Company: CMA
Filing Date: 2025-07-30
Form Type: 10-Q
Source: 0000028412-25-000197
Chunk: 8

Company: COMERICA INC
Filing Date: 2025-07-30
Form: 10-Q
Item: Part I, Item 2
Chunk 8
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Six Months Ended June 30, 2025 Compared to Six Months Ended June 30, 2024

Six Months Ended June 30,(dollar amounts in millions, except per share data)20252024Net interest income$1,150 $1,081 Provision for credit losses64 14 Noninterest income528 527 Noninterest expenses1,145 1,158 Income before income taxes469 436 Provision for income taxes98 92 Net income $371 $344 Diluted earnings per common share$2.66 $2.47 

Net income increased $27 million to $371 million for the six months ended June 30, 2025, compared to $344 million for the six months ended June 30, 2024, driven by an increase in net interest income and a decline in noninterest expenses, partially offset by an increase in provision for credit losses. The increase in net interest income was primarily due to the net impact of lower rates (including the impact of BSBY cessation) as well as declines in brokered deposits and FHLB advances, partially offset by decreases in deposits held with the FRB, loans and investment securities. Net income per diluted common share increased $0.19 to $2.66 for the six months ended June 30, 2025, compared to $2.47 for the six months ended June 30, 2024.

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Analysis of Net Interest Income

Six Months EndedJune 30, 2025June 30, 2024(dollar amounts in millions)AverageBalanceInterestAverageRateAverageBalanceInterestAverageRateCommercial loans (a)$26,278 $740 5.68 %$26,372 $694 5.30 %Real estate construction loans3,489 130 7.49 4,863 203 8.40 Commercial mortgage loans14,726 483 6.62 13,906 516 7.46 Lease financing732 21 5.76 804 25 6.16 International loans1,035 34 6.63 1,126 44 7.91 Residential mortgage loans1,934 40 4.10 1,890 36 3.79 Consumer loans2,247 82 7.39 2,260 93 8.28 Total loans (b)50