1 Exhibit (11) - Statement Re: Computation of Earnings Per Share COMPUTATION OF EARNINGS PER SHARE Comerica Incorporated and Subsidiaries (In thousands, except per share data) Three Months Ended March 31 ------------------- 1995 1994 -------- ------- Primary: Average shares outstanding 116,612 114,571 Common stock equivalent: Net effect of the assumed exercise of stock options 752 893 -------- -------- Primary average shares 117,364 115,464 ======== ======== Net income $100,022 $ 90,863 -------- -------- Primary net income per share $0.85 $0.79 Fully diluted: Average shares outstanding 116,612 114,571 Common stock equivalents: Net effect of the assumed exercise of stock options 806 893 -------- -------- Fully diluted average shares 117,418 115,464 ======== ======== Net income $100,022 $ 90,863 ======== ======== Fully diluted net income per share $0.85 $0.79