Company: CMA
Filing Date: 2025-07-30
Form Type: 10-Q
Source: 0000028412-25-000197
Chunk: 98

Company: COMERICA INC
Filing Date: 2025-07-30
Form: 10-Q
Item: Part I, Item 1
Chunk 98
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 Corporation is providing a comparison of the quarter ended June 30, 2025 against the preceding sequential quarter. The Corporation believes providing a sequential discussion of its results of operations provides more relevant information for investors and stakeholders to understand and analyze the business. Balance sheet items are discussed in terms of average balances unless otherwise noted.

Three Months Ended June 30, 2025 Compared to Three Months Ended March 31, 2025

Three Months Ended(dollar amounts in millions, except per share data)June 30, 2025March 31, 2025Net interest income$575 $575 Provision for credit losses44 20 Noninterest income274 254 Noninterest expenses561 584 Income before income taxes244 225 Provision for income taxes45 53 Net income $199 $172 Diluted earnings per common share$1.42 $1.25 

Net income for the three months ended June 30, 2025 was $199 million, an increase of $27 million compared to $172 million for the three months ended March 31, 2025, driven by a decrease in noninterest expenses and an increase in noninterest income, partially offset by an increase in provision for credit losses. Net income per diluted common share for the three months ended June 30, 2025, which included the impact of costs related to the preferred stock redemption, was $1.42 compared to net income per diluted common share of $1.25 for the three months ended March 31, 2025, an increase of $0.17 per diluted common share. For further discussion of the preferred stock redemption, refer to Note 9 to the consolidated financial statements. 

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Analysis of Net Interest Income

Three Months EndedJune 30, 2025March 31, 2025(dollar amounts in millions)AverageBalanceInterestAverageRateAverageBalanceInterestAverageRateCommercial loans (a)$26,441 $372 5.65 %$26,112 $368 5.72 %Real estate construction loans3,499 66 7.51 3,479 64 7.47 Commercial mortgage loans14,722 243 6.63 14,731 240 6.60 Lease financing737 11 5.82 727 10 5.69 International loans1,066 18 6.59 1,004 16 6.