Company: CMA
Filing Date: 2025-10-28
Form Type: 10-Q
Source: 0000028412-25-000235
Chunk: 11

Company: COMERICA INC
Filing Date: 2025-10-28
Form: 10-Q
Item: Part I, Item 2
Chunk 11
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,074 7,415 Total assets$77,795 $81,016 Money market and interest-bearing checking deposits (f)$32,584 682 2.79 $29,585 724 3.26 Savings deposits2,100 3 0.17 2,277 4 0.21 Customer certificates of deposit3,210 69 2.86 3,797 103 3.61 Other time deposits877 34 5.12 3,035 120 5.30 Foreign office time deposits24 — 3.62 22 1 4.39 Total interest-bearing deposits38,795 788 2.71 38,716 952 3.28 Federal funds purchased220 7 4.38 9 — 5.39 Other short-term borrowings628 21 4.47 1,095 47 5.65 Medium- and long-term debt5,910 261 5.89 6,944 358 6.87 Total interest-bearing sources45,553 1,077 3.15 46,764 1,357 3.86 Noninterest-bearing deposits23,167 25,371 Accrued expenses and other liabilities2,155 2,588 Shareholders’ equity6,920 6,293 Total liabilities and shareholders’ equity$77,795 $81,016 Net interest income/rate spread$1,724 1.96 $1,615 1.33 Impact of net noninterest-bearing sources of funds 1.18 1.49 Net interest margin (as a percentage of average earning assets)  3.14  %  2.82  %

(a)Interest income on commercial loans included net expense from cash flow swaps of $246 million and $522 million for the nine months ended September 30, 2025 and 2024, respectively.

(b)Nonaccrual loans are included in average balances reported and in the calculation of average rates.

(c)Average balances included $2.6 billion and $2.8 billion of unrealized losses for the nine months ended September 30, 2025 and 2024, respectively; yields calculated gross of these unrealized losses.

(d)Average balances included $3 million of unrealized gains and $55 million of