Company: CMA
Filing Date: 2025-10-28
Form Type: 10-Q
Source: 0000028412-25-000235
Chunk: 17

Company: COMERICA INC
Filing Date: 2025-10-28
Form: 10-Q
Item: Part I, Item 2
Chunk 17
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 income was $232 million for the nine months ended September 30, 2025, an increase of $109 million from the nine months ended September 30, 2024. Net interest income increased $130 million, primarily due to lower interest expense and higher FTP crediting rates on deposits. Noninterest income decreased $5 million, as other noninterest income for the 2025 period included a $4 million loss on the Visa derivative. Noninterest expenses decreased $14 million, primarily driven by lower FDIC insurance expense (related to special assessment).

Wealth Management

Nine Months Ended September 30,PercentChange(dollar amounts in millions)20252024ChangeEarnings summary:Net interest income$145 $140 $5 4 %Provision for credit losses(1)2 (3)n/mNoninterest income216 216 — — Noninterest expenses280 275 5 2 Provision for income taxes20 18 2 6 Net income$62 $61 $1 3 %Net charge-offs$2 $1 $1 66Selected average balances:Loans $5,091 $5,073 $18 — %Deposits3,686 3,898 (212)(5)

n/m - not meaningful

Average loans for the nine months ended September 30, 2025 increased $18 million from the nine months ended September 30, 2024, while average deposits decreased $212 million for the same period. Wealth Management's net income was $62 million for the nine months ended September 30, 2025, relatively stable compared to the nine months ended September 30, 2024. Net interest income increased $5 million, primarily due to lower allocated net FTP charges, while noninterest income was stable. Noninterest expenses increased $5 million, primarily driven by higher litigation-related expenses, partially offset by lower operational losses.

50

Finance & Other

Nine Months Ended September 30,PercentChange(dollar amounts in millions)20252024ChangeEarnings summary:Net interest expense$(538)$(540)$2— %Provision for credit losses(1)—(1)n/mNoninterest income6961816Noninterest expenses14113564 Benefit for income taxes(146)(134)(12)8 Net loss$(463)$(480)$17(4)%Selected average balances:Loans$5$12$(7)(59)%Depos