8-K: Current report filing
Published on April 17, 1996
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934, AS AMENDED
Date of Report (Date of Earliest Event Reported): April 15, 1996
NATIONSBANK CORPORATION
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(Exact Name of Registrant as Specified in its Charter)
North Carolina 1-6523 56-0906609
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(State of Incorporation) (Commission (IRS Employer
File Number) Identification No.)
NationsBank Corporate Center, Charlotte, North Carolina 28255
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(Address of Principal Executive Offices) (Zip Code)
(704) 386-5000
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(Registrant's Telephone Number, including Area Code)
ITEM 5. OTHER EVENTS.
Release of First Quarter Earnings. On April 15, 1996, the Registrant
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announced financial results for the first quarter of fiscal 1996, reporting
operating net income of $590 million and operating earnings per common
share of $1.95 before a merger-related charge. As a result of the merger-
related, after-tax charge of $77 million, reported net income and earnings
per common share were $513 million and $1.70, respectively, in the first
quarter of fiscal 1996. Included in operating earnings for the first
quarter of fiscal 1996 is a $40 million pre-tax charge recorded by
NationsBank, N.A., a wholly-owned subsidiary of the Registrant, reflecting
the estimated loss associated with fraudulent commercial loan transactions.
This charge is reflected in noninterest expense. Total outstandings
associated with the transactions approximate $61 million, and management
currently anticipates that no additional charges will be incurred in
connection with such transactions.
A copy of the press release announcing the results of the Registrant's
fiscal quarter ended March 31, 1996 is filed as Exhibit 99.1 to this
Current Report on Form 8-K.
ITEM 7. EXHIBITS.
The following exhibit is filed herewith:
Exhibit No. Description of Exhibit
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99.1 Press Release dated April 15,
1996 with respect to the Registrant's
financial results for the fiscal
quarter ended March 31, 1996.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
as amended, the Registrant has duly caused this report to be signed on its
behalf by the undersigned hereunto duly authorized.
NATIONSBANK CORPORATION
By: /s/ Marc D. Oken
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Marc D. Oken
Chief Accounting Officer
Dated: April 16, 1996
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EXHIBIT INDEX
Exhibit No. Description of Exhibit
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99.1 Press Release dated April 15,
1996 with respect to the Registrant's
financial results for the fiscal
quarter ended March 31, 1996.