Company: CMA
Filing Date: 2025-07-30
Form Type: 10-Q
Source: 0000028412-25-000197
Chunk: 112

Company: COMERICA INC
Filing Date: 2025-07-30
Form: 10-Q
Item: Part I, Item 1
Chunk 112
---
 assessment).

Wealth Management

Six Months Ended June 30,PercentChange(dollar amounts in millions)20252024ChangeEarnings summary:Net interest income$95 $94 $1 1 %Provision for credit losses(7)(1)(6)n/mNoninterest income147 143 4 3 Noninterest expenses182 185 (3)(1)Provision for income taxes16 11 5 36 Net income$51 $42 $9 24 %Net charge-offs$— $1 $(1)n/mSelected average balances:Loans $5,044 $5,089 $(45)(1)%Deposits3,598 3,925 (327)(8)

n/m - not meaningful

Average loans for the six months ended June 30, 2025 decreased $45 million from the six months ended June 30, 2024, while average deposits decreased $327 million for the same period. Wealth Management's net income was $51 million for the six months ended June 30, 2025, an increase of $9 million from the six months ended June 30, 2024. Net interest income was relatively stable, while noninterest income increased $4 million, primarily due to higher investment fees. Noninterest expenses decreased $3 million, primarily driven by lower operational losses and consultant fees, partially offset by higher litigation-related expenses.

48

Finance & Other

Six Months Ended June 30,PercentChange(dollar amounts in millions)20252024ChangeEarnings summary:Net interest expense$(369)$(359)$(10)3 %Provision for credit losses(1)(1)—55 Noninterest income45301557 Noninterest expenses979077 Benefit for income taxes(98)(83)(15)17 Net loss$(322)$(335)$13(4)%Selected average balances:Loans$3$13$(10)(86)%Deposits 1,9224,077(2,155)(52)

Average deposits for the six months ended June 30, 2025, which primarily consisted of centrally-managed brokered time deposits fully insured by the FDIC, decreased $2.2 billion from the six months ended June 30, 2024. Net loss for the Finance and Other category was $322 million for the six months ended June 30, 2025, a decrease of $13 million from the six months