Company: CMA
Filing Date: 2025-04-30
Form Type: 10-Q
Source: 0000028412-25-000154
Chunk: 18

Company: COMERICA INC
Filing Date: 2025-04-30
Form: 10-Q
Item: Part I, Item 2
Chunk 18
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, $313 million in general Middle Market, $262 million in Wealth Management, $245 million in Technology and Life Sciences, $144 million in Corporate Banking and $128 million in Business Banking, as well as smaller increases in other business lines, were partially offset by increases of $117 million in Equity Fund Services and $104 million in Entertainment. 

Short-term borrowings increased $146 million to $188 million for the three months ended March 31, 2025, compared to the three months ended December 31, 2024, reflecting an increase in federal funds purchased, while medium- and long-term debt decreased $210 million to $6.5 billion, driven by the repayment of $1.0 billion in fixed-rate FHLB advances in March 2025. 

45

Capital

The following table presents a summary of changes in total shareholders' equity for the three months ended March 31, 2025.

(in millions)  Balance at January 1, 2025$6,543 Net income172 Cash dividends declared on common stock(93)Cash dividends declared on preferred stock(6)Purchase of common stock(50)Other comprehensive income, net of tax:Investment securities$254 Cash flow hedges211 Defined benefit and other postretirement plans1 Total other comprehensive income, net of tax466 Net issuance of common stock under employee stock plans(7)Share-based compensation27 Balance at March 31, 2025 $7,052 

The following table summarizes the Corporation's repurchase activity during the three months ended March 31, 2025.

(shares in thousands)Total Number of Shares Purchased as Part of Publicly Announced Repurchase Plans or ProgramsRemaining ShareRepurchaseAuthorization (a)Total Numberof SharesPurchased (b)Average PricePaid Per ShareJanuary 1 - 31, 2025— 13,498 2 $61.75 February 1 - 28, 2025747 12,751 753 65.83 March 1 - 31, 2025— 12,751 — — Total first quarter 2025747 12,751 755 $65.82 

(a)Maximum number of shares of common stock that may be repurchased under the publicly announced plans or programs.

(b)Consists of approximately 8,000 shares of common