Company: CMA
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0000028412-25-000108
Chunk: 571

Company: COMERICA INC
Filing Date: 2025-02-24
Form: 10-K
Item: Item 16
Chunk 571
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 of Income, while amortization and write-downs of other tax credit investments are recorded in other noninterest income. The income tax credits and deductions are recorded as a reduction of income tax expense and a reduction of federal income taxes payable. The cash flows related to the total income tax benefits are presented in the "net income," "benefit for deferred income taxes" and "other, net" line items within the operating activities section of the Consolidated Statements of Cash Flows.The Corporation provided no financial or other support that was not contractually required to any of the above VIEs during the years ended December 31, 2024, 2023 and 2022.The following table summarizes the impact of these tax credit entities on the Corporation’s Consolidated Statements of Income.(in millions)Years Ended December 312024Provision for income taxes:Amortization of investments$76 Tax credits(75)Other income tax benefits related to tax credit entities(16)Total provision for income taxes$(15)

F-76

Table of ContentsNOTES TO CONSOLIDATED FINANCIAL STATEMENTSComerica Incorporated and Subsidiaries

Prior to the adoption of ASU 2023-02, only LIHTC investments qualified for the proportional amortization method of accounting. The following table summarizes the impact of these LIHTC entities on the Corporation’s Consolidated Statements of Comprehensive Income.(in millions)Years Ended December 3120232022Other noninterest income:Amortization of other tax credit investments$(4)$— Provision for income taxes:Amortization of LIHTC investments69 72 Low income housing tax credits(65)(68)Other tax benefits related to tax credit entities(21)(18)Total provision for income taxes$(17)$(14)For further information on the Corporation’s consolidation policy, see Note 1.

NOTE 10 - DEPOSITS

At December 31, 2024, the scheduled maturities of certificates of deposit and other deposits with a stated maturity were as follows:(in millions) Years Ending December 312025$4,455 202654 202714 20286 20292 Thereafter3 Total$4,534 A maturity distribution of domestic certificates of deposit of $100,000 and over follows:(in millions)  December 3120242023Three months or less$1,135 $1,083 Over three months to six months1,040 1,052 Over six