Company: CMA
Filing Date: 2025-10-28
Form Type: 10-Q
Source: 0000028412-25-000235
Chunk: 5

Company: COMERICA INC
Filing Date: 2025-10-28
Form: 10-Q
Item: Part I, Item 2
Chunk 5
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4.41 Other short-term borrowings908 10 4.48 964 11 4.45 Medium- and long-term debt5,512 81 5.93 5,740 85 5.92 Total interest-bearing sources46,331 372 3.19 45,220 356 3.15 Noninterest-bearing deposits22,923 23,107 Accrued expenses and other liabilities1,964 2,280 Shareholders’ equity7,058 6,936 Total liabilities and shareholders’ equity$78,276 $77,543 Net interest income/rate spread$574 1.91 $575 1.96 Impact of net noninterest-bearing sources of funds 1.18 1.20 Net interest margin (as a percentage of average earning assets)  3.09  %  3.16  %

(a)Interest income on commercial loans included net expense from cash flow swaps of $85 million and $83 million for the three months ended September 30, 2025 and June 30, 2025, respectively.

(b)Nonaccrual loans are included in average balances reported and in the calculation of average rates.

(c)Average balances included $2.4 billion and $2.6 billion of unrealized losses for the three months ended September 30, 2025 and June 30, 2025, respectively; yields calculated gross of these unrealized losses.

(d)Average balances included $5 million and $4 million of unrealized gains for the three months ended September 30, 2025 and June 30, 2025, respectively; yields calculated gross of these unrealized gains.

(e)Average balances excluded $10 million and $18 million of collateral posted and netted against derivative liability positions for the three months ended September 30, 2025 and June 30, 2025, respectively; yields calculated gross of derivative netting amounts.

(f)Average balances excluded $72 million and $96 million of collateral received and netted against derivative asset positions for the three months ended September 30, 2025 and June 30, 2025, respectively; rates calculated gross of derivative netting amounts.

42

Rate/Volume Analysis

Three Months EndedSeptember 30, 2025/June 30, 2025(in millions)Increase (Decrease) Due to Rate (a)Increase (Decre