Company: CMA
Filing Date: 2025-03-17
Form Type: DEF 14A
Source: 0000028412-25-000135
Chunk: 2

Company: COMERICA INC
Filing Date: 2025-03-17
Form: DEF 14A
Chunk 2
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 as a percentage of revenue, and modernizing our technology and real estate footprint. Through our support of financial education, economic development and human services programming, we worked on positively impacting our local communities. Small Business remained a key focus as we added talent to expand our sales coverage and continued to provide critical business resources to support this important sector.

Our 2024 financial results were strong. We enhanced our liquidity position, growing customer deposits while deliberately reducing brokered time deposits by $3.5 billion and short-term borrowings by $3.6 billion year over year. We produced average loans of $51.0 billion and return on average common shareholders' equity of 11.23%, return on average assets of 0.87%, and earnings per share of $5.02. Our proven approach to credit and underwriting resulted in historically low net charge-offs as a percentage of average total loans of 0.10%, leading our peer group.

As we look forward, we continue to feel we have a compelling model. Our unique geographic strategy delivers the benefits of diversification along with a focus on growth markets. Our differentiated approach to talent helps to produce experienced colleagues with deep expertise, allowing them to deliver value and consistency to our customers. Our products are tailored to meet the needs of our customer base, and we continue to prioritize strategic investments to further enhance that solution set. Further, we feel well-positioned to deliver responsible loan growth supported by higher deposits and complemented by an increase in customer-related fee income.

Your vote is important to us. Whether or not you plan to attend the Annual Meeting, please submit your proxy promptly so that your shares will be voted as you desire.

| Sincerely,                                                      |     |                                       |
| Curtis C. FarmerChairman, President and Chief Executive Officer |     | Barbara R. SmithFacilitating Director |

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| Notice of 2025 Annual Meeting of Shareholders |

Important Notice Regarding the Availability of Proxy Materials for the Shareholder Meeting To Be Held on April 29, 2025: This notice and the proxy statement and 2024 annual report to security holders of Comerica Incorporated ("Comerica" or the "Company") are available at www.envisionreports.com/CMA .

Holders of Comerica's common stock as of the "Record Date" shown below are entitled to vote. Each share of Comerica common stock is entitled to one vote for each director nominee and one vote for each of the proposals to be voted on. See " General Information for Share