EXHIBIT 99.1

ALABAMA NATIONAL BANCORPORATION

(Unaudited Financial Highlights)

(in thousands, except per share amounts and percentages)

	Three Months Ended June 30,						Percentage Change (a)
	2004			2003
Net interest income	$	39,634		$	29,373		34.9	%
Noninterest income		19,288			21,536		(10.4	)
Total revenue		58,922			50,909		15.7
Provision for loan and lease losses		1,278			1,424		(10.3	)
Noninterest expense		37,612			34,337		9.5
Net income before income taxes		20,032			15,148		32.2
Income taxes		6,788			4,984		36.2
Net income	$	13,244		$	10,164		30.3
Weighted average common and common equivalent shares outstanding
Basic		15,555			12,570		23.7	%
Diluted		15,806			12,745		24.0
Net income per common share
Basic	$	.85		$	.81		5.3	%
Diluted		.84			.80		5.1
Cash dividends declared on common stock	$	.3125		$	.285
Return on average assets		1.09	%		1.15	%
Return on average equity		12.55			16.51
Noninterest Income
Service charge income	$	4,520		$	3,491		29.5	%
Investment services income		3,273			6,372		(48.6	)
Securities brokerage and trust income		4,197			3,905		7.5
Origination and sale of mortgages		3,491			4,615		(24.4	)
Gain (loss) on disposal of assets		57			(82	)	NM
Securities gains		—			34		NM
Bank owned life insurance		683			648		5.4
Insurance commissions		779			854		(8.8	)
Other		2,288			1,699		34.7
Total noninterest income	$	19,288		$	21,536		(10.4	)

(a) Percentage change based on actual not rounded values.

NM - Not meaningful

	Six Months Ended June 30,						Percentage Change (a)
	2004			2003
Net interest income	$	74,304		$	57,360		29.5	%
Noninterest income		36,928			40,281		(8.3	)
Total revenue		111,232			97,641		13.9
Provision for loan and lease losses		2,506			2,515		(.4	)
Noninterest expense		71,783			65,828		9.0
Net income before income taxes		36,943			29,298		26.1
Income taxes		12,392			9,609		29.0
Net income	$	24,551		$	19,689		24.7
Weighted average common and common equivalent shares outstanding
Basic		14,751			12,546		17.6	%
Diluted		14,994			12,717		17.9
Net income per common share
Basic	$	1.66		$	1.57		6.1	%
Diluted		1.64			1.55		5.8
Cash dividends declared on common stock	$	.625		$	.57
Return on average assets		1.09	%		1.15	%
Return on average equity		12.80			16.36
Noninterest Income
Service charge income	$	8,331		$	6,813		22.3	%
Investment services income		7,180			11,532		(37.7	)
Securities brokerage and trust income		8,296			8,023		3.4
Origination and sale of mortgages		6,033			7,949		(24.1	)
Gain (loss) on disposal of assets		37			(33	)	NM
Securities gains		—			39		NM
Bank owned life insurance		1,410			1,368		3.1
Insurance commissions		1,737			1,638		6.0
Other		3,904			2,952		32.2
Total noninterest income	$	36,928		$	40,281		(8.3	)

(a) Percentage change based on actual not rounded values.

NM - Not meaningful

	June 30,				Percentage Change
	2004		2003
Total assets	$	4,939,449	$	3,891,969	26.9	%
Earning assets		4,454,150		3,437,754	29.6
Securities (a)		1,175,768		841,236	39.8
Loans held for sale		19,466		95,956	(79.7	)
Loans and leases, net of unearned income		3,197,287		2,429,284	31.6
Allowance for loan and lease losses		43,484		35,595	22.2
Deposits		3,615,227		2,753,722	31.3
Short-term borrowings		31,333		59,150	(47.0	)
Long-term debt		403,888		274,048	47.4
Stockholders’ equity		423,670		268,916	57.5

(a) Excludes trading securities

ASSET QUALITY ANALYSIS

(in thousands, except percentages)

	As of / For the Three Months Ended
	June 30, 2004			March 31, 2004			June 30, 2003
Nonaccrual loans	$	8,307		$	8,578		$	6,652
Restructured loans		—			—			—
Loans past due 90 days or more and still accruing		-0-			-0-			-0-
Total nonperforming loans		8,307			8,578			6,652
Other real estate owned		1,969			1,008			3,074
Total nonperforming assets		10,276			9,586			9,726
Total non performing assets as a percentage of period-end loans and other real estate (a)		0.32	%		0.31	%		0.40	%
Allowance for loan and lease losses		43,484			42,392			35,595
Provision for loan and lease losses		1,278			1,228			1,424
Loans charged off		1,790			1,329			590
Loan recoveries		1,604			390			519
Net loan and lease losses		186			939			71
Allowance for loan and lease losses as a percentage of period-end loans and leases (a)		1.36	%		1.35	%		1.47	%
Allowance for loan and lease losses as a percentage of period-end nonperforming loans		523.46			494.19			535.10
Net losses to average loans and leases (annualized)		0.02			0.13			0.01

	For the Six Months Ended June 30,						Percentage Change
	2004			2003
Provision for loan and lease losses	$	2,506		$	2,515		-0.4	%
Loans charged off		3,119			1,994		56.4
Loan recoveries		1,994			1,375		45.0
Net loan and lease losses		1,125			619		81.7
Net losses to average loans and leases		0.07	%		0.05	%

(a) Excludes loans held for sale

TAXABLE EQUIVALENT YIELDS/RATES

	Three Months Ended
	June 30, 2004		March 31, 2004		June 30, 2003
Interest income:
Interest and fees on loans	5.55	%	5.65	%	6.03	%
Interest on securities:
Taxable	3.91		3.80		4.09
Non-taxable	6.10		6.54		7.43
Total interest earning assets	5.08		5.17		5.48
Interest expense:
Interest on deposits	1.52		1.61		2.00
Interest on short-term borrowing	1.79		1.63		1.83
Interest on long-term debt	3.27		3.38		3.87
Total interest bearing liabilities	1.66		1.73		2.08
Net interest spread	3.42		3.44		3.40
Net interest margin	3.64		3.66		3.64

	Six Months Ended June 30,
	2004		2003
Interest income:
Interest and fees on loans	5.60	%	6.11	%
Interest on securities:
Taxable	3.86		4.28
Non-taxable	6.30		7.26
Total interest earning assets	5.12		5.60
Interest expense:
Interest on deposits	1.56		2.09
Interest on short-term borrowing	1.71		1.98
Interest on long-term debt	3.32		3.95
Total interest bearing liabilities	1.69		2.16
Net interest spread	3.43		3.44
Net interest margin	3.65		3.69

STOCKHOLDERS’ EQUITY AND CAPITAL RATIOS

	As of June 30,
	2004			2003
Stockholders’ Equity:
Equity to assets		8.58	%		6.91	%
Leverage ratio		7.34			7.17
Book value per common share (a)	$	27.48		$	21.02
Ending shares outstanding		15,420			12,796

(a) Includes a cumulative mark to market adjustment to equity of $(0.49) and $0.37 per share at June 30, 2004 and 2003, respectively.