Comerica Directors Increase Quarterly Dividend 13 Percent To 17 Cents Per Share

  Comerica Directors Increase Quarterly Dividend 13 Percent To 17 Cents Per

PR Newswire

DALLAS, Jan. 22, 2013

DALLAS, Jan. 22, 2013 /PRNewswire/ --The Board of Directors of Comerica
Incorporated today increased the quarterly cash dividend for common stock 13
percent to 17 cents ($0.17) per share. The dividend is payable April 1, 2013,
to common stock shareholders of record on March 15, 2013.


"The dividend increase reflects our company's strong capital position and
solid financial performance," said Ralph W. Babb Jr., chairman and chief
executive officer. "As we have done historically, we expect to continue to
actively manage capital in a way that maximizes returns to shareholders while
ensuring that we meet regulatory capital requirements. We repurchased 3.1
million shares of common stock in the fourth quarter 2012 and 10.1 million
shares for the full-year 2012 under our share repurchase program. Combined
with dividends, we returned 93 percent and 79 percent of fourth quarter and
full-year 2012 net income to shareholders, respectively."

A first quarter 2013 dividend increase was contemplated under Comerica's 2012
Capital Plan, to which the Federal Reserve did not object last March.

Comerica Incorporated (NYSE: CMA) is a financial services company
headquartered in Dallas, Texas, and strategically aligned by three business
segments: The Business Bank, The Retail Bank, and Wealth Management. Comerica
focuses on relationships, and helping people and businesses be successful. In
addition to Texas, Comerica Bank locations can be found in Arizona,
California, Florida and Michigan, with select businesses operating in several
other states, as well as in Canada and Mexico.

Forward-looking Statements

Any statements in this news release 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 course,"  "trend,"  "objective,"  "looks forward" 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 news release 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, 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 are changes in general economic, political
or industry conditions; changes in monetary and fiscal policies, including the
interest rate policies of the Federal Reserve Board; volatility and
disruptions in global capital and credit markets; changes in Comerica's credit
rating; the interdependence of financial service companies; changes in
regulation or oversight; unfavorable developments concerning credit quality;
the acquisition of Sterling Bancshares, Inc., or any future acquisitions; the
effects of more stringent capital or liquidity requirements; declines or other
changes in the businesses or industries of Comerica's customers; the
implementation of Comerica's strategies and business models, including the
implementation of revenue enhancements and efficiency improvements; Comerica's
ability to utilize technology to efficiently and effectively develop, market
and deliver new products and services; operational difficulties, failure of
technology infrastructure or information security incidents; changes in the
financial markets, including fluctuations in interest rates and their impact
on deposit pricing; competitive product and pricing pressures among financial
institutions within Comerica's markets; changes in customer behavior;
management's ability to maintain and expand customer relationships;
management's ability to retain key officers and employees; the impact of legal
and regulatory proceedings or determinations; the effectiveness of methods of
reducing risk exposures; the effects of terrorist activities and other
hostilities; the effects of catastrophic events including, but not limited to,
hurricanes, tornadoes, earthquakes, fires, droughts and floods; changes in
accounting standards and the critical nature of Comerica's accounting
policies. Comerica cautions that the foregoing list of factors is not
exclusive. 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, 2011 and "Item 1A. Risk Factors" beginning on page 73 of
Comerica's Quarterly Report on Form 10-Q for the quarter ended September 30,
2012. 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 news release 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.

SOURCE Comerica Incorporated

Contact: Media, Wayne Mielke, +1-214-462-4463, or Investors, Darlene Persons,
+1-214-462-6831, or Brittany Butler, +1-214-462-6834
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