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Sovereign Bancorp
Wyomissing, Pa.
Dollar amounts in millions (except per share)
First Quarter 1Q99 1Q98
Net income $45.1 $15.1
Per share 0.028 0.09
ROA 0.81% 0.77%
ROE 15.01% 13.21%
Net interest margin 2.80% 2.89%
Net interest income 139.8 120.6
Noninterest income 32.3 22.8
Noninterest expense 95.7 111.4
Balance Sheet 3/31/99 3/31/98
Assets $23,188.1 $19,065.4
Deposits 12,040.0 9,892.7
Loans 11,561.4 11,154.0
Synovus Financial Corp.
Columbus, Ga.
Dollar amounts in millions (except per share)
First Quarter 1Q99 1Q98
Net income $48.2 $41.2
Per share 0.18 0.15
ROA 1.88% 1.81%
ROE 18.54% 18.16%
Net interest margin 5.08% 5.22%
Net interest income 118.1 107.5
Noninterest income 159.4 132.3
Noninterest expense 194.4 166.6
Balance Sheet 3/31/99 3/31/98
Assets $10,622.8 $9,376.7
Deposits 8,464.5 7,889.8
Loans 7,628.1 6,255.7
Northern Trust Corp.
Chicago
Dollar amounts in millions (except per share)
First Quarter 1Q99 1Q98
Net income $95.1 $84.9
Per share 0.82 0.73
ROA 1.31% 1.32%
ROE 20.62% 20.73%
Net interest margin 2.07% 2.11%
Net interest income 134.5 122.0
Noninterest income 286.1 256.6
Noninterest expense 266.4 236.2
Balance Sheet 3/31/99 3/31/98
Assets $27,554.6 $24,251.8
Deposits 16,592.2 16,166.2
Loans 13,899.3 12,804.5
M&T Bank Corp.
Buffalo, N.Y.
Dollar amounts in millions (except per share)
First Quarter 1Q99 1Q98
Net income $66.9 $49.0
Per share 8.34 7.01
ROA 1.34% 1.41%
ROE 16.56% 18.86%
Net interest margin 3.98% 4.39%
Net interest income 183.1 144.7
Noninterest income 72.7 68.9
Noninterest expense 139.5 133.9
Balance Sheet 3/31/99 3/31/98
Assets $20,284.8 $14,570.3
Deposits 14,475.9 11,084.8
Loans 15,506.1 11,754.7
First Security Corp.
Salt Lake City, Utah
Dollar amounts in millions (except per share)
First Quarter 1Q99 1Q98
Net income $64.9 $61.4
Per share 0.34 0.32
ROA 1.23% 1.38%
ROE 16.65% 17.62%
Net interest margin 3.92% 4.15%
Net interest income 185.2 166.9
Noninterest income 123.4 108.5
Noninterest expense 192.4 165.8
Balance Sheet 3/31/99 3/31/98
Assets $21,959.2 $19,132.9
Deposits 12,574.0 11,823.0
Loans 12,987.6 12,273.2
North Fork Bancorp.
Melville, N.Y.
Dollar amounts in millions (except per share)
First Quarter 1Q99 1Q98
Net income $53.6 $7.4
Per share 0.38 0.05
ROA 2.00% 0.29%
ROE 25.94% 3.88%
Net interest margin 4.36% 4.41%
Net interest income 111.3 106.5
Noninterest income 17.0 11.3
Noninterest expense 43.4 106.8
Balance Sheet 3/31/99 3/31/98
Assets $11,221.1 $9,924.5
Deposits 6,496.9 6,371.1
Loans 5,901.8 5,760.8
Fifth Third Bancorp
Cincinnati
Dollar amounts in millions (except per share)
First Quarter 1Q99 1Q98
Net income $150.4 $124.2
Per share 0.55 0.46
ROA 2.08% 1.78%
ROE 19.30% 18.60%
Net interest margin 4.23% 3.87%
Net interest income 284.2 254.7
Noninterest income 175.0 140.1
Noninterest expense 192.8 173.3
Balance Sheet 3/31/99 3/31/98
Assets $29,652.2 $28,983.8
Deposits 18,861.7 18,829.1
Loans 18,041.5 17,461.6
Dime Bancorp
New York
Dollar amounts in millions (except per share)
First Quarter 1Q99 1Q98
Net income $55.0 $57.0
Per share 0.49 0.49
ROA 1.01% 1.04%
ROE 15.66% 17.63%
Net interest margin 2.75% 2.63%
Net interest income 135.0 136.0
Noninterest income 149.0 107.0
Noninterest expense 183.0 150.0
Balance Sheet 3/31/99 3/31/98
Assets $21,550.0 $22,024.0
Deposits 13,166.0 13,991.0
Loans 12,480.0 12,663.0
Charter One Financial Inc.
Cleveland
Dollar amounts in millions (except per share)
First Quarter 1Q99 1Q98
Net income $88.1 $74.1
Per share 0.52 0.43
ROA 1.45% 1.22%
ROE 18.34% 16.39%
Net interest margin 3.35% 3.14%
Net interest income 194.2 181.1
Noninterest income 53.6 46.3
Noninterest expense 109.8 46.3
Balance Sheet 3/31/99 3/31/98
Assets $24,554.8 $23,914.7
Deposits 15,127.0 14,417.2
Loans 17,245.8 15,981.3
People's Bank
Bridgeport, Conn.
Dollar amounts in millions (except per share)
First Quarter 1Q99 1Q98
Net income $27.9 $25.4
Per share 0.44 0.41
ROA 1.13% 1.21%
ROE 13.30% 13.40%
Net interest margin 4.21% 4.35%
Net interest income 85.0 72.6
Noninterest income 76.7 72.7
Noninterest expense 101.2 89.9
Balance Sheet 3/31/99 3/31/98
Assets $10,004.9 $9,149.5
Deposits 6,913.1 6,626.4
Loans 6,354.7 5,606.4