Company: CMA
Filing Date: 2025-07-30
Form Type: 10-Q
Source: 0000028412-25-000197
Chunk: 187

Company: COMERICA INC
Filing Date: 2025-07-30
Form: 10-Q
Item: Part I, Item 8
Chunk 187
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 share$1.43 $1.50 $2.69 $2.49 Basic average common shares131 133 131 133 Dilutive common stock equivalents:Net effect of the assumed exercise of stock awards1 1 1 1 Diluted average common shares132 134 132 134 Diluted net income per common share$1.42 $1.49 $2.66 $2.47 (a)Includes the impact of costs related to the preferred stock redemption. Refer to Note 9 for more information.The following average shares related to outstanding options to purchase shares of common stock that were not included in the computation of diluted net income per common share because the options were anti-dilutive for the period.Three Months Ended June 30,Six Months Ended June 30,(average outstanding options in thousands)2025202420252024Average outstanding options1,718 1,816 1,721 1,800 Range of exercise prices $53.96 - $95.25$53.96 - $95.25$53.96 - $95.25$53.96 - $95.25

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

NOTE 12 - EMPLOYEE BENEFIT PLANS

Net periodic defined benefit cost (credit) is comprised of service cost and other components of net benefit cost (credit). Service cost is included in salaries and benefits expense and other components of net benefit cost (credit) are included in other noninterest expenses on the Consolidated Statements of Comprehensive Income. For further information on the Corporation's employee benefit plans, refer to Note 17 to the consolidated financial statements in the Corporation's 2024 Annual Report.The components of net periodic benefit cost (credit) for the Corporation's qualified pension plan, non-qualified pension plan and postretirement benefit plan are as follows.Qualified Defined Benefit Pension PlanThree Months Ended June 30,Six Months Ended June 30,(in millions)2025202420252024Service cost$8 $9 $17 $17 Other components of net benefit credit:Interest cost22 21 43 42 Expected return on plan assets(45)(45)(89)(90)Amortization of prior service credit(3)(4)(7)(7)Amortization of net loss 5 5 11 11 Total