Excluding one-time items, profit rose to $54.8 million, an increase of 1.6 percent over a year earlier.

In 1993, the company earned 91 cents a share, exclusive of one-time items.

Without these one-time items, Sun earned $291.4 million, or 71 cents a share.

Including the accounting change and the one-time items, net income was $129 million, or 6 cents a share.

After adjusting for one-time items, earnings were $24.5 million, or 29 cents a share.

Without the one-time items, earnings would have been slightly down.

Excluding the one-time items, the company's earnings were $433 million, up 13 percent from the previous year.

However, excluding one-time items, operating income would have been up about 17 percent.

But when one-time items were excluded, the bank's earnings increased 56.1 percent.

Excluding one-time items, Sun lost $99 million, or 3 cents a share.