Company: CMA
Filing Date: 2025-04-30
Form Type: 10-Q
Source: 0000028412-25-000154
Chunk: 210

Company: COMERICA INC
Filing Date: 2025-04-30
Form: 10-Q
Item: Part I, Item 8
Chunk 210
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b)(17)(10)Balance at end of period$301 $308 

(a)Based on an analysis of nonaccrual loans with book balances greater than $2 million.

(b)Includes net changes related to nonaccrual loans with balances less than or equal to $2 million, payments on nonaccrual loans with book balances greater than $2 million and transfers of nonaccrual loans to foreclosed property.

There were five borrowers with a balance greater than $2 million, totaling $43 million, transferred to nonaccrual status in first quarter 2025, compared to 11 borrowers totaling $97 million in fourth quarter 2024. For further information about the composition of loans transferred to nonaccrual during first quarter 2025, refer to the nonaccrual information by industry category table below.

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The following table presents the composition of nonaccrual loans by balance and the related number of borrowers at March 31, 2025 and December 31, 2024.

March 31, 2025December 31, 2024(dollar amounts in millions)Number ofBorrowersBalanceNumber ofBorrowersBalanceUnder $2 million487 $70 490 $68 $2 million - $5 million16 54 18 64 $5 million - $10 million4 26 5 33 $10 million - $25 million7 120 6 112 Greater than $25 million1 31 1 31 Total 515 $301 520 $308 

The following table presents a summary of nonaccrual loans at March 31, 2025 as well as loans transferred to nonaccrual and net loan charge-offs (recoveries) for the three months ended March 31, 2025, based on North American Industry Classification System (NAICS) categories.

(dollar amounts in millions)March 31, 2025Three Months Ended March 31, 2025Nonaccrual LoansLoans Transferred toNonaccrual (a)Net Loan Charge-Offs (Recoveries)Industry CategoryReal Estate & Home Builders$84 28 %$28 66 %$11 Health Care & Social Assistance45 15 — — 2 Residential Mortgage35 12 — — — Information & Communication23 8 — — 6