Company: CMA
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0000028412-25-000108
Chunk: 598

Company: COMERICA INC
Filing Date: 2025-02-24
Form: 10-K
Item: Item 16
Chunk 598
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 Corporation’s funding, liquidity and capital needs, performing interest sensitivity analysis and executing various strategies to manage the Corporation’s exposure to liquidity, interest rate risk and foreign exchange risk.The Other category includes tax benefits not assigned to specific business segments, charges of an unusual or infrequent nature that are not reflective of the normal operations of the business segments and miscellaneous other expenses of a corporate nature.

F-93

Table of ContentsNOTES TO CONSOLIDATED FINANCIAL STATEMENTSComerica Incorporated and Subsidiaries

Business segment financial results are as follows:(dollar amounts in millions)CommercialBankRetailBankWealth ManagementFinanceOtherTotalYear Ended December 31, 2024Earnings summary:Net interest income (expense)$1,869 $813 $187 $(838)$159 $2,190 Provision for credit losses47 2 (2)— 2 49 Noninterest income592 112 287 50 13 1,054 Salaries and benefits expense299 224 136 56 637 1,352 Outside processing fee expense195 19 41 5 13 273 Occupancy expense23 103 12 3 40 181 Allocated corporate expense415 272 128 (70)(745)— All other noninterest expenses (a)117 89 56 11 228 501 Total noninterest expenses1,049 707 373 5 173 2,307 Provision (benefit) for income taxes295 48 23 (179)3 190 Net income (loss)$1,070 $168 $80 $(614)$(6)$698 Net charge-offs$47 $4 $1 $— $— $52 Selected average balances:Assets$45,859 $3,038 $5,310 $18,400 $7,961 $80,568 Loans43,584 2,335 5,050 — 10 50,979 Deposits32,264 24,292 3,894 3,179 272 63,901 Year Ended December 31, 2023Earnings summary:Net interest income (expense)$2,051 $846 $208 $(693)$102 $2,514 Provision for credit losses90 3 (6)— 2 89 Noninterest