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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 10-Q
(Mark One)
[ X ] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT 0F 1934
FOR THE QUARTERLY PERIOD ENDED MARCH 31, 1994
OR
[ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
For the transition period from _______________________ to
________________________.
COMMISSION FILE NUMBER 1-9718
PNC BANK CORP.
(Exact name of registrant as specified in its charter)
PENNSYLVANIA 25-1435979
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
ONE PNC PLAZA
FIFTH AVENUE AND WOOD STREET
PITTSBURGH, PENNSYLVANIA 15265
(Address of principal executive offices)
(Zip Code)
(412) 762-2666
(Registrant's telephone number, including area code)
Indicate by check mark whether the registrant (1) has filed all reports
required to be filed by Section 13 or 15(d) of the Securities Exchange Act of
1934 during the preceding 12 months (or for such shorter period that the
Registrant was required to file such reports), and (2) has been subject to such
filing requirements for the past 90 days. Yes ___X___ No______
Indicate the number of shares outstanding of each of the issuer's classes
of common stock, as of the latest practicable date.
Common Stock ($5 par value): 235,212,988 shares as of April 30, 1994.
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PART I--FINANCIAL INFORMATION
ITEM 1. FINANCIAL STATEMENTS
The following consolidated financial information of PNC Bank Corp.
and subsidiaries ("Corporation") is incorporated herein by reference
to the 1994 First Quarter Financial Review ("Financial Review")
which is filed herewith as Exhibit 99. Page references are to such
Financial Review.
FINANCIAL INFORMATION PAGE REFERENCE
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Consolidated Balance Sheet as of March 31, 1994
and December 31, 1993 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15
Consolidated Statement of Income for the three months
ended March 31, 1994 and 1993 . . . . . . . . . . . . . . . . . . . . . . . . . 16
Consolidated Statement of Cash Flows for the
three months ended March 31, 1994 and 1993 . . . . . . . . . . . . . . . . . . . 17
Notes to Consolidated Financial Statements . . . . . . . . . . . . . . . . . . . . 18
ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION
AND RESULTS OF OPERATIONS . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 - 14
PART II--OTHER INFORMATION
ITEM 1. LEGAL PROCEEDINGS
The Corporation's Annual Report on Form 10-K for the year ended
December 31, 1993, includes a description of a lawsuit filed against
PNC National Bank ("PNCNB") in connection with certain fees charged
on credit cards issued by PNCNB. On April 8, 1994, the District
Court entered an order granting PNCNB's motion for judgment on the
pleadings dismissing the suit. Plaintiffs have filed an appeal from
the order with the United States Court of Appeals for the Third
Circuit.
ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K
(a) The exhibits listed in the Exhibit Index on Page 4 of this Form
10-Q are filed herewith.
(b) A Current Report on Form 8-K dated April 18, 1994, was filed
pursuant to report the Corporation's consolidated financial
results for the three months ended March 31, 1994.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
PNC BANK CORP.
(Registrant)
Date: May 16, 1994 By /s/Robert L.Haunschild
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Robert L. Haunschild
SENIOR VICE PRESIDENT AND
CHIEF FINANCIAL OFFICER
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EXHIBIT INDEX
11 Calculation of Primary and Fully Diluted Earnings Per Common Share,
filed herewith.
12.1 Computation of Ratio of Earnings to Fixed Charges, filed herewith.
12.2 Computation of Ratio of Earnings to Combined Fixed Charges and
Preferred Stock Dividends, filed herewith.
99 1994 First Quarter Financial Review, filed herewith.
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