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Comerica Plans Share Repurchase of Up to $288 Million

            Comerica Plans Share Repurchase of Up to $288 Million

Active Capital Management Continues Following January's Announcement of
Dividend Increase

PR Newswire

DALLAS, March 14, 2013

DALLAS, March 14, 2013 /PRNewswire/ --Comerica Incorporated (NYSE: CMA) today
announced that the Federal Reserve had completed its 2013 Capital Plan review
and that it did not object to the Comerica capital plan and capital
distributions contemplated in the plan. The plan provides for up to $288
million in equity repurchases for the four-quarter period commencing in the
second quarter 2013 and ending in the first quarter 2014. In addition,
Comerica's Capital Plan includes the authority to redeem $25 million of
subordinated notes due 2018 when callable later this year.

(Logo: http://photos.prnewswire.com/prnh/20010807/CMALOGO)

"We are pleased the Federal Reserve has completed its review and that we are
moving forward with our 2013 capital plan," said Ralph W. Babb Jr., chairman
and chief executive officer. "Our ability to execute our plan reaffirms our
company's strong capital position and continued focus on growth."

On January 22, 2013, Comerica announced that its Board of Directors increased
the quarterly cash dividend for common stock 13 percent to 17 cents ($0.17)
per share, payable April 1, 2013, to common stock shareholders of record on
March 15, 2013.

"We remain focused on total payout to shareholders, reflected by share
repurchases and dividends, while maintaining our strong capital ratios," Babb
said.

Comerica Incorporated 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. Comerica reported total assets of $65.4 billion
at December 31, 2012.

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;
any future strategic acquisitions or divestitures; 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; 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; 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 13 of
Comerica's Annual Report on Form 10-K for the year ended December 31, 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

Website: http://www.comerica.com
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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