Company: CMA
Filing Date: 2025-11-25
Form Type: DEFM14A
Source: 0001193125-25-297173
Chunk: 116

Company: COMERICA INC
Filing Date: 2025-11-25
Form: DEFM14A
Chunk 116
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 of the largest                                                                                                                                           
 banks in the United States with $288 billion of total assets, $174 billion of loans and $224 billion of deposits, (ii) that the combined enterprise would operate in 17 of the 20 fastest-growing, large metropolitan statistical                 
 areas and have top 5 market share in all Midwest markets in which the combined enterprise would operate and a clear path to top 5 market share in high-growth Southeast and Texas markets, (iii) that the mergers would create a more diversified 
 platform by combining Fifth Third’s award-winning retail banking and digital capabilities with Comerica’s strong middle market banking franchise and attractive footprint and (iv) that the combined enterprise would have two                    
 $1 billion recurring and high-return fee businesses – Commercial Payments and Wealth and Asset Management – which provide durable, diversified earnings and the additional capacity to reinvest in future growth;                                 |

| • |     | the belief that the mergers would create a strong middle market banking business by combining Fifth Third’s                                                                                                                     
 leading payments products in core treasury management, broad market capabilities and award-winning private bank with Comerica’s deep, relationship-driven middle market platform serving diverse industries across the country; |

| • |     | the belief that Fifth Third and Comerica share similar cultures, and the belief of the Fifth Third board of                                                
 directors that the complementary cultures would facilitate the successful completion of the mergers and integration following consummation of the mergers; |

| • |     | its understanding that Fifth Third shareholders prior to the effective time would own approximately 73% of Fifth 
 Third’s common stock immediately following the completion of the first merger;                                   |

| • |     | the Fifth Third board of directors’ belief that the synergies anticipated by management to be potentially                                                                                       
 available in the mergers, which included approximately $850 million in gross pre-tax cost savings, or 35% of Comerica’s forecasted 2026 operating expense, phased in 37.5% during 2026 and 100% 
 thereafter, would create the opportunity for superior future earnings and prospects compared to Fifth Third’s earnings and prospects on a stand-alone basis;                                    |

| • |     | the current and prospective environment in the financial services industry, including economic conditions, the                                                                                                                                                                                                                                                                                                                                                         
 accelerating pace of technological change in the financial services industry, the interest rate and regulatory environments, increased operating costs resulting from regulatory and compliance mandates, increasing competition from both banks and non-bank financial and financial technology firms, current financial