Company: CMA
Filing Date: 2025-10-28
Form Type: 10-Q
Source: 0000028412-25-000235
Chunk: 229

Company: COMERICA INC
Filing Date: 2025-10-28
Form: 10-Q
Item: Part I, Item 8
Chunk 229
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(1)—(1)n/mNoninterest income6961816Noninterest expenses14113564 Benefit for income taxes(146)(134)(12)8 Net loss$(463)$(480)$17(4)%Selected average balances:Loans$5$12$(7)(59)%Deposits 1,7453,944(2,199)(55)n/m - not meaningful

Average deposits for the nine months ended September 30, 2025, which primarily consisted of centrally-managed brokered time deposits fully insured by the FDIC, decreased $2.2 billion from the nine months ended September 30, 2024. Net loss for the Finance and Other category was $463 million for the nine months ended September 30, 2025, a decrease of $17 million from the nine months ended September 30, 2024. Net interest expense increased $2 million, reflecting the impact of interest rate swaps (which are centrally managed). Noninterest income increased $8 million, primarily due to higher risk management hedging income (impact of BSBY cessation in the 2024 period), partially offset by a decrease in investment fees. Noninterest expenses increased $6 million, reflecting an increase in salaries and benefits expense, partially offset by higher corporate expenses allocated to other business lines and lower consultant fees.

The following table lists the Corporation's banking centers by geographic market. 

September 30,20252024Michigan143159Texas107113California8588Other Markets18 20 Total353 380 

FINANCIAL CONDITION

Third Quarter 2025 Compared to Fourth Quarter 2024

Period-End Balances

Total assets decreased $1.9 billion to $77.4 billion at September 30, 2025, compared to $79.3 billion at December 31, 2024, reflecting a $1.9 billion decrease in interest-bearing deposits with banks (primarily with the FRB), partially offset by an increase of $347 million in total loans. The growth in total loans included increases of $593 million in Environmental Services and $282 million in Wealth Management, partially offset by a decrease of $395 million in National Dealer Services.

Total liabilities decreased $2.8 billion to $69.9 billion at September 30, 2025, compared to $72.8 billion at December 31, 2024, reflecting decreases of $1.8 billion in noninterest-bearing deposits and $1.3 billion