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Performance Study Peer Groups
Asset Total Assets: Mar. 31
Rank ($ millions)
3/31/97 MEGABANKS 1997 1996
1 Chase Manhattan Corp., New York 340,338 301,984
2 Citicorp, New York 290,354 263,566
3 Bank America Corp., San Francisco 249,904 234,243
4 NationsBank Corp., Charlotte, NC 238,958 194,375
5 J.P. Morgan & Co., Inc., New York 226,382 204,747
6 First Union Corp., Charlotte, NC 136,730 130,581
7 Bankers Trust New York Corp. 122,978 108,144
8 First Chicago NBD Corp., Chicago 109,133 115,465
9 Wells Fargo & Co., San Francisco 101,863 48,978
10 Banc One Corp., Columbus 101,588 95,812
11 Norwest Corp., Minneapolis 83,580 73,942
12 Fleet Financial Group, Inc., Boston 81,692 72,123
SUPEREGIONAL BANKS
1 PNC Bank Corp., Pittsburgh 71,166 72,684
2 KeyCorp, Cleveland 67,893 65,052
3 Bank of Boston Corp., Boston 64,780 46,457
4 Bank of New York Co., Inc., New York 58,384 53,317
5 Suntrust Banks, Inc., Atlanta 53,733 46,586
6 Republic NY Corp., New York 54,969 47,144
7 National City Corp., Cleveland 50,381 35,110
8 Wachovia Corp., Winston-Salem, NC 47,491 45,407
9 CoreStates Financial Corp., Philadelph 44,103 28,822
10 Mellon Bank Corp., Pittsburgh 42,068 41,605
11 Barnett Banks Inc., Jacksonville, Fla. 41,848 41,632
12 First Bank System, Inc., Minneapolis 36,000 36,572
13 Comerica Inc., Detroit 34,868 35,461
14 US Bancorp , Portland, Oregon 33,754 31,492
15 State Street Boston Corp., Boston 33,631 27,229
16 UnionBankCal, San Francisco (1) 29,424 7,977
17 SouthTrust Corp., Birmingham, Ala. 27,350 22,624
LARGE REGIONAL BANKS
1 HSBC Americas, Inc., Buffalo, NY (1) 23,630 21,551
2 Summit Bancorp, Princeton, NJ 23,439 22,328
3 Northern Trust Corp., Chicago 23,232 20,302
4 Southern National Corp., Winston-Salem 22,052 20,174
5 Crestar Financial Corp., Richmond, Va. 21,983 17,917
6 Harris Bank, Chicago (1) 21,783 16,899
7 Huntington Bancshares, Inc., Columbus, 21,603 20,138
8 First of America Bank Corp., Kalamazoo 21,471 22,718
9 Fifth Third Bancorp, Cincinnati 20,176 18,854
10 Regions Financial Corp., Birmingham, A 19,786 17,684
11 Firstar Corp., Milwaukee 19,204 19,123
12 Mercantile Bancorp, Inc., St. Louis 18,948 18,119
13 La Salle National Corp., Chicago, IL ( 18,789 16,250
14 AmSouth Bancorp, Birmingham, Ala. 18,014 17,945
15 Popular, Inc., San Juan, PR (3) 17,407 15,805
16 MBNA Corp., Wilmington, DE 17,035 13,531
17 Citizens Financial Group Inc., Provide 15,500 10,205
18 Union Planters Corp., Memphis, Tenn. 14,932 11,369
19 Marshall & Ilsley Corp., Milwaukee 14,890 13,377
20 First Security Corp., Salt Lake City, 14,417 12,752
21 Pacific Century Financial, Honolulu, H 13,987 12,905
22 Old Kent Financial Corp, Michigan 13,186 11,991
23 First Empire State Corp. , Buffalo, NY 13,122 12,671
24 First Tennessee National Corp. 12,976 12,313
25 Compass Bancshares, Birmingham, AL 12,121 10,641
26 Signet Banking Corp, Richmond, VA 11,712 11,068
Sources of Asset Data: American Banker Research, First Quarter 1997 Bank