Company: CMA
Filing Date: 2025-04-30
Form Type: 10-Q
Source: 0000028412-25-000154
Chunk: 201

Company: COMERICA INC
Filing Date: 2025-04-30
Form: 10-Q
Item: Part I, Item 8
Chunk 201
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31, 2024, reflecting decreases of $1.3 billion in noninterest-bearing deposits ($1.1 billion of which was related to timing of disbursements within the Direct Express government card program), $1.0 billion in interest-bearing deposits and $940 million in medium- and long-term debt, partially offset by an increase of $1.2 billion in short-term borrowings (federal funds purchased and FHLB advances). For additional information regarding deposits, refer to "Deposit Concentrations and Uninsured Deposits" under the "Market Risk" subheading in the "Risk Management" section of this financial review. Total shareholders' equity increased $509 million, primarily reflecting a decrease in accumulated unrealized losses on investment securities available-for-sale and cash flow hedges.

44

Average Balances

Total assets decreased $1.7 billion to $77.6 billion for the three months ended March 31, 2025, compared to the three months ended December 31, 2024, driven by decreases of $889 million in interest-bearing deposits with banks, $411 million in investment securities and $403 million in total loans. The following table provides information about the change in the Corporation's average loan portfolio by loan type.

Three Months EndedPercentChange(dollar amounts in millions)March 31, 2025December 31, 2024ChangeCommercial loans $26,112 $26,198 $(86)— %Real estate construction loans3,479 3,765 (286)(8)Commercial mortgage loans14,731 14,728 3 — Lease financing727 752 (25)(3)International loans1,004 988 16 2 Residential mortgage loans1,920 1,921 (1)— Consumer loans2,241 2,265 (24)(1)Total loans$50,214 $50,617 $(403)(1)%

By line of business, the $403 million decrease in loans was primarily driven by decreases of $333 million in National Dealer Services and $248 million in Commercial Real Estate.

Total liabilities decreased $1.7 billion to $70.8 billion for the three months ended March 31, 2025, compared to the three months ended December 31, 2024, primarily reflecting decreases of $742 million in noninterest-bearing deposits, $706 million in interest-bearing deposits and $210 million in medium- and long-term debt, partially