Company: CMA
Filing Date: 2025-07-30
Form Type: 10-Q
Source: 0000028412-25-000197
Chunk: 12

Company: COMERICA INC
Filing Date: 2025-07-30
Form: 10-Q
Item: Part I, Item 2
Chunk 12
---
30, 2025, compared to $527 million for the six months ended June 30, 2024, as an increase in risk management hedging income, which included $39 million of losses related to BSBY cessation in the 2024 period, and higher capital markets income were mostly offset by decreases in other noninterest income and card fees. Other noninterest income for the 2025 period included a $4 million loss on a derivative related to Visa's Class B shares (Visa derivative), while other noninterest income for the 2024 period included a $6 million gain on the Visa derivative as well as a $5 million negotiated vendor payment.

The following table presents certain categories included in other noninterest income on the Consolidated Statements of Comprehensive Income.

Six Months Ended June 30,(in millions)20252024FHLB and FRB stock dividends$6 $9 Deferred compensation asset returns (a)3 7 All other noninterest income14 24 Other noninterest income$23 $40     

(a)Compensation deferred by the Corporation's officers and directors is invested based on investment selections of the officers and directors. Income earned on these assets is reported in other noninterest income and the corresponding change in deferred compensation plan liabilities is reported in salaries and benefits expense. 

Noninterest Expenses

Six Months Ended June 30,(in millions)20252024Salaries and benefits expense$726 $671 Outside processing fee expense131 136 Software expense96 89 Occupancy expense92 88 Equipment expense26 25 FDIC insurance expense25 55 Advertising expense19 20 Other noninterest expenses30 74 Total noninterest expenses$1,145 $1,158 

Noninterest expenses decreased $13 million to $1.1 billion for the six months ended June 30, 2025, compared to $1.2 billion for the six months ended June 30, 2024, due to decreases in FDIC insurance expense (special assessment and changes in balance sheet composition), consulting fees and operational losses, as well as an increase in gains on the sale of real estate and other assets, partially offset by increases in salaries and benefits expense and software expense. The increase in salaries and benefits expense reflected the impact of annual merit-based salary increases and staff additions, as well as higher severance costs and temporary labor.

STRATEGIC LINES OF BUSINESS

The Corporation has strategically aligned its operations into three major business