Company: CMA
Filing Date: 2025-04-30
Form Type: 10-Q
Source: 0000028412-25-000154
Chunk: 214

Company: COMERICA INC
Filing Date: 2025-04-30
Form: 10-Q
Item: Part I, Item 8
Chunk 214
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ending - Dealer

The following table presents a summary of automotive dealership loans.

March 31, 2025December 31, 2024(in millions)LoansOutstandingPercent ofTotal LoansLoansOutstandingPercent ofTotal LoansDealer:Floor plan$2,190 $2,279 Other 3,138 3,234 Total dealer$5,328 10.7 %$5,513 10.9 %

Substantially all dealer loans are in the National Dealer Services business line and primarily include floor plan financing and other loans to automotive dealerships. Floor plan loans, included in commercial loans in the Consolidated Balance Sheets, totaled $2.2 billion at March 31, 2025, a decrease of $89 million compared to $2.3 billion at December 31, 2024. At March 31, 2025 and December 31, 2024, other loans to automotive dealers in the National Dealer Service business line totaled $3.1 billion and $3.2 billion, respectively, including $1.8 billion of owner-occupied commercial real estate mortgage loans for both March 31, 2025 and December 31, 2024.

There were no nonaccrual dealer loans at both March 31, 2025 and December 31, 2024. Additionally, there were no net charge-offs of dealer loans during the three months ended March 31, 2025, December 31, 2024, or March 31, 2024.

Automotive Lending - Production

The following table presents a summary of loans to borrowers involved with automotive production.

March 31, 2025December 31, 2024(in millions)LoansOutstandingPercent ofTotal LoansLoansOutstandingPercent ofTotal LoansProduction:Domestic$485 $499 Foreign251 265 Total production$736 1.5 %$764 1.5 %

Loans to borrowers involved with automotive production, primarily Tier 1 and Tier 2 suppliers, totaled $736 million at March 31, 2025 and $764 million at December 31, 2024. These borrowers have faced, and could face in the future, financial difficulties due to disruptions in auto production, issues with supply chains and logistics operations and impacts resulting from labor union strikes. As such, management continues to monitor this portfolio.

There were no