Company: CMA
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0000028412-25-000108
Chunk: 376

Company: COMERICA INC
Filing Date: 2025-02-24
Form: 10-K
Item: Item 8
Chunk 376
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 page from the Registrant's Annual Report on Form 10-K for the year ended December 31, 2024, formatted in Inline XBRL (included in Exhibit 101).†Management contract or compensatory plan or arrangement.File No. for all filings under Exchange Act, unless otherwise noted: 1-10706.

Item 16.  Form 10-K Summary.

Not applicable.

37

FINANCIAL REVIEW AND REPORTS

Comerica Incorporated and Subsidiaries

Performance GraphF-22024 OverviewF-3Results of OperationsF-4Strategic Lines of BusinessF-10Balance Sheet and Capital Funds AnalysisF-13Risk ManagementF-19Critical Accounting EstimatesF-36Supplemental Financial DataF-39Consolidated Financial Statements:Consolidated Balance SheetsF-40Consolidated Statements of IncomeF-41Consolidated Statements of Comprehensive IncomeF-42Consolidated Statements of Changes in Shareholders’ EquityF-43Consolidated Statements of Cash FlowsF-44Notes to Consolidated Financial StatementsF-45Report of ManagementF-101Reports of Independent Registered Public Accounting FirmF-102

F-1

PERFORMANCE GRAPH

The graph shown below compares the total shareholder return (assuming reinvestment of dividends) of Comerica's common stock, the S&P 500 Index and the KBW Bank Index. The graph assumes $100 invested in Comerica's common stock (returns based on stock prices per the NYSE) and each of the indices on December 31, 2019 and the reinvestment of all dividends during the periods presented.

201920202021202220232024Comerica Incorporated 1008313410795111KBW Bank Index100901249897133S&P 500 Index100118152125157197

The performance shown on the graph is not necessarily indicative of future performance.

F-2

2024 OVERVIEW 

Comerica Incorporated (the Corporation) is a financial holding company headquartered in Dallas, Texas. The Corporation's major business segments are the Commercial Bank, the Retail Bank and Wealth Management. Information about the activities of the Corporation's business segments is provided in Note 22 to the consolidated financial statements.

As a financial institution, the Corporation's principal activity is lending to and accepting deposits from businesses and individuals. The Corporation's primary source of revenue is net interest income, which is principally derived from the difference between interest earned on loans and investment securities and interest paid on deposits and other funding sources. The