Company: CMA
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0000028412-25-000108
Chunk: 516

Company: COMERICA INC
Filing Date: 2025-02-24
Form: 10-K
Item: Item 16
Chunk 516
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141 1,141 Capital surplus2,218 2,224 Accumulated other comprehensive loss(3,161)(3,048)Retained earnings12,017 11,727 Less cost of common stock in treasury - 96,755,368 shares at 12/31/2024 and 96,266,568 shares at 12/31/2023(6,066)(6,032)Total shareholders’ equity6,543 6,406 Total liabilities and shareholders’ equity$79,297 $85,834 

See notes to consolidated financial statements.

F-40

Table of ContentsCONSOLIDATED STATEMENTS OF INCOMEComerica Incorporated and Subsidiaries

(in millions, except per share data)Years Ended December 31202420232022INTEREST INCOMEInterest and fees on loans$3,204 $3,340 $2,153 Interest on investment securities402 430 414 Interest on short-term investments333 405 105 Total interest income3,939 4,175 2,672 INTEREST EXPENSEInterest on deposits1,238 892 102 Interest on short-term borrowings48 391 17 Interest on medium- and long-term debt463 378 87 Total interest expense1,749 1,661 206 Net interest income2,190 2,514 2,466 Provision for credit losses49 89 60 Net interest income after provision for credit losses2,141 2,425 2,406 NONINTEREST INCOMECard fees256 280 273 Fiduciary income220 235 233 Service charges on deposit accounts184 185 195 Capital markets income142 147 154 Commercial lending fees68 72 68 Brokerage fees51 30 21 Bank-owned life insurance44 46 47 Letter of credit fees40 42 38 Risk management hedging income (loss)8 (42)8 Net losses on debt securities(19)— — Other noninterest income60 83 31 Total noninterest income1,054 1,078 1,068 NONINTEREST EXPENSESSalaries and benefits expense1,352 1,306 1,208 Outside processing fee expense273 277 251 Occupancy expense181 171 175 Software expense181 171 161