Company: CMA
Filing Date: 2025-04-30
Form Type: 10-Q
Source: 0000028412-25-000154
Chunk: 77

Company: COMERICA INC
Filing Date: 2025-04-30
Form: 10-Q
Item: Part I, Item 1
Chunk 77
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ows.The Corporation provided no financial or other support that was not contractually required to any of the above VIEs during the three months ended March 31, 2025 and 2024.The following table summarizes the impact of these tax credit investments under the proportional amortization method on the Corporation’s Consolidated Statements of Comprehensive Income.Three Months Ended March 31,(in millions)20252024Other noninterest income:Amortization of other tax credit investments$— $1 Provision for income taxes:Amortization of investments$22 $19 Tax credits(19)(17)Other income tax benefits related to tax credit entities(7)(5)Total provision for income taxes$(4)$(3)For further information on the Corporation’s consolidation policy, see Note 1 to the consolidated financial statements in the Corporation's 2024 Annual Report.

NOTE 8 - MEDIUM- AND LONG-TERM DEBT

Medium- and long-term debt is summarized as follows:(in millions)March 31, 2025December 31, 2024Parent companySubordinated notes:3.80% subordinated notes due 2026$245 $243 Medium- and long-term notes:4.00% notes due 2029528 519 5.982% notes due 2030999 984 Total medium- and long-term notes1,527 1,503 Total parent company1,772 1,746 SubsidiariesSubordinated notes:4.00% subordinated notes due 2025347 345 7.875% subordinated notes due 2026157 157 5.332% subordinated notes due 2033463 451 Total subordinated notes967 953 FHLB advances:5.07% advance due March 2025— 1,000 4.79% advance due 2026999 997 4.49% advance due 2027999 992 4.49% advance due 2028996 985 Total FHLB advances2,994 3,974 Total subsidiaries3,961 4,927 Total medium- and long-term debt$5,733 $6,673 Fixed interest rates have been swapped to a variable rate and designated in a hedging relationship for all notes outstanding at both March 31, 2025 and December 31, 2024. Accordingly, carrying value has been adjusted to reflect the change