Company: CMA
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0000028412-25-000108
Chunk: 514

Company: COMERICA INC
Filing Date: 2025-02-24
Form: 10-K
Item: Item 16
Chunk 514
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 the relative risks and merits of tax positions taken by the Corporation. These changes, when they occur, impact the estimate of accrued taxes and could be significant to the operating results of the Corporation. For further information on tax accruals and related risks, see Note 18 to the consolidated financial statements.

SUPPLEMENTAL FINANCIAL DATA

The Corporation believes non-GAAP measures are meaningful because they reflect adjustments commonly made by management, investors, regulators and analysts to evaluate the adequacy of common equity and performance trends. Tangible common equity is used by the Corporation to measure the quality of capital and the return relative to balance sheet risk. Common equity tier 1 capital ratio removes preferred stock from the Tier 1 capital ratio as defined by and calculated in conformity with bank regulations. The tangible common equity ratio removes the effect of intangible assets from capital and total assets. Tangible common equity per share of common stock removes the effect of intangible assets from common shareholders' equity per share of common stock. 

The following table provides a reconciliation of non-GAAP financial measures and regulatory ratios used in this financial review with financial measures defined by GAAP.

(dollar amounts in millions)December 3120242023Common Equity Tier 1 Capital:Tier 1 capital $9,061 $8,808 Less:Fixed-rate reset non-cumulative perpetual preferred stock394 394 Common equity tier 1 capital $8,667 $8,414 Risk-weighted assets $72,903 $75,901 Tier 1 capital ratio12.43 %11.60 %Common equity tier 1 capital ratio11.89 11.09 Tangible Common Equity Ratio:Total shareholders' equity$6,543 $6,406 Less:Fixed-rate reset non-cumulative perpetual preferred stock394 394 Common shareholders' equity$6,149 $6,012 Less:Goodwill635 635 Other intangible assets6 8 Tangible common equity$5,508 $5,369 Total assets$79,297 $85,834 Less:Goodwill635 635 Other intangible assets6 8 Tangible assets$78,656 $85,191 Common equity ratio7.75 %7.00 %Tangible common equity ratio7.00 6.30 Tangible Common Equity per Share of Common Stock:Common shareholders' equity$6,149 $6,012 Tangible common