Company: CMA
Filing Date: 2025-10-28
Form Type: 10-Q
Source: 0000028412-25-000235
Chunk: 135

Company: COMERICA INC
Filing Date: 2025-10-28
Form: 10-Q
Item: Part I, Item 1
Chunk 135
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, $34 million were on nonaccrual status at September 30, 2025, a decrease of $3 million compared to December 31, 2024. The home equity portfolio totaled $1.8 billion at September 30, 2025, of which 95% was outstanding under primarily variable-rate, interest-only home equity lines of credit and 5% were in amortizing status. Of the $1.8 billion of home equity loans outstanding, $29 million were on nonaccrual status at September 30, 2025. A majority of the home equity portfolio was secured by junior liens at September 30, 2025. 

Loans to Non-Depository Financial Institutions

Loans to non-depository financial institutions (NDFIs) totaled $2.7 billion, or 5% of total loans, at September 30, 2025, relatively stable compared to December 31, 2024. At September 30, 2025, 77% of loans to NDFIs were to private equity funds, 17% to various other categories and 6% to consumer credit intermediaries. Like the Corporation’s other commercial loans, loans to NDFIs are underwritten using a comprehensive analysis of the borrower’s operations, which could include the borrower’s business model and industry characteristics, periodic review of financial statements, proforma financial condition and the borrower’s sources and uses of funds.  

Energy Lending

The Corporation has a portfolio of Energy loans that are included entirely in commercial loans in the Consolidated Balance Sheets. Customers in the Corporation's Energy business line are engaged in exploration and production (E&P) and midstream. E&P generally includes activities such as searching for potential oil and gas fields, drilling exploratory wells and operating active wells. Commitments to E&P borrowers are generally subject to semi-annual borrowing base re-determinations based on a variety of factors including updated prices (reflecting market and competitive conditions), energy reserve levels and the impact of hedging. The midstream sector is generally involved in the transportation, storage and marketing of crude and/or refined oil and gas products. Approximately 86% of loans in the Energy business line are Shared National Credits (SNC), which are facilities greater than or equal to $100 million shared by three or more federally supervised institutions, reflecting the Corporation's focus on larger middle market companies that have financing needs that generally exceed internal individual borrower credit risk limits. The Corporation seeks to develop full relationships