Comerica 2009 Annual Report Download - page 31

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compensation ($16 million) and allocated net corporate overhead expenses ($7 million). Refer to the Business
Bank discussion above for an explanation of the decrease in allocated net corporate overhead expenses.
The International market’s net income decreased $5 million, to $24 million in 2009, compared to a decrease
of $21 million to $29 million in 2008. Net interest income (FTE) of $69 million in 2009 increased $8 million from
2008, primarily due to an increase in loan spreads, partially offset by a $330 million decrease in average loan
balances. The provision for loan losses of $33 million in 2009 increased $29 million from $4 million in 2008.
Noninterest income of $33 million in 2009 increased $2 million from 2008. Noninterest expenses of $31 million
decreased $10 million in 2009 compared to 2008, primarily due to small decreases in several expense categories.
The net loss for the Finance & Other Business segment was $125 million in 2009, compared to a net loss of
$54 million in 2008. The $71 million increase in net loss resulted from the same reasons noted in the Finance
Division and Other category discussions under the ‘‘Business Segments’’ heading above.
The following table lists the Corporation’s banking centers by geographic market segment.
December 31
2009 2008 2007
Midwest (Michigan) ............................................. 232 233 237
Western:
California .................................................. 98 96 83
Arizona .................................................... 16 12 8
114 108 91
Texas ....................................................... 90 87 79
Florida ...................................................... 10 10 9
International .................................................. 111
Total ...................................................... 447 439 417
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