COLUMBUS, Ohio, July 21 /PRNewswire/ -- John B. McCoy, Chairman and Chief
Executive Officer of BANC ONE CORPORATION, Columbus, Ohio (NYSE: ONE)
announced today that at the board meeting, BANC ONE's directors declared a
regular quarterly dividend of $.38 per common share. The dividend, which is
an increase of 10.1 percent over last year's third quarter dividend of $.345
per share, will be paid on September 30, to shareholders of record as of
September 15, 1998.
Earlier today, BANC ONE CORPORATION announced second quarter 1998 earnings
of $614.6 million and earnings per share of $0.86, up 63% and 62%,
respectively over second quarter 1997, excluding acquisition and strategic
initiative-related charges in the current and prior-year quarters. On this
same basis, first half-year net income was $1,163.0 million and earnings per
share were $1.63, up 48% and 46%, respectively from the same year-ago period.
BANC ONE CORPORATION had managed total assets of $159.0 billion, total
assets of $124.0 billion, and common equity of $11.6 billion at June 30, 1998.
BANC ONE operates over 1,500 banking centers in 12 states. BANC ONE also owns
several additional corporations that engage in a full range of financial
services. Information about BANC ONE's financial results and its products and
services can be accessed on the Internet at: http://www.bankone.com; through
InvestQuest at: http://www.investquest.com; or through Fax-on-demand at:
614-844-3860.
SOURCE BANC ONE CORPORATION
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Related links:
http://www.bankone.com
Company News On-Call: http://www.prnewswire.com or
fax, 800-758-5804, ext. 084675
CONTACT:
Jay S. Gould, 614-248-0189, or Holly Hobson,
614-248-1280, or John A. Russell, 614-248-5989, all of BANC ONE
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