Company: CMA
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0000028412-25-000108
Chunk: 144

Company: COMERICA INC
Filing Date: 2025-02-24
Form: 10-K
Item: Item 8
Chunk 144
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 million to common stock shareholders through dividends on its common stock of $2.84 per share and the repurchase of approximately 1.5 million shares of common stock. Additionally, the Corporation declared $23 million in dividends on its preferred stock.

RESULTS OF OPERATIONS

The following provides a comparative discussion of the Corporation's consolidated results of operations for 2024 compared to 2023. A comparative discussion of results for 2023 compared to 2022 is provided in the "Results of Operations" section beginning on page F-3 of the Corporation's 2023 Annual Report on Form 10-K for the year ended December 31, 2023 filed with the Securities and Exchange Commission on February 28, 2024. 

F-4

Analysis of Net Interest Income

(dollar amounts in millions)Years Ended December 31202420232022AverageBalanceInterestAverageRateAverageBalanceInterestAverageRateAverageBalanceInterestAverageRateCommercial loans (a)$26,278 $1,407 5.36 %$30,009 $1,651 5.51 %$29,846 $1,278 4.28 %Real estate construction loans4,422 367 8.30 4,041 330 8.16 2,607 132 5.07 Commercial mortgage loans14,260 1,045 7.32 13,697 981 7.17 12,135 513 4.22 Lease financing (b)791 48 6.08 776 37 4.72 680 21 3.12 International loans1,069 82 7.71 1,226 98 7.96 1,246 56 4.46 Residential mortgage loans1,902 72 3.78 1,877 66 3.54 1,776 56 3.16 Consumer loans2,257 183 8.10 2,277 177 7.76 2,170 97 4.49 Total loans (c)50,979 3,204 6.29 53,903 3,340 6.20 50,460 2,153 4.27 Mortgage-backed securities (d)14,438 394 2.29 15,546 421 2.28 16,199 385