Company: CMA
Filing Date: 2025-10-28
Form Type: 10-Q
Source: 0000028412-25-000235
Chunk: 206

Company: COMERICA INC
Filing Date: 2025-10-28
Form: 10-Q
Item: Part I, Item 8
Chunk 206
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 managing the Corporation’s funding, liquidity and capital needs, performing interest sensitivity analysis and executing various strategies to manage the Corporation’s exposure to liquidity, interest rate risk and foreign exchange risk.The Other category includes tax benefits not assigned to specific business segments, charges of an unusual or infrequent nature that are not reflective of the normal operations of the business segments and miscellaneous other expenses of a corporate nature. Refer to Note 22 to the consolidated financial statements in the Corporation's 2024 Annual Report for further information on the methodologies which form the basis for these results.34

Table of ContentsNotes to Consolidated Financial Statements (unaudited)Comerica Incorporated and SubsidiariesBusiness segment financial results were as follows:(dollar amounts in millions)CommercialBankRetailBankWealth ManagementFinanceOtherTotalThree Months Ended September 30, 2025Earnings summary:Net interest income (expense)$453 $240 $50$(209)$40 $574 Provision for credit losses14 2 6— — 22 Noninterest income143 28 6920 4 264 Salaries and benefits expense78 48 3415 178 353 Outside processing fee expense50 2 111 5 69 Occupancy expense5 27 31 12 48 Allocated corporate expense116 79 34(18)(211)— All other noninterest expenses (a)26 16 161 60 119 Total noninterest expenses275 172 98— 44 589 Provision (benefit) for income taxes72 23 4(47)(1)51 Net income (loss)$235 $71 $11$(142)$1 $176 Net charge-offs$29 $1 $2 $— $— $32Selected average balances:Assets $45,314 $3,058 $5,311$16,955 $7,638 $78,276Loans 43,141 2,421 5,184— 9 50,755Deposits34,159 23,321 3,8601,134 261 62,735Three Months Ended September 30, 2024Earnings summary:Net interest income (expense)$464 $205 $46$(220)$39 $534 Provision for credit losses6 4 3— 1 14 Noninterest income149 24 732