenced slight deterioration from December 31, 2024 to March 31, 2025. Criticized loan balances 

47

and criticized loans as a percentage of total