Company: CMA
Filing Date: 2025-03-17
Form Type: DEF 14A
Source: 0000028412-25-000135
Chunk: 1

Company: COMERICA INC
Filing Date: 2025-03-17
Form: DEF 14A
Chunk 1
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 | Tabular Disclosures                                                            |     |  77 |
|                                                                                         |     | Financial Performance Measures                                                 |     |  80 |
|                                                                                         |     | Analysis of the Information Presented in the Pay Versus Performance Table      |     |  80 |
| Pay Ratio Disclosure                                                                    |     |                                                                                |     |  85 |
| Securities Authorized for IssuanceUnder Equity Compensation Plansas ofDecember 31, 2024 |     |                                                                                |     |  86 |
| Security Ownership of Management                                                        |     |                                                                                |     |  88 |
| Security Ownership of Certain Beneficial Owners                                         |     |                                                                                |     |  90 |
| Shareholder Proposals and Director Nominations for2026Annual Meeting                    |     |                                                                                |     |  91 |
| General Information for ShareholdersAbout the Annual Meeting                            |     |                                                                                |     |  93 |
| Other Information                                                                       |     |                                                                                |     |  97 |
|                                                                                         |     | Delinquent Section 16(a)Reports                                                |     |  97 |
|                                                                                         |     | Communication withtheNon-ManagementDirectors andBoard                          |     |  97 |
|                                                                                         |     | Miscellaneous Information                                                      |     |  97 |
| Appendix A: Reconciliations of Non-GAAP Financial Measures                              |     |                                                                                |     | A-1 |

| 2 |

| Comerica Incorporated |

Comerica Bank Tower
1717 Main Street
Dallas, Texas 75201

March 17, 2025

Dear Shareholder,

It is our pleasure to invite you to attend the 2025 Annual Meeting of Shareholders of Comerica Incorporated at 8:00 a.m., Central Time on Tuesday, April 29, 2025. The Annual Meeting will once again be held on a virtual-only basis. We believe that hosting a virtual meeting enables greater shareholder attendance and participation from any location around the world.

As we celebrated our 175th anniversary, we felt 2024 was a year of strength as we prioritized further enhancing our foundation to better position ourselves for long-term success and saw promising customer trends. We maintained strong credit quality, grew capital to a CET1 of 11.89%, resumed share repurchases and took steps to help position our business for continued future success. We continued to advance strategic priorities such as investing in sales colleagues aligned with growth markets and businesses, positioning noninterest income to grow