Company: CMA
Filing Date: 2025-07-30
Form Type: 10-Q
Source: 0000028412-25-000197
Chunk: 46

Company: COMERICA INC
Filing Date: 2025-07-30
Form: 10-Q
Item: Part I, Item 1
Chunk 46
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/2024(6,166)(6,066)Total shareholders’ equity6,860 6,543Total liabilities and shareholders’ equity$77,988 $79,297

See notes to consolidated financial statements (unaudited).

(a)Refer to Note 9 for more information regarding preferred stock redemption.

1

Table of ContentsCONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (unaudited)Comerica Incorporated and Subsidiaries 

Three Months Ended June 30,Six Months Ended June 30,(in millions, except per share data)2025202420252024INTEREST INCOMEInterest and fees on loans$771 $803 $1,530 $1,611 Interest on investment securities107 101 216 203 Interest on short-term investments53 67 109 176 Total interest income931 971 1,855 1,990 INTEREST EXPENSEInterest on deposits256 305 508 622 Interest on short-term borrowings15 9 17 46 Interest on medium- and long-term debt85 124 180 241 Total interest expense356 438 705 909 Net interest income575 533 1,150 1,081 Provision for credit losses44 — 64 14 Net interest income after provision for credit losses531 533 1,086 1,067 NONINTEREST INCOMECard fees59 64 118 130 Fiduciary income57 58 109 109 Service charges on deposit accounts47 46 93 91 Capital markets income42 37 73 67 Commercial lending fees17 17 33 33 Brokerage fees14 14 28 24 Letter of credit fees10 10 21 20 Bank-owned life insurance9 11 18 21 Risk management hedging income (loss)5 17 12 (8)Other noninterest income14 17 23 40 Total noninterest income274 291 528 527 NONINTEREST EXPENSESSalaries and benefits expense358 323 726 671 Outside processing fee expense67 68 131 136 Software expense48 45 96 89 Occupancy expense46 44 92 88 Equipment expense13 13 26 25 FDIC insurance expense11 19 25 55 Advertising expense11