Company: CMA
Filing Date: 2025-07-30
Form Type: 10-Q
Source: 0000028412-25-000197
Chunk: 117

Company: COMERICA INC
Filing Date: 2025-07-30
Form: 10-Q
Item: Part I, Item 1
Chunk 117
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 through open market repurchases, privately negotiated transactions, structured repurchase agreements with third parties and/or otherwise, including utilizing Rule 10b5-1 plans. The repurchased shares may be held as treasury stock or retired. The timing and actual amount of additional share repurchases are subject to various factors, including the Corporation's earnings generation, capital needs to fund future loan growth and market conditions.

The Corporation has a long-term Common Equity Tier 1 (CET1) capital ratio target of approximately 10% with capital deployment. At June 30, 2025, the Corporation's estimated CET1 capital ratio was 11.94%, up from 11.89% at December 31, 2024.

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The following table presents the minimum ratios required under the Basel III regulatory framework to which the Corporation is subject.

Common equity tier 1 capital to risk-weighted assets4.5  %Tier 1 capital to risk-weighted assets6.0 Total capital to risk-weighted assets8.0 Capital conservation buffer (a)2.5 Tier 1 capital to adjusted average assets (leverage ratio)4.0 

(a)In addition to the minimum risk-based capital requirements, the Corporation is required to maintain a minimum capital conservation buffer, in the form of common equity, in order to avoid restrictions on capital distributions and discretionary bonuses.

The Corporation's capital ratios exceeded minimum regulatory requirements as follows:

June 30, 2025December 31, 2024(dollar amounts in millions)Capital/AssetsRatioCapital/AssetsRatioCommon equity tier 1 (a), (b)$8,718 11.94  %$8,667 11.89  %Tier 1 risk-based (a), (b)8,718 11.94 9,061 12.43 Total risk-based (a) 10,030 13.74 10,363 14.21 Leverage (a) 8,718 10.90 9,061 11.08 Common shareholders' equity 6,860 8.80 6,149 7.75 Tangible common equity (b)6,220 8.04 5,508 7.00 Risk-weighted assets (a)72,988 72,903 

(a)June 30, 2025 capital, risk-weighted assets and ratios are estimated.

(b)See Supplemental Financial