Comerica 2007 Annual Report
 

dollar amounts in millions,
except per share data years ended December 31

 

Change

Income Statement

20072006AmountPercent
Net Interest Income$2,003$1,983$201%
Provision for loan losses21237175N/M   
Income from continuing operations*682782(100)(13)   
Net Income686893(207)(23)   
Basic earnings per common share:
  Income from continuing operations*4.474.88(0.41)8   
  Net Income4.495.57(1.08)(19)   
Diluted earnings per common share:
  Income from coninuing operations*4.404.81(0.41)(9)   
  Net Income4.435.49(1.06)(19)   
Cash dividends declared per common share2.562.360.208   
Book value per common share34.1232.701.424   
Market value per common share43.5358.68(15.15)(26)   
 
Average common shares outstanding - basic153160(7)(5)   
Average common shares outstanding - diluted155162(7)(5)   
 

Ratios

Return on average assets1.17%1.58%
Return on average assets from continuing operations*1.16   1.38   
Return on average common shareholders' equity13.52   17.24   
Return on average common shareholders' equity
  from continuing operations*13.44   15.11   
Average common shareholders' equity as a percentage of average assets8.66   9.15   
Tier 1 common capital as a percentage of risk-weighted assets6.85   7.54   
Tier 1 capital as a percentage of risk-weighted assets7.51   8.03   
Total capital as a percentage of risk-weighted assets11.20   11.64   
 

Balance Sheet

(at December 31)
Total Assets$62,331$58.001$4,3307%
Total earning assets57,44854,0523,3966   
Total loans50,74347,4313,3127   
Total deposits44,27844,972(649)(1)   
Total common shareholders' equity5,1175,153(36)(1)   
  N/M not meaningful
* Income from continuing operations excludes the results of Munder Capital Management, a subsiderary sold in 2006 (after-tax gain of $108 million) and reported as a discontinued operation in all periods presented.