-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: keymaster@town.hall.org Originator-Key-Asymmetric: MFkwCgYEVQgBAQICAgADSwAwSAJBALeWW4xDV4i7+b6+UyPn5RtObb1cJ7VkACDq pKb9/DClgTKIm08lCfoilvi9Wl4SODbR1+1waHhiGmeZO8OdgLUCAwEAAQ== MIC-Info: RSA-MD5,RSA, sojVq/llmhPfBDOMNMHDw/uL1djfKBsNxZK9yT+S9jxQaa5/wjR0MvsUq/6ig0Yc p4N0kPlv0JnxWZ5dFXZZpg== 0000950131-95-000531.txt : 19950612 0000950131-95-000531.hdr.sgml : 19950612 ACCESSION NUMBER: 0000950131-95-000531 CONFORMED SUBMISSION TYPE: 8-K/A PUBLIC DOCUMENT COUNT: 4 CONFORMED PERIOD OF REPORT: 19950307 ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 19950307 SROS: NYSE FILER: COMPANY DATA: COMPANY CONFORMED NAME: FIRST BANK SYSTEM INC CENTRAL INDEX KEY: 0000036104 STANDARD INDUSTRIAL CLASSIFICATION: NATIONAL COMMERCIAL BANKS [6021] IRS NUMBER: 410255900 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K/A SEC ACT: 1934 Act SEC FILE NUMBER: 001-06880 FILM NUMBER: 95519039 BUSINESS ADDRESS: STREET 1: 601 SECOND AVE S STREET 2: FIRST BANK PL CITY: MINNEAPOLIS STATE: MN ZIP: 55402-4302 BUSINESS PHONE: 6129731111 FORMER COMPANY: FORMER CONFORMED NAME: FIRST BANK STOCK CORP DATE OF NAME CHANGE: 19720317 8-K/A 1 AMENDMENT NO. 1 3-7-95 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K/A - AMENDMENT NO. 1 CURRENT REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of report (Date of earliest event reported): MARCH 7, 1995 ------------- FIRST BANK SYSTEM, INC. ----------------------- (Exact name of registrant as specified in its charter) DELAWARE 1-6880 41-0255900 -------- ------ ---------- (State or other jurisdiction (Commission (I.R.S. Employer of Incorporation) File Number) Identification No.) 601 SECOND AVENUE SOUTH, MINNEAPOLIS, MINNESOTA 55402 - ----------------------------------------------- ----- (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: 612-973-1111 ------------ NOT APPLICABLE -------------- (Former name or former address, if changed since last report) The purpose of this amendment is to file Exhibit 11 - Computation of Primary and Fully Diluted Net Income Per Common Share, Exhibit 12 - Computation of Ratio of Earnings to Fixed Charges and Exhibit 27 - Financial Data Schedule as separate exhibits to the 8-K. Exhibit 27 was submitted with technical error on the original 8-K filed on March 3, 1995. Item 7. Financial Statements, Pro Forma Financial Information and Exhibits ------------------------------------------------------------------ (c) Exhibits (all filed herewith) Exhibit 11 - Computation of Primary and Fully Diluted Net Income Per Common Share Exhibit 12 - Computation of Ratio of Earnings to Fixed Charges Exhibit 27 - Financial Data Schedule SIGNATURE 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. FIRST BANK SYSTEM, INC. By /s/ David J. Parrin ------------------- David J. Parrin Senior Vice President & Controller DATE: March 7, 1995 ------------- -2- EX-11 2 COMPUTATION OF NET INCOME PER SHARE EXHIBIT 11 Computation of Primary and Fully Diluted Net Income Per Common Share
Year Ended December 31 ----------------------------------------------- (Dollars in millions, except per share data) 1994 1993 1992 - ---------------------------------------------------------------------------------------------------------------------------- PRIMARY: Average shares outstanding 133,752,000 132,757,389 121,915,389 Net effect of the assumed purchase of stock under the stock option and stock purchase plans--based on the treasury stock method using average market price 2,522,991 1,831,275 2,755,268 ----------------------------------------------- 136,274,991 134,588,664 124,670,657 =============================================== Income from continuing operations before cumulative effect of accounting changes $313.5 $360.7 $213.0 Preferred dividends (12.6) (29.2) (31.6) ----------------------------------------------- Income from continuing operations before cumulative effect of accounting changes applicable to common equity $300.9 $331.5 $181.4 =============================================== Income from continuing operations before cumulative effect of accounting changes per common share $2.21 $2.46 $1.46 =============================================== Income (loss) from discontinued operations ($8.5) $2.5 $2.7 =============================================== Income (loss) from discontinued operations per common share ($0.06) $0.02 $0.02 =============================================== Cumulative effect of accounting changes applicable to common equity -- -- $233.2 =============================================== Cumulative effect of accounting changes per common share -- -- $1.87 =============================================== Net income $305.0 $363.2 $448.9 Preferred dividends (12.6) (29.2) (31.6) ----------------------------------------------- Net income applicable to common equity $292.4 $334.0 $417.3 =============================================== Net income per common share $2.15 $2.48 $3.35 =============================================== FULLY DILUTED: * Average shares outstanding 133,752,000 132,757,389 121,915,389 Net effect of the assumed purchase of stock under the stock option and stock purchase plans--based on the treasury stock method using average market price or year-end market price, whichever is higher 2,720,882 1,888,873 4,630,259 Assumed conversion of Series 1991A Preferred Stock 3,655,684 3,681,740 3,951,624 ----------------------------------------------- 140,128,566 138,328,002 130,497,272 =============================================== Income from continuing operations before cumulative effect of accounting changes $313.5 $360.7 $213.0 Preferred dividends, excluding 1991A Preferred Stock (5.1) (21.2) (23.4) ----------------------------------------------- Income from continuing operations before cumulative effect of accounting changes applicable to common equity $308.4 $339.5 $189.6 =============================================== Income from continuing operations before cumulative effect of accounting changes per common share $2.20 $2.45 $1.45 =============================================== Income (loss) from discontinued operations ($8.5) $2.5 $2.7 =============================================== Income (loss) from discontinued operations per common share ($0.06) $0.02 $0.02 =============================================== Cumulative effect of accounting changes applicable to common equity -- -- $233.2 =============================================== Cumulative effect of accounting changes per common share -- -- $1.79 =============================================== Net income $305.0 $363.2 $448.9 Preferred dividends, excluding 1991A Preferred Stock (5.1) (21.2) (23.4) ----------------------------------------------- Net income applicable to common equity $299.9 $342.0 $425.5 =============================================== Net income per common share $2.14 $2.47 $3.26 ===============================================
* This calculation is submitted in accordance with Regulation S-K item 601(b)(11) although not required by footnote 2 to paragraph 17 of APB Opinion No. 15 because it results in dilution of less than 3%. EX-12 3 COMP. OF EARNINGS TO FIXED CHARGES EXHIBIT 12 Computation of Ratio of Earnings to Fixed Charges
Year Year Year Year Year Ended Ended Ended Ended Ended December 31 December 31 December 31 December 31 December 31 ---------------------------------------------------------------------------- (Dollars in Thousands) 1994 1993 1992 1991 1990 - ----------------------------------------------------------------------------------------------------------------------------------- EARNINGS 1. Net income from continuing operations before cumulative effect $ 313,500 $ 360,700 $ 213,000 $ 263,400 $ 84,000 2. Applicable income taxes 191,800 198,600 115,700 30,300 6,500 ---------------------------------------------------------------------------- 3. Income before taxes (1 + 2) $ 505,300 $ 559,300 $ 328,700 $ 293,700 $ 90,500 ============================================================================ 4. Fixed charges: a. Interest expense excluding interest on deposits $ 271,400 $ 148,000 $ 155,400 $ 228,300 $ 438,900 b. Portion of rents representative of interest and amortization of debt expense 30,200 34,800 36,700 34,400 36,800 ---------------------------------------------------------------------------- c. Fixed charges excluding interest on deposits (4a + 4b) 301,600 182,800 192,100 262,700 475,700 d. Interest on deposits 597,300 648,300 797,700 1,125,900 1,405,400 ---------------------------------------------------------------------------- e. Fixed charges including interest on deposits (4c + 4d) $ 898,900 $ 831,100 $ 989,800 $1,388,600 $1,881,100 ============================================================================ 5. Amortization of interest capitalized $ 4,800 $ 4,900 $ 300 $ 300 $ 300 6. Earnings excluding interest on deposits (3 + 4c + 5) 811,700 747,000 521,100 556,700 566,500 7. Earnings including interest on deposits (3 + 4e + 5) 1,409,000 1,395,300 1,318,800 1,682,600 1,971,900 8. Fixed charges excluding interest on deposits (4c) 301,600 182,800 192,100 262,700 475,700 9. Fixed charges including interest on deposits (4e) 898,900 831,100 989,800 1,388,600 1,881,100 RATIO OF EARNINGS TO FIXED CHARGES 10. Excluding interest on deposits (line 6/line 8) 2.69 4.09 2.71 2.12 1.19 11. Including interest on deposits (line 7/line 9) 1.57 1.68 1.33 1.21 1.05 ----------------------------------------------------------------------------
EX-27 4 FINANCIAL DATA SCHEDULE
9 THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE FIRST BANK SYSTEM, INC. DECEMBER 31, 1994, RESTATED ANNUAL REPORT AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS. 1,000 YEAR DEC-31-1994 JAN-01-1994 DEC-31-1994 1,707,000 28,000 471,000 77,000 5,185,000 0 0 24,550,000 475,000 34,128,000 24,256,000 3,523,000 1,053,000 2,684,000 168,000 0 118,000 2,326,000 34,128,000 1,914,700 339,900 33,500 2,288,100 597,300 868,700 1,419,400 123,600 (115,000) 1,349,400 505,300 313,500 (8,500) 0 305,000 2.15 2.14 4.74 162,000 26,000 100 0 466,100 226,800 86,500 474,700 0 0 277,700
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