DETROIT/January 20, 2005 -- Comerica Incorporated (NYSE: CMA) today reported fourth quarter 2004 earnings of $207 million, or $1.21 per diluted share, compared to $196 million, or $1.13 per diluted share, for the third quarter 2004 and $158 million, or $0.89 per diluted share, for the fourth quarter 2003.

(dollar amounts in millions)
4th Qtr ‘04 3rd Qtr ‘04 4th Qtr ‘03
Diluted EPS $1.21 $1.13 $0.89
Net Interest Income $ 466 $ 451 $ 457
Net Interest Margin 3.96% 3.86% 3.83%
Provision for
Loan Losses $ (21) $ - $ 77
Noninterest Income $ 203 $ 206 $ 220
Noninterest Expenses $ 380 $ 372 $ 379
Net Income $ 207 $ 196 $ 158
Return on Equity 16.39% 15.68% 12.33%

Net income for 2004 was $757 million, or $4.36 per diluted share, compared to $661 million, or $3.75 per diluted share for 2003. Return on average common shareholders’ equity was 15.03 percent and return on average assets was 1.49 percent for 2004, compared to 13.12 percent and 1.25 percent, respectively, for 2003.

“We ended 2004 on a positive note with fourth quarter financial results that underscored the improving trends we have seen all year,