Second Quarter Performance of Top U.S. Banking Companies Second quarter of 1993 compared with the second quarter of 1992
Mega Banks - Assets of $70 billion or more on 6/30/93
Return on Average AssetsRank Rank ROA ROA2Q93 2Q92 2Q93 2Q92 1 1 Banc One Corp. 1.53 1.51 2 4 First Union Corp. 1.39 1.04 3 2 J.P. Morgan & Co., Inc. 1.18 1.34 4 3 Bankers Trust New York Corp. 1.16 1.08 5 8 BankAmerica Corp. 1.06 0.56 6 6 Chemical Banking Corp. 1.04 0.70 7 5 NationsBank Corp. 0.93 0.61 9 9 Citicorp 0.79 0.26 Mean Values 1.12 0.89 Median Values 1.06 0.90
Return on Average EquityRank Rank ROE ROE2Q93 2Q92 2Q93 2Q92 1 2 Bankers Trust New York Corp. 26.00 25.56 2 1 J.P Morgan & Co., Inc. 23.43 25.66 3 4 First Union Corp., Inc. 19.88 15.10 4 3 Banc One Corp. 17.86 17.73 5 9 Citicorp 16.91 4.96 6 7 Chemical Banking Corp. 15.93 10.42 7 6 Chase Manhattan Corp. 14.79 10.84 8 5 NationsBank Corp. 14.61 14.13 9 8 BankAmerica Corp. 13.05 7.53 Means Values 18.05 14.66 Median Values 16.91 14.13
Noneperforming Assets RatioRank Rank Ratio Ratio2Q93 2Q92 2Q93 2Q92 1 1 J.P. Morgan & Co., Inc. 0.22 0.59 2 2 Banc One Corp. 0.98 1.28 3 3 NationsBank Corp. 1.36 2.28 4 4 First Union Corp., Inc. 1.77 2.30 5 5 Bankers Trust New York Corp. 2.01 2.69 6 6 BankAmerica Corp. 2.81 3.31 7 8 Chase Manhattan Corp. 3.15 5.63 8 7 Chemical Banking Corp. 3.34 4.61 9 9 Citicorp 5.97 6.49 Means Values 2.40 3.24 Median Values 2.01 2.69
Superregional Banks - Assets between $20 billion and $70 billion
Return on Average AssetsRank Rank ROA ROA2Q93 2Q92 2Q93 2Q92 1 1 Society Corp. 1.52 1.50 2 2 Wachovia Corp. 1.51 1.38 3 5 CoreStates Financial Corp. 1.45 1.24 3 9 National City Corp. 1.45 1.19 5 4 Norwest Corp. 1.40 1.26 6 6 PNC Bank Corp. 1.35 1.22 7 11 Boatmen's Bancshares, Inc. 1.28 1.10 7 8 SunTrust Banks, Inc. 1.28 1.21 9 13 First Fidelity Bancorp. 1.26 1.05 9 14 KeyCorp 1.26 1.04 11 27 Comerica, Inc. 1.25 -0.24 12 16 Bank of New York Co., Inc. 1.24 0.84 13 19 National Westminster Bancorp. 1.23 0.66 13 12 NBD Bancorp., Inc. 1.23 1.07 13 10 U.S. Bancorp. 1.23 1.13 16 25 First Chicago Corp. 1.18 0.51 17 23 First of America Bank Corp. 1.17 0.59 17 21 Wells Fargo & Co. 1.17 0.63 19 7 Mellon Bank Corp. 1.15 1.21 20 15 Continental Bank Corp. 1.13 0.93 21 19 Barnett Banks, Inc. 1.11 0.66 22 24 First Interstate Bancorp. 1.10 0.53 23 21 Fleet Financial Group 1.05 0.63 24 26 Shawmut National Corp. 0.89 0.16 25 18 Republic New York Corp. 0.83 0.79 26 17 Bank of Boston Corp. 0.80 0.80 27 3 First Bank System, Inc. 0.53 1.33 Mean Values 1.19 0.92 Median Values 1.23 1.04
Return on Average EquityRank Rank ROE ROE2Q93 2Q92 2Q93 2Q92 1 23 First Chicago Corp. 20.80 9.05 2 2 Norwest Corp. 20.76 18.69 3 1 Society Corp. 20.33 20.90 4 7 KeyCorp 18.94 16.34 5 6 CoreStates Financial Corp. 18.70 16.36 6 24 First of America Bank Corp. 17.57 8.68 7 11 PNC Bank Corp. 17.54 15.12 8 5 Wachovia Corp. 17.27 16.92 9 8 First Fidelity Bancorp. 17.07 16.01 10 21 Wells Fargo & Co. 16.72 9.57 11 9 SunTrust Banks, Inc. 16.69 15.97 12 10 National City Corp. 16.57 15.22 12 22 First Interstate Bancorp. 16.57 9.07 14 16 Boatmen's Bancshares, Inc. 16.19 14.27 15 20 Barnett Banks, Inc. 16.13 10.41 16 13 NBD Bancorp., Inc. 16.01 14.70 17 14 U.S. Bancorp. 15.77 14.51 18 27 Comerica, Inc. 15.68 -3.40 19 19 Fleet Financial Group 15.47 11.24 20 26 Shawmut National Corp. 15.32 2.62 21 17 Republic New York Corp. 15.23 14.12 22 18 Bank of New York Co., Inc. 15.09 12.04 23 15 Continental Bank Corp. 14.64 14.49 24 25 National Westminster Bancorp. 14.39 8.17 25 3 Mellon Bank Corp. 13.47 17.39 26 12 Bank of Boston Corp. 12.32 14.84 27 4 First Bank System, Inc. 5.36 17.03 Mean Values 15.82 12.70 Median Values 16.19 14.51
Nonperforming Assets RatioRank Rank Ratio Ratio2Q93 2Q92 2Q93 2Q92 1 1 Republic New York Corp. 0.46 0.56 2 2 Norwest Corp. 0.62 0.71 3 3 Wachovia Corp. 0.68 0.92 4 18 First Chicago Corp. 0.83 2.69 5 6 NBD Bancorp., Inc. 0.84 1.04 6 3 First of America Bank Corp. 0.85 0.92 7 5 Comerica, Inc. 0.91 0.95 8 8 National City Corp. 0.94 1.56 9 10 KeyCorp 1.14 1.63 10 15 First Interstate Bancorp. 1.15 2.45 11 7 Boatmen's Bancshares, Inc. 1.20 1.50 12 12 PNC Bank Corp. 1.25 2.01 13 9 First Bank System, Inc. 1.28 1.58 14 14 U.S. Bancorp. 1.30 2.03 14 12 CoreStates Financial Corp. 1.30 2.01 14 16 Society Corp. 1.30 2.66 17 20 Mellon Bank Corp. 1.32 2.82 18 11 SunTrust Banks, Inc. 1.35 1.77 19 17 Bank of New York Co., Inc. 1.75 2.67 20 21 Barnett Banks, Inc. 1.84 2.86 21 22 Fleet Financial Group 1.90 3.39 22 19 First Fidelity Bancorp. 2.06 2.76 23 26 Shawmut National Corp. 2.25 5.86 24 24 Bank of Boston Corp. 2.35 4.25 25 23 Continental Bank Corp. 3.44 3.45 26 25 Wells Fargo & Co. 4.52 5.67 27 27 National Westminster Bancorp. 4.78 6.57 Mean Values 1.62 2.49 Median Values 1.30 2.03
Large Regional Banks - Assets between $10 billion and $20 billion
Return on Average AssetsRank Rank ROA ROA2Q93 2Q92 2Q93 2Q92 1 1 Fifth Third Bancorp 1.79 1.75 2 2 Firstar Corp. 1.58 1.38 3 8 Huntington Bancshares 1.39 1.06 4 14 Signet Banking Corp. 1.38 0.94 5 7 AmSouth Bancorp. 1.29 1.09 6 10 Meridian Bancorp, Inc. 1.23 1.01 7 4 LaSalle National Corp. 1.20 1.13 8 22 Midlantic Corp. 1.19 0.19 9 13 Integra Financial Corp. 1.15 0.96 10 9 SouthTrust Corp. 1.10 1.02 11 20 Crestar Financial Corp. 1.09 0.57 12 10 Marine Midland Banks, Inc. 1.08 1.01 13 5 Bancorp Hawaii, Inc. 1.07 1.11 13 18 Harris Bankcorp., Inc. 1.07 0.77 15 15 Mercantile Bancorp. Inc. 1.06 0.93 16 5 Northern Trust Corp. 1.05 1.11 16 16 BanPonce Corp. 1.05 0.92 18 12 State Street Boston Corp. 0.97 1.00 19 3 First Empire State Corp. 0.96 1.24 20 23 MNC Financial, Inc. 0.77 0.05 21 17 Union Bank 0.65 0.81 21 21 UJB Financial Corp. 0.65 0.31 23 19 Michigan National Corp. 0.62 0.58 Mean Values 1.10 0.91 Median Values 1.08 1.00
Return on Average EquityRank Rank ROE ROE2Q93 2Q92 2Q93 2Q92 1 1 LaSalle National Corp. 25.74 22.68 2 11 Huntington Bancshares 19.81 15.14 3 10 Integra Financial Corp. 18.87 15.15 4 5 Firstar Corp. 18.72 17.60 5 12 Signet Banking Corp. 18.64 14.22 6 3 Northern Trust Corp. 18.07 19.00 6 22 Midlantic Corp. 18.07 4.22 8 6 Fifth Third Bancorp 18.06 17.34 9 4 State Street Boston Corp. 17.03 17.88 10 8 SouthTrust Corp. 15.92 15.99 11 14 Meridian Bancorp, Inc. 15.82 13.85 12 2 First Empire State Corp. 15.74 20.18 13 7 Bancorp Hawaii, Inc. 15.34 16.57 14 16 AmSouth Bancorp. 15.23 13.35 15 9 Marine Midland Banks, Inc. 15.17 15.50 16 18 Harris Bankcorp., Inc. 14.96 12.07 17 13 Mercantile Bancorp. Inc. 14.48 14.11 18 17 BanPonce Corp. 14.09 12.76 19 19 Crestar Financial Corp. 13.60 8.41 20 23 MNC Financial, Inc. 11.33 0.85 21 21 UJB Financial Corp. 9.56 4.92 22 15 Union Bank 9.10 13.37 23 20 Michigan National Corp. 8.44 8.08 Means Values 15.73 13.62 Median Values 15.74 14.22
Nonperforming Assets RatioRank Rank Ratio Ratio2Q93 2Q92 2Q93 2Q92 1 1 State Street Boston Corp. 0.26 0.33 2 4 Fifth Third Bancorp 0.27 0.78 3 3 Northern Trust Corp. 0.40 0.70 4 5 Firstar Corp. 0.59 0.83 5 9 AmSouth Bancorp. 0.67 1.20 6 7 SouthTrust Corp. 0.78 1.12 7 2 Bancorp Hawaii, Inc. 0.84 0.44 8 10 Huntington Bancshares 0.98 1.33 9 6 First Empire State Corp. 1.01 1.10 9 14 Mercantile Bancorp. Inc. 1.01 1.71 11 13 Harris Bankcorp., Inc. 1.06 1.39 12 11 LaSalle National Corp. 1.08 1.36 13 16 Signet Banking Corp. 1.08 2.42 14 17 Crestar Financial Corp. 1.23 2.74 15 11 BanPonce Corp. 1.29 1.36 16 15 Meridian Bancorp, Inc. 1.35 1.87 17 8 Integra Financial Corp. 1.45 1.19 18 18 Michigan National Corp. 2.75 3.04 19 19 UJB Financial Corp. 2.95 4.08 20 22 MNC Financial, Inc. 4.15 8.38 21 21 Marine Midland Banks, Inc. 4.24 7.07 22 20 Union Bank 4.91 4.67 23 23 Midlantic Corp. 7.38(1) 10.58 Mean Values 1.81 2.60 Median Values 1.08 1.36
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