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 ------------------- 1996 1995 -------- ------- Primary: Average shares outstanding 117,419 116,612 Common stock equivalent: Net effect of the assumed exercise of stock options 1,742 752 -------- -------- Primary average shares 119,161 117,364 ======== ======== Net income $116,606 $100,022 -------- -------- Primary net income per share $0.98 $0.85 Fully diluted: Average shares outstanding 117,419 116,612 Common stock equivalents: Net effect of the assumed exercise of stock options 1,873 806 -------- -------- Fully diluted average shares 119,292 117,418 ======== ======== Net income $116,606 $100,022 ======== ======== Fully diluted net income per share $0.98 $0.85