Company: CMA
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0000028412-25-000108
Chunk: 485

Company: COMERICA INC
Filing Date: 2025-02-24
Form: 10-K
Item: Item 16
Chunk 485
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-Offs (Recoveries) Ratio (a)Net Loan Charge-Offs (Recoveries)Net Charge-Offs (Recoveries) Ratio (a)Net Loan Charge-Offs (Recoveries)Net Charge-Offs (Recoveries) Ratio (a)Commercial$40 0.15 %$9 0.03 %$18 0.06 %Commercial mortgage13 0.09 (1)(0.01)— — Lease financing4 0.51 — — — — International(5)(0.47)13 1.06 — — Residential mortgage— — — — (1)(0.03)Consumer— — 1 0.04 — — Total loans$52 0.10 %$22 0.04 %$17 0.03 %

(a)Net charge-offs (recoveries) as a percentage of related average loans outstanding.

Net loan charge-offs totaled $52 million for the year ended December 31, 2024, a $30 million increase from net loan charge-offs of $22 million for the year ended December 31, 2023. See "Provision for Credit Losses" in the "Results of Operations" section of this financial review for more information about net loan charge-offs. 

Allocation of the Allowance for Credit Losses

20242023(dollar amounts in millions)AllocatedAllowance Allowance Ratio (a)% (b)AllocatedAllowanceAllowance Ratio (a)% (b)December 31,Allowance for loan lossesBusiness loansCommercial$315 1.19 %52 %$303 1.11 %52 %Real estate construction35 0.95 7 71 1.39 10 Commercial mortgage257 1.78 29 226 1.66 26 Lease financing13 1.75 1 12 1.44 2 International5 0.56 2 8 0.71 2 Total business loans625 1.35 91 620 1.29 92 Retail loansResidential mortgage25 1.31 4 28 1.50 4 Consumer40 1.76 5 40 1.74 4 Total retail loans65 1.