Company: CMA
Filing Date: 2025-07-30
Form Type: 10-Q
Source: 0000028412-25-000197
Chunk: 17

Company: COMERICA INC
Filing Date: 2025-07-30
Form: 10-Q
Item: Part I, Item 2
Chunk 17
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 Total354 381 

FINANCIAL CONDITION

Second Quarter 2025 Compared to Fourth Quarter 2024

Period-End Balances

Total assets decreased $1.3 billion to $78.0 billion at June 30, 2025, compared to $79.3 billion at December 31, 2024, reflecting a $1.9 billion decrease in interest-bearing deposits with banks (primarily with the FRB), partially offset by an increase of $640 million in total loans. The growth in total loans included increases of $293 million in Environmental Services and $210 million in Corporate Banking, partially offset by a decrease of $284 million in Equity Fund Services. 

Total liabilities decreased $1.6 billion to $71.1 billion at June 30, 2025, compared to $72.8 billion at December 31, 2024, reflecting decreases of $2.1 billion in interest-bearing deposits, $1.7 billion in noninterest-bearing deposits and $911 million in medium- and long-term debt, partially offset by an increase of $2.9 billion in short-term borrowings (FHLB advances and Fed Funds). For additional information regarding deposits, refer to "Deposit Concentrations and Uninsured Deposits" under the "Market Risk" subheading in the "Risk Management" section of this financial review. Total shareholders' equity increased $317 million, primarily reflecting a decrease in accumulated unrealized losses on investment securities available-for-sale and cash flow hedges as well as net income, partially offset by the redemption of preferred stock.

49

Average Balances

Total assets decreased $1.7 billion to $77.5 billion for the three months ended June 30, 2025, compared to the three months ended December 31, 2024, which included decreases of $1.2 billion in interest-bearing deposits with banks and $580 million in investment securities. The following table provides information about the change in the Corporation's average loan portfolio by loan type.

Three Months EndedPercentChange(dollar amounts in millions)June 30, 2025December 31, 2024ChangeCommercial loans $26,441 $26,198 $243 1 %Real estate construction loans3,499 3,765 (266)(7)Commercial mortgage loans14,722 14,728 (6)— Lease financing737 752 (15)(2)International loans1,066 988