Company: CMA
Filing Date: 2025-11-25
Form Type: DEFM14A
Source: 0001193125-25-297173
Chunk: 157

Company: COMERICA INC
Filing Date: 2025-11-25
Form: DEFM14A
Chunk 157
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        |     |       |        |     |       |         |
| Total assets ($ millions)                                                 |     | $     | 82,072 |     | $     | 84,945 |     | $     | 87,918 |     | $     | 90,995 |     | $     | 94,180 |     | $     | 97,476 |     | $     | 100,888 |
| Risk weighted assets ($ millions)                                         |     | $     | 76,530 |     | $     | 79,208 |     | $     | 81,980 |     | $     | 84,850 |     | $     | 87,819 |     | $     | 90,893 |     | $     |  94,074 |

The above forecasts of Comerica’s NIAT available to common shareholders, earnings per share, total assets and risk-weighted assets represent Comerica’s management projections through fiscal year 2026, extrapolated results for fiscal year 2027 based on adjusted growth rates outlined in Comerica’s 2024 strategic plan, and extrapolated results for fiscal year 2028 and thereafter based on growth rates outlined in Comerica’s 2024 strategic plan. Certain Estimated Synergies and Adjustments Attributable to the Mergers Fifth Third’s management developed certain prospective financial information relating to the anticipated synergies to be realized by Fifth Third following the mergers beginning in 2026 that was provided to the Fifth Third and Comerica boards of directors. Such prospective financial information also was (i) provided to Goldman Sachs by Fifth Third management and approved by Fifth Third for Goldman Sachs’s use and reliance, and (ii) provided to J.P. Morgan and approved by Comerica for J.P. Morgan’s use and reliance in connection with such financial advisor’s respective financial analyses and opinions as described in this joint proxy statement/prospectus under “— Opinion of Fifth Third’s Financial Advisor” and “— Opinion of Comerica’s Financial Advisor.” The synergy estimates consisted of estimated cost savings, which, in the case of the synergies provided to the Fifth Third board of directors, Comerica board of directors, Goldman Sachs and J.P. Morgan, were estimated to amount to approximately $850 million in gross pre-taxcost savings, or 35% of Comerica’s forecasted 2026 operating expense, phased in 37.5% during 202