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SOUTHTRUST ANNOUNCES THIRD QUARTER FINANCIAL RESULTS

 SOUTHTRUST ANNOUNCES THIRD QUARTER FINANCIAL RESULTS
 BIRMINGHAM, Ala., Oct. 12 /PRNewswire/ -- SouthTrust Corporation


(NASDAQ-NMS: SOTR) announced its third quarter 1992 financial results, according to Wallace D. Malone Jr., chairman and chief executive officer of the corporation.
 For the quarter ended Sept. 30, SouthTrust reported net income of $29.1 million, compared to $23.6 million reported in third quarter 1991. The per share comparison was $0.63 for second quarter 1992 vs. $0.55 for second quarter 1991.
 In the nine month period ending Sept. 30, net income was $82.4 million, up from $66.3 million a year ago. Per share, the nine month comparison was $1.83 in 1992 vs. $1.59 in 1991, an increase of 15 percent. Net income for the first nine months of 1992 resulted in very satisfactory returns on average total assets and average stockholders' equity of 1.03 percent and 15.71 percent, respectively.
 Total assets at Sept. 30 were $11.6 billion, up 16 percent over the $10.0 billion in assets at Sept. 30, 1991. Loans grew to $6.7 billion from $5.9 billion a year ago. Deposits increased to $9.2 billion from $8.3 billion reported Sept. 30, 1991.
 Stockholders' equity grew to $791.2 million as of Sept. 30, compared to $630.1 million one year ago, an increase of 26 percent.
 "We are very pleased with SouthTrust's performance this quarter, especially in terms of net income and loan growth," Malone said. "Our focus on profitable expansion and improving credit quality has resulted in a very good year so far. The record results of our first nine months indicate that 1992 may be our best year yet."
 SouthTrust Corporation currently operates 40 banks with 336 offices in Alabama, Florida, Georgia, North Carolina, South Carolina and Tennessee.
 SouthTrust Corporation common stock is traded on the national over- the-counter market under the NASDAQ symbol SOTR.
 SOUTHTRUST CORPORATION
 Financial Highlights
 (Dollars in thousands, except for per share amounts)
 3 mos. ended Sept. 30 1992 1991 Pct. chg.
 Net income $29,112 $23,591 23
 Net income per share $ 0.63 $ 0.55 15
 Cash dividends $ 0.195 $ 0.18 8
 Avg. shares outstanding (000) 46,209 42,830 8
 9 mos. ended Sept. 30 1992 1991 Pct. chg.
 Net income $82,359 $66,310 24
 Net income per share $ 1.83 $ 1.59 15
 Cash dividends $ 0.585 $ 0.54 8
 Avg. shares outstanding (000) 45,095 41,663 8
 Ending Balances
 At Sept. 30 1992 1991 Pct. chg.
 Total assets $11,603,378 $9,972,584 16
 Deposits 9,247,306 8,272,977 12
 Loans 6,726,196 5,891,843 14
 Stockholders' equity 791,197 630,149 26
 Book value per share $16.78 $14.62 15
 Average Balances
 9 mos. ended Sept. 30 1992 1991 Pct. chg.
 Total assets $10,726,811 $9,238,623 16
 Deposits 8,816,390 7,460,392 18
 Loans 6,287,986 5,667,850 11
 Stockholders' equity 700,219 576,926 21
 -0- 10/12/92
 /CONTACT: Aubrey Barnard of SouthTrust, 205-254-5509/
 (SOTR) CO: SouthTrust Corporation ST: Alabama IN: FIN SU: ERN


EA-BN -- AT007 -- 8786 10/12/92 10:31 EDT
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Date:Oct 12, 1992
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