Company: CMA
Filing Date: 2025-10-28
Form Type: 10-Q
Source: 0000028412-25-000235
Chunk: 114

Company: COMERICA INC
Filing Date: 2025-10-28
Form: 10-Q
Item: Part I, Item 1
Chunk 114
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30, 2025, an increase of $50 million compared to $36 million for the nine months ended September 30, 2024, reflecting increases in general Middle Market, Commercial Real Estate, Technology and Life Sciences and Energy. An analysis of the allowance for credit losses and nonperforming assets is presented under the "Credit Risk" subheading in the "Risk Management" section of this financial review.

Noninterest Income

Nine Months Ended September 30,(in millions)20252024Card fees$175 $194 Fiduciary income160 166 Service charges on deposit accounts140 137 Capital markets income110 106 Commercial lending fees50 50 Brokerage fees 42 37 Letter of credit fees31 30 Bank-owned life insurance31 33 Risk management hedging income (loss)16 (1)Other noninterest income (a)37 52 Total noninterest income$792 $804 

(a)The table below provides further details on certain categories included in other noninterest income.

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Noninterest income decreased $12 million to $792 million for the nine months ended September 30, 2025, compared to $804 million for the nine months ended September 30, 2024, driven by a decrease in card fees (mostly government card interchange fees), partially offset by an increase in risk management hedging income, which included $39 million of losses related to BSBY cessation in the 2024 period. Other noninterest income for the 2025 period included a $4 million loss on a derivative related to Visa's Class B shares (Visa derivative), while other noninterest income for the 2024 period included a $5 million negotiated vendor payment.

The following table presents certain categories included in other noninterest income on the Consolidated Statements of Comprehensive Income.

Nine Months Ended September 30,(in millions)20252024FHLB and FRB stock dividends$9 $13 Deferred compensation asset returns (a)7 11 All other noninterest income21 28 Other noninterest income$37 $52     

(a)Compensation deferred by the Corporation's officers and directors is invested based on investment selections of the officers and directors. Income earned on these assets is reported in other noninterest income and the corresponding change in deferred compensation plan liabilities is reported in salaries and benefits expense. 

Noninterest Expenses

Nine Months Ended September 30,(in millions)20252024Salaries and