Company: CMA
Filing Date: 2025-04-30
Form Type: 10-Q
Source: 0000028412-25-000154
Chunk: 190

Company: COMERICA INC
Filing Date: 2025-04-30
Form: 10-Q
Item: Part I, Item 8
Chunk 190
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, refer to the "Market and Liquidity Risk" section of this financial review.

Provision for Credit Losses

The provision for credit losses, which includes the provision for loan losses and the provision for credit losses on lending-related commitments, was $20 million for the three months ended March 31, 2025, compared to $21 million for the three months ended December 31, 2024. The allowance for credit losses decreased $6 million to $719 million at March 31, 2025, compared to $725 million at December 31, 2024, reflecting the impact of changes in loan portfolio composition and relatively stable macroeconomic variables, as well as a rise in economic uncertainty. As a percentage of total loans, the allowance for credit losses was 1.44% at both March 31, 2025 and December 31, 2024. 

Net loan charge-offs were $26 million for the three months ended March 31, 2025, an increase of $10 million from $16 million for the three months ended December 31, 2024, reflecting increases in Commercial Real Estate, Entertainment and Corporate Banking, partially offset by a decline in general Middle Market charge-offs. The provision for credit losses on lending-related commitments was $1 million for both the three months ended March 31, 2025 and December 31, 2024.

An analysis of the allowance for credit losses and a summary of nonperforming assets are presented under the "Credit Risk" subheading in the "Risk Management" section of this financial review. 

36

Noninterest Income

Three Months Ended(in millions)March 31, 2025December 31, 2024Card fees$59 $62 Fiduciary income52 54 Service charges on deposit accounts46 47 Capital markets income 31 36 Commercial lending fees 16 18 Brokerage fees14 14 Letter of credit fees11 10 Bank-owned life insurance9 11 Risk management hedging income7 9 Net losses on debt securities— (19)Other noninterest income (a)9 8 Total noninterest income$254 $250 

(a)The table below provides further details on certain categories included in other noninterest income.

Noninterest income increased $4 million to $254 million for the three months ended March 31, 2025, compared to $250 million for the three months ended December 31,