LITTLE ROCK - Worthen Banking Corp., which operates 11 banks in Arkansas and Texas, earned $47.6 million last year, a 47% jump from 1993.

Fourth-quarter earnings also increased, by 30% to $12.1 million.

At the end of the fourth quarter, the company had equity capital of $311 million and market capitalization of $464 million, translating into a book value of $18.23 per share.

Worthen, which has $3.5 billion of assets, is being acquired by Boatmen's Bancshares of St. Louis in a one-for-one stock transaction.

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