Company: CMA
Filing Date: 2025-07-30
Form Type: 10-Q
Source: 0000028412-25-000197
Chunk: 50

Company: COMERICA INC
Filing Date: 2025-07-30
Form: 10-Q
Item: Part I, Item 1
Chunk 50
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 bank property(5)(1)Net change in:Accrued income receivable13 15 Accrued expenses payable(140)(181)Other, net389 (349)Net cash provided by (used in) operating activities749 (94)INVESTING ACTIVITIESInvestment securities available-for-sale:Maturities and redemptions627 959 Purchases— (34)Net change in loans(699)217 Proceeds from sales of foreclosed property and other bank property8 1 Net increase in premises and equipment(34)(84)Federal Home Loan Bank stock:Purchases(123)(400)Redemptions82 494 Proceeds from bank-owned life insurance settlements3 18 Other, net1 — Net cash (used in) provided by investing activities(135)1,171 FINANCING ACTIVITIESNet change in:Deposits(3,700)(4,247)Short-term borrowings2,925 (2,315)Medium- and long-term debt:Maturities and redemptions(1,000)— Issuances and advances— 1,000 Cash dividends paid on preferred stock(11)(11)Common stock:Repurchases(151)— Stock tendered for payment of withholding taxes(13)(13)Cash dividends paid(185)(185)Issuances under employee stock plans6 4 Other, net(1)— Net cash used in financing activities(2,130)(5,767)Net decrease in cash and cash equivalents(1,516)(4,690)Cash and cash equivalents at beginning of period6,804 9,502 Cash and cash equivalents at end of period$5,288 $4,812 Interest paid$735 $1,025 Income taxes paid59 62 

See notes to consolidated financial statements (unaudited).

4

NOTE 1 - BASIS OF PRESENTATION AND ACCOUNTING POLICIES

OrganizationThe accompanying unaudited consolidated financial statements were prepared in accordance with United States (U.S.) generally accepted accounting principles (GAAP) for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, the statements do not include all of the information and footnotes required by GAAP for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation were included. The