Company: CMA
Filing Date: 2025-11-25
Form Type: DEFM14A
Source: 0001193125-25-297173
Chunk: 66

Company: COMERICA INC
Filing Date: 2025-11-25
Form: DEFM14A
Chunk 66
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 on deposit accounts to commercial                                                                                                    
 payments revenue and consumer banking revenue, respectively and to reclassify $97 million and $159 million of card fees to commercial payments revenue and consumer banking revenue, respectively. |

| v. | To reclassify $6 million of retail service fees, $1 million of mortgage banking net revenue, and                                                                         
 $11 million of net securities gains within other noninterest income to consumer banking revenue, mortgage banking net revenue, and securities losses, net, respectively. |

| vi. | To reclassify letter of credit fees and commercial lending fees to commercial banking revenue. |

| vii. | To reclassify bank-owned life insurance to other noninterest income. |

| viii. | To reclassify net losses on debt securities to securities losses, net. |

| ix. | To reclassify $3 million of small equipment expense, $14 million of telecommunications expense,                                                                                                                                               
 $1 million of loan expense, and $1 million of net gains on sale of assets within other noninterest expense to equipment expense, technology and communications expense, loan and lease expense, and commercial banking revenue, respectively. |

| x. | To reclassify loan expense within card and processing expense to loan and lease expense. |

| xi. | To reclassify FDIC insurance expense to other noninterest expense. |

45

| 4. | Adjustments to the Pro Forma Condensed Combined Balance Sheet |

The following pro forma adjustments have been reflected in the unaudited pro forma condensed combined balance sheet. All adjustments are based on preliminary assumptions and valuations, which are subject to change.

| A. | Adjustment to                                                                                                                                          
 available-for-sale debt and other securities to eliminate $102 million related to Comerica’s premiums and discounts on previously acquired securities. |

| B. | Adjustments to portfolio loans and leases to eliminate $73 million related to Comerica’s premiums      
 and discounts on previously acquired loans and deferred origination costs and fees on portfolio loans. |

| C. | Adjustment to allowance for loans and lease losses to eliminate Comerica’s existing allowance for loan                                                                                                                                                    
 and lease losses of $686 million and to record Fifth Third’s preliminary estimated life of loan credit losses of $806 million for the non-purchase credit deteriorated (PCD) acquired loans and                                                           
 leases. The fair value adjustment reflects preliminary estimates made by Fifth Third and is subject to change once further analysis is performed and as additional information becomes available. The analysis of loans classified as PCD is not complete 
 and therefore no