Comerica Inc.
Comerica Inc. Announces Issuance of Series B Preferred Stock and Underwriting Agreement
Summary
On August 7, 2025, Comerica Inc. issued and sold 16,000,000 depositary shares representing ownership interests in 6.875% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series B. This issuance is subject to restrictions on the company's ability to pay dividends on common stock if it does not pay dividends on the Series B Preferred Stock. Additionally, on August 4, 2025, Comerica Inc. entered into an Underwriting Agreement with several underwriters for the sale of these depositary shares. The net proceeds from the offering amounted to approximately $392.2 million after deducting underwriting discounts and estimated offering expenses.
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Exhibits (3)
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About Comerica Inc.
Comerica Inc. is a leading financial services company that primarily focuses on commercial banking, retail banking, and wealth management services. Its operations are segmented across various divisions, which include the Business Bank, Retail Bank, and Wealth Management. Comerica Inc. is known for providing comprehensive financial solutions to both individual clients and businesses, with a strong emphasis on serving the middle-market business sector. Headquartered in Dallas, Texas, Comerica has a significant presence in key markets such as Texas, California, and Michigan, among others. In the financial market, Comerica Inc. plays a vital role by offering tailored financial products and services that support the economic growth of communities and enhance the financial well-being of its clients. Additionally, its commitment to robust risk management practices and community involvement highlights its integral role in the banking industry.
Official SEC Documents
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