Company: CMA
Filing Date: 2025-04-30
Form Type: 10-Q
Source: 0000028412-25-000154
Chunk: 80

Company: COMERICA INC
Filing Date: 2025-04-30
Form: 10-Q
Item: Part I, Item 1
Chunk 80
---
1.25 $0.98 The following average shares related to outstanding options to purchase shares of common stock that were not included in the computation of diluted net income per common share because the options were anti-dilutive for the period.Three Months Ended March 31,(average outstanding options in thousands)20252024Average outstanding options1,252 1,785 Range of exercise prices $63.15 - $95.25$53.96 - $95.25

27

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

NOTE 11 - EMPLOYEE BENEFIT PLANS

Net periodic defined benefit cost (credit) is comprised of service cost and other components of net benefit cost (credit). Service cost is included in salaries and benefits expense and other components of net benefit cost (credit) are included in other noninterest expenses on the Consolidated Statements of Comprehensive Income. For further information on the Corporation's employee benefit plans, refer to Note 17 to the consolidated financial statements in the Corporation's 2024 Annual Report.The components of net periodic benefit cost (credit) for the Corporation's qualified pension plan, non-qualified pension plan and postretirement benefit plan are as follows.Qualified Defined Benefit Pension PlanThree Months Ended March 31,(in millions)20252024Service cost$9 $8 Other components of net benefit credit:Interest cost21 21 Expected return on plan assets(44)(45)Amortization of prior service credit(4)(3)Amortization of net loss 6 6 Total other components of net benefit credit(21)(21)Net periodic defined benefit credit$(12)$(13)Non-Qualified Defined Benefit Pension PlanThree Months Ended March 31,(in millions)20252024Service cost$1 $1 Other components of net benefit cost:Interest cost2 2 Amortization of prior service credit(1)(2)Amortization of net loss1 1 Total other components of net benefit cost2 1 Net periodic defined benefit cost$3 $2 Postretirement Benefit PlanThree Months Ended March 31,(in millions)20252024Other components of net benefit credit:Expected return on plan assets$(1)$(1)Net periodic defined benefit credit$(1)$(1)

NOTE 12 - INCOME TAXES AND TAX-RELATED ITEMS

Unrecognized tax benefits were $8 million at both March