Comerica 2013 Annual Report Download - page 80

F-47
SUPPLEMENTAL FINANCIAL DATA
The following table provides a reconciliation of non-GAAP financial measures used in this financial review with financial
measures defined by GAAP.
(dollar amounts in millions)
December 31 2013 2012 2011 2010 2009
Tier 1 Common Capital Ratio:
Tier 1 capital (a) $ 6,895 $ 6,705 $ 6,582 $ 6,027 $ 7,704
Less:
Fixed rate cumulative perpetual preferred stock —— — — 2,151
Trust preferred securities —— 25 — 495
Tier 1 common capital $ 6,895 $ 6,705 $ 6,557 $ 6,027 $ 5,058
Risk-weighted assets (a) $ 64,825 $ 66,115 $ 63,244 $ 59,506 $ 61,815
Tier 1 risk-based capital ratio 10.64% 10.14% 10.41% 10.13% 12.46%
Tier 1 common capital ratio 10.64 10.14 10.37% 10.13% 8.18%
Basel III Common Equity Tier 1 Capital Ratio (estimated):
Tier 1 common capital $ 6,895
Basel III adjustments (b) (6)
Basel III common equity Tier 1 capital (b) $ 6,889
Risk-weighted assets (a) $ 64,825
Basel III adjustments (b) 1,754
Basel III risk-weighted assets (b) $ 66,579
Tier 1 common capital ratio 10.6%
Basel III common equity Tier 1 capital ratio (estimated) 10.3
Tangible Common Equity Ratio:
Total shareholder's equity $ 7,153 $ 6,942 $ 6,868 $ 5,793 $ 7,029
Less:
Fixed rate cumulative perpetual preferred stock —— — — 2,151
Common shareholders' equity 7,153 6,942 6,868 5,793 4,878
Less:
Goodwill 635 635 635 150 150
Other intangible assets 17 22 32 6 8
Tangible common equity $ 6,501 $ 6,285 $ 6,201 $ 5,637 $ 4,720
Total assets $ 65,227 $ 65,069 $ 61,008 $ 53,667 $ 59,249
Less:
Goodwill 635 635 635 150 150
Other intangible assets 17 22 32 6 8
Tangible assets $ 64,575 $ 64,412 $ 60,341 $ 53,511 $ 59,091
Common equity ratio 10.97% 10.67% 11.26% 10.80% 8.23%
Tangible common equity ratio 10.07 9.76 10.27% 10.54% 7.99%
Tangible Common Equity per Share of Common Stock:
Common shareholders' equity $ 7,153 $ 6,942 $ 6,868 $ 5,793 $ 4,878
Tangible common equity 6,501 6,285 6,201 5,637 4,720
Shares of common stock outstanding (in millions) 182 188 197 177 151
Common shareholders' equity per share of common stock $ 39.23 $ 36.87 $ 34.80 $ 32.82 $ 32.27
Tangible common equity per share of common stock 35.65 33.38 31.42 31.94 31.22
(a) Tier 1 capital and risk-weighted assets as defined by regulation.
(b) Estimated ratios based on the standardized approach in the final rule for the U.S. adoption of the Basel III regulatory capital framework,
excluding most elements of AOCI, as fully phased in.
The Tier 1 common capital ratio removes preferred stock and qualifying trust preferred securities from Tier 1 capital as
defined by and calculated in conformity with bank regulations. The Basel III common equity Tier 1 capital ratio further adjusts
Tier 1 common capital and risk-weighted assets to account for the final rule approved by U.S. banking regulators in July 2013 for
the U.S. adoption of the Basel III regulatory capital framework. The final Basel III capital rules are effective January 1, 2015 for
banking organizations subject to the standardized approach. The tangible common equity ratio removes preferred stock and the
effect of intangible assets from capital and the effect of intangible assets from total assets and tangible common equity per share
of common stock removes the effect of intangible assets from common shareholders' equity per share of common stock. The
Corporation believes these measurements are meaningful measures of capital adequacy used by investors, regulators, management
and others to evaluate the adequacy of common equity and to compare against other companies in the industry.