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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 September 30, 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) 762-3900
(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
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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): 234,869,658 shares outstanding
at November 9, 1994.
Exhibit Index appears on page 5
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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 Third Quarter Financial Review ("Financial Review")
which is filed herewith as Exhibit 99. Page references set forth
below are to such Financial Review.
Financial Information Page Reference
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Consolidated Balance Sheet as of September 30, 1994
and December 31, 1993 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17
Consolidated Statement of Income for the three months and
nine months ended September 30, 1994 and 1993 . . . . . . . . . . . . . . . . . 18
Consolidated Statement of Cash Flows for the
nine months ended September 30, 1994 and 1993 . . . . . . . . . . . . . . . . . 19
Notes to Consolidated Financial Statements . . . . . . . . . . . . . . . . . . . . 20-21
The statistical disclosure under the caption "Average Consolidated
Balance Sheet and Net Interest Analysis" in the Financial Review
at pages 22 and 23 is incorporated herein by reference. Certain
other statistical disclosure is included below in Part I, Item 2,
Management's Discussion and Analysis of Financial Condition and
Results of Operations, as permitted by Guide 3, Statistical
Disclosures by Bank Holding Companies.
ITEM 2. Management's Discussion and Analysis of Financial Condition
and Results of Operations
The information contained under the caption "Corporate Financial
Review" in the Financial Review at pages 2 through 16 is
incorporated herein by reference.
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PART II--OTHER INFORMATION
ITEM 6. Exhibits and Reports on Form 8-K
(a) The exhibits listed on the Exhibit Index on Page 5 of this Form
10-Q are filed herewith.
(b) The following report on Form 8-K was filed during the quarter
ended September 30, 1994:
Current Report on Form 8-K dated June 16, 1994, was filed
pursuant to Item 5 to report (i) the Corporation's consolidated
financial results for the three months and six months ended
June 30, 1994; (ii) the completion of the acquisition of First
Eastern Corp., a bank holding company with operations in
northeastern Pennsylvania; (iii) the completion of the
acquisition of a $10-billion residential mortgage servicing
portfolio from the Associates Corporation of North America; and
(iv) the execution of a definitive agreement to acquire
BlackRock Financial Management L.P., a New York-based
fixed-income management firm.
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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: November 14, 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
The following exhibits are filed herewith:
11 Calculation of Primary and Fully Diluted Earnings Per Common Share.
12.1 Computation of Ratio of Earnings to Fixed Charges.
12.2 Computation of Ratio of Earnings to Combined Fixed Charges and
Preferred Stock Dividends.
27 Financial Data Schedule.
99 1994 Third Quarter Financial Review.
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