Company: CMA
Filing Date: 2025-10-28
Form Type: 10-Q
Source: 0000028412-25-000235
Chunk: 103

Company: COMERICA INC
Filing Date: 2025-10-28
Form: 10-Q
Item: Part I, Item 1
Chunk 103
---
 and operations of the combined company following the closing of the proposed Merger; the risk that the integration of each party’s operations will be materially delayed or will be more costly or difficult than expected or that the parties are otherwise unable to successfully integrate each party’s businesses into the other’s businesses; the possibility that the Merger may be more expensive to complete than anticipated, including as a result of unexpected factors or events; reputational risk and potential adverse reactions of the Corporation or Fifth Third customers, employees, vendors, contractors or other business partners, including those resulting from the announcement or completion of the Merger; the dilution caused by Fifth Third’s issuance of additional shares of its common stock in connection with the Merger; a material adverse change in the 

39

Table of Contents

condition of the Corporation or Fifth Third; the extent to which the Corporation’s or Fifth Third’s businesses perform consistent with management’s expectations; the Corporation’s and Fifth Third’s ability to take advantage of growth opportunities and implement targeted initiatives in the timeframe and on the terms currently expected; and the possibility that the combined company is subject to additional regulatory requirements as a result of the proposed Merger or expansion of the combined company’s business operations following the proposed Merger); and the other factors set forth in “Item 1A. Risk Factors” beginning on page 16 of the Corporation's Annual Report on Form 10-K for the year ended December 31, 2024 and in our subsequent filings with the Securities and Exchange Commission. Any forward-looking statement contained in this report is based solely on information currently available to the Corporation and speaks only as of the date on which it is made. The Corporation undertakes no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise, except to the extent required by law.

MERGER WITH FIFTH THIRD BANCORP

On October 6, 2025, Fifth Third Bancorp (Fifth Third) and the Corporation announced that they entered into a definitive merger agreement (the Merger Agreement) under which Fifth Third will acquire the Corporation in an all-stock transaction. Under the terms of the Merger Agreement, the Corporation's shareholders will receive 1.8663 Fifth Third shares for each Corporation share. The transaction (the Merger) is subject to shareholder approvals for both Fifth Third and the Corporation, customary regulatory approvals and closing conditions, and is anticipated to close at the end of the first quarter