Company: CMA
Filing Date: 2025-03-17
Form Type: DEF 14A
Source: 0000028412-25-000135
Chunk: 4

Company: COMERICA INC
Filing Date: 2025-03-17
Form: DEF 14A
Chunk 4
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 tenured colleagues with deep expertise, allowing them to deliver value and consistency to our customers. Continued prioritization of strategic investments, advancing technology and empowering our employees is beneficial as we focus on achieving continued success." 
 -Comerica Chairman, President and CEO, Curtis C. Farmer                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |

#### EXECUTIVE SUMMARY5

### 2024 Financial Performance
| $51.0B                |     | 11.89%                                         |     | 0.10%                              |
| LOANS                 
 ($ in billions; avg.) |     | CONTINUED STRONG CAPITAL(Common Equity Tier 1) |     | HISTORICALLY LOW NET CHARGE-OFFS   
 (as a percentage of average loans) |

| NONINTEREST INCOME 
 ($ in billions)    |

| PERIOD-END CUSTOMER DEPOSITS(Total deposits less other time deposits) 
 ($ in billions)                                                       |

| NET INTEREST INCOME($ in billions) |

#### 2024 Peer Comparisons
| NET CHARGE-OFFS(FY24; as a percentage of average loans) |

| Loan Yields(FY24) |

| AVERAGE NONINTEREST BEARING DEPOSITS(FY24) |

* Source for peer data: S&P Global Market Intelligence; peer loan yields excludes BOK Financial Corporation and Cullen/Frost Bankers, Inc. and peer average noninterest-bearing deposits excludes BOK Financial Corporation, as this information was not available. Refer to page 46for a list of companies in our peer group.

#### 6COMERICA INC.EXECUTIVE SUMMARY

### Governance Overview and Corporate Citizenship
Our management team and our Board of Directors (the "Board") are focused on serving the long-term interests of Comerica’s shareholders. The Board’s primary responsibility is oversight of the Company’s management team, and the Board has a number of measures in place to continually enhance Board composition, efficiency and effectiveness, as demonstrated through the following:

| •Annual election of directors                                                                                                                                                           
 •Majority voting for directors                                                                                                                                                          
 •Annual self-evaluation of the Board and its committees                                                                                                                                 
 •Regular assessment of Board composition                                                                                                                                                
 •Regularly-scheduled executive sessions of non-management directors                                                                                                                     
 •11 out of 12 current directors (92%) are independent                                                                                                                                   
 •No directors attended less than 75% of meetings in 2024                                                                                                                                
 •50% of the current Board is diverse, based on race, gender and/or ethnicity. Out of the 12