Strength of Leadership
strength of leadership Comerica Incorporated Comerica Tower at Detroit Center 500 Woodward Avenue, MC 3391 Detroit, Michigan 48226 2000 www.comerica.com Annual Report 2000 Annual Report 1 Financial Highlights Comerica’s Vision We are in business to help our customers, employees, communities and shareholders be successful. We are committed to delivering the highest quality financial services by: Change 2000 1999 Amount Percent Income Statement • Providing outstanding value and building enduring Net interest income $ 1,659 $ 1,547 $ 112 7% Net income 749 673 76 11 customer relationships. Basic net income per share 4.68 4.20 0.48 11 Diluted net income per common share 4.63 4.14 0.49 12 Cash dividends per common share 1.60 1.44 0.16 11 • Creating a positive environment for our colleagues, built on trust, Book value per common share 23.94 20.60 3.34 16 Market value per share 59.38 46.69 12.69 27 teamwork and respect. Ratios Return on average common shareholders’ equity 21.16% 21.86% • Demonstrating leadership in our communities. Return on average assets 1.86 1.82 Average common shareholders’ equity as a • Ensuring a consistent, superior return for our owners. percentage of average assets 8.58 8.11 Balance Sheet (at December 31) Total assets $41,985 $38,653 $ 3,332 9% Total earning assets 38,903 36,046 2,857 8 Corporate Description Loans 36,060 32,693 3,367 10 Comerica Incorporated (NYSE: CMA) is a multi-state financial services provider Business loans 33,817 30,473 3,344 11 Contents headquartered in Detroit with banking subsidiaries in Michigan, California and Deposits 27,168 23,291 3,877 17 Texas; banking operations in Florida; and, businesses in several other states.
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