Company: CMA
Filing Date: 2025-07-30
Form Type: 10-Q
Source: 0000028412-25-000197
Chunk: 45

Company: COMERICA INC
Filing Date: 2025-07-30
Form: 10-Q
Item: Part I, Item 1
Chunk 45
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Item 1. Financial Statements

CONSOLIDATED BALANCE SHEETS

Comerica Incorporated and Subsidiaries

(in millions, except share data)June 30, 2025December 31, 2024(unaudited)ASSETSCash and due from banks$1,239 $850Interest-bearing deposits with banks4,049 5,954Other short-term investments334 375Investment securities available-for-sale14,874 15,045Commercial loans26,848 26,492Real estate construction loans3,558 3,680Commercial mortgage loans14,725 14,493Lease financing754 722International loans1,112 952Residential mortgage loans1,954 1,929Consumer loans2,228 2,271Total loans51,179 50,539Allowance for loan losses(698)(690)Net loans50,481 49,849Premises and equipment436 473Accrued income and other assets6,575 6,751Total assets$77,988 $79,297LIABILITIES AND SHAREHOLDERS’ EQUITYNoninterest-bearing deposits$22,697 $24,425Money market and interest-bearing checking deposits31,397 32,714Savings deposits2,094 2,138Customer certificates of deposit3,111 3,450Other time deposits688 1,052Foreign office time deposits16 32Total interest-bearing deposits37,306 39,386Total deposits60,003 63,811Short-term borrowings2,925 —Accrued expenses and other liabilities2,438 2,270Medium- and long-term debt5,762 6,673Total liabilities71,128 72,754Fixed rate reset non-cumulative perpetual preferred stock, series A, no par value, $100,000 liquidation preference per share:4,000 shares authorized and issued at 12/31/2024 (a)— 394Common stock - $5 par value:Authorized - 325,000,000 sharesIssued - 228,164,824 shares1,141 1,141Capital surplus2,199 2,218Accumulated other comprehensive loss(2,499)(3,161)Retained earnings12,185 12,017Less cost of common stock in treasury - 98,488,066 shares at 6/30/2025 and 96,755,368 shares at 12/31