Company: CMA
Filing Date: 2025-07-30
Form Type: 10-Q
Source: 0000028412-25-000197
Chunk: 14

Company: COMERICA INC
Filing Date: 2025-07-30
Form: 10-Q
Item: Part I, Item 2
Chunk 14
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 decrease, with FTP crediting rates for deposits typically repricing at a slower pace than FTP charge rates for funding loans. 

Business Segments

The following sections present a summary of the performance of each of the Corporation's business segments for the six months ended June 30, 2025 compared to the same period in the prior year.

Commercial Bank

Six Months Ended June 30,PercentChange(dollar amounts in millions)20252024ChangeEarnings summary:Net interest income$925 $942 $(17)(2)%Provision for credit losses79 16 63 n/mNoninterest income284 293 (9)(3)Noninterest expenses 519 525 (6)(1)Provision for income taxes130 142 (12)(8)Net income$481 $552 $(71)(13)%Net charge-offs$51 $22 $29 n/mSelected average balances:Loans $43,000 $43,810 $(810)(2) %Deposits 32,510 31,694 816 2 

n/m - not meaningful

Average loans for the six months ended June 30, 2025 decreased $810 million from the six months ended June 30, 2024, which included decreases in National Dealer Services, Corporate Banking and Commercial Real Estate, partially offset by an increase in Environmental Services. Average deposits increased $816 million for the same period, which included increases in general Middle Market, Commercial Real Estate and Equity Fund Services, partially offset by a decrease in Technology and Life Sciences. 

The Commercial Bank's net income was $481 million for the six months ended June 30, 2025, a decrease of $71 million from the six months ended June 30, 2024. Net interest income decreased $17 million due to lower income on loans, partially offset by lower allocated net FTP charges. The provision for credit losses increased $63 million, reflecting increases in Commercial Real Estate and general Middle Market, partially offset by a decrease in Corporate Banking. Net charge-offs increased $29 million to $51 million, driven by Commercial Real Estate, Energy and general Middle Market. Noninterest income decreased $9 million, primarily due to lower card fees and a $5 million negotiated vendor payment received in the 2024 period, partially offset by an increase in capital markets income. Noninterest expenses decreased $6 million, primarily reflecting a reduction in FDIC insurance expense (related to special assessment) as well as