STAR BANC CORP /OH/, 10-Q, 1994-05-16

STAR BANC CORP /OH/
10-Q, 1994-05-16
NATIONAL COMMERCIAL BANKS
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                               UNITED STATES
                                        
                    SECURITIES AND EXCHANGE COMMISSION

                         Washington, D. C.  20549

                                FORM 10-Q

(Mark One)

(X)  QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE  
     SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended  March 31, 1994                       

                                  OR                

( )  TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE 
     SECURITIES EXCHANGE ACT OF 1934

For the transition period from                   to                       

                       Commission File Number 0-7601


                          STAR BANC CORPORATION                                 
        (Exact name of registrant as specified in its charter)


             Ohio                              31-0838189             
(State or other jurisdiction of   (I.R.S. Employer Identification No.)
 incorporation or organization)


   425 Walnut Street,  Cincinnati,  OH                  45202        
 (Address of principal executive offices)             (Zip Code) 

Registrant's telephone number, including area code  (513) 632-4000   


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 preceding 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 the number of shares outstanding of each of the issuer's classes of 
common stock, as of the latest practicable date.

29,833,654  common shares, par value $5, outstanding at May 2, 1994  



                                         -1-

<TABLE>
<CAPTION>
EXHIBIT 11  COMPUTATION OF EARNINGS PER SHARE
(Dollars in thousands except per share data)



                                                     Three Months
                                                March 31,    March 31,
                                                  1994         1993
<S>                                            <C>          <C>    
Net income.........................            $  27,849    $  24,903

Preferred dividends................                  129          278

Income available to common
  shareholders.....................            $  27,720    $  24,625




Weighted average of common
 stock equivalents.................               29,791       29,397

Weighted average of preferred
  stock convertable to common
  stock equivalents................                  754          842

Weighted average of fully
 diluted common stock equivalents..               30,545       30,239


Primary earnings per share
  (income available to common
  shareholders divided by weighted
  average of common stock
  equivalents).....................            $    0.93    $    0.84


Fully diluted earnings per share
  (net income divided by weighted
  average of fully diluted
  common stock equivalents)........            $    0.91    $    0.82


Note:  The effect of stock options outstanding are not dilutive to earnings
       per share as defined in APB 15 and therefore are not included with
       the above calculations.



</TABLE>