Company: CMA
Filing Date: 2025-10-28
Form Type: 10-Q
Source: 0000028412-25-000235
Chunk: 24

Company: COMERICA INC
Filing Date: 2025-10-28
Form: 10-Q
Item: Part I, Item 2
Chunk 24
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 IV banking organizations to include most components of accumulated other comprehensive income (AOCI), including net unrealized gains and losses on available-for-sale securities, in their regulatory capital ratios. 

As of September 30, 2025, the Corporation had total assets of $77.4 billion; therefore, the Capital Proposal would not apply to the Corporation as currently proposed. There remains significant uncertainty regarding the finalization and implementation of the Capital Proposal, and the Corporation will continue to monitor developments related thereto. If the Corporation becomes subject to the requirements of the Capital Proposal in the future or becomes subject to any other new laws or regulations related to capital and liquidity, such requirements could limit the Corporation’s ability to pay dividends or make 

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share repurchases or require the Corporation to reduce business levels or to raise capital, which would have a material adverse effect on the Corporation’s financial condition and results of operations. If subject to the Capital Proposal, the estimated impact related to proposed inclusion of most components of AOCI would be an approximate 275 basis point decrease to CET1 as of September 30, 2025. 

RISK MANAGEMENT

The following updated information should be read in conjunction with the "Risk Management" section on pages F-19 through F-35 in the Corporation's 2024 Annual Report.

Credit Risk

Allowance for Credit Losses

The allowance for credit losses includes both the allowance for loan losses and the allowance for credit losses on lending-related commitments. The following table presents metrics of the allowance for credit losses and nonperforming loans.

September 30, 2025December 31, 2024Allowance for credit losses as a percentage of total loans1.43%1.44%Allowance for credit losses as a multiple of total nonperforming loans2.8x2.4x

The allowance for credit losses was stable compared to December 31, 2024, totaling $725 million at September 30, 2025 and reflecting the impact of relatively stable credit performance as well as elevated levels of economic uncertainty. 

CECL Forecast and Economic Variables at September 30, 2025

The economic forecasts informing the CECL model reflected a marginally improved outlook from those used at June 30, 2025, with a rebound in economic growth coinciding with a softening labor market amid continuing uncertainties from ongoing and rapid changes in domestic and foreign economic policies. At September 30, 2025, the impact of potential additional tariff increases and changes to federal government operations were still unclear