Company: CMA
Filing Date: 2025-07-30
Form Type: 10-Q
Source: 0000028412-25-000197
Chunk: 84

Company: COMERICA INC
Filing Date: 2025-07-30
Form: 10-Q
Item: Part I, Item 1
Chunk 84
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 a redemption price of $1,000 per depositary share (equivalent to $100,000 per share of Series A Preferred Stock), effective July 1, 2025. Accordingly, $400 million was reclassified from shareholders' equity to other liabilities in the Consolidated Balance Sheets as of the date of the notice of redemption. The last quarterly dividends on the Series A Preferred Stock were paid on July 1, 2025, to holders of record at the close of business on June 13, 2025. 

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Table of ContentsNotes to Consolidated Financial Statements (unaudited)Comerica Incorporated and Subsidiaries

NOTE 10 - ACCUMULATED OTHER COMPREHENSIVE LOSS 

The following table presents a reconciliation of the changes in the components of accumulated other comprehensive loss and details the components of other comprehensive income (loss) for the six months ended June 30, 2025 and 2024, including the amount of income tax expense (benefit) allocated to each component of other comprehensive income (loss).Six Months Ended June 30,(in millions)20252024Accumulated net unrealized losses on investment securities:Balance at beginning of period, net of tax$(2,197)$(2,043)Net unrealized holding gains (losses) arising during the period437 (282)Less: Provision (benefit) for income taxes107 (73)Change in net unrealized losses on investment securities, net of tax330 (209)Balance at end of period, net of tax$(1,867)$(2,252)Accumulated net losses on cash flow hedges:Balance at beginning of period, net of tax$(596)$(605)Net cash flow hedge gains (losses) arising during the period273 (620)Less: Provision (benefit) for income taxes66 (150)Change in net cash flow hedge losses arising during the period, net of tax207 (470)Less:Net cash flow losses included in interest and fees on loans(212)(329)Net accretion (amortization) of unrealized losses related to de-designated derivatives included in interest and fees on loans51 (15)Less: Benefit for income taxes(39)(83)Reclassification adjustment for net cash flow hedge losses included in net income, net of tax(122)(261)Change in net cash flow hedge losses, net of tax329 (209)Balance at end of period