Company: CMA
Filing Date: 2025-07-30
Form Type: 10-Q
Source: 0000028412-25-000197
Chunk: 106

Company: COMERICA INC
Filing Date: 2025-07-30
Form: 10-Q
Item: Part I, Item 1
Chunk 106
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 3.26 Federal funds purchased281 6 4.41 13 — 5.39 Other short-term borrowings487 11 4.45 1,611 46 5.65 Medium- and long-term debt6,112 180 5.87 6,992 241 6.88 Total interest-bearing sources45,158 705 3.13 46,916 909 3.88 Noninterest-bearing deposits23,291 25,883 Accrued expenses and other liabilities2,251 2,651 Shareholders’ equity6,850 5,962 Total liabilities and shareholders’ equity$77,550 $81,412 Net interest income/rate spread$1,150 1.98 $1,081 1.32 Impact of net noninterest-bearing sources of funds 1.19 1.51 Net interest margin (as a percentage of average earning assets)  3.17  %  2.83  %

(a)Interest income on commercial loans included net expense from cash flow swaps of $161 million and $344 million for the six months ended June 30, 2025 and 2024, respectively.

(b)Nonaccrual loans are included in average balances reported and in the calculation of average rates.

(c)Average balances included $2.7 billion and $3.0 billion of unrealized losses for the six months ended June 30, 2025 and 2024, respectively; yields calculated gross of these unrealized losses.

(d)Average balances included $3 million of unrealized gains and $64 million of unrealized losses for the six months ended June 30, 2025 and 2024, respectively; yields calculated gross of these unrealized gains and losses.

(e)Average balances excluded $10 million and $3 million of collateral posted and netted against derivative liability positions for the six months ended June 30, 2025 and 2024, respectively; yields calculated gross of derivative netting amounts.

(f)Average balances excluded $83 million and $125 million of collateral received and netted against derivative asset positions for the six months ended June 30, 2025 and 2024, respectively; rates calculated gross of derivative netting amounts.

44

Rate/Volume Analysis

Six Months EndedJune 30, 2025/June 30, 202