Company: CMA
Filing Date: 2025-10-28
Form Type: 10-Q
Source: 0000028412-25-000235
Chunk: 16

Company: COMERICA INC
Filing Date: 2025-10-28
Form: 10-Q
Item: Part I, Item 2
Chunk 16
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osits 33,066 31,845 1,221 4 

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Average loans for the nine months ended September 30, 2025 decreased $646 million from the nine months ended September 30, 2024, which included decreases in National Dealer Services, Commercial Real Estate and Corporate Banking, partially offset by an increase in Environmental Services. Average deposits increased $1.2 billion for the same period, which included increases in general Middle Market, Commercial Real Estate and Equity Fund Services, partially offset by a decrease in Technology and Life Sciences. 

The Commercial Bank's net income was $716 million for the nine months ended September 30, 2025, a decrease of $108 million from the nine months ended September 30, 2024. Net interest income decreased $28 million due to lower income on loans, partially offset by lower allocated net FTP charges. The provision for credit losses increased $71 million, while net charge-offs increased $48 million to $80 million, reflecting increases in general Middle Market, Commercial Real Estate, Technology and Life Sciences and Energy. Noninterest income decreased $15 million, primarily due to lower card fees and a $5 million negotiated vendor payment received in the 2024 period. Noninterest expenses increased $17 million, primarily reflecting higher allocated corporate expenses, partially offset by a reduction in FDIC insurance expense (related to special assessment) as well as a net benefit from settlements and dismissed litigation.

49

Retail Bank

Nine Months Ended September 30,PercentChange(dollar amounts in millions)20252024ChangeEarnings summary:Net interest income$739 $609 $130 21 %Provision for credit losses(5)4 (9)n/mNoninterest income80 85 (5)(8)Noninterest expenses519 533 (14)(3)Provision for income taxes73 34 39 n/mNet income$232 $123 $109 89 %Net charge-offs$4 $3 $1 64Selected average balances:Loans $2,404 $2,322 $82 4 %Deposits23,465 24,400 (935)(4)

n/m - not meaningful

Average loans for the nine months ended September 30, 2025 increased $82 million from the nine months ended September 30, 2024, while average deposits decreased $935 million for the same period. The Retail Bank's net