Company: CMA
Filing Date: 2025-04-30
Form Type: 10-Q
Source: 0000028412-25-000154
Chunk: 107

Company: COMERICA INC
Filing Date: 2025-04-30
Form: 10-Q
Item: Part I, Item 1
Chunk 107
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, which was completed in the first quarter of 2025. A total of 747.3 thousand shares were repurchased under the ASR during the first quarter of 2025.

Since the inception of the share repurchase program in 2010, a total of 107.2 million shares of common stock have been authorized for repurchase. There is no expiration date for the share repurchase program, which may be effectuated through open market repurchases, privately negotiated transactions, structured repurchase agreements with third parties and/or otherwise, including utilizing Rule 10b5-1 plans. The repurchased shares may be held as treasury stock or retired. The timing and actual amount of additional share repurchases are subject to various factors, including the Corporation's earnings generation, capital needs to fund future loan growth and market conditions.

The Corporation has a long-term Common Equity Tier 1 (CET1) capital ratio target of approximately 10 percent with capital deployment. At March 31, 2025, the Corporation's estimated CET1 capital ratio was 12.05 percent, up from 11.89 percent at December 31, 2024.

The following table presents the minimum ratios required.

Common equity tier 1 capital to risk-weighted assets4.5 %Tier 1 capital to risk-weighted assets6.0 Total capital 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, in order to avoid restrictions on capital distributions and discretionary bonuses.

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The Corporation's capital ratios exceeded minimum regulatory requirements as follows:

March 31, 2025December 31, 2024(dollar amounts in millions)Capital/AssetsRatioCapital/AssetsRatioCommon equity tier 1 (a), (b)$8,712 12.05 %$8,667 11.89 %Tier 1 risk-based (a), (b)9,106 12.60 9,061 12.43 Total risk-based (a) 10,402 14.39 10,363 14.21 Leverage (a) 9,106 11.36 9,061 11.08 Common shareholders' equity 6,658 8.58