Company: CMA
Filing Date: 2025-10-28
Form Type: 10-Q
Source: 0000028412-25-000235
Chunk: 219

Company: COMERICA INC
Filing Date: 2025-10-28
Form: 10-Q
Item: Part I, Item 8
Chunk 219
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's view, forecast risk at September 30, 2025 was relatively flat compared to June 30, 2025, as the impact of a government shutdown and judicial rulings related to evolving tariff policies led to continued uncertainty. These uncertainties considered by management have broad implications for the overall economy and also include the impacts of potentially prolonged inflation and the fiscal deficit, amongst other risks.

Further analysis of the allowance for credit losses, economic forecasts, and a summary of nonperforming assets are presented under the "Credit Risk" subheading in the "Risk Management" section of this financial review. 

Noninterest Income

Three Months Ended(in millions)September 30, 2025June 30, 2025Card fees$57 $59 Fiduciary income51 57 Service charges on deposit accounts47 47 Capital markets income 37 42 Commercial lending fees 17 17 Brokerage fees14 14 Bank-owned life insurance13 9 Letter of credit fees10 10 Risk management hedging income4 5 Other noninterest income (a)14 14 Total noninterest income$264 $274 

(a)The table below provides further details on certain categories included in other noninterest income.

Noninterest income decreased $10 million to $264 million for the three months ended September 30, 2025, compared to $274 million for the three months ended June 30, 2025, reflecting decreases in fiduciary income and capital markets income, partially offset by a seasonal increase in bank-owned life insurance income. Other noninterest income is detailed in the table below.

Three Months Ended(in millions)September 30, 2025June 30, 2025FHLB and FRB stock dividends$3 $3 Deferred compensation asset returns (a)4 5 All other noninterest income7 6 Other noninterest income$14 $14 

(a)Compensation deferred by the Corporation's officers and directors is invested based on investment selections of the officers and directors. Income earned on these assets is reported in other noninterest income and the corresponding change in deferred compensation plan liabilities is reported in salaries and benefits expense.

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Noninterest Expenses

Three Months Ended(in millions)September 30, 2025June 30, 2025Salaries and benefits expense$353 $358 Outside processing fee expense69 67 Software expense50 48 Occupancy expense48 46 Equipment