Comerica Incorporated : 4Q20 Infographic

FOURTH QUARTER	EPS up 3% as revenue increased & credit
2020 OVERVIEW	quality remained strong
EARNINGS PER SHARE	NET INTEREST INCOME		NONINTEREST INCOME	NONINTEREST EXPENSE
$1.49	3%		2%			5%			6%
NET INCOME		Higher Loan Fees (mainly related to PPP)	Derivative Income & Commercial Lending Fees		Increases in salaries, benefits &
2%		outside processing
$215MM	CREDIT QUALITY STRONG		RESERVE REFLECTED POSITIVE CREDIT MIGRATION
BOOK VALUE PER SHARE				($ in millions)
• Net Charge-offs only 22 bps			978	1,066	1,038	992
$55.01	2%	• Criticized loans declined
	4Q19	1Q20	2Q20	3Q20	4Q20
Inflows to nonaccrual decreased
		• Nonperforming loans increased modestly -		668
"With respect to the fourth quarter, we generated						68.8	70.2
earnings per share of $1.49, a 3% increase over	LOANS	50.5	52.0	51.4	DEPOSITS	57
the third quarter, driven by revenue growth and
					23%
strong credit quality. Loan activity was muted,
		2%
but deposits increased nearly $1.5 billion."
Curtis C. Farmer,		4Q19				4Q19	3Q20	4Q20
Comerica Chairman, President & CEO
	($ in billions; Average)			($ in billions; Average)

RELATIONSHIP FOCUSED

DIVERSIFIED

REVENUE OPPORTUNITIES

CREDIT DISCIPLINE

EXPENSE CONTROL

WELL CAPITALIZED

KEY STRENGTHS

• Deep expertise in specialty businesses
• Long-tenured,experienced team supporting customers' financial needs for 170+ years

•	Diverse geographic footprint,	•	Conservative underwriting	•	10.35% CET1 Ratio1
	including faster growth markets		standards	•	10.94% Tier 1 Ratio1
•	Balanced exposure to a wide	•	Superior credit performance	•	$8.8B Total Capital1
	variety of industries		through last recession

•	High-caliber, robust Cash	•	Continuous efficiency
	Management suite, including		improvement culture
	Card programs	•	Leveraging technology to
•	Collaboration between the		drive productivity & growth
	three revenue divisions

4Q20 vs. 3Q20 • This document is only a summary and is not intended to be complete. • 1 Estimated; reflects deferral of CECL model impact as calculated per regulatory guidance

For additional information on Comerica Incorporated, please refer to our public filings made with the Securities and Exchange Commission ("SEC"), which can be found at www.sec.gov, including, without limitation, our Current Report on Form 8-K, filed with the SEC on Jan. 19, 2021.

FULL YEAR		Loan & deposit growth helped offset lower rates
2020 OVERVIEW		& prudent increase in reserve

EARNINGS PER SHARE

$3.27

NET INCOME

$474MM

"Our 2020 performance included loan growth and deposits reaching a record level, which helped to offset the rapid decline in interest rates. Credit migration was manageable and net charge-offs were within our historical norm, a true testament to our strong credit culture. We maintained strong capital levels. Book value grew 7% to over $55, a solid performance, particularly considering the difficult economic conditions."

Curtis C. Farmer,

Comerica Chairman, President & CEO

COVID-19

RESPONSE

$11MM1

distributed to >150 nonprofits

& other community organizations

$3.9Bin PPP loans funded; >14,700 applications processed

COLLEAGUE

SUPPORT

Promise Pay, dependent care stipend, time off programs, etc.

Supports small

RISE! businessesand communities

DIGITAL PORTALS

Enhanced for consumers

SUSTAINABILITY

ACHIEVED

ENVIRONMENTAL

GOALS(vs. 2012 baseline)

• 48% GHG emissions reduction
• 33% water consumption reduction
• 30% waste reduction
• 56% office copy paper reduction

A- CDP score;

top among peers

#51Newsweek's America's

Most Responsible

Companies

100 Corporate Knights

TOP Most Sustainable

Globally

#3 DiversityInc® Regional Companies for Diversity

FINANCIAL

PERFORMANCE

Record Total Assets

($ in billions; Average)

81.1

70.7 71.5

14%

2018 2019 2020

Record Deposits

		($ in billions; Average)
	55.9	55.5		65.0
				17%
	2018		2019		2020

Record Book Value

(Dollars per share; Period-End)

46.89	51.57	55.01
		7%
2018	2019	2020

FY20 vs. FY19 • This document is only a summary and is not intended to be complete. • 1 Support from Comerica Bank & Comerica Charitable Foundation

Any statements in this presentation that are not historical facts are forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Words such as "anticipates," "believes," "contemplates," "feels," "expects," "estimates," "seeks," "strives," "plans," "intends," "outlook," "forecast," "position," "target," "mission," "assume," "achievable," "potential," "strategy," "goal," "aspiration," "opportunity," "initiative," "outcome," "continue," "remain," "maintain," "on track," "trend," "objective," "looks forward," "projects," "models" and variations of such words and similar expressions, or future or conditional verbs such as "will," "would," "should," "could," "might," "can," "may" or similar expressions, as they relate to Comerica or its management, are intended to identify forward-looking statements. These forward-looking statements are predicated on the beliefs and assumptions of Comerica's management based on information known to Comerica's management as of the date of this presentation and do not purport to speak as of any other date. Forward-looking statements may include descriptions of plans and objectives of Comerica's management for future or past operations, products or services, and forecasts of Comerica's revenue, earnings or other measures of economic performance, including statements of profitability, business segments and subsidiaries as well as estimates of credit trends and global stability. Such statements reflect the view of Comerica's management as of this date with respect to future events and are subject to risks and uncertainties. Should one or more of these risks materialize or should underlying beliefs or assumptions prove incorrect, Comerica's actual results could differ materially from those discussed. Factors that could cause or contribute to such differences include credit risks (unfavorable developments concerning credit quality; declines or other changes in the businesses or industries of Comerica's customers, in particular the energy industry; and changes in customer behavior); market risks (changes in monetary and fiscal policies; fluctuations in interest rates and their impact on deposit pricing; and transitions away from LIBOR towards new interest rate benchmarks); liquidity risks (Comerica's ability to maintain adequate sources of funding and liquidity; reductions in Comerica's credit rating; and the interdependence of financial service companies); technology risks (cybersecurity risks and heightened legislative and regulatory focus on cybersecurity and data privacy); operational risks (operational, systems or infrastructure failures; reliance on other companies to provide certain key components of business infrastructure; the impact of legal and regulatory proceedings or determinations; losses due to fraud; and controls and procedures failures); compliance risks (changes in regulation or oversight; the effects of stringent capital requirements; and the impacts of future legislative, administrative or judicial changes to tax regulations); financial reporting risks (changes in accounting standards and the critical nature of Comerica's accounting policies); strategic risks (damage to Comerica's reputation; Comerica's ability to utilize technology to efficiently and effectively develop, market and deliver new products and services; competitive product and pricing pressures among financial institutions within Comerica's markets; the implementation of Comerica's strategies and business initiatives; management's ability to maintain and expand customer relationships; management's ability to retain key officers and employees; and any future strategic acquisitions or divestitures); and other general risks (changes in general economic, political or industry conditions; the effectiveness of methods of reducing risk exposures; the effects of catastrophic events; impacts from the COVID-19 global pandemic; and the volatility of Comerica's stock price). Comerica cautions that the foregoing list of factors is not all-inclusive. For discussion of factors that may cause actual results to differ from expectations, please refer to our filings with the Securities and Exchange Commission. In particular, please refer to "Item 1A. Risk Factors" beginning on page 12 of Comerica's Annual Report on Form 10-K for the year ended December 31, 2019 and "Item 1A. Risk Factors" beginning on page 67 of the Corporation's Quarterly Report on Form 10-Q for the quarter ended September 30, 2020. Forward-looking statements speak only as of the date they are made. Comerica does not undertake to update forward-looking statements to reflect facts, circumstances, assumptions or events that occur after the date the forward-looking statements are made. For any forward-looking statements made in this presentation or in any documents, Comerica claims the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995.

FOR MORE INFORMATION: Darlene Persons, Director of Investor Relations 214.462.6831 | [e-mail]