Company: CMA
Filing Date: 2025-07-30
Form Type: 10-Q
Source: 0000028412-25-000197
Chunk: 108

Company: COMERICA INC
Filing Date: 2025-07-30
Form: 10-Q
Item: Part I, Item 1
Chunk 108
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Six Months Ended June 30,(in millions)20252024Card fees$118 $130 Fiduciary income109 109 Service charges on deposit accounts93 91 Capital markets income73 67 Commercial lending fees33 33 Brokerage fees 28 24 Letter of credit fees21 20 Bank-owned life insurance18 21 Risk management hedging income (loss)12 (8)Other noninterest income (a)23 40 Total noninterest income$528 $527 

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

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Noninterest income remained relatively stable at $528 million for the six months ended June 30, 2025, compared to $527 million for the six months ended June 30, 2024, as an increase in risk management hedging income, which included $39 million of losses related to BSBY cessation in the 2024 period, and higher capital markets income were mostly offset by decreases in other noninterest income and card fees. Other noninterest income for the 2025 period included a $4 million loss on a derivative related to Visa's Class B shares (Visa derivative), while other noninterest income for the 2024 period included a $6 million gain on the Visa derivative as well as a $5 million negotiated vendor payment.

The following table presents certain categories included in other noninterest income on the Consolidated Statements of Comprehensive Income.

Six Months Ended June 30,(in millions)20252024FHLB and FRB stock dividends$6 $9 Deferred compensation asset returns (a)3 7 All other noninterest income14 24 Other noninterest income$23 $40     

(a)Compensation deferred by the Corporation's officers and directors is invested based on investment selections of the officers and directors. Income earned on these assets is reported in other noninterest income and the corresponding change in deferred compensation plan liabilities is reported in salaries and benefits expense. 

Noninterest Expenses

Six Months Ended June 30,(in millions)20252024Salaries and benefits expense$726 $671 Outside processing fee expense131 136 Software expense96 89 Occupancy expense92 88 Equipment expense26 25 FDIC insurance expense25 55 Advertising expense19 20 Other noninterest expenses30 74 Total noninterest expenses$1,145 $1,158 

Non