COMERICA INC /NEW (CMA) [Rocket]

In millions, except per share items	Dec-31-22	Dec-31-21	Dec-31-20	Dec-31-19	Dec-31-18	Dec-31-17	Dec-31-16	Dec-31-15
	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K
Interest income on loans	2,153	1,594	1,773	2,439	2,262	1,872	1,635	1,551
Total interest income	2,672	1,901	2,093	2,807	2,619	2,182	1,909	1,784
Interest expense:
Interest on deposits	102	22	101	262	122	42	40	43
	206	57	182	468	267	121	112	95
Net interest income	2,466	1,844	1,911	2,339	2,352	2,061	1,797	1,689
Provision for loan losses	60	-384	537	74	-1	74	248	147
Net interest income after provision for loan losses	2,406	2,228	1,374	2,265	2,353	1,987	1,549	1,542
Deposit and loan fees	195	195	185	203	211	227	219	223
Credit and debit card fees	273	298	270	257	244	333	303	276
Gain on sale of investments, net								-2
Other non-interest income	600	630	546	550	521	547	529	538
Total non-interest income	1,068	1,123	1,001	1,010	976	1,107	1,051	1,035
Non-interest expenses	1,998	1,861	1,754	1,737	1,794	1,860	1,930	1,827
Equity in earnings
Pre-tax income before non-recurring items	1,493	1,504	638	1,553	1,605	1,294	782	739
Non-recurring items	17	14	17	15	70	60	112	-11
Pre-tax income	1,476	1,490	621	1,538	1,535	1,234	670	750
Income taxes	325	322	124	336	300	491	193	229
Tax rate	22.0%	21.6%	20.0%	21.8%	19.5%	39.8%	28.8%	30.5%
Net income	1,122	1,140	482	1,195	1,227	738	473	515
Net margin	32.3%	34.0%	20.3%	36.5%	36.9%	23.9%	18.2%	20.0%

Basic EPS	$8.56	$8.44	$3.47	$7.97	$7.30	$4.24	$2.75	$2.93
Diluted EPS	$8.44	$8.32	$3.44	$7.91	$7.18	$4.15	$2.67	$2.85

Shares outstanding (basic)	131	135	139	150	168	174	172	176
Shares outstanding (diluted)	133	137	140	151	171	178	177	181

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.