Company: CMA
Filing Date: 2025-07-30
Form Type: 10-Q
Source: 0000028412-25-000197
Chunk: 86

Company: COMERICA INC
Filing Date: 2025-07-30
Form: 10-Q
Item: Part I, Item 1
Chunk 86
---
9 for more information.The following average shares related to outstanding options to purchase shares of common stock that were not included in the computation of diluted net income per common share because the options were anti-dilutive for the period.Three Months Ended June 30,Six Months Ended June 30,(average outstanding options in thousands)2025202420252024Average outstanding options1,718 1,816 1,721 1,800 Range of exercise prices $53.96 - $95.25$53.96 - $95.25$53.96 - $95.25$53.96 - $95.25

31

Table of ContentsNotes to Consolidated Financial Statements (unaudited)Comerica Incorporated and Subsidiaries

NOTE 12 - EMPLOYEE BENEFIT PLANS

Net periodic defined benefit cost (credit) is comprised of service cost and other components of net benefit cost (credit). Service cost is included in salaries and benefits expense and other components of net benefit cost (credit) are included in other noninterest expenses on the Consolidated Statements of Comprehensive Income. For further information on the Corporation's employee benefit plans, refer to Note 17 to the consolidated financial statements in the Corporation's 2024 Annual Report.The components of net periodic benefit cost (credit) for the Corporation's qualified pension plan, non-qualified pension plan and postretirement benefit plan are as follows.Qualified Defined Benefit Pension PlanThree Months Ended June 30,Six Months Ended June 30,(in millions)2025202420252024Service cost$8 $9 $17 $17 Other components of net benefit credit:Interest cost22 21 43 42 Expected return on plan assets(45)(45)(89)(90)Amortization of prior service credit(3)(4)(7)(7)Amortization of net loss 5 5 11 11 Total other components of net benefit credit(21)(23)(42)(44)Net periodic defined benefit credit$(13)$(14)$(25)$(27)Non-Qualified Defined Benefit Pension PlanThree Months Ended June 30,Six Months Ended June 30,(in millions)2025202420252024Service cost$1 $— $2 $1 Other components of net benefit cost:Interest cost2 2 4 4 Amortization of prior service credit(1)(1)(2)(3)Amortization of net loss1