Company: CMA
Filing Date: 2025-07-30
Form Type: 10-Q
Source: 0000028412-25-000197
Chunk: 186

Company: COMERICA INC
Filing Date: 2025-07-30
Form: 10-Q
Item: Part I, Item 8
Chunk 186
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 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, net of tax (a)$(267)$(814)Accumulated defined benefit pension and other postretirement plans adjustment:Balance at beginning of period, net of tax $(368)$(400)Amounts recognized in other noninterest expenses:Amortization of actuarial net loss 13 13 Amortization of prior service credit(9)(10)Total amounts recognized in other noninterest expenses 4 3 Less: Provision for income taxes1 — Adjustment for amounts recognized as components of net periodic benefit credit during the period, net of tax 3 3 Change in defined benefit pension and other postretirement plans adjustment, net of tax 3 3 Balance at end of period, net of tax $(365)$(397)Total accumulated other comprehensive loss at end of period, net of tax$(2,499)$(3,463)(a)The Corporation expects to reclassify $145 million of losses, net of tax, from accumulated other comprehensive loss to earnings over the next twelve months if interest yield curves and notional amounts remain at June 30, 2025 levels.

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

NOTE 11 - NET INCOME PER COMMON SHARE 

Basic and diluted net income per common share are presented in the following table.Three Months Ended June 30,Six Months Ended June 30,(in millions, except per share data)2025202420252024Basic and dilutedNet income$199 $206 $371 $344 Less:Income allocated to participating securities1 1 2 2 Preferred stock dividends and other (a)11 5 17 11 Net income attributable to common shares$187 $200 $352 $331 Basic average common shares131 133 131 133 Basic net income per common