Company: CMA
Filing Date: 2025-07-30
Form Type: 10-Q
Source: 0000028412-25-000197
Chunk: 172

Company: COMERICA INC
Filing Date: 2025-07-30
Form: 10-Q
Item: Part I, Item 8
Chunk 172
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 during the three- and six-month periods ended June 30, 2025, $5 million and $22 million were past due at June 30, 2025, respectively, compared to all loans restructured during the three- and six-month periods ended June 30, 2024 being current under modified terms at June 30, 2024. Nonperforming restructured loans are classified as nonaccrual loans and are individually evaluated for the allowance for loan losses.For restructured loans, a subsequent payment default is defined in terms of delinquency, when a principal or interest payment is 90 days past due or classified into nonaccrual status during the reporting period. Of the loans restructured during the three- and six-month periods ended June 30, 2025, there were $5 million of commercial loans that subsequently defaulted, compared to none for the three months ended June 30, 2024 and $3 million for the six months ended June 30, 2024. 20

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

NOTE 5 - GOODWILL AND INTANGIBLES

The following table summarizes the carrying value of goodwill by reporting unit at June 30, 2025 and December 31, 2024.(in millions)June 30, 2025December 31, 2024Commercial Bank$473 $473 Retail Bank101 101 Wealth Management61 61 Total$635 $635 The annual test of goodwill impairment is performed as of July 1 each year, or more often if events or circumstances indicate that the carrying value may not be recoverable. The annual impairment test performed at the beginning of the third quarter 2024 did not indicate impairment in any of the Corporation's reporting units as of the testing date, and the Corporation determined that it was more likely than not that the fair value of each reporting unit exceeded its carrying value. During the six months ended June 30, 2025, there were no events or circumstances that indicated an interim impairment test of goodwill or other intangibles was necessary.Analyzing goodwill includes consideration of various factors that involve a degree of uncertainty, including the impacts of monetary policy actions, foreign developments and unanticipated legislative or regulatory changes, among other factors, that could cause the fair value of one or more of the reporting units to fall below their carrying value, resulting in a goodwill impairment charge in