Company: CMA
Filing Date: 2025-07-30
Form Type: 10-Q
Source: 0000028412-25-000197
Chunk: 47

Company: COMERICA INC
Filing Date: 2025-07-30
Form: 10-Q
Item: Part I, Item 1
Chunk 47
---
 12 19 20 Other noninterest expenses7 31 30 74 Total noninterest expenses561 555 1,145 1,158 Income before income taxes244 269 469 436 Provision for income taxes45 63 98 92 NET INCOME199 206 371 344 Less:Income allocated to participating securities1 1 2 2 Preferred stock dividends and other11 5 17 11 Net income attributable to common shares$187 $200 $352 $331 Earnings per common share:Basic$1.43 $1.50 $2.69 $2.49 Diluted1.42 1.49 2.66 2.47 Comprehensive income (loss)395 200 1,033 (71)Cash dividends declared on common stock93 95 186 189 Cash dividends declared per common share0.71 0.71 1.42 1.42 

See notes to consolidated financial statements (unaudited).

2

Table of ContentsCONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS’ EQUITY (unaudited)Comerica Incorporated and Subsidiaries

Accumulated Other Comprehensive LossNonredeemable Preferred StockCommon StockTotal Shareholders' EquityShares OutstandingCapital SurplusRetained EarningsTreasury Stock(in millions, except per share data)AmountBALANCE AT MARCH 31, 2024$394 132.5 $1,141 $2,202 $(3,457)$11,765 $(5,995)$6,050Net income— — — — — 206 — 206Other comprehensive loss, net of tax— — — — (6)— — (6)Cash dividends declared on common stock ($0.71 per share)— — — — — (95)— (95)Cash dividends declared on preferred stock— — — — — (5)— (5)Net issuance of common stock under employee stock plans— 0.1 — (1)— (4)7 2Share-based compensation— — — 9 — — — 9BALANCE AT JUNE 30, 2024$394 132.6 $1,141 $