Company: CMA
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0000028412-25-000108
Chunk: 517

Company: COMERICA INC
Filing Date: 2025-02-24
Form: 10-K
Item: Item 16
Chunk 517
---
FDIC insurance expense76 180 31 Equipment expense52 50 50 Advertising expense41 40 38 Other noninterest expenses151 164 84 Total noninterest expenses2,307 2,359 1,998 Income before income taxes888 1,144 1,476 Provision for income taxes190 263 325 NET INCOME698 881 1,151 Less:Income allocated to participating securities4 4 6 Preferred stock dividends23 23 23 Net income attributable to common shares$671 $854 $1,122 Earnings per common share:Basic$5.06 $6.47 $8.56 Diluted5.02 6.44 8.47 Cash dividends declared on common stock376 375 356 Cash dividends declared per common share2.84 2.84 2.72 

See notes to consolidated financial statements.

F-41

Table of ContentsCONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOMEComerica Incorporated and Subsidiaries

(in millions)Years Ended December 31202420232022NET INCOME$698 $881 $1,151 OTHER COMPREHENSIVE (LOSS) INCOMEUnrealized (losses) gains on investment securities:Net unrealized holding (losses) gains arising during the period(182)361 (2,903)Less: Reclassification adjustment for net securities losses included in net income19 — — Change in net unrealized (losses) gains before income taxes(201)361 (2,903)Net gains (losses) on cash flow hedges:Net cash flow hedge (losses) gains arising during the period before income taxes(624)34 (1,329)Reclassification of loss related to de-designation of derivatives to other noninterest income— (195)— Less:Net cash flow hedge losses recognized in interest and fees on loans before taxes(629)(576)(25)Amortization of unrealized losses related to de-designated derivatives included in interest and fees on loans(8)(26)— Change in net cash flow hedge gains (losses) before income taxes13 441 (1,304)Defined benefit pension and other postretirement plans adjustment:Actuarial gain (loss) arising during the period35 96 (415)Adjustments for amounts