1997 Performance of Top U.S. Banking Companies

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Large Regional Banks - Assets between $10 billion and $25 billion Returns on Average Assets

Rank 97 '96

'97 '96 % (Ann) % (Ann)

1 1 MBNA Corp., Newark, Del. (2) 3.25 3.26

2 2 Fifth Third Bancorp, Cincinnati 1.96 1.78

3 NR Star Banc Corp., Cincinnati 1.88 1.63

4 4 Marshall & Ilsley Corp., Milwaukee 1.53 1.49

5 6 Firstar Corp., Milwaukee 1.53 1.48

6 NR First Tennesee National Corp., Memphis 1.49 1.43

7 14 First of America Corp., Kalamazoo, Mich 1.41 1.16

8 18 Crestar Financial Corp., Richmond, Va. 1.42 1.17

9 NR First American Corp., Nashville, Tenn. 1.42 1.3

10 7 Regions Financial Corp., Montgomery, Al 1.41 1.38

11 NR Hibernia Corp., New Orleans 1.38 1.34

12 NR Associated Banc-Corp., Green Bay, Wis. 1.37 1.34

13 NR Commerce Bancshares ,Kansas City, Mo 1.37 1.28

14 nr Old Kent Finacial Corp., Grand Rapids, 1.27 1.3

15 8 First Security Corp., Salt Lake City, U 1.36 1.36

16 NR Firat Empire State Corp.,Buffalo 1.32 1.21

17 17 AmSouth Bancorp, Birmingham, Ala. 1.25 1.15

18 NR Compass Bancshares Inc., Birmingham, Al 1.23 1.09

19 19 Union Planters Corp., Memphis, Tenn. 1.16 0.94

20 11 Citizens Financial Group Inc., Providen 1.16 1.18

21 13 Popular Inc., San Juan, P.R. 1.14 1.14

22 12 LaSalle National Corp., Chicago 1.11 1.15

23 NR First Maryland Bankcorp, Baltimaore 1.07 1.26

24 NR Pacific Century Financial Corp., Honolu 0.98 1

24 20 Harris Bancorp, Chicago 1 0.85 0.85

ROAA % ROAA %

Return on Average Assets '97 '96

Mean Values for all 59 bank institution 1.35 1.32

Standard Deviation of 59 bank universe 0.37 0.37 Returns on Average Common Equity

Rank 97 '96

'97 '96 % (Ann) % (Ann)

1 1 MBNA Corp., Newark, Del. (2) 35.56 34.46

2 NR Star Banc Corp., Cincinnati 22.62 18.95

3 NR First Tennesee National Corp., Memphis 22.47 20.05

4 5 Fifth Third Bancorp, Cincinnati 19.6 17.8

5 15 Citizens Financial Group Inc., Providen 18.51 13.44

6 NR First Empire State Corp., Buffalo 18.49 17.6

7 12 Firstar Corp., Milwaukee 18.41 15.95

8 NR Old Kent Financial Corp., Grand Rapids, 17.55 15.86

9 14 First of America Corp., Kalamazoo, Mich 17.41 14.39

10 3 LaSalle National Corp., Chicago (1) 17.38 19.8

12 NR Compass Bancshares Inc., Birmingham, Al 17.31 16.6

13 8 First Security Corp., Salt Lake City, U 16.93 16.65

14 NR Associated Banc-Corp., Green Bay, Wis. 16.93 16.73

15 9 Marshall & Ilsley Corp., Milwaukee 16.77 15.88

16 16 AmSouth Bancorp, Birmingham, Ala. 16.51 13.23

17 NR First American Corp., Nashville, Tenn. 16.48 15.24

18 19 Crestar Financial Corp., Richmond, Va. 16.46 12.28

19 13 Regions Financial Corp., Montgomery, Al 16.29 15.19

20 11 Popular Inc., San Juan, P.R. 15.83 16.15

21 NR Hibernia Corp., New Orleans 13.85 13.61

22 NR Pacific Century Financial Corp., Honolu 12.57 12.43

23 10 Union Planters Corp., Memphis, Tenn. 12.54 11.38

24 20 Harris Bancorp, Chicago (1) 11.31 12.08

25 NR First Maryland 9.66 11.33

ROAE % ROAE %

Return on Average Common Equity '97 '96

Mean Values for all 59 bank institution 17.6 16.56

Standard Deviation of 59 bank universe 4.04 3.74 Nonperforming Assets Ratio

Rank

'97 '96 '97 '96

1 NR First American Corp., Nashville, Tenn. 0.17 0.23

2 NR First Tennesee National Corp., Memphis 0.17 0.2

3 6 Harris Bancorp, Chicago (1) 0.2 0.3

4 5 Fifth Third Bancorp, Cincinnati 0.29 0.28

5 NR Hibernia Corp., New Orleans 0.33 0.4

6 NR First Security Corp., Salt Lake City, U 0.36 0.41

7 NR Compass Bancshares Inc., Birmingham, Al 0.41 0.39

8 10 Firstar Corp., Milwaukee 0.52 0.72

9 7 LaSalle National Corp., Chicago (1) 0.52 0.6

10 NR Star Banc Corp., Cincinnati 0.53 0.7

11 11 Crestar Financial Corp., Richmond, Va. 0.55 0.77

12 2 Marshall & Ilsley Corp., Milwaukee 0.63 0.73

13 NR Commerce Bancshares, Kansas City, Mo. 0.63 0.73

14 13 AmSouth Bancorp, Birmingham, Ala. 0.68 0.78

15 19 Regions Financial Corp., Montgomery, Al 0.7 0.56

16 NR Associated Banc-Corp., Green Bay, Wis. 0.72 0.66

17 NR Old Kent Financial Corp., Grand Rapids, 0.74 0.62

18 NR First Empire State Corp., Buffalo 0.77 0.99

19 12 First of America Corp., Kalamazoo, Mich 0.78 0.76

20 NR First Maryland Bancorp, Baltimore (1) 0.8 0.87

21 17 Citizens Financial Group Inc., Providen 0.86 1.13

22 14 Union Planters Corp., Memphis, Tenn. 1.13 1.15

23 NR Pacific Century Financial Corp., Honolu 1.27 1.28

24 20 MBNA Corp., Newark, Del. (2) 1.63 1.1

25 18 Popular Inc., San Juan, P.R. 1.86 1.58

NPAR % NPAR %

Nonperforming Assets Ratio '97 '96

Mean Values for all 59 bank institutions 0.71 0.8

Standard Deviation of 59 bank universe 0.46 0.66 Source: American Banker Research, 1997 yearend bank earnings releases. Mega Banks are bank holding companies that have assets of $75 billion or more on Dec. 31, 1997.Super-Regional banking companies are banks with assets between $25 billion and $75 billion on Dec. 31, 1997. Large Regional banking companies are banks with assets between $10 billion and $25 billion on Dec. 31, 1997. (a) - Return on realized common equity excludes the impact of SFAS No. 115 (unrealized gains/losses on securities available for sale). (b) - Return on realized common equity excludes the impact of SFAS No. 115 (unrealized gains/losses on securities available for sale). The ROE would have been 14.10% and 15.60% respectively. (c) - nonrecurring charge as reported due to merger(s). Operating ROE and ROA equalled 22.0% and 19.80% respectively. (d) - nonrecurring charge as reported due to merger(s). Operating ROE and ROA equalled 20.09% and 20.40% respectively. (e) - nonrecurring charge as reported due to merger. Operating ROE equalled 17.65%. (f) - nonrecurring charge as reported due to merger(s). Operating ROE and ROA equalled 17.08% and 16.48% respectively. (g) - Nonrecurring charge as reported due to merger(s). Operating ROE and ROA equalled 16.50% and 1.46% respectively. (1) US subsidiary of a Foreign Banking institution. (2) Delinquencies on Managed Loan Portfolio. Net charge off losses are 3.97% and 3.35% respectively. NCO losses balance sheet 2.14% and 1.98% respectively. Nonperforming ratio = 90 plus days delinquency on loan receivables divided by total loans. This ratio reflects balance sheet loans receivable. However, it does not reflect the credit quality of Off Balance Sheet loan securitizations set up in the form of a Master Trust Asset-Backed Issue. The nonperforming asset ratio (NPAR) is nonperforming assets as a percentage of period end loans + OREO. Nonperforming assets are loans, leases, and foreclosed real estate properties (OREO) that are past due plus those which are currently holding a nonaccrual status. Past Due total assets are the full outstanding balance of loans and lease financing receivable and other assets that are past due 90 days or more and upon which the bank continues to accrue interest. Nonaccrual total assets are the principal and or interest that has been in default for a period of 90 days or more unless the obligation is both well secured and in the process of collection. OREO (Other Real Estate Owned) obligations is the book value (not to exceed Fair value), less accumulated depreciation, of all real estate other than bank premises owned or controlled by the bank and its consolidated subsidiaries. Return on average assets is net income (annualized) as a percentage of average total assets for the period. This indicates how effectively a bank holding company uses its total resources. Return on average common equity is net income (annualized) as a percentage of average equity for the period. NR = Not ranked with Top U.S. Bank Holding Companies for 1996 year-end. LR = Numerical ranking for 1996 was listed with Large Regional Banks. SR = Numerical ranking for 1996 was listed with Superregional Banks. American Banker 1998 ===