Company: CMA
Filing Date: 2025-04-30
Form Type: 10-Q
Source: 0000028412-25-000154
Chunk: 44

Company: COMERICA INC
Filing Date: 2025-04-30
Form: 10-Q
Item: Part I, Item 1
Chunk 44
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Item 1. Financial Statements

CONSOLIDATED BALANCE SHEETS

Comerica Incorporated and Subsidiaries

(in millions, except share data)March 31, 2025December 31, 2024(unaudited)ASSETSCash and due from banks$1,083 $850Interest-bearing deposits with banks4,709 5,954Other short-term investments379 375Investment securities available-for-sale15,102 15,045Commercial loans25,801 26,492Real estate construction loans3,393 3,680Commercial mortgage loans14,788 14,493Lease financing734 722International loans1,036 952Residential mortgage loans1,916 1,929Consumer loans2,244 2,271Total loans49,912 50,539Allowance for loan losses(683)(690)Net loans49,229 49,849Premises and equipment447 473Accrued income and other assets6,673 6,751Total assets$77,622 $79,297LIABILITIES AND SHAREHOLDERS’ EQUITYNoninterest-bearing deposits$23,156 $24,425Money market and interest-bearing checking deposits32,029 32,714Savings deposits2,147 2,138Customer certificates of deposit3,095 3,450Other time deposits1,052 1,052Foreign office time deposits26 32Total interest-bearing deposits38,349 39,386Total deposits61,505 63,811Short-term borrowings1,225 —Accrued expenses and other liabilities2,107 2,270Medium- and long-term debt5,733 6,673Total liabilities70,570 72,754Fixed rate reset non-cumulative perpetual preferred stock, series A, no par value, $100,000 liquidation preference per share:Authorized - 4,000 sharesIssued - 4,000 shares394 394Common stock - $5 par value:Authorized - 325,000,000 sharesIssued - 228,164,824 shares1,141 1,141Capital surplus2,198 2,218Accumulated other comprehensive loss(2,695)(3,161)Retained earnings12,093 12,017Less cost of common stock in treasury - 96,945,906 shares at 3/31/2025 and 96,755,368 shares at 12/31