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BANC ONE CORPORATION REPORTS RECORD 1992 EARNINGS

 COLUMBUS, Ohio, Jan. 19 /PRNewswire/ -- Banc One Corporation (NYSE: ONE) reported record 1992 earnings of $781.3 million or $3.28 per share for the full year 1992. Earnings per share grew 26.2 percent over 1991 earnings of $2.60. This represents a continuation of Banc One's record of increased earnings every year since the corporation was founded in 1968. Fourth quarter earnings of $193.1 million or $.81 a share grew 24.6 percent over 1991 fourth quarter earnings of $.65 a share. Operating data for all of 1991 and for prior quarters of 1992 have been restated to reflect acquisitions accounted for as poolings of interest. Fourth quarter income included non-recurring expenses relating to the merger of Team Bancshares in Dallas of $27 million after tax, or $.12 cents per share. For the full year 1992, non-recurring merger expenses were $54.7 million or $.24 cents per share.
 John B. McCoy, chairman and chief executive officer of Banc One, indicated, "This truly has been another outstanding year for Banc One. We couldn't be more pleased with the earnings performance of our affiliates and we are encouraged that we are starting to see increased loan demand in a number of our markets." McCoy also noted that non- performing assets as a percentage of the total loans are at their lowest levels in the past three years.
 For 1992, Banc One reported a return on average assets of 1.34 percent. The return on average shareholders' equity was 15.8 percent, marking the 17th consecutive year of achieving a return on equity in excess of 15 percent as originally reported. At year end, Banc One's common equity was 8.1 percent of total assets, one of the strongest ratios of the industry.
 During the fourth quarter, Banc One completed the acquisition of Affiliated Bankshares of Colorado, Inc., headquartered in Denver, and Team Bancshares, Inc., headquartered in Dallas. Bank One, Texas, NA is now the second largest bank in Texas with approximately $19 billion in assets. During fourth quarter 1992, First Financial Associates, Inc., Kenosha, Wis., signed a letter of intent for affiliation with Banc One Corporation and Bank One, Texas, NA signed a definitive agreement to acquire United National Bank, Denton, Texas. During 1992, Banc One completed or announced affiliations of financial institutions with combined assets of over $28 billion, which represents the bank's most successful year ever, based on that measure.
 Banc One Corporation had assets of $61.4 billion at year-end 1992 and operates 61 banks with 1,017 offices in Colorado, Indiana, Illinois, Kentucky, Michigan, Ohio, Texas and Wisconsin. Banc One Corporation also operates several additional corporations that engage in data processing, venture capital, investment and merchant banking, trust, brokerage, equipment leasing, mortgage banking, consumer finance and insurance.
 -0- 1/19/93
 /CONTACT: George R. L. Meiling, 614-248-5908 or John A. Russell, 614-248-5989, both of Banc One Corporation/
 (ONE)


CO: Banc One Corporation ST: Ohio IN: FIN SU: ERN

SM -- CL005 -- 6179 01/19/93 09:37 EST
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Publication:PR Newswire
Date:Jan 19, 1993
Words:502
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