Company: CMA
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0000028412-25-000108
Chunk: 128

Company: COMERICA INC
Filing Date: 2025-02-24
Form: 10-K
Item: Item 1
Chunk 128
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 bank regulations. The tangible common equity ratio removes the effect of intangible assets from capital and total assets. Tangible common equity per share of common stock removes the effect of intangible assets from common shareholders' equity per share of common stock. 

The following table provides a reconciliation of non-GAAP financial measures and regulatory ratios used in this financial review with financial measures defined by GAAP.

(dollar amounts in millions)December 3120242023Common Equity Tier 1 Capital:Tier 1 capital $9,061 $8,808 Less:Fixed-rate reset non-cumulative perpetual preferred stock394 394 Common equity tier 1 capital $8,667 $8,414 Risk-weighted assets $72,903 $75,901 Tier 1 capital ratio12.43 %11.60 %Common equity tier 1 capital ratio11.89 11.09 Tangible Common Equity Ratio:Total shareholders' equity$6,543 $6,406 Less:Fixed-rate reset non-cumulative perpetual preferred stock394 394 Common shareholders' equity$6,149 $6,012 Less:Goodwill635 635 Other intangible assets6 8 Tangible common equity$5,508 $5,369 Total assets$79,297 $85,834 Less:Goodwill635 635 Other intangible assets6 8 Tangible assets$78,656 $85,191 Common equity ratio7.75 %7.00 %Tangible common equity ratio7.00 6.30 Tangible Common Equity per Share of Common Stock:Common shareholders' equity$6,149 $6,012 Tangible common equity5,508 5,369 Shares of common stock outstanding (in millions)131 132 Common shareholders' equity per share of common stock$46.79 $45.58 Tangible common equity per share of common stock41.91 40.70 

F-39