Company: CMA
Filing Date: 2025-04-30
Form Type: 10-Q
Source: 0000028412-25-000154
Chunk: 62

Company: COMERICA INC
Filing Date: 2025-04-30
Form: 10-Q
Item: Part I, Item 1
Chunk 62
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 the orderly repayment of the loan. Substandard loans are also distinguished by the distinct possibility of loss in the future if these weaknesses are not corrected. Nonaccrual loans are loans for which the accrual of interest has been discontinued. For further information regarding nonaccrual loans, refer to the Nonperforming Assets subheading in Note 1 - Basis of Presentation and Accounting Policies on page F-52 in the Corporation's 2024 Annual Report. These categories are generally consistent with the "special mention" and "substandard" categories as defined by regulatory authorities. A minority of nonaccrual loans are consistent with the "doubtful" category.13

Table of ContentsNotes to Consolidated Financial Statements (unaudited)Comerica Incorporated and SubsidiariesLoan interest receivable totaled $255 million and $266 million at March 31, 2025 and December 31, 2024, respectively, and was included in accrued income and other assets on the Consolidated Balance Sheets.Allowance for Credit LossesThe following table details the changes in the allowance for credit losses. 20252024(in millions)Business LoansRetail LoansTotalBusiness LoansRetail LoansTotalThree Months Ended March 31Balance at beginning of period:Allowance for loan losses$625 $65 $690 $620 $68 $688 Allowance for credit losses on lending-related commitments28 7 35 31 9 40 Allowance for credit losses653 72 725 651 77 728 Loan charge-offs(31)(1)(32)(20)(1)(21)Recoveries on loans previously charged-off6 — 6 6 1 7 Net loan charge-offs(25)(1)(26)(14)— (14)Provision for credit losses:Provision for loan losses34 (15)19 20 (3)17 Provision for credit losses on lending-related commitments(3)4 1 (3)— (3)Provision for credit losses31 (11)20 17 (3)14 Balance at end of period:Allowance for loan losses634 49 683 626 65 691 Allowance for credit losses on lending-related commitments25 11 36 28 9 37 Allowance for credit losses$659 $60 $719 $654 $74 $728 Allowance for loan losses as a percentage of total