Company: CMA
Filing Date: 2025-10-28
Form Type: 10-Q
Source: 0000028412-25-000235
Chunk: 32

Company: COMERICA INC
Filing Date: 2025-10-28
Form: 10-Q
Item: Part I, Item 2
Chunk 32
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 months ended June 30, 2025. For the nine months ended September 30, 2025, commercial mortgage net charge-offs were $8 million, compared to $14 million for the nine months ended September 30, 2024.

59

Automotive Lending - Dealer

The following table presents a summary of automotive dealership loans.

September 30, 2025December 31, 2024(in millions)LoansOutstandingPercent ofTotal LoansLoansOutstandingPercent ofTotal LoansDealer:Floor plan$1,920 $2,279 Other 3,198 3,234 Total dealer$5,118 10.1  %$5,513 10.9  %

Substantially all dealer loans are in the National Dealer Services business line and primarily include floor plan financing and other loans to automotive dealerships. Floor plan loans, included in commercial loans in the Consolidated Balance Sheets, totaled $1.9 billion at September 30, 2025, a decrease of $359 million compared to $2.3 billion at December 31, 2024. At both September 30, 2025 and December 31, 2024, other loans to automotive dealers in the National Dealer Service business line totaled $3.2 billion, including $1.9 billion and $1.8 billion of owner-occupied commercial real estate mortgage loans for September 30, 2025 and December 31, 2024, respectively.

There were no nonaccrual dealer loans at both September 30, 2025 and December 31, 2024. Additionally, there were no net charge-offs of dealer loans during the three-month periods ended September 30, 2025 and June 30, 2025, nor during the nine-month periods ended September 30, 2025 and 2024.

Automotive Lending - Production

The following table presents a summary of loans to borrowers involved with automotive production.

September 30, 2025December 31, 2024(in millions)LoansOutstandingPercent ofTotal LoansLoansOutstandingPercent ofTotal LoansProduction:Domestic$498 $499 Foreign257 265 Total production$755 1.5  %$764 1.5  %

Loans to borrowers involved with automotive production, primarily Tier 1 and Tier 2 suppliers, totaled $755