Company: CMA
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0000028412-25-000108
Chunk: 166

Company: COMERICA INC
Filing Date: 2025-02-24
Form: 10-K
Item: Item 8
Chunk 166
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 to risk-weighted assets8.0 Capital conservation buffer (a)2.5 Tier 1 capital to adjusted average assets (leverage ratio)4.0 

(a)In addition to the minimum risk-based capital requirements, the Corporation is required to maintain a minimum capital conservation buffer, in the form of common equity tier 1 capital, in order to avoid restrictions on capital distributions and discretionary bonuses. 

The Corporation's capital ratios exceeded minimum regulatory requirements for the periods presented as follows:

December 31, 2024December 31, 2023(dollar amounts in millions)Capital/AssetsRatioCapital/AssetsRatioCommon shareholders' equity$6,149 7.75 %$6,012 7.00 %Tangible common equity (a)5,508 7.00 5,369 6.30 Common equity tier 1 (a)8,667 11.89 8,414 11.09 Tier 1 risk-based (a)9,061 12.43 8,808 11.60 Total risk-based10,363 14.21 10,263 13.52 Leverage9,061 11.08 8,808 10.06 Risk-weighted assets72,903 75,901 

(a) See Supplemental Financial Data section for reconciliations of non-GAAP financial measures and regulatory ratios.

At December 31, 2024, the Corporation and its U.S. banking subsidiaries exceeded the capital ratios required for an institution to be considered “well capitalized” by the standards developed under the Federal Deposit Insurance Corporation Improvement Act of 1991. Refer to Note 20 to the consolidated financial statements for further discussion of regulatory capital requirements, capital ratio calculations and restrictions on the ability of the Corporation's banking subsidiaries to transfer assets to the Corporation. 

Common shareholders' equity included $3.2 billion in accumulated other comprehensive losses, with approximately $2.4 billion of such losses relating to balances recorded in total assets, comprised of valuation adjustments to available-for-sale securities and pension assets, as well as related deferred tax assets. These amounts impacted the common shareholders' equity ratio by 365 basis points; the impact on the tangible common equity ratio using the same calculation method was 370 basis points. Average common shareholders' equity and return on average common shareholders' equity for the year ended December 31, 2024 was $6.0 billion and 11.23%,