Comerica 2009 Annual Report Download - page 151
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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
Comerica Incorporated and Subsidiaries
2008
Fourth Third Second First
Quarter Quarter Quarter Quarter
(in millions, except per share data)
Interest income ....................................... $716 $735 $737 $863
Interest expense ....................................... 285 269 295 387
Net interest income .................................... 431 466 442 476
Provision for loan losses ................................. 192 165 170 159
Net securities gains .................................... 4 27 14 22
Noninterest income (excluding net securities gains) .............. 170 213 228 215
Noninterest expenses ................................... 411 514 423 403
Provision (benefit) for income taxes ......................... (17) — 35 41
Income from continuing operations ......................... 19 27 56 110
Income (loss) from discontinued operations, net of tax ............ 1 1 — (1)
Net income .......................................... $ 20 $ 28 $ 56 $109
Net income attributable to common shares .................... $ 2 $ 28 $ 54 $108
Basic earnings per common share:
Income from continuing operations ....................... $0.01 $0.17 $0.36 $0.73
Net income ........................................ 0.01 0.18 0.36 0.73
Diluted earnings per common share:
Income from continuing operations ....................... 0.01 0.17 0.36 0.73
Net income ........................................ 0.01 0.18 0.36 0.73
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