<PAGE>
WASHINGTON, D.C. 20549
FORM 10-Q/A
(Mark One)
X QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
- -----
EXCHANGE ACT OF 1934
For the quarter ended March 31, 1995
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: 34-16533
SOVEREIGN BANCORP, INC.
(Exact name of Registrant as specified in its charter)
Pennsylvania 23-2453088
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
1130 Berkshire Boulevard, Wyomissing, Pennsylvania 19610
(Address of principal executive offices) (Zip Code)
Registrant's telephone number: (610) 320-8400
N/A
(Former name, former address and former fiscal year, if changed since last
report.)
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 .
APPLICABLE ONLY TO CORPORATE ISSUERS:
Indicate the number of shares outstanding of each of the issuer's classes of
common stock, as of the latest practicable date.
Class Outstanding at May 10, 1995
Common Stock (no par value) 47,486,991 shares
<PAGE>
PART II. OTHER INFORMATION
<TABLE>
<S> <C>
Item 6. Exhibits
Exhibit 27 -- Financial Data Schedule
SIGNATURES
</TABLE>
<PAGE>
SIGNATURES
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.
SOVEREIGN BANCORP, INC.
-----------------------------------------
(Registrant)
Date May 10, 1995 /s/ Karl D. Gerhart
--------------------- -----------------------------------------
Karl D. Gerhart
Chief Financial Officer
Date May 10, 1995 /s/ Richard A. Elko
--------------------- ----------------------------------------
Richard A. Elko
Chief Accounting Officer
<TABLE> <S> <C>
<ARTICLE> 5
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 3-MOS
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> MAR-31-1995
<CASH> 115,374
<SECURITIES> 2,028,214
<RECEIVABLES> 4,421,422
<ALLOWANCES> (35,669)
<INVENTORY> 0
<CURRENT-ASSETS> 220,199
<PP&E> 94,723
<DEPRECIATION> (40,683)
<TOTAL-ASSETS> 6,803,580
<CURRENT-LIABILITIES> 6,491,347
<BONDS> 0
<COMMON> 221,996
0
0
<OTHER-SE> 90,237
<TOTAL-LIABILITY-AND-EQUITY> 6,803,580
<SALES> 0
<TOTAL-REVENUES> 116,276
<CGS> 0
<TOTAL-COSTS> 25,263
<OTHER-EXPENSES> 3,529
<LOSS-PROVISION> 250
<INTEREST-EXPENSE> 68,673
<INCOME-PRETAX> 18,561
<INCOME-TAX> 6,431
<INCOME-CONTINUING> 0
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 12,130
<EPS-PRIMARY> .25
<EPS-DILUTED> .25
</TABLE>