Company: CMA
Filing Date: 2025-04-30
Form Type: 10-Q
Source: 0000028412-25-000154
Chunk: 78

Company: COMERICA INC
Filing Date: 2025-04-30
Form: 10-Q
Item: Part I, Item 1
Chunk 78
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 in fair value of the debt as a result of changes in the benchmark rate. Subordinated notes with remaining maturities greater than one year qualify as Tier 2 capital.Comerica Bank (the Bank), a wholly-owned subsidiary of Comerica, Incorporated, is a member of the FHLB, which provides short- and long-term funding to its members through advances collateralized by real estate-related assets. Borrowing 

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

capacity is contingent on the amount of collateral available to be pledged to the FHLB. At March 31, 2025, FHLB borrowings were $3.4 billion, with remaining capacity for future borrowing of $13.4 billion, secured by real estate-related loans totaling $22.1 billion and investment securities totaling $5.9 billion. Unamortized debt issuance costs deducted from the carrying amount of medium- and long-term debt totaled $10 million at both March 31, 2025 and December 31, 2024, respectively.

NOTE 9 - ACCUMULATED OTHER COMPREHENSIVE LOSS 

The following table presents a reconciliation of the changes in the components of accumulated other comprehensive loss and details the components of other comprehensive income (loss) for the three months ended March 31, 2025 and 2024, including the amount of income tax expense (benefit) allocated to each component of other comprehensive income (loss).Three Months Ended March 31,(in millions)20252024Accumulated net unrealized losses on investment securities:Balance at beginning of period, net of tax$(2,197)$(2,043)Net unrealized holding gains (losses) arising during the period334 (268)Less: Provision (benefit) for income taxes80 (69)Change in net unrealized losses on investment securities, net of tax254 (199)Balance at end of period, net of tax$(1,943)$(2,242)Accumulated net losses on cash flow hedges:Balance at beginning of period, net of tax$(596)$(605)Net cash flow hedge gains (losses) arising during the period200 (451)Less: Provision (benefit) for income taxes48 (109)Change in net cash flow hedge losses arising during the period, net of tax152 (342)Less:Net cash flow