+++ Set 1 of 3
Dividends and Payout
Pctg. Pt.
1Q95 Variance
Divi- Pct. From Wtd.
dend Change 1Q95 Average
Per From Payout Payout of Top 50 Banking Companies Share 4Q94 ratio* 37.60% AmSouth Bancorp. $0.38 - 55.10% 17.4 Banc One Corp. 0.34 9.70% 45.3 7.7 Bank of Boston Corp. 0.27 - 26 -11.7 Bank of New York Co. 0.32 - 30.2 -7.5 BankAmerica Corp. 0.46 15.00% 31.7 -5.9 Bankers Trust New York Corp. (NL) $1.00 - NM NM Barnett Banks Inc. 0.41 - 33.30% -4.3 Boatmen's Bancshares Inc. 0.34 - 50.8 13.1 Chase Manhattan Corp. 0.4 - 31.3 -6.4 Chemical Banking Corp. (XL) 0.44 - 30.1 -7.5 Citicorp $0.30 100.00% 19.60% -18 Comerica Inc. 0.32 - 37.7 0 CoreStates Financial Corp 0.34 - 89.5 51.8 Crestar Financial Corp. 0.4 - 33.9 -3.7 Fifth Third Bancorp 0.35 12.9 35 -2.6 First Bank System Inc. $0.36 25.00% 37.80% 0.1 First Chicago Corp. 0.55 - 27.8 -9.9 First Fidelity Bancorp. 0.5 - 38.8 1.1 First Interstate Bancorp 0.75 - 28.2 -9.4 First of America Bank Corp. 0.42 - 56 18.4 First Union Corp. $0.46 - 34.90% -2.8 Firstar Corp. 0.3 - 62.5 24.9 Fleet Financial Group 0.4 - 39.2 1.6 Huntington Bancshares Inc. 0.2 - 48.8 11.1 Integra Financial Corp. 0.45 - 36.9 -0.8 J.P. Morgan & Co. $0.75 - 59.10% 21.4 KeyCorp (XG) 0.36 12.50% 41.9 4.2 Marshall & Ilsley Corp. 0.15 - 32.6 -5 Mellon Bank Corp. 0.45 - 42.1 4.4 Mercantile Bancorp. 0.33 17.9 34 -3.6 Meridian Bancorp $0.34 - 46.60% 8.9 Michigan National Corp. 0.55 10.00% 29.6 -8.1 Midlantic Corp. 0.22 29.4 22.7 -15 National City Corp. 0.32 6.7 45.7 8.1 NationsBank Corp. 0.5 - 31.7 -6 NBD Bancorp $0.33 - 37.50% -0.1 Northern Trust Corp. 0.26 - 30.6 -7.1 Norwest Corp. 0.21 - 32.3 -5.3 PNC Bank Corp. 0.35 - 64.8 27.2 Regions Financial Corp. 0.33 10.00% 36.7 -1 Republic New York Corp. $0.36 9.1 25.20% -12.5 Shawmut National Corp. 0.22 - 46.8 9.2 Southern National Corp. (NL) 0.2 - NM NM SouthTrust Corp. 0.2 17.6 35.1 -2.6 State Street Boston Corp. 0.16 - 24.6 -13 SunTrust Banks Inc. $0.36 - 30.50% -7.1 U.S. Bancorp 0.25 - 38.5 0.8 UJB Financial Corp. 0.29 11.50% 40.3 2.6 Wachovia Corp. 0.33 - 40.2 2.6 Wells Fargo & Co. 1.15 15 26.1 -11.6 TOTAL $0.38 37.60%
Pctg. Pt.
1Q95 Variance
Divi- Pct. From Wtd.
dend Change 1Q95 Average
Per From Payout Payout of Top 25 Thrift Companies Share 4Q94 ratio* 38.90% Ahmanson & Company (H.F.) $0.22 - 66.70% 29 ALBANK Financial Corp. 0.12 20.00% 22.2 -15.4 Astoria Financial Corp. 0 - 0 -37.6 Brooklyn Bancorp 0 - 0 -37.6 California Federal Bank 0 - 0 -37.6 Charter One Financial $0.17 - 22.10% -15.6 Collective Bancorp 0.15 - 23.8 -13.8 Commercial Federal Corp. 0 - 0 -37.6 First Financial Corp. 0.12 20.00% 33.3 -4.3 FirstFed Michigan Corp. 0.15 7.1 24.6 -13.1 Glendale Federal Bank $0.00 - 0.00% -37.6 Golden West Financial 0.09 - 9.8 -27.9 Great Western Financial 0.23 - 82.1 44.5 GreenPoint Financial Corp. 0.2 - 33.3 -4.3 JSB Financial Inc. 0.25 25.00% 50 12.4 Long Island Bancorp $0.10 - 24.40% -13.3 People's Bank MHC 0.14 - 35.9 -1.7 Roosevelt Financial Group 0.14 27.30% 116.7 79 Security Capital Corp. 0 - 0 -37.6 Sovereign Bancorp 0.02 - 8.8 -28.8 St. Paul Bancorp $0.08 - 16.30% -21.3 Standard Federal Bancorp. 0.17 6.30% 20 -17.6 TCF Financial Corp. (NL)(XL) 0.25 - NM NM Washington Federal Inc. 0.22 - 44.9 7.3 Washington Mutual Inc. 0.19 - 31.7 -6 TOTAL $0.14 38.90% Set 2 of 3
Equity Capitalization
Basis Pt.
Variance
Common Pct. From Wtd.
Equity/ Change Avg. Eq.
Assets From Ratio of Top 50 Banking Companies at 3/31 12/95 6.56% AmSouth Bancorp. 7.82% 0.20% 127 Banc One Corp. 8.48 3.1 192 Bank of Boston Corp. 6.49 10 -7 Bank of New York Co. 8.47 -0.8 192 BankAmerica Corp. 7.24 -1.4 68 Bankers Trust New York Corp. (NL) 3.75% -15.50% -280 Barnett Banks Inc. 7.31 3.4 76 Boatmen's Bancshares Inc. 8.2 7.8 165 Chase Manhattan Corp. 5.9 -3.3 -66 Chemical Banking Corp. (XL) 5.04 -6.7 -152 Citicorp 5.21% -3.90% -134 Comerica Inc. 7.37 3 81 CoreStates Financial Corp 8.04 0.4 149 Crestar Financial Corp. 8.43 4.8 187 Fifth Third Bancorp 9.48 1.4 292 First Bank System Inc. 8.10% 10.90% 155 First Chicago Corp. 5.61 -5.8 -95 First Fidelity Bancorp. 7.5 2.6 94 First Interstate Bancorp 5.87 6.2 -69 First of America Bank Corp. 6.72 4.6 16 First Union Corp. 7.05% 1.00% 50 Firstar Corp. 8.53 -0.1 198 Fleet Financial Group 7.41 20.3 85 Huntington Bancshares Inc. 8.15 2.6 160 Integra Financial Corp. 6.71 7.5 15 J.P. Morgan & Co. 5.47% -6.50% -108 KeyCorp (XG) 6.88 1.3 33 Marshall & Ilsley Corp. 8.64 6.2 208 Mellon Bank Corp. 9.48 -0.7 292 Mercantile Bancorp. 8.65 -0.9 209 Meridian Bancorp 8.15% 1.00% 160 Michigan National Corp. 9.59 4.8 303 Midlantic Corp. 9.97 0.1 341 National City Corp. 7.62 1.4 107 NationsBank Corp. 6.15 -4.9 -40 NBD Bancorp 7.34% 5.00% 78 Northern Trust Corp. 6.29 5.1 -27 Norwest Corp. 6.24 11 -32 PNC Bank Corp. 7.04 3.2 48 Regions Financial Corp. 8.13 3 158 Republic New York Corp. 4.69% -2.20% -187 Shawmut National Corp. 6.09 -2.3 -47 Southern National Corp. (NL) 7.14 -0.3 58 SouthTrust Corp. 6.6 2.6 5 State Street Boston Corp. 6.01 6 -55 SunTrust Banks Inc. 8.66% 7.00% 210 U.S. Bancorp 7.84 5.1 128 UJB Financial Corp. 7.24 4 68 Wachovia Corp. 8.47 0.9 191 Wells Fargo & Co. 6.4 -0.1 -15 TOTAL 6.56%
Basis Pt.
Variance
Common Pct. From Wtd.
Equity/ Change Avg. Eq.
Assets From Ratio of Top 25 Thrift Companies at 3/31 12/95 6.33% Ahmanson & Company (H.F.) 4.38% 1.90% -218 ALBANK Financial Corp. 10.87 1.7 431 Astoria Financial Corp. 9.27 -21.9 271 Brooklyn Bancorp 8.48 4.3 193 California Federal Bank 3.93 4.6 -263 Charter One Financial 6.19% 2.80% -37 Collective Bancorp 6.38 3.8 -17 Commercial Federal Corp. 5.1 4.9 -145 First Financial Corp. 6.17 13.3 -39 FirstFed Michigan Corp. 5.5 1.6 -106 Glendale Federal Bank 4.69% 14.10% -186 Golden West Financial 6.16 -2.4 -39 Great Western Financial 5.18 -0.2 -138 GreenPoint Financial Corp. 22.01 0.7 1,546 JSB Financial Inc. 21.35 2 1,480 Long Island Bancorp 10.99% 2.50% 444 People's Bank MHC 7.2 7.2 65 Roosevelt Financial Group 4.12 -7.5 -244 Security Capital Corp. 18.3 -4.9 1,174 Sovereign Bancorp 4.59 -0.9 -197 St. Paul Bancorp 8.70% 2.30% 214 Standard Federal Bancorp. 6.7 -0.5 14 TCF Financial Corp. (NL)(XL) 6.05 -6.4 -51 Washington Federal Inc. 13.65 -0.3 710 Washington Mutual Inc. 5.73 1.3 -82 TOTAL 6.33% Set 3 of 3
Shares Outstanding
Common
Shares
Outst- Unit Pct.
anding Change Change
(Mil) From From Top 50 Banking Companies at 3/31 12/95 12/95 AmSouth Bancorp. 58.2 123,000 0.20% Banc One Corp. 394.4 -2,607,064 -0.7 Bank of Boston Corp. 111.2 4,619,851 4.3 Bank of New York Co. 190.8 3,252,229 1.7 BankAmerica Corp. 369.5 -1,639,000 -0.4 Bankers Trust New York Corp. (NL) 78.3 269,053 0.30% Barnett Banks Inc. 97.1 394,388 0.4 Boatmen's Bancshares Inc. 127.6 23,264,754 22.3 Chase Manhattan Corp. 177.5 375,763 0.2 Chemical Banking Corp. (XL) 240.8 -3,700,000 -1.5 Citicorp 397.5 2,387,000 0.60% Comerica Inc. 118.2 -1,129,549 -0.9 CoreStates Financial Corp 143.1 -1,773,000 -1.2 Crestar Financial Corp. 38.4 1,066,196 2.9 Fifth Third Bancorp 65.2 490,937 0.8 First Bank System Inc. 135.4 1,588,946 1.20% First Chicago Corp. 89.8 -22,005 0 First Fidelity Bancorp. 79.3 -1,666,838 -2.1 First Interstate Bancorp 75.8 1,630,535 2.2 First of America Bank Corp. 63.2 340,210 0.5 First Union Corp. 172.1 -3,965,000 -2.30% Firstar Corp. 73.2 -114,426 -0.2 Fleet Financial Group 141.2 6,217,711 4.6 Huntington Bancshares Inc. 129.9 -309,593 -0.2 Integra Financial Corp. 32.7 -81,486 -0.2 J.P. Morgan & Co. 187.4 -301,622 -0.20% KeyCorp (XG) 238.2 -2,174,514 -0.9 Marshall & Ilsley Corp. 93.6 1,068,585 1.2 Mellon Bank Corp. 146.5 -678,826 -0.5 Mercantile Bancorp. 45.5 2,254,270 5.2 Meridian Bancorp 55.8 -679,835 -1.20% Michigan National Corp. 13.3 55,626 0.4 Midlantic Corp. 52.4 -130,667 -0.2 National City Corp. 146.6 -984,846 -0.7 NationsBank Corp. 275.4 -1,034,000 -0.4 NBD Bancorp 158 2,119,567 1.40% Northern Trust Corp. 56 1,891,000 3.5 Norwest Corp. 322.4 13,255,143 4.3 PNC Bank Corp. 229.1 -4,126,483 -1.8 Regions Financial Corp. 44.9 -128,764 -0.3 Republic New York Corp. 52.3 -354,767 -0.70% Shawmut National Corp. 122.1 1,448,397 1.2 Southern National Corp. (NL) 102.2 -32,353 0 SouthTrust Corp. 82 525,400 0.6 State Street Boston Corp. 82.5 6,071,000 7.9 SunTrust Banks Inc. 115.3 -356,426 -0.30% U.S. Bancorp 98.2 17,000 0 UJB Financial Corp. 55.3 251,821 0.5 Wachovia Corp. 171.2 273,721 0.2 Wells Fargo & Co. 49.6 -1,671,740 -3.3 TOTAL 6,596.20 45,589,299 0.70%
Common
Shares
Outst- Unit Pct.
anding Change Change
(Mil) From From Top 25 Thrift Companies at 3/31 12/95 12/95 Ahmanson & Company (H.F.) 117.1 -2,252 0.00% ALBANK Financial Corp. 12.2 -232,826 -1.9 Astoria Financial Corp. 11.9 -141,090 -1.2 Brooklyn Bancorp 12 -384,592 -3.1 California Federal Bank 49.2 4,044 0 Charter One Financial 22.5 -89,700 -0.40% Collective Bancorp 20.3 33,517 0.2 Commercial Federal Corp. 12.9 58,614 0.5 First Financial Corp. 29.3 4,447,413 17.9 FirstFed Michigan Corp. 18.7 25,988 0.1 Glendale Federal Bank 40.7 17,520 0.00% Golden West Financial 58.6 1,050 0 Great Western Financial 134.9 623,894 0.5 GreenPoint Financial Corp. 47 -76,613 -0.2 JSB Financial Inc. 10.6 -75,774 -0.7 Long Island Bancorp 26.7 -120,239 -0.40% People's Bank MHC 37 347,985 1 Roosevelt Financial Group 40.1 -16,539 0 Security Capital Corp. 9.9 -204,500 -2 Sovereign Bancorp 47.5 -301,350 -0.6 St. Paul Bancorp 18.6 -218,413 -1.20% Standard Federal Bancorp. 31.5 12,850 0 TCF Financial Corp. (NL)(XL) 17.5 5,371,287 44.4 Washington Federal Inc. 39.6 -291,686 -0.7 Washington Mutual Inc. 62.1 178,086 0.3 TOTAL 928.5 8,966,674 1.00% === *Dividends as % of earnings. NL-Net loss for the period. XL-Loss on extraordinary item in period. XG-Gain on extraordinary item in period. Peer group dividend, payout and equity ratio figures are weighted by average common shares Source: SNL Securities LP. Compiled by American Banker
