Company: CMA
Filing Date: 2025-04-30
Form Type: 10-Q
Source: 0000028412-25-000154
Chunk: 182

Company: COMERICA INC
Filing Date: 2025-04-30
Form: 10-Q
Item: Part I, Item 8
Chunk 182
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 and foreign exchange risk.The Other category includes tax benefits not assigned to specific business segments, charges of an unusual or infrequent nature that are not reflective of the normal operations of the business segments and miscellaneous other expenses of a corporate nature.For further information on the methodologies which form the basis for these results refer to Note 22 to the consolidated financial statements in the Corporation's 2024 Annual Report.

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Table of ContentsNotes to Consolidated Financial Statements (unaudited)Comerica Incorporated and SubsidiariesBusiness segment financial results were as follows:(dollar amounts in millions)CommercialBankRetailBankWealth ManagementFinanceOtherTotalThree Months Ended March 31, 2025Earnings summary:Net interest income (expense)$472 $254 $48$(240)$41 $575 Provision (benefit) for credit losses31 (5)(6)— — 20 Noninterest income135 26 7123 (1)254 Salaries and benefits expense81 51 3517 184 368 Outside processing fee expense46 2 101 5 64 Occupancy expense6 25 31 11 46 Allocated corporate expense119 80 35(20)(214)— All other noninterest expenses (a)15 22 142 53 106 Total noninterest expenses267 180 971 39 584 Provision (benefit) for income taxes71 26 7(52)1 53 Net income (loss)$238 $79 $21$(166)$— $172 Net charge-offs$26 $— $— $— $— $26Selected average balances:Assets $44,960 $3,053 $5,170$17,433 $6,942 $77,558Loans 42,850 2,380 4,984— — 50,214Deposits32,750 23,638 3,6201,633 258 61,899Three Months Ended March 31, 2024Earnings summary:Net interest income (expense)$477 $200 $47$(217)$41 $548 Provision (benefit) for credit losses16 (1)1— (2)14 Noninterest income148 28 65(11)6 236 Salaries and benefits expense79 51 3614 168