Company: CMA
Filing Date: 2025-07-30
Form Type: 10-Q
Source: 0000028412-25-000197
Chunk: 204

Company: COMERICA INC
Filing Date: 2025-07-30
Form: 10-Q
Item: Part I, Item 8
Chunk 204
---
 fiscal deficit, amongst other risks.

Further analysis of the allowance for credit losses, economic forecasts, and a summary of nonperforming assets are presented under the "Credit Risk" subheading in the "Risk Management" section of this financial review. 

Noninterest Income

Three Months Ended(in millions)June 30, 2025March 31, 2025Card fees$59 $59 Fiduciary income57 52 Service charges on deposit accounts47 46 Capital markets income 42 31 Commercial lending fees 17 16 Brokerage fees14 14 Letter of credit fees10 11 Bank-owned life insurance9 9 Risk management hedging income5 7 Other noninterest income (a)14 9 Total noninterest income$274 $254 

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

Noninterest income increased $20 million to $274 million for the three months ended June 30, 2025, compared to $254 million for the three months ended March 31, 2025, reflecting increases in capital markets income, deferred compensation asset returns (mostly offset in noninterest expenses) and fiduciary income. Other noninterest income is detailed in the table below.

Three Months Ended(in millions)June 30, 2025March 31, 2025FHLB and FRB stock dividends$3 $3 Deferred compensation asset returns (a)5 (2)All other noninterest income6 8 Other noninterest income$14 $9 

(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

Three Months Ended(in millions)June 30, 2025March 31, 2025Salaries and benefits expense$358 $368 Outside processing fee expense67 64 Software expense48 48 Occupancy expense46 46 Equipment expense13 13 FDIC insurance expense11 14 Advertising expense11 8 Other noninterest expenses 7 23 Total noninterest expenses$561 $584 

Noninterest expenses decreased $23 million to $561 million for the three months ended June 30, 2025, compared to $584 million for the