Exhibit 99.5
Financial Highlights
Supplemental
Information
with Barnett
NationsBank Corporation and Subsidiaries -------------------------------
(Dollars in Millions Except Per Share Information) 1997 1996 1997(4) 1996(4)
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FOR THE YEAR
Operating Results (1)(2)
Net income.................................................... $ 3,077 $ 2,452 $ 3,596 $ 3,016
Earnings per common share..................................... 4.27 4.13 3.81 3.65
Diluted earnings per common share............................. 4.17 4.05 3.71 3.59
Cash dividends paid per common share.......................... 1.37 1.20 1.37 1.20
Return on average assets...................................... 1.26 % 1.22 % 1.25 % 1.25 %
Return on average common shareholders' equity................. 15.26 18.53 15.25 18.23
Efficiency ratio.............................................. 57.2 56.3 58.4 57.0
Average common shares issued (in millions).................... 717 590 942 821
Cash Basis Financial Data (1)(2)(3)
Earnings per common share..................................... $ 4.89 $ 4.34 $ 4.34 $ 3.87
Diluted earnings per common share............................. 4.76 4.26 4.23 3.80
Return on average tangible assets............................. 1.49 % 1.30 % 1.47 % 1.34 %
Return on average tangible common shareholders' equity........ 30.59 22.80 29.42 22.90
Efficiency ratio.............................................. 53.8 55.0 55.2 55.6
AT YEAR END (2)
Total assets.................................................. $ 264,562 $185,794 $310,602 $227,025
Total loans, leases and factored accounts receivable, net..... 143,792 122,630 176,590 152,389
Total deposits................................................ 138,194 106,498 173,633 140,318
Total shareholders' equity.................................... 21,337 13,709 24,747 17,079
Common shareholders' equity................................... 21,274 13,586 24,738 17,019
Per common share........................................... 29.87 23.69 26.21 21.31
Market price per share of common stock........................ 60.8125 48.8750 60.8125 48.8750
Common shares issued (in millions)............................ 712 573 944 799
RISK-BASED CAPITAL RATIOS
Tier 1........................................................ 6.50 % 7.76 %
Total......................................................... 10.89 12.66
(1) Excludes merger-related charges.
(2) Shares and per-share data reflect a 2-for-1 stock split on February 27,
1997.
(3) Cash basis calculations exclude intangible assets and the related
amortization expense.
(4) Unaudited supplemental financial highlights reflect the impact of the
merger with Barnett Banks, Inc. on January 9, 1998, which was
accounted for as a pooling-of-interests.