Company: CMA
Filing Date: 2025-07-30
Form Type: 10-Q
Source: 0000028412-25-000197
Chunk: 113

Company: COMERICA INC
Filing Date: 2025-07-30
Form: 10-Q
Item: Part I, Item 1
Chunk 113
---
 ended June 30, 2024. Net interest expense increased $10 million, reflecting the impact of interest rate swaps (which are centrally managed) as well as increased balances from higher-cost funding sources. Noninterest income increased $15 million, primarily due to higher risk management hedging income (impact of BSBY cessation in the 2024 period), partially offset by a decrease in investment fees. Noninterest expenses increased $7 million, reflecting an increase in salaries and benefits expense, partially offset by lower consultant fees and higher corporate expenses allocated to other business lines.

The following table lists the Corporation's banking centers by geographic market. 

June 30,20252024Michigan143159Texas108114California8588Other Markets18 20 Total354 381 

FINANCIAL CONDITION

Second Quarter 2025 Compared to Fourth Quarter 2024

Period-End Balances

Total assets decreased $1.3 billion to $78.0 billion at June 30, 2025, compared to $79.3 billion at December 31, 2024, reflecting a $1.9 billion decrease in interest-bearing deposits with banks (primarily with the FRB), partially offset by an increase of $640 million in total loans. The growth in total loans included increases of $293 million in Environmental Services and $210 million in Corporate Banking, partially offset by a decrease of $284 million in Equity Fund Services. 

Total liabilities decreased $1.6 billion to $71.1 billion at June 30, 2025, compared to $72.8 billion at December 31, 2024, reflecting decreases of $2.1 billion in interest-bearing deposits, $1.7 billion in noninterest-bearing deposits and $911 million in medium- and long-term debt, partially offset by an increase of $2.9 billion in short-term borrowings (FHLB advances and Fed Funds). 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 $317 million, primarily reflecting a decrease in accumulated unrealized losses on investment securities available-for-sale and cash flow hedges as well as net income, partially offset by the redemption of preferred stock.

49

Average Balances

Total assets decreased $1.7 billion to $77.5 billion for the three months ended June 30, 2025, compared to