Company: CMA
Filing Date: 2025-07-30
Form Type: 10-Q
Source: 0000028412-25-000197
Chunk: 201

Company: COMERICA INC
Filing Date: 2025-07-30
Form: 10-Q
Item: Part I, Item 8
Chunk 201
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38,139 256 2.69 38,419 252 2.65 Federal funds purchased377 4 4.41 184 2 4.41 Other short-term borrowings964 11 4.45 4 — 4.61 Medium- and long-term debt5,740 85 5.92 6,488 95 5.83 Total interest-bearing sources45,220 356 3.15 45,095 349 3.12 Noninterest-bearing deposits23,107 23,480 Accrued expenses and other liabilities2,280 2,222 Shareholders’ equity6,936 6,761 Total liabilities and shareholders’ equity$77,543 $77,558 Net interest income/rate spread$575 1.96 $575 1.99 Impact of net noninterest-bearing sources of funds 1.20 1.19 Net interest margin (as a percentage of average earning assets)  3.16  %  3.18  %

(a)Interest income on commercial loans included net expense from cash flow swaps of $83 million and $78 million for the three months ended June 30, 2025 and March 31, 2025, respectively.

(b)Nonaccrual loans are included in average balances reported and in the calculation of average rates.

(c)Average balances included $2.6 billion and $2.7 billion of unrealized losses for the three months ended June 30, 2025 and March 31, 2025, respectively; yields calculated gross of these unrealized losses.

(d)Average balances included $4 million and $1 million of unrealized gains for the three months ended June 30, 2025 and March 31, 2025, respectively; yields calculated gross of these unrealized gains.

(e)Average balances excluded $18 million and $2 million of collateral posted and netted against derivative liability positions for the three months ended June 30, 2025 and March 31, 2025, respectively; yields calculated gross of derivative netting amounts.

(f)Average balances excluded $96 million and $70 million of collateral received and netted against derivative asset positions for the three months ended June 30, 2025 and March 31, 2025, respectively; rates calculated gross of derivative netting amounts.

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Rate/Volume Analysis