Company: CMA
Filing Date: 2025-10-28
Form Type: 10-Q
Source: 0000028412-25-000235
Chunk: 172

Company: COMERICA INC
Filing Date: 2025-10-28
Form: 10-Q
Item: Part I, Item 8
Chunk 172
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193 $13,605 $2,193 982 December 31, 2024U.S. Treasury securities$438 $— $25 $1 $463 $1 7 Residential mortgage-backed securities (a)— — 9,074 2,304 9,074 2,304 913 Commercial mortgage-backed securities (a)14 — 4,678 569 4,692 569 252 Total temporarily impaired securities$452 $— $13,777 $2,874 $14,229 $2,874 1,172 (a)Issued and/or guaranteed by U.S. government agencies or U.S. government-sponsored enterprises.Unrealized losses on investment securities resulted from changes in market interest rates. The Corporation’s portfolio is comprised of securities issued or guaranteed by U.S. government agencies or government-sponsored enterprises. As such, it is expected that the securities would not be settled at a price less than the amortized cost of the investments. Further, the Corporation does not intend to sell the investments, and it is not more-likely-than-not that it will be required to sell the investments before recovery of amortized costs. No allowance for credit losses was recorded on securities in an unrealized loss position at September 30, 2025 or December 31, 2024.Interest receivable on investment securities totaled $37 million at September 30, 2025 and $38 million at December 31, 2024 and was included in accrued income and other assets on the Consolidated Balance Sheets. The investment securities portfolio included floating-rate securities with a fair value of $2 million and $3 million at September 30, 2025 and December 31, 2024, respectively.There were no sales, calls or write-downs of investment securities available-for-sale during the three- and nine-month periods ended September 30, 2025 or September 30, 2024. 

10

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

The following table summarizes the amortized cost and fair values of investment securities by contractual maturity. Securities with multiple maturity dates are classified in the period of final maturity. The actual cash flows of mortgage-backed securities may differ as borrowers of the underlying loans may exercise prepayment options. Expected maturities will differ from contractual maturities because borrowers may have the right to call or