1
BANC ONE CORPORATION
1996 1997
-------------------------------------------------------- --------------------
(UNAUDITED)
(millions, except per share & staff) 1Q 2Q 3Q 4Q YTD 1Q 2Q
-------------------------------------------------------- --------------------
PERFORMANCE HIGHLIGHTS
Net income 422.8 395.2 412.7 442.1 1,672.8 381.9 15.8
Net income per com. share-primary 0.69 0.66 0.69 0.74 2.78 0.65 0.02
Cash dividends per common share (orig reported) 0.34 0.34 0.34 0.34 1.36 0.38 0.38
Book value per common share 15.99 16.26 16.42 16.93 16.74 16.62
KEY RATIOS & STATISTICAL DATA
Return on average assets 1.63% 1.54% 1.58% 1.63% 1.59% 1.40% 0.06%
Return on average common equity 18.15% 17.17% 17.49% 18.49% 17.83% 16.30% 0.51%
Return on average total equity 17.86% 16.90% 17.23% 18.23% 17.56% 16.11% 0.63%
Risk-based capital
Tier 1 capital - $ 8,717.1 8,954.0 8,803.6 9,556.9 9,063.1 8,421.8
Total capital - $ 12,105.8 12,276.0 12,178.6 13,482.2 12,922.8 13,173.3
Total risk adjusted assets - $ 86,310.7 88,563.5 91,462.3 95,788.5 96,077.8 102,756.3
Tier 1 capital - % 10.10% 10.11% 9.63% 9.98% 9.43% 8.19%
Total capital - % 14.03% 13.86% 13.32% 14.07% 13.45% 12.82%
Goodwill - $ 552.8 560.3 701.0 508.4 500.1 762.1
Other intangibles - $ 409.3 351.5 384.8 264.4 243.2 299.7
------------------------- ------ ------ ------ ------ ------ ------
Total intangibles - $ 962.1 911.8 1,085.8 772.8 743.3 1,061.8
EOP-Leverage ratio 8.44% 8.72% 8.52% 8.88% 8.27% 7.61%
EOP-Tangible equity to tangible assets 8.28% 8.35% 7.99% 8.17% 8.00% 7.68%
EOP-Tangible common equity to tangible assets 8.04% 8.12% 7.76% 7.98% 7.83% 7.52%
EOP-Total equity to assets 9.13% 9.15% 8.92% 8.80% 8.61% 8.53%
AVG-Common equity to assets 8.92% 8.86% 8.92% 8.72% 8.50% 8.73%
AVG-Total equity to assets 9.15% 9.09% 9.15% 8.92% 8.68% 8.90%
Net interest margin - E/A gross 5.44% 5.43% 5.43% 5.52% 5.45% 5.53% 5.41%
Net funds function (NIM-LLP) - E/A gross 4.63% 4.60% 4.42% 4.22% 4.47% 4.43% 3.84%
Efficiency ratio (xcld net sec. gain (loss) 58.67% 60.68% 59.06% 58.56% 59.22% 60.50% 79.11%
Full-time equiv. staff 54,117 54,794 54,557 55,045 54,056 55,395
2
BANC ONE CORPORATION
1996 1997
------------------------------------------------- --------------------
(UNAUDITED)
(millions, except per share & staff) 1Q 2Q 3Q 4Q YTD 1Q 2Q
------------------------------------------------- --------------------
ASSET QUALITY DATA
CHARGE-OFFS:
Commercial, financial & agricultural 18.3 19.4 12.2 18.4 68.3 11.4 10.5
Real estate - residential 4.9 5.8 5.9 8.6 25.2 8.2 11.4
Consumer, net 78.5 77.2 89.6 95.6 340.9 114.8 111.3
Credit Card 133.8 133.4 158.8 197.1 623.1 196.7 230.8
Leases, net 2.4 0.6 1.5 4.0 8.5 1.6 1.1
------------------------------------------------------------------------------------------ --------------------------
Total charge-offs 237.9 236.4 268.0 323.7 1,066.0 332.7 365.1
RECOVERIES:
Commercial, financial & agricultural 10.4 18.0 12.9 13.8 55.1 7.6 12.4
Real estate - residential 1.1 1.3 1.2 1.8 5.4 1.6 1.8
Consumer, net 32.9 28.9 27.2 29.4 118.4 35.7 35.9
Credit card - reported 14.5 15.3 16.3 18.3 64.4 39.9 20.9
Leases, net 0.7 0.8 0.9 0.7 3.1 0.6 0.3
------------------------------------------------------------------------------------------ --------------------------
Total recoveries 59.6 64.3 58.5 64.0 246.4 85.4 71.3
NET CHARGE-OFFS:
Commercial, financial & agricultural 7.9 1.4 (0.7) 4.6 13.2 3.8 (1.9)
Real estate - residential 3.8 4.5 4.7 6.8 19.8 6.6 9.6
Consumer, net 45.6 48.3 62.4 66.2 222.5 79.1 75.4
Credit card - reported 119.3 118.1 142.5 178.8 558.7 156.8 209.9
Leases, net 1.7 (0.2) 0.6 3.3 5.4 1.0 0.8
------------------------------------------------------------------------------------------ --------------------------
TOTAL NET CHARGE-OFFS 178.3 172.1 209.5 259.7 819.6 247.3 293.8
NET CHARGE-OFFS - %:
Commercial, financial & agricultural 0.11% 0.02% -0.01% 0.06% 0.05% 0.05% -0.02%
Real estate - residential 0.13% 0.15% 0.15% 0.19% 0.16% 0.18% 0.25%
Consumer, net 0.92% 0.96% 1.22% 1.37% 1.12% 1.60% 1.44%
Credit card - reported 3.75% 4.20% 4.67% 5.21% 4.48% 4.57% 6.36%
Leases, net 0.38% -0.04% 0.11% 0.59% 0.27% 0.18% 0.13%
------------------------------------------------------------------------------------------ --------------------------
TOTAL NET CHARGE-OFFS /
AVG. LOANS (INCLD LN HFS) 0.97% 0.94% 1.10% 1.31% 1.08% 1.24% 1.42%
------------------------------------------------------------------------------------------ --------------------------
3
BANC ONE CORPORATION
1996 1997
-------------------------------------------------------- -------------------
(UNAUDITED)
(millions, except per share & staff) 1Q 2Q 3Q 4Q YTD 1Q 2Q
-------------------------------------------------------- -------------------
NONPERFORMING ASSETS:
Nonaccrual loans 407.6 385.6 415.2 374.2 371.9 395.4
Renegotiated loans 2.1 2.1 1.2 8.2 2.3 1.0
---------------------------------------------------------------------------------------------------------------------------
Total nonperforming loans 409.7 387.7 416.4 382.4 374.2 396.4
Other real estate owned 76.6 70.5 61.8 53.0 59.6 53.7
---------------------------------------------------------------------------------------------------------------------------
Total nonperforming assets 486.3 458.2 478.2 435.4 433.8 450.1
---------------------------------------------------------------------------------------------------------------------------
LOANS DELINQUENT 90+ DAYS
Total - $ 294.1 330.8 404.6 483.9 516.3 494.2
Total - % (Incld Ln HFS) 0.40% 0.45% 0.53% 0.60% 0.63% 0.58%
--------------------------------------------------------------------------------------------------------------------------
% - Wholesale (Coml,fin,agric + com'l RE + const) 0.10% 0.11% 0.20% 0.18% 0.21% 0.28%
% - Real estate, residential 0.23% 0.24% 0.28% 0.25% 0.28% 0.19%
% - Consumer, net 0.30% 0.35% 0.40% 0.49% 0.45% 0.41%
% - Credit card - reported 1.57% 1.66% 1.85% 2.05% 2.35% 2.05%
% - Leases, net 0.03% 0.04% 0.05% 0.07% 0.15% 0.47%
---------------------------------------------------------------------------------------------------------------------------
Allowance to ending loans 1.50% 1.49% 1.48% 1.51% 1.55% 1.62%
Allowance to NPLs 263.1% 283.8% 271.7% 313.2% 326.7% 343.6%
Allowance to NPAs 221.7% 240.2% 236.6% 275.1% 281.8% 302.6%
NPLs to total loans + loans HFS 0.56% 0.52% 0.54% 0.47% 0.46% 0.47%
NPAs to total loans + loans HFS 0.67% 0.62% 0.62% 0.54% 0.53% 0.53%
NPAs to total loans + loans HFS + OREO 0.67% 0.62% 0.62% 0.54% 0.53% 0.53%
4
BANC ONE CORPORATION
1996 1997
----------------------------------------------------- ------------------------
(UNAUDITED)
(millions, except per share & staff) 1Q 2Q 3Q 4Q YTD 1Q 2Q
----------------------------------------------------- -----------------------
INCOME STATEMENT
Total interest income 2,154.0 2,106.3 2,179.0 2,296.9 8,736.2 2,324.1 2,359.8
Total interest expense 893.7 850.1 902.6 951.2 3,597.6 966.3 1,007.4
------------------------------------------------------------------------------------------------ ---------------------
Net interest income 1,260.3 1,256.2 1,276.4 1,345.7 5,138.6 1,357.8 1,352.4
------------------------------------------------------------------------------------------------ ---------------------
Provision for credit losses 188.1 194.7 240.3 319.6 942.7 271.9 395.8
------------------------------------------------------------------------------------------------ ---------------------
Investment management & advisory activities 62.5 67.7 71.8 77.1 279.1 74.2 76.2
Service charges on deposit accounts 156.8 161.2 165.8 170.3 654.1 166.0 174.8
Mortgage banking 19.8 26.1 20.5 22.3 88.7 20.3 19.5
Credit card & merchant processing fees 70.5 63.7 72.5 74.0 280.7 38.0 44.5
Loan servicing income 257.7 279.1 277.9 265.6 1,080.3 271.3 297.5
------------------------- ----- ----- ----- ----- ------- ----- -----
Loan processing & servicing income 348.0 368.9 370.9 361.9 1,449.7 329.6 361.5
Securities gains 1.1 4.5 1.6 9.5 16.7 15.2 17.1
Insurance 26.3 31.8 25.8 34.0 117.9 32.6 31.4
Securities brokerage 22.1 29.4 29.9 26.5 107.9 28.0 35.7
Investment banking 8.3 11.3 6.6 13.3 39.5 9.3 13.1
Other 131.3 97.4 165.4 303.9 698.0 152.3 120.7
--------- ----- ---- ----- ----- ----- ----- -----
Other income 188.0 169.9 227.7 377.7 963.3 222.2 200.9
------------------------------------------------------------------------------------------------- ---------------------
Total non-interest income 756.4 772.2 837.8 996.5 3,362.9 807.2 830.5
------------------------------------------------------------------------------------------------- ---------------------
Salaries and related costs 543.6 547.4 541.0 572.6 2,204.6 567.7 565.6
Net occupancy expense 48.5 51.4 48.1 44.1 192.1 51.2 48.9
Equipment expense 30.1 30.9 31.9 32.3 125.2 30.2 28.9
Taxes other than income & payroll 24.6 25.2 19.7 20.5 90.0 23.1 25.4
Depreciation 71.7 79.6 69.4 80.1 300.8 78.8 79.3
Amortization of intangibles 35.1 39.1 34.3 38.2 146.7 29.8 31.5
Outside services and processing 155.3 164.2 165.1 189.6 674.2 191.5 192.7
Marketing & development 95.0 100.1 101.4 149.4 445.9 130.0 200.3
Communication and transportation 88.3 93.4 96.4 100.3 378.4 94.4 104.7
Restructuring charges 0.0 0.0 0.0 0.0 0.0 0.0 337.3
FDIC insurance 4.2 4.2 38.3 1.5 48.2 2.9 3.2
Other 95.6 102.5 111.4 146.4 455.9 109.4 106.4
--------- ----- ------ ------ ------ ------ ------ -----
Other expense 99.8 106.7 149.7 147.9 504.1 112.3 109.6
------------------------------------------------------------------------------------------------- ---------------------
Total non-interest expense 1,192.0 1,238.0 1,257.0 1,375.0 5,062.0 1,309.0 1,724.2
------------------------------------------------------------------------------------------------- ---------------------
Income before income taxes 636.6 595.7 616.9 647.6 2,496.8 584.1 62.9
------------------------------------------------------------------------------------------------- ---------------------
Provision for income taxes 213.8 200.5 204.2 205.5 824.0 202.2 47.1
------------------------------------------------------------------------------------------------- ---------------------
Net income 422.8 395.2 412.7 442.1 1,672.8 381.9 15.8
Preferred dividends 4.3 4.2 4.2 3.6 16.3 3.4 3.2
------------------------------------------------------------------------------------------------- ---------------------
Net income appl. to common 418.5 391.0 408.5 438.5 1,656.5 378.5 12.6
Per common share 0.69 0.66 0.69 0.74 2.78 0.65 0.02
================================================================================================= =====================
Wtd avg. com. shares 600.4 595.7 592.8 590.7 594.9 588.3 583.2
EOP outstanding com. shares 575.2 575.0 568.2 570.7 563.7 581.5
Memo: Taxable equivalent adjustment 15.9 16.2 15.8 15.2 63.1 13.8 13.8
----------------------------------- ----- ----- ----- ----- ----- ----- -----
Net interest income - TE 1,276.2 1,272.4 1,292.2 1,360.9 5,201.7 1,371.6 1,366.2
5
BANC ONE CORPORATION
1996 1997
-------------------------------------------------------- ----------------------
(UNAUDITED)
(millions, except per share & staff) 1Q 2Q 3Q 4Q YTD 1Q 2Q
-------------------------------------------------------- ----------------------
BALANCE SHEET (EOP)
Cash and due from banks 5,242.9 5,200.0 5,401.8 6,524.4 5,435.1 6,364.7
Short-term investments 631.8 1,082.5 1,029.0 680.7 618.5 1,002.1
Loans held for sale 747.2 508.0 471.6 1,473.8 2,369.0 392.9
Securities held to maturity 3,908.2 3,808.4 4,047.7 4,397.9 4,407.7 760.1
Securities available for sale 16,289.9 15,288.3 14,568.0 14,733.8 14,098.0 14,405.5
--------------------------------- --------- --------- --------- --------- --------- --------
Total securities 20,198.1 19,096.7 18,615.7 19,131.7 18,505.7 15,165.6
-------------------------------------------------------------------------------------------------------------------------------
Managed 93,413.0 95,786.4 98,792.4 101,826.8 102,475.4 109,429.1
Securitized (21,510.9) (22,102.1) (22,208.1) (22,437.1) (23,424.4) (25,229.0)
-------------------------------------------------------------------------------------------------------------------------------
Total loans & leases reported 71,902.1 73,684.3 76,584.3 79,389.7 79,051.0 84,200.1
Allowance for loan losses (1,077.9) (1,100.5) (1,131.5) (1,197.7) (1,222.4) (1,362.2)
-------------------------------------------------------------------------------------------------------------------------------
Net loans and leases 70,824.2 72,583.8 75,452.8 78,192.0 77,828.6 82,837.9
-------------------------------------------------------------------------------------------------------------------------------
Memo: Earning Assets Reported - gross 93,479.2 94,371.5 96,700.6 100,675.9 100,544.2 100,760.7
-------------------------------------------------------------------------------------------------------------------------------
Premises and equipment, net 1,769.7 1,771.1 1,800.5 1,799.2 1,807.7 1,833.1
Interest earned, not collected 716.7 729.6 713.4 782.1 756.1 833.8
Other real estate owned 76.6 70.5 61.8 53.0 59.6 53.7
Excess of cost over net assets of
affiliates purchased 552.8 560.3 701.0 508.4 500.1 762.1
Other assets 2,688.6 3,189.2 3,015.2 3,008.2 3,956.6 6,245.7
-------------------------------------------------------------------------------------------------------------------------------
Total assets 103,448.6 104,791.7 107,262.8 112,153.5 111,837.0 115,491.6
-------------------------------------------------------------------------------------------------------------------------------
Non-interest bearing 14,576.1 14,586.7 15,384.3 16,340.6 15,853.6 18,191.6
Int. bearing 57,408.9 57,953.8 57,785.7 57,882.4 58,089.2 58,772.3
-------------------------------------------------------------------------------------------------------------------------------
Total deposits 71,985.0 72,540.5 73,170.0 74,223.0 73,942.8 76,963.9
-------------------------------------------------------------------------------------------------------------------------------
Fed fnds purchased & repurchase agreements 9,866.8 9,716.0 10,773.9 12,858.5 12,375.9 9,105.3
Other short-term borrowings 4,432.2 5,273.3 5,901.5 5,466.9 5,618.8 6,820.3
Long-term borrowings 4,700.0 4,847.8 5,080.2 6,827.8 7,571.0 9,972.2
Accrued interest payable 407.9 449.0 406.1 468.6 442.6 520.1
Other liabilities 2,612.1 2,376.9 2,361.8 2,440.7 2,251.6 2,260.3
-------------------------------------------------------------------------------------------------------------------------------
Total liabilities 94,004.0 95,203.5 97,693.5 102,285.5 102,202.7 105,642.1
-------------------------------------------------------------------------------------------------------------------------------
Preferred stock 245.5 240.6 240.1 207.1 195.6 184.2
Common stock 2,876.1 2,883.4 2,869.2 2,882.6 2,888.0 2,907.6
Capital/excess of aggregate stated value common 4,459.2 4,477.3 4,336.6 4,346.4 4,365.2 4,054.3
Retained earnings 1,851.4 2,088.3 2,342.2 2,625.1 2,833.9 2,672.1
Net unrealized gains(losses) sec AFS 12.4 (39.7) (12.9) 19.9 (77.5) 31.3
Treasury stock 0.0 (61.7) (205.9) (213.1) (570.9) 0.0
-------------------------------------------------------------------------------------------------------------------------------
Total shareholders' equity 9,444.6 9,588.2 9,569.3 9,868.0 9,634.3 9,849.5
-------------------------------------------------------------------------------------------------------------------------------
Total liabilities and
shareholders' equity 103,448.6 104,791.7 107,262.8 112,153.5 111,837.0 115,491.6
-------------------------------------------------------------------------------------------------------------------------------
6
BANC ONE CORPORATION
1996 1997
---------------------------------------------------- ----------------------
(UNAUDITED)
(millions, except per share & staff) 1Q 2Q 3Q 4Q YTD 1Q 2Q
---------------------------------------------------- ----------------------
BALANCE SHEET - ASSETS (AVG)
Short-term investments 591.1 645.5 618.2 793.3 662.2 844.8 792.2
Loans held for sale 590.0 699.4 457.2 452.9 549.4 1,420.6 2,317.7
Securities - taxable 18,056.5 17,865.0 16,952.6 16,653.2 17,378.7 17,244.4 16,137.3
Securities - tax-exempt 1,733.2 1,729.7 1,651.2 1,663.6 1,694.2 1,574.3 1,465.9
--------------------------- -------- -------- -------- -------- -------- -------- --------
Total securities 19,789.7 19,594.7 18,603.8 18,316.8 19,072.9 18,818.7 17,603.2
Commercial 18,864.2 19,386.9 19,293.7 19,925.4 19,368.9 20,150.2 21,183.5
R.E. - commercial 5,988.6 6,098.2 6,238.5 6,322.3 6,162.6 6,195.7 6,007.2
R.E. - construction 2,920.3 3,093.9 3,321.3 3,517.7 3,214.4 3,770.5 3,892.8
R.E. - residential 11,100.8 11,206.2 11,609.9 13,659.0 11,898.0 14,088.0 14,760.7
Consumer, net 20,027.9 20,173.1 20,300.7 19,275.7 19,943.5 20,097.6 20,955.4
Credit card 12,784.9 11,297.6 12,131.7 13,661.7 12,471.3 12,906.5 11,306.6
Leases, net 1,776.1 1,972.0 2,142.0 2,210.1 2,025.9 2,312.6 2,421.9
--------------------------------------------------------------------------------------------------- ----------------------
Total loans & leases 73,462.8 73,227.9 75,037.8 78,571.9 75,084.6 79,521.1 80,528.1
--------------------------------------------------------------------------------------------------- ----------------------
Total earning assets reported - gross 94,433.6 94,167.5 94,717.0 98,134.9 95,369.1 100,605.2 101,241.2
--------------------------------------------------------------------------------------------------- ----------------------
Allowance for credit losses (1,078.6) (1,081.9) (1,115.0) (1,137.4) (1,103.4) (1,199.0) (1,217.6)
--------------------------------------------------------------------------------------------------- ----------------------
Other assets 10,669.2 10,339.3 10,528.8 11,173.1 10,678.6 11,355.8 12,477.8
--------------------------------------------------------------------------------------------------- ----------------------
Total assets 104,024.2 103,424.9 104,130.8 108,170.6 104,944.3 110,762.0 112,501.4
--------------------------------------------------------------------------------------------------- ----------------------
BALANCE SHEET - LIABILITIES & EQUITY (AVG)
Non-interest bearing demand 14,143.1 14,073.7 13,991.8 14,601.9 14,203.1 14,588.5 15,342.0
Interest bearing demand 3,115.0 2,240.3 2,131.1 2,085.6 2,391.5 1,920.1 1,677.3
Savings & money market 28,053.2 29,197.9 29,342.6 29,430.5 29,008.1 30,075.1 30,826.6
CD's < 100K 19,794.5 19,040.7 18,597.5 18,293.2 18,928.8 18,140.5 18,128.4
CD's > 100K - domestic 5,587.3 5,406.6 5,175.8 5,560.5 5,432.2 6,023.3 5,817.1
CD's > 100K - foreign 1,433.3 2,272.9 2,915.6 3,081.2 2,428.9 2,591.8 2,148.3
--------------------------------------------------------------------------------------------------- ----------------------
Total interest-bearing deposits 57,983.3 58,158.4 58,162.6 58,451.0 58,189.5 58,750.8 58,597.7
--------------------------------------------------------------------------------------------------- ----------------------
Total deposits 72,126.4 72,232.1 72,154.4 73,052.9 72,392.6 73,339.3 73,939.7
--------------------------------------------------------------------------------------------------- ----------------------
Short-term borrowed funds 15,163.7 14,592.5 14,963.0 16,759.7 15,372.4 18,030.4 17,043.2
Long-term borrowed funds 4,683.4 4,726.1 4,933.8 5,982.1 5,083.4 6,994.2 8,776.4
--------------------------------------------------------------------------------------------------- ----------------------
Total borrowed funds 19,847.1 19,318.6 19,896.8 22,741.8 20,455.8 25,024.6 25,819.6
--------------------------------------------------------------------------------------------------- ----------------------
Other liabilities 2,527.7 2,471.6 2,548.7 2,729.9 2,569.9 2,781.3 2,735.1
--------------------------------------------------------------------------------------------------- ----------------------
Total liabilities 94,501.2 94,022.3 94,599.9 98,524.6 95,418.3 101,145.2 102,494.4
--------------------------------------------------------------------------------------------------- ----------------------
Preferred stock 247.5 243.0 240.5 213.6 236.1 201.0 188.9
Common stockholders' equity 9,275.5 9,159.6 9,290.4 9,432.4 9,289.9 9,415.8 9,818.1
--------------------------------------------------------------------------------------------------- ----------------------
Total shareholders' equity 9,523.0 9,402.6 9,530.9 9,646.0 9,526.0 9,616.8 10,007.0
--------------------------------------------------------------------------------------------------- ----------------------
Total liabilities and
shareholders' equity 104,024.2 103,424.9 104,130.8 108,170.6 104,944.3 110,762.0 112,501.4
--------------------------------------------------------------------------------------------------- ----------------------
7
BANC ONE CORPORATION
1996 1997
------------------------------------------------------ -------------------------
(UNAUDITED)
(millions, except per share & staff) 1Q 2Q 3Q 4Q YTD 1Q 2Q
-------------------------------------------------------- -------------------------
LOAN AND LEASE ANALYSIS (EOP)
Commercial 19,304.2 19,445.9 19,586.7 20,232.2 20,707.6 22,115.0
R.E.- commercial 6,032.8 6,183.9 6,300.3 6,429.4 5,969.8 6,028.3
R.E.- construction 3,004.1 3,166.7 3,505.3 3,602.0 3,920.0 3,968.4
R.E.- residential - managed 11,088.7 11,543.8 12,216.6 14,132.2 14,500.5 15,673.7
- securitized 0.0 (232.2) (224.4) (215.2) (207.2) (188.9)
---------------------------------------------------------------------------------------- -------------------------
- reported 11,088.7 11,311.6 11,992.2 13,917.0 14,293.3 15,484.8
Consumer, net - managed 22,016.3 22,400.1 22,426.2 21,266.5 22,258.8 22,963.5
- securitized (2,177.2) (2,266.5) (2,017.4) (1,807.4) (1,902.8) (2,403.8)
---------------------------------------------------------------------------------------- -------------------------
- reported 19,839.1 20,133.6 20,408.8 19,459.1 20,356.0 20,559.7
Credit card - managed 30,053.9 30,999.5 32,590.7 33,838.0 32,783.8 36,151.9
- securitized (19,333.7) (19,603.4) (19,966.3) (20,414.5) (21,314.4) (22,636.3)
---------------------------------------------------------------------------------------- -------------------------
- reported 10,720.2 11,396.1 12,624.4 13,423.5 11,469.4 13,515.6
Leases, net 1,913.0 2,046.5 2,166.6 2,326.5 2,334.9 2,528.3
Total loans & leases - managed 93,413.0 95,786.4 98,792.4 101,826.8 102,475.4 109,429.1
- securitized (21,510.9) (22,102.1) (22,208.1) (22,437.1) (23,424.4) (25,229.0)
---------------------------------------------------------------------------------------- -------------------------
- reported 71,902.1 73,684.3 76,584.3 79,389.7 79,051.0 84,200.1
LOAN AND LEASE ANALYSIS (AVG)
Commercial 18,864.2 19,386.9 19,293.7 19,925.4 19,368.9 20,150.2 21,183.5
R.E.- commercial 5,988.6 6,098.2 6,238.5 6,322.3 6,162.6 6,195.7 6,007.2
R.E.- construction 2,920.3 3,093.9 3,321.3 3,517.7 3,214.4 3,770.5 3,892.8
R.E.- residential - managed 11,100.8 11,213.9 11,839.6 13,879.2 12,013.0 14,298.7 14,957.7
- securitized 0.0 (7.7) (229.7) (220.2) (115.0) (210.7) (197.0)
-------------------------------------------------------------------------------------------------------------------------------
- reported 11,100.8 11,206.2 11,609.9 13,659.0 11,898.0 14,088.0 14,760.7
Consumer, net - managed 21,803.1 22,240.5 22,425.3 21,212.6 21,919.8 21,941.1 22,750.2
- securitized (1,775.2) (2,067.4) (2,124.6) (1,936.9) (1,976.3) (1,843.5) (1,794.8)
-------------------------------------------------------------------------------------------------------------------------------
- reported 20,027.9 20,173.1 20,300.7 19,275.7 19,943.5 20,097.6 20,955.4
Credit card - managed 29,792.9 30,450.2 31,687.8 33,370.5 31,331.9 33,882.7 33,189.1
- securitized (17,008.0) (19,152.6) (19,556.1) (19,708.8) (18,860.6) (20,976.2) (21,882.5)
-------------------------------------------------------------------------------------------------------------------------------
- reported 12,784.9 11,297.6 12,131.7 13,661.7 12,471.3 12,906.5 11,306.6
Leases, net 1,776.1 1,972.0 2,142.0 2,210.1 2,025.9 2,312.6 2,421.9
Total loans & leases - managed 92,246.0 94,455.6 96,948.2 100,437.8 96,036.5 102,551.5 104,402.4
- securitized (18,783.2) (21,227.7) (21,910.4) (21,865.9) (20,951.9) (23,030.4) (23,874.3)
-------------------------------------------------------------------------------------------------------------------------------
- reported 73,462.8 73,227.9 75,037.8 78,571.9 75,084.6 79,521.1 80,528.1
8
BANC ONE CORPORATION
1996 1997
----------------------------------------------------------- -----------------------
(UNAUDITED)
(millions, except per share & staff) 1Q 2Q 3Q 4Q YTD 1Q 2Q
----------------------------------------------------------- -----------------------
MANAGED CREDIT CARD DETAIL (INCLDS CARDS HFS)
BANC ONE (XCLD FUSA)
------------------------------------------
PERIOD END LOANS - MANAGED 11,718.1 12,271.6 12,798.0 12,641.4 11,893.8 11,532.0
- securitized 4,440.0 4,440.0 3,940.0 3,340.0 3,340.0 3,340.0
- reported 7,278.1 7,831.6 8,858.0 9,301.4 8,553.8 8,192.0
------------------------------------------------------------------------------------------------ -----------------------
QUARTERLY AVG LOANS - MANAGED 11,778.8 11,918.5 12,595.8 12,824.4 12,290.5 11,635.8
- securitized 3,489.5 4,440.0 4,198.0 3,558.0 3,340.0 3,340.0
- reported 8,289.3 7,478.5 8,397.8 9,266.4 8,950.5 8,295.8
------------------------------------------------------------------------------------------------ -----------------------
NET CHARGE OFFS - AMOUNT - MANAGED 149.3 173.7 192.3 218.8 182.2 228.8
- securitized 53.7 77.0 77.0 69.7 60.5 66.4
- reported 95.6 96.7 115.3 149.1 121.7 162.4
------------------------------------------------------------------------------------------------ -----------------------
NET CHARGE OFFS - RATE - MANAGED 5.09% 5.86% 6.06% 6.79% 6.01% 7.89%
- securitized 6.16% 6.98% 7.30% 7.79% 7.35% 7.98%
- reported 4.64% 5.20% 5.46% 6.40% 5.51% 7.85%
------------------------------------------------------------------------------------------------ -----------------------
DELINQ. RATE 30+ DAYS - MANAGED 4.70% 4.62% 5.05% 5.80% 6.35% 6.21%
- securitized 4.81% 5.11% 5.85% 6.56% 6.59% 6.30%
- reported 4.63% 4.34% 4.69% 5.53% 6.26% 6.22%
------------------------------------------------------------------------------------------------ -----------------------
DELINQ. RATE 90+ DAYS - MANAGED 1.79% 1.82% 2.04% 2.39% 2.80% 2.77%
- securitized 1.94% 1.93% 2.36% 2.77% 2.98% 2.89%
- reported 1.70% 1.76% 1.97% 2.25% 2.73% 2.76%
------------------------------------------------------------------------------------------------ -----------------------
Credit card charge volume - managed 4,112.7 4,495.4 4,816.2 5,049.7 3,604.9 3,724.3
New accounts opened 494.3 660.4 646.6 719.0 361.2 398.0
Credit cards issued 21,594.7 22,058.6 22,099.3 21,861.7 21,744.2 19,908.5
Accounts on file 16,851.6 17,219.2 17,258.4 17,125.2 17,043.5 15,592.5
------------------------------------------------------------------------------------------------ -----------------------
FIRST USA
------------------------------------------
PERIOD END LOANS - MANAGED 18,335.8 18,727.9 19,792.7 22,196.6 22,890.0 24,619.9
- securitized 14,893.7 15,163.4 16,026.3 17,074.5 17,974.4 19,296.3
- reported 3,442.1 3,564.5 3,766.4 5,122.1 4,915.6 5,323.6
------------------------------------------------------------------------------------------------ -----------------------
QUARTERLY AVG LOANS - MANAGED 18,014.1 18,531.7 19,092.0 20,546.1 22,592.2 23,487.4
- securitized 13,518.5 14,712.6 15,358.1 16,150.8 17,636.2 18,542.5
- reported 4,495.6 3,819.1 3,733.9 4,395.3 4,956.0 4,944.9
------------------------------------------------------------------------------------------------ -----------------------
NET CHARGE OFFS - AMOUNT - MANAGED 163.8 192.0 226.0 252.0 302.9 315.4
- securitized 140.0 170.6 198.9 222.3 267.8 267.9
- reported 23.8 21.4 27.1 29.7 35.1 47.5
------------------------------------------------------------------------------------------------ -----------------------
NET CHARGE OFFS - RATE - MANAGED 3.66% 4.17% 4.71% 4.88% 5.44% 5.39%
- securitized 4.17% 4.66% 5.15% 5.48% 6.16% 5.80%
- reported 2.11% 2.25% 2.89% 2.69% 2.87% 3.85%
------------------------------------------------------------------------------------------------ -----------------------
DELINQ. RATE 30+ DAYS - MANAGED 3.74% 4.00% 4.70% 4.89% 4.62% 4.08%
- securitized 3.96% 4.23% 4.99% 5.27% 4.96% 4.57%
- reported 2.79% 3.06% 3.47% 3.59% 3.36% 2.32%
------------------------------------------------------------------------------------------------ -----------------------
DELINQ. RATE 90+ DAYS - MANAGED 1.54% 1.69% 1.94% 2.14% 2.18% 1.80%
- securitized 1.60% 1.75% 2.02% 2.25% 2.29% 2.02%
- reported 1.28% 1.43% 1.58% 1.70% 1.70% 0.97%
------------------------------------------------------------------------------------------------ -----------------------
Credit card charge volume - managed 4,201.7 4,547.5 4,914.5 6,340.3 5,780.2 6,444.6
New accounts opened 956.8 696.5 1,044.9 1,034.4 876.6 1,811.9
Credit cards issued 13,816.2 14,318.1 15,127.0 15,946.5 16,250.6 17,830.5
Accounts on file 10,365.6 10,933.3 11,579.4 12,201.5 12,521.3 13,834.5
------------------------------------------------- ---------------------------------------------- -----------------------
9
BANC ONE CORPORATION
1996 1997
------------------------------------------------------------- ----------------------
(UNAUDITED)
(millions, except per share & staff) 1Q 2Q 3Q 4Q YTD 1Q 2Q
--------------------------------------------------------------- ----------------------
MANAGED CREDIT CARD DETAIL (INCLDS CARDS HFS)
BANC ONE COMBINED
------------------------------------------
PERIOD END LOANS - MANAGED 30,053.9 30,999.5 32,590.7 34,838.0 34,783.8 36,151.9
- securitized 19,333.7 19,603.4 19,966.3 20,414.5 21,314.4 22,636.3
- reported 10,720.2 11,396.1 12,624.4 14,423.5 13,469.4 13,515.6
-------------------------------------------------------------------------------------------------- ----------------------
QUARTERLY AVG LOANS - MANAGED 29,792.9 30,450.2 31,687.8 33,370.5 34,882.7 35,123.2
- securitized 17,008.0 19,152.6 19,556.1 19,708.8 20,976.2 21,882.5
- reported 12,784.9 11,297.6 12,131.7 13,661.7 13,906.5 13,240.7
-------------------------------------------------------------------------------------------------- ----------------------
NET CHARGE OFFS - AMOUNT - MANAGED 313.1 365.7 418.3 470.8 485.1 544.2
- securitized 193.7 247.6 275.9 292.0 328.3 334.3
- reported 119.4 118.1 142.4 178.8 156.8 209.9
-------------------------------------------------------------------------------------------------- ----------------------
NET CHARGE OFFS - RATE - MANAGED 4.22% 4.83% 5.25% 5.61% 5.63% 6.22%
- securitized 4.58% 5.20% 5.61% 5.89% 6.35% 6.13%
- reported 3.75% 4.20% 4.67% 5.21% 4.57% 6.36%
-------------------------------------------------------------------------------------------------- ----------------------
DELINQ. RATE 30+ DAYS - MANAGED 4.11% 4.25% 4.84% 5.22% 5.21% 4.76%
- securitized 4.16% 4.43% 5.16% 5.48% 5.22% 4.83%
- reported 4.04% 3.94% 4.33% 4.84% 5.20% 4.68%
-------------------------------------------------------------------------------------------------- ----------------------
DELINQ. RATE 90+ DAYS - MANAGED 1.64% 1.74% 1.98% 2.23% 2.39% 2.11%
- securitized 1.68% 1.79% 2.09% 2.34% 2.40% 2.15%
- reported 1.57% 1.66% 1.85% 2.05% 2.35% 2.05%
-------------------------------------------------------------------------------------------------- ----------------------
Credit card charge volume - managed 8,314.4 9,042.9 9,730.7 11,390.0 9,385.1 10,168.9
New accounts opened 1,451.1 1,356.9 1,691.5 1,753.4 1,237.8 2,209.9
Credit cards issued 35,410.9 36,376.7 37,226.3 37,808.2 37,994.8 37,739.0
Accounts on file 27,217.2 28,152.5 28,837.8 29,326.7 29,564.8 29,427.0
-------------------------------------------------------------------------------------------------- ----------------------
