1994 Performance of Top U.S. Banking Companies

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Performance Study Peer Groups

Asset Total Assets

Rank $ millions

1994 Mega Banks 1994 1993

1 Citicorp, New York 250,489 216,574

2 BankAmerica Corp., San Francisco 215,475 186,933

3 Chemical Banking Corp., New York 171,423 149,888

4 NationsBank Corp., Charlotte, N.C. 169,604 157,686

5 J.P. Morgan & Co. Inc., New York 154,917 133,888

6 Chase Manhattan Corp., New York 114,038 102,103

7 Bankers Trust New York Corp. 97,016 92,082

8 Banc One Corp., Columbus, Ohio H 88,923 84,835

9 First Union Corp., Charlotte, N.C. 77,314 70,787

Superregional Banks

1 KeyCorp, Cleveland H 66,798 59,631

2 First Chicago Corp. 65,900 52,560

3 PNC Bank Corp., Pittsburgh 64,145 62,080

4 Norwest Corp., Minneapolis H 59,316 54,665

5 First Interstate Bancorp, Los Angeles 55,813 51,461

6 Wells Fargo & Co., San Francisco 53,374 52,513

7 Bank of New York Co., Inc. 48,883 45,546

8 Fleet Financial Group, Inc., Providence, R.I. 48,757 47,923

9 NBD Bancorp, Inc., Detroit 47,111 40,776

10 Bank of Boston Corp. 44,630 40,588

11 SunTrust Banks, Inc., Atlanta 42,709 40,728

12 Barnett Banks, Inc., Jacksonville, Fla. 41,278 38,331

13 Republic New York Corp. 41,068 39,493

14 Wachovia Corp., Winston-Salem, N.C. 39,188 36,526

15 Mellon Bank Corp., Pittsburgh 38,644 36,139

16 First Fidelity Bancorp., Lawrenceville, N.J. 36,216 33,763

17 Comerica Inc., Detroit 33,430 30,295

18 Shawmut National Corp., Hartford, Conn. H 32,399 31,103

19 National City Corp., Cleveland 32,114 31,068

20 CoreStates Financial Corp, Philadelphia H 29,325 28,435

21 Boatmen's Bancshares, Inc., St. Louis 28,927 26,654

22 National Westminster Bancorp, Jersey City, N.J. 27,089 23,661

23 First Bank System, Inc., Minneapolis 26,219 26,385

24 First of America Bank Corp., Kalamazoo, Mich. 24,569 21,230

25 U.S. Bancorp, Portland, Ore. 21,816 21,415

26 State Street Boston Corp. 21,729 18,720

Large Regional Banks

1 Marine Midland Banks, Inc., Buffalo, N.Y. 18,637 18,065

2 Northern Trust Corp., Chicago 18,562 16,903

3 Huntington Bancshares Inc., Columbus, Ohio 17,771 17,619

4 SouthTrust Corp., Birmingham, Ala. 17,632 14,708

5 AmSouth Bancorp., Birmingham, Ala. 16,778 12,548

6 Union Bank, San Francisco 16,761 16,391

7 UJB Financial Corp., Princeton, N.J. H 15,429 13,790

8 Harris Bankcorp, Inc., Chicago 15,332 13,518

9 Firstar Corp., Milwaukee 15,104 13,794

10 Meridian Bancorp, Inc., Reading, Pa. 15,053 14,085

11 Fifth Third Bancorp, Cincinnati H 14,957 13,129

12 LaSalle National Corp., Chicago 14,143 12,385

13 Crestar Financial Corp., Richmond 14,010 13,287

14 Integra Financial Corp., Pittsburgh 13,755 14,097

15 Midlantic Corp., Edison, N.J. 13,294 13,909

16 Signet Banking Corp., Richmond 12,931 11,849

17 Regions Financial Corp., Birmingham, Ala. 12,839 10,476

18 BanPonce Corp., San Juan, P.R. 12,778 11,513

19 Marshall & Ilsley Corp., Milwaukee H 12,600 12,486

20 Bancorp Hawaii, Inc., Honolulu 12,586 12,462

21 Mercantile Bancorporation Inc., St. Louis H 12,242 12,141

22 First Security Corp., Salt Lake City 12,149 10,212

23 Old Kent Financial Corp., Grand Rapids, Mich. 10,946 9,856

24 BayBanks, Inc., Boston 10,771 10,111

25 First Empire State Corp., Buffalo, N.Y. 10,529 10,365

26 First Tennessee National Corp., Memphis 10,522 9,609

27 BB&T Financial Corp., Wilson, N.C. 10,394 9,173

28 Central Fidelity Banks, Inc., Richmond 10,054 9,662

29 Union Planters Corp. Memphis 10,015 6,318 ===

Sources of Asset Data: American Banker quarterly earnings roundup and SNL Securities. Mega banking companies are banks that have assets of $70 billion or more on December 31, 1994. Superregional banking companies are banks with assets between $20 billion and $70 billion on December 31, 1994. Large regional banking companies are banks with assets between $10 billion and $20 billion on December 31, 1994. (H)- The 1993 data have been restated for subsequent mergers or changes in accounting principles.

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