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SOUTHTRUST ANNOUNCES FIRST QUARTER FINANCIAL RESULTS

 SOUTHTRUST ANNOUNCES FIRST QUARTER FINANCIAL RESULTS
 BIRMINGHAM, Ala., April 13 /PRNewswire/ -- SouthTrust Corporation


(NASDAQ: SOTR) announced its first quarter 1992 financial results, according to Wallace D. Malone Jr., chairman and chief executive officer of the corporation.
 For the quarter ended March 31, SouthTrust reported net income of $25.8 million, compared to $20.2 million reported in first quarter 1991. The per share comparison was $0.58 for the first quarter 1992 vs. $0.49 for the first quarter 1991.
 Total assets of the corporation were $10.4 billion as of March 31, a 14 percent increase over the $9.1 billion reported in first quarter 1991. Loans increased by 8 percent to $6.0 billion from $5.6 billion a year ago. Deposits grew to $8.4 billion, a 15 percent increase over the March 31, 1991, figure of $7.3 billion.
 Stockholders' equity grew to $680 million as of March 31, compared to $563 million at March 31, 1991.
 "SouthTrust turned in a strong performance for first quarter 1992," Malone said. "We have successfully maintained the momentum of the past several quarters by continuing to post excellent financial results. Certainly, we are pleased with our current performance and will continue to strive toward excellence for the remainder of 1992 and beyond."
 SouthTrust Corporation currently operates 42 banks with more than 300 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 March 31 1992 1991 Pct. chg.
 Net income $25,775 $20,235 27
 Net income per share $ 0.58 $ 0.49 18
 Cash dividends $ 0.195 $ 0.18 8
 Avg. shares outstanding (000) 44,498 40,953 9
 Ending Balances
 At March 31 1992 1991 Pct. chg.
 Total assets $10,364,237 $ 9,058,618 14
 Deposits 8,431,225 7,311,260 15
 Loans 6,006,356 5,585,274 8
 Stockholders' equity 680,251 562,792 21
 Book value per share $ 15.47 $ 13.79 12
 Average Balances
 3 mos. ended March 31 1992 1991 Pct. chg.
 Total assets $10,142,777 $ 8,979,306 13
 Deposits 8,279,274 7,169,653 15
 Loans 5,968,328 5,543,658 8
 Stockholders' equity 668,371 553,771 21
 -0- 4/13/92
 /CONTACT: Aubrey Barnard of SouthTrust, 205-254-5509/
 (SOTR) CO: SouthTrust Corporation ST: Alabama IN: FIN SU: ERN


BR-BN -- AT006 -- 7619 04/13/92 09:42 EDT
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Publication:PR Newswire
Date:Apr 13, 1992
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