<PAGE>
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 10-K/A
(AMENDMENT NO. 1)
ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
For the Fiscal Year Ended December 31, 1997 Commission File Number 1-7476
AMSOUTH BANCORPORATION
- -------------------------------------------------------------------------------
(Exact Name of registrant as specified in its charter)
DELAWARE 63-0591257
- -------------------------------------------------------------------------------
(State or other jurisdiction of (I.R.S. Employer Identification No.)
Incorporation or Organization)
AMSOUTH-SONAT TOWER
1900 FIFTH AVENUE NORTH
BIRMINGHAM, ALABAMA 35203
- -------------------------------------------------------------------------------
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (205) 320-7151
----------------------------
Securities registered pursuant to Section 12(b) of the Act:
Title of each class Name of each exchange on which registered
- -------------------------------------------------------------------------------
COMMON STOCK, PAR VALUE $1.00 PER SHARE NEW YORK STOCK EXCHANGE
FLOATING RATE NOTES DUE 1999 NEW YORK STOCK EXCHANGE
STOCK PURCHASE RIGHTS NEW YORK STOCK EXCHANGE
Securities registered pursuant to Section 12(g) of the Act:
NONE
Indicate by check mark whether the registrant (1) has filed all reports
required to be filed by Section 13 or 15(d) of the Securities Exchange Act of
1934 during the preceeding 12 months (or for such shorter period that the
registrant was required to file such reports), and (2) has been subject to such
filing requirements for the past 90 days.
Yes X No
---- ----
Indicate by check mark if disclosure of delinquent filers pursuant to
Item 405 of Regulation S-K ((S)229.405 of this chapter) is not contained herein,
and will not be contained, to the best of registrant's knowledge, in definitive
proxy or information statements incorporated by reference in Part III of this
Form 10-K or any amendment to this Form 10-K. [X]
The aggregate market value of the common equity held by nonaffiliates of
the registrant as of February 17, 1998 was $4,359,580,000. (Note 1)
As of February 28, 1998 AmSouth Bancorporation had 80,631,759 shares of
common stock outstanding.
DOCUMENTS INCORPORATED BY REFERENCE
Portions of the following documents are incorporated by reference herein:
Annual Report to Shareholders for the year ended December 31, 1997:
Part I, Part II
Proxy Statement for Annual Meeting to be held April 16, 1998: Part III
Note 1: In calculating the market value of the common equity held by
nonaffiliates of AmSouth as disclosed on the cover page of this Form 10-K,
AmSouth has treated as common equity held by affiliates only voting stock owned
as of February 17, 1998 by its directors and principal executive officers and
voting stock held by AmSouth's employee benefit plans. AmSouth has not treated
stock held by any of AmSouth's subsidiaries as pledgee or in a fiduciary
capacity as stock held by affiliates of AmSouth. AmSouth had no nonvoting common
equity outstanding at February 17, 1998. AmSouth's response to this item is not
intended to be an admission that any person is an affiliate of AmSouth for any
purpose other than this response.
<PAGE>
This report is an amendment to AmSouth Bancorporation's annual report on
Form 10-K for the year ended December 31, 1997. The report amends Exhibit 27 and
adds Exhibits 27.1 to 27.8, which exhibits include restated financial data
schedules for the (1) nine month period ended September 30, 1997, (2) six month
period ended June 30, 1997, (3) three month period ended March 31, 1997, (4)
year ended December 31, 1996, (5) nine month period ended September 30, 1996,
(6) six month period ended June 30, 1996, (7) three month period ended March 31,
1996, and (8) year ended December, 31, 1995. The earnings per share amounts in
these schedules have been restated in connection with AmSouth Bancorporation's
adoption of Financial Accounting Standard No. 128, "Earnings Per Share."
SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) 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.
AMSOUTH BANCORPORATION
By /s/ C. Dowd Ritter
--------------------------------------
C. Dowd Ritter
Chairman of the Board, President and
Chief Executive Officer
Date: August 12, 1998
Pursuant to the requirements of the Securities Exchange Act of 1934,
this report has been signed below by the following persons on behalf of the
registrant and in the capacities and on the dates indicated.
By /s/ C. Dowd Ritter By /s/ Sloan D. Gibson, IV
--------------------------------- --------------------------------------
C. Dowd Ritter Sloan D. Gibson, IV
Chairman of the Board, President Senior Executive Vice President
and Chief Executive Officer Chief Financial Officer
(Principal Executive Officer) (Principal Financial Officer)
Date: August 12, 1998 Date: August 12, 1998
By /s/ Robert R. Windelspecht
--------------------------------------
Robert R. Windelspecht
Executive Vice President
Controller
(Principal Accounting Officer)
Date: August 12, 1998
<PAGE>
By * By *
-------------------------------- ----------------------------------
J. Harold Chandler Ronald L. Kuehn, Jr.
A Director A Director
Date: August 12, 1998 Date: August 12, 1998
By * By
-------------------------------- ----------------------------------
James E. Dalton, Jr. James R. Malone
A Director A Director
Date: August 12, 1998 Date: August 12, 1998
By * By *
-------------------------------- ----------------------------------
Rodney C. Gilbert Francis A. Newman
A Director A Director
Date: August 12, 1998 Date: August 12, 1998
By * By *
-------------------------------- ----------------------------------
Victoria Jackson Gregoricus Claude B. Nielsen
A Director A Director
Date: August 12, 1998 Date: August 12, 1998
By * By *
-------------------------------- ----------------------------------
Elmer B. Harris Benjamin F. Payton, Ph.D.
A Director A Director
Date: August 12, 1998 Date: August 12, 1998
By *
----------------------------------
Herbert A. Sklenar
A Director
Date: August 12, 1998
* Carl L. Gorday, by signing his name hereto, does sign this document on behalf
of each of the persons indicated above pursuant to powers of attorney executed
by such persons and filed with the Securities and Exchange Commission.
By /s/ Carl L. Gorday
----------------------------------
Carl L. Gorday
Attorney in Fact
<TABLE> <S> <C>
<PAGE>
<ARTICLE> 9
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
CONSOLIDATED STATEMENT OF CONDITION, THE CONSOLIDATED STATEMENT OF EARNINGS, THE
CONSOLIDATED STATEMENT OF CASH FLOWS OF ITEM 8, AND TABLES 2, 6, 18 AND 19 OF
ITEM 7 OF THE AMSOUTH BANCORPORATION FORM 10-K FOR THE YEAR ENDED DECEMBER 31,
1997 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH STATEMENTS.
</LEGEND>
<RESTATED>
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-START> JAN-01-1997
<PERIOD-END> DEC-31-1997
<CASH> 658,500
<INT-BEARING-DEPOSITS> 0
<FED-FUNDS-SOLD> 19,000
<TRADING-ASSETS> 1,406
<INVESTMENTS-HELD-FOR-SALE> 2,507,690
<INVESTMENTS-CARRYING> 2,272,154
<INVESTMENTS-MARKET> 2,287,004
<LOANS> 12,237,668
<ALLOWANCE> 179,197
<TOTAL-ASSETS> 18,622,256
<DEPOSITS> 12,945,197
<SHORT-TERM> 2,421,843
<LIABILITIES-OTHER> 236,747
<LONG-TERM> 1,633,224
0<F1>
0
<COMMON> 90,021<F1>
<OTHER-SE> 1,295,224
<TOTAL-LIABILITIES-AND-EQUITY> 18,622,256
<INTEREST-LOAN> 1,052,125
<INTEREST-INVEST> 322,398
<INTEREST-OTHER> 3,265
<INTEREST-TOTAL> 1,377,788
<INTEREST-DEPOSIT> 484,087
<INTEREST-EXPENSE> 701,511
<INTEREST-INCOME-NET> 676,277
<LOAN-LOSSES> 67,399
<SECURITIES-GAINS> 7,883
<EXPENSE-OTHER> 526,192
<INCOME-PRETAX> 348,690
<INCOME-PRE-EXTRAORDINARY> 348,690
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 226,167
<EPS-PRIMARY> 2.76
<EPS-DILUTED> 2.73
<YIELD-ACTUAL> 4.09
<LOANS-NON> 71,358
<LOANS-PAST> 37,797
<LOANS-TROUBLED> 0
<LOANS-PROBLEM> 0
<ALLOWANCE-OPEN> 179,049
<CHARGE-OFFS> 93,985
<RECOVERIES> 26,734
<ALLOWANCE-CLOSE> 179,197
<ALLOWANCE-DOMESTIC> 138,108
<ALLOWANCE-FOREIGN> 0
<ALLOWANCE-UNALLOCATED> 41,089
<FN>
<F1>Restated to reclassify common stock into the appropriate category.
</FN>
</TABLE>
<TABLE> <S> <C>
<PAGE>
<ARTICLE> 9
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
CONSOLIDATED STATEMENT OF CONDITION, THE CONSOLIDATED STATEMENT OF EARNINGS, THE
CONSOLIDATED STATEMENT OF CASH FLOWS, AND TABLES 2, 7 AND 8 OF ITEM 2 OF THE
AMSOUTH BANCORPORATION FORM 10-Q FOR THE QUARTERLY PERIOD ENDED SEPTEMBER 30,
1997 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH STATEMENTS.
</LEGEND>
<RESTATED>
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 9-MOS
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-START> JAN-01-1997
<PERIOD-END> SEP-30-1997
<CASH> 579,032
<INT-BEARING-DEPOSITS> 0
<FED-FUNDS-SOLD> 2,775
<TRADING-ASSETS> 2,847
<INVESTMENTS-HELD-FOR-SALE> 2,138,796
<INVESTMENTS-CARRYING> 2,341,661
<INVESTMENTS-MARKET> 2,354,150
<LOANS> 12,107,273
<ALLOWANCE> 179,126
<TOTAL-ASSETS> 18,058,198
<DEPOSITS> 12,612,633
<SHORT-TERM> 2,218,875
<LIABILITIES-OTHER> 403,218
<LONG-TERM> 1,460,003
0
0
<COMMON> 90,021
<OTHER-SE> 1,273,448
<TOTAL-LIABILITIES-AND-EQUITY> 18,058,198
<INTEREST-LOAN> 784,128
<INTEREST-INVEST> 243,166
<INTEREST-OTHER> 2,278
<INTEREST-TOTAL> 1,029,572
<INTEREST-DEPOSIT> 359,760
<INTEREST-EXPENSE> 523,317
<INTEREST-INCOME-NET> 506,255
<LOAN-LOSSES> 51,619
<SECURITIES-GAINS> 6,136
<EXPENSE-OTHER> 391,091
<INCOME-PRETAX> 258,600
<INCOME-PRE-EXTRAORDINARY> 258,600
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 167,275
<EPS-PRIMARY> 2.03
<EPS-DILUTED> 2.01<F1>
<YIELD-ACTUAL> 4.10
<LOANS-NON> 67,384
<LOANS-PAST> 33,466
<LOANS-TROUBLED> 0
<LOANS-PROBLEM> 0
<ALLOWANCE-OPEN> 179,049
<CHARGE-OFFS> 71,121
<RECOVERIES> 19,579
<ALLOWANCE-CLOSE> 179,126
<ALLOWANCE-DOMESTIC> 0<F2>
<ALLOWANCE-FOREIGN> 0<F2>
<ALLOWANCE-UNALLOCATED> 0<F2>
<FN>
<F1>Restated for Statement of Financial Accounting Standards No. 128, Earnings
Per Share.
<F2>Available at year end only.
</FN>
</TABLE>
<TABLE> <S> <C>
<PAGE>
<ARTICLE> 9
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
CONSOLIDATED STATEMENT OF CONDITION, THE CONSOLIDATED STATEMENT OF EARNINGS, AND
TABLES 2,7 AND 8 OF ITEM 2 OF THE AMSOUTH BANCORPORATION FORM 10-Q FOR THE
QUARTERLY PERIOD ENDED JUNE 30, 1997 AND IS QUALIFIED IN ITS ENTIRETY BY
REFERENCE TO SUCH STATEMENTS.
</LEGEND>
<RESTATED>
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-START> JAN-01-1997
<PERIOD-END> JUN-30-1997
<CASH> 639,588
<INT-BEARING-DEPOSITS> 0
<FED-FUNDS-SOLD> 3,075
<TRADING-ASSETS> 3,790
<INVESTMENTS-HELD-FOR-SALE> 2,264,214
<INVESTMENTS-CARRYING> 2,475,095
<INVESTMENTS-MARKET> 2,475,229
<LOANS> 12,117,640
<ALLOWANCE> 179,081
<TOTAL-ASSETS> 18,353,331
<DEPOSITS> 12,613,686
<SHORT-TERM> 2,869,322
<LIABILITIES-OTHER> 252,335
<LONG-TERM> 1,235,215
0
0
<COMMON> 90,033
<OTHER-SE> 1,292,740
<TOTAL-LIABILITIES-AND-EQUITY> 18,353,331
<INTEREST-LOAN> 517,350
<INTEREST-INVEST> 164,418
<INTEREST-OTHER> 1,521
<INTEREST-TOTAL> 683,289
<INTEREST-DEPOSIT> 235,148
<INTEREST-EXPENSE> 346,496
<INTEREST-INCOME-NET> 336,793
<LOAN-LOSSES> 35,517
<SECURITIES-GAINS> 4,941
<EXPENSE-OTHER> 260,004
<INCOME-PRETAX> 170,778
<INCOME-PRE-EXTRAORDINARY> 170,778
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 110,473
<EPS-PRIMARY> 1.33
<EPS-DILUTED> 1.32<F1>
<YIELD-ACTUAL> 4.10
<LOANS-NON> 73,044
<LOANS-PAST> 42,918
<LOANS-TROUBLED> 0
<LOANS-PROBLEM> 0
<ALLOWANCE-OPEN> 179,049
<CHARGE-OFFS> 46,841
<RECOVERIES> 11,356
<ALLOWANCE-CLOSE> 179,081
<ALLOWANCE-DOMESTIC> 0<F2>
<ALLOWANCE-FOREIGN> 0<F2>
<ALLOWANCE-UNALLOCATED> 0<F2>
<FN>
<F1>Restated for Statement of Financial Accounting Standards No. 128, Earnings
Per Share.
<F2>Available at year end only.
</FN>
</TABLE>
<TABLE> <S> <C>
<PAGE>
<ARTICLE> 9
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
CONSOLIDATED STATEMENT OF CONDITION, THE CONSOLIDATED STATEMENT OF EARNINGS,
AND TABLES 2, 6, AND 7 OF ITEM 2 OF THE AMSOUTH BANCORPORATION FORM 10-Q FOR THE
QUARTERLY PERIOD ENDED MARCH 31, 1997 AND IS QUALIFIED IN ITS ENTIRETY BY
REFERENCE TO SUCH STATEMENTS.
</LEGEND>
<RESTATED>
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 3-MOS
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-START> JAN-01-1997
<PERIOD-END> MAR-31-1997
<CASH> 585,108
<INT-BEARING-DEPOSITS> 0
<FED-FUNDS-SOLD> 2,275
<TRADING-ASSETS> 5,346
<INVESTMENTS-HELD-FOR-SALE> 2,022,396
<INVESTMENTS-CARRYING> 2,567,247
<INVESTMENTS-MARKET> 2,541,803
<LOANS> 12,024,877
<ALLOWANCE> 179,049
<TOTAL-ASSETS> 18,014,452
<DEPOSITS> 12,389,568
<SHORT-TERM> 2,509,902
<LIABILITIES-OTHER> 253,343
<LONG-TERM> 1,485,346
0
0
<COMMON> 90,033
<OTHER-SE> 1,286,260
<TOTAL-LIABILITIES-AND-EQUITY> 18,014,452
<INTEREST-LOAN> 254,172
<INTEREST-INVEST> 81,687
<INTEREST-OTHER> 809
<INTEREST-TOTAL> 336,668
<INTEREST-DEPOSIT> 115,447
<INTEREST-EXPENSE> 169,501
<INTEREST-INCOME-NET> 167,167
<LOAN-LOSSES> 17,717
<SECURITIES-GAINS> 2,406
<EXPENSE-OTHER> 128,624
<INCOME-PRETAX> 84,508
<INCOME-PRE-EXTRAORDINARY> 84,508
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 54,573
<EPS-PRIMARY> .65
<EPS-DILUTED> .65<F1>
<YIELD-ACTUAL> 4.12
<LOANS-NON> 79,469
<LOANS-PAST> 32,535
<LOANS-TROUBLED> 0
<LOANS-PROBLEM> 0
<ALLOWANCE-OPEN> 179,049
<CHARGE-OFFS> 22,632
<RECOVERIES> 4,915
<ALLOWANCE-CLOSE> 179,049
<ALLOWANCE-DOMESTIC> 0<F2>
<ALLOWANCE-FOREIGN> 0<F2>
<ALLOWANCE-UNALLOCATED> 0<F2>
<FN>
<F1>Restated for Statement of Financial Accounting Standards No. 128, Earnings Per
Share.
<F2>Available at year end only.
</FN>
</TABLE>
<TABLE> <S> <C>
<PAGE>
<ARTICLE> 9
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
CONSOLIDATED STATEMENT OF CONDITION, THE CONSOLIDATED STATEMENT OF EARNINGS AND
TABLES 3, 7 AND 8 OF ITEM 2 OF THE AMSOUTH BANCORPORATION FORM 10-Q FOR THE
QUARTERLY PERIOD ENDED SEPTEMBER 30, 1996 AND IS QUALIFIED IN ITS ENTIRETY BY
REFERENCE TO SUCH STATEMENTS.
</LEGEND>
<RESTATED>
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 9-MOS
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-START> JAN-01-1996
<PERIOD-END> SEP-30-1996
<CASH> 632,117
<INT-BEARING-DEPOSITS> 0
<FED-FUNDS-SOLD> 26,400
<TRADING-ASSETS> 4,238
<INVESTMENTS-HELD-FOR-SALE> 2,712,197
<INVESTMENTS-CARRYING> 2,722,661
<INVESTMENTS-MARKET> 2,703,451
<LOANS> 11,832,637
<ALLOWANCE> 179,350
<TOTAL-ASSETS> 18,615,080
<DEPOSITS> 12,456,219
<SHORT-TERM> 3,210,976
<LIABILITIES-OTHER> 243,849
<LONG-TERM> 1,305,570
0
0
<COMMON> 90,037<F1>
<OTHER-SE> 1,308,429<F1>
<TOTAL-LIABILITIES-AND-EQUITY> 18,615,080
<INTEREST-LOAN> 750,903
<INTEREST-INVEST> 254,475
<INTEREST-OTHER> 5,869
<INTEREST-TOTAL> 1,011,247
<INTEREST-DEPOSIT> 392,518
<INTEREST-EXPENSE> 528,322
<INTEREST-INCOME-NET> 482,915
<LOAN-LOSSES> 46,674
<SECURITIES-GAINS> 5,224
<EXPENSE-OTHER> 403,082
<INCOME-PRETAX> 207,756
<INCOME-PRE-EXTRAORDINARY> 207,756
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 131,061
<EPS-PRIMARY> 1.54<F1>
<EPS-DILUTED> 1.52<F2>
<YIELD-ACTUAL> 3.90
<LOANS-NON> 81,007
<LOANS-PAST> 39,535
<LOANS-TROUBLED> 0
<LOANS-PROBLEM> 0
<ALLOWANCE-OPEN> 178,451
<CHARGE-OFFS> 60,270
<RECOVERIES> 14,495
<ALLOWANCE-CLOSE> 179,350
<ALLOWANCE-DOMESTIC> 0<F3>
<ALLOWANCE-FOREIGN> 0<F3>
<ALLOWANCE-UNALLOCATED> 0<F3>
<FN>
<F1>Adjusted to reflect a three-for-two stock split in April 1997.
<F2>Restated for Statement of Financial Accounting Standards No. 128, Earnings Per
Share and adjusted to reflect a three-for-two stock split in April 1997.
<F3>Available at year end only.
</FN>
</TABLE>
<TABLE> <S> <C>
<PAGE>
<ARTICLE> 9
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
CONSOLIDATED STATEMENT OF CONDITION, THE CONSOLIDATED STATEMENT OF EARNINGS, AND
TABLES 3, 7 AND 8 OF ITEM 2 OF THE AMSOUTH BANCORPORATION FORM 10-Q FOR THE
QUARTERLY PERIOD ENDED JUNE 30, 1996 AND IS QUALIFIED IN ITS ENTIRETY BY
REFERENCE TO SUCH STATEMENTS.
</LEGEND>
<RESTATED>
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-START> JAN-01-1996
<PERIOD-END> JUN-30-1996
<CASH> 553,049
<INT-BEARING-DEPOSITS> 0
<FED-FUNDS-SOLD> 7,575
<TRADING-ASSETS> 3,603
<INVESTMENTS-HELD-FOR-SALE> 2,514,195
<INVESTMENTS-CARRYING> 2,770,228
<INVESTMENTS-MARKET> 2,737,124
<LOANS> 11,543,331
<ALLOWANCE> 178,724
<TOTAL-ASSETS> 18,140,447
<DEPOSITS> 12,959,132
<SHORT-TERM> 2,891,852
<LIABILITIES-OTHER> 187,533
<LONG-TERM> 709,858
0
0
<COMMON> 90,043<F1>
<OTHER-SE> 1,302,029<F1>
<TOTAL-LIABILITIES-AND-EQUITY> 18,140,447
<INTEREST-LOAN> 498,480
<INTEREST-INVEST> 164,881
<INTEREST-OTHER> 4,313
<INTEREST-TOTAL> 667,674
<INTEREST-DEPOSIT> 265,594
<INTEREST-EXPENSE> 349,814
<INTEREST-INCOME-NET> 317,860
<LOAN-LOSSES> 29,169
<SECURITIES-GAINS> 2,841
<EXPENSE-OTHER> 251,095
<INCOME-PRETAX> 152,098
<INCOME-PRE-EXTRAORDINARY> 152,098
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 95,868
<EPS-PRIMARY> 1.13<F1>
<EPS-DILUTED> 1.11<F2>
<YIELD-ACTUAL> 3.90
<LOANS-NON> 83,583
<LOANS-PAST> 39,944
<LOANS-TROUBLED> 0
<LOANS-PROBLEM> 0
<ALLOWANCE-OPEN> 178,451
<CHARGE-OFFS> 39,068
<RECOVERIES> 10,172
<ALLOWANCE-CLOSE> 178,724
<ALLOWANCE-DOMESTIC> 0<F3>
<ALLOWANCE-FOREIGN> 0<F3>
<ALLOWANCE-UNALLOCATED> 0<F3>
<FN>
<F1>ADJUSTED TO REFLECT A THREE-FOR-TWO STOCK SPLIT IN APRIL 1997.
<F2>RESTATED FOR STATEMENT OF FINANCIAL ACCOUNTING STANDARDS NO. 128, EARNINGS
PER SHARE AND ADJUSTED TO REFLECT A THREE-FOR-TWO STOCK SPLIT IN APRIL 1997.
<F3>AVAILABLE AT YEAR END ONLY.
</FN>
</TABLE>
<TABLE> <S> <C>
<PAGE>
<ARTICLE> 9
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
CONSOLIDATED STATEMENT OF CONDITION, THE CONSOLIDATED STATEMENT OF EARNINGS AND
TABLES 2, 6 AND 7 OF ITEM 2 OF THE AMSOUTH BANCORPORATION FORM 10-Q FOR THE
QUARTERLY PERIOD ENDED MARCH 31, 1996 AND IS QUALIFIED IN ITS ENTIRETY BY
REFERENCE TO SUCH STATEMENTS.
</LEGEND>
<RESTATED>
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 3-MOS
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-START> JAN-01-1996
<PERIOD-END> MAR-31-1996
<CASH> 587,278
<INT-BEARING-DEPOSITS> 0
<FED-FUNDS-SOLD> 1,600
<TRADING-ASSETS> 3,510
<INVESTMENTS-HELD-FOR-SALE> 2,534,791
<INVESTMENTS-CARRYING> 2,574,911
<INVESTMENTS-MARKET> 2,565,870
<LOANS> 11,476,197
<ALLOWANCE> 177,930
<TOTAL-ASSETS> 17,914,386
<DEPOSITS> 13,295,064
<SHORT-TERM> 2,381,415
<LIABILITIES-OTHER> 207,857
<LONG-TERM> 660,496
0
0
<COMMON> 90,045<F1>
<OTHER-SE> 1,279,509<F1>
<TOTAL-LIABILITIES-AND-EQUITY> 17,914,386
<INTEREST-LOAN> 250,828
<INTEREST-INVEST> 78,693
<INTEREST-OTHER> 1,843
<INTEREST-TOTAL> 331,364
<INTEREST-DEPOSIT> 133,758
<INTEREST-EXPENSE> 173,659
<INTEREST-INCOME-NET> 157,705
<LOAN-LOSSES> 15,120
<SECURITIES-GAINS> 1,457
<EXPENSE-OTHER> 122,771
<INCOME-PRETAX> 74,832
<INCOME-PRE-EXTRAORDINARY> 74,832
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 47,163
<EPS-PRIMARY> .55<F1>
<EPS-DILUTED> .54<F2>
<YIELD-ACTUAL> 3.91
<LOANS-NON> 90,919
<LOANS-PAST> 40,110
<LOANS-TROUBLED> 0
<LOANS-PROBLEM> 0
<ALLOWANCE-OPEN> 178,451
<CHARGE-OFFS> 20,626
<RECOVERIES> 4,985
<ALLOWANCE-CLOSE> 177,930
<ALLOWANCE-DOMESTIC> 0<F3>
<ALLOWANCE-FOREIGN> 0<F3>
<ALLOWANCE-UNALLOCATED> 0<F3>
<FN>
<F1>Adjusted to reflect a three-for-two stock split in April 1997.
<F2>Restated for Statement of Financial Accounting Standards No. 128, Earnings
Per Share and adjusted to reflect a three-for-two stock split in April 1997.
<F3>Available at year end only.
</FN>
</TABLE>
<TABLE> <S> <C>
<PAGE>
<ARTICLE> 9
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
CONSOLIDATED STATEMENT OF CONDITION AND THE CONSOLIDATED STATEMENT OF EARNINGS
OF ITEM 8 AND TABLES 3, 16, 20, AND 21 OF ITEM 7 OF THE AMSOUTH BANCORPORATION
FORM 10-K AND FOR THE YEAR ENDED DECEMBER 31, 1995 AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH STATEMENTS.
</LEGEND>
<RESTATED>
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-START> JAN-01-1995
<PERIOD-END> DEC-31-1995
<CASH> 651,641
<INT-BEARING-DEPOSITS> 0
<FED-FUNDS-SOLD> 1,775
<TRADING-ASSETS> 2,978
<INVESTMENTS-HELD-FOR-SALE> 2,479,813
<INVESTMENTS-CARRYING> 2,167,009
<INVESTMENTS-MARKET> 2,193,421
<LOANS> 11,743,273
<ALLOWANCE> 178,451
<TOTAL-ASSETS> 17,738,795
<DEPOSITS> 13,420,287
<SHORT-TERM> 2,339,826
<LIABILITIES-OTHER> 154,308
<LONG-TERM> 440,899
0
0
<COMMON> 90,045<F1>
<OTHER-SE> 1,293,430<F1>
<TOTAL-LIABILITIES-AND-EQUITY> 17,738,795
<INTEREST-LOAN> 1,011,320
<INTEREST-INVEST> 254,737
<INTEREST-OTHER> 6,882
<INTEREST-TOTAL> 1,272,939
<INTEREST-DEPOSIT> 551,611
<INTEREST-EXPENSE> 679,396
<INTEREST-INCOME-NET> 593,543
<LOAN-LOSSES> 40,139
<SECURITIES-GAINS> 3,717
<EXPENSE-OTHER> 509,898
<INCOME-PRETAX> 275,177
<INCOME-PRE-EXTRAORDINARY> 275,177
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 174,955
<EPS-PRIMARY> 2.00<F1>
<EPS-DILUTED> 1.98<F2>
<YIELD-ACTUAL> 3.87
<LOANS-NON> 96,246
<LOANS-PAST> 39,618
<LOANS-TROUBLED> 0
<LOANS-PROBLEM> 0
<ALLOWANCE-OPEN> 171,167
<CHARGE-OFFS> 47,282
<RECOVERIES> 12,674
<ALLOWANCE-CLOSE> 178,451
<ALLOWANCE-DOMESTIC> 152,547
<ALLOWANCE-FOREIGN> 0
<ALLOWANCE-UNALLOCATED> 25,904
<FN>
<F1>Adjusted to reflect a three-for-two stock split in April 1997.
<F2>Restated for Statement of Financial Accounting Standards No. 128, Earnings Per
Share, and adjusted to reflect a three-for-two stock split in April 1997.
</FN>
</TABLE>
