<TABLE> <S> <C>

<PAGE>
 
<ARTICLE> 9
<LEGEND>
This Schedule contains summary financial information extracted from the
CoreStates Financial Corp consolidated balance sheet as of December 31, 1995,
and the related consolidated statement of income, changes in shareholders'
equity, and other supplemental financial data included within management's
discussion and analysis of financial condition and results of operations for 
the year ended December 31, 1995 and is qualified in its entirety by reference 
to such financial statements.
</LEGEND>
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          DEC-31-1995
<PERIOD-START>                             JAN-01-1995
<PERIOD-END>                               DEC-31-1995
<CASH>                                       2,755,636
<INT-BEARING-DEPOSITS>                       1,841,799
<FED-FUNDS-SOLD>                               594,868
<TRADING-ASSETS>                                 1,336
<INVESTMENTS-HELD-FOR-SALE>                    974,711
<INVESTMENTS-CARRYING>                       1,015,621
<INVESTMENTS-MARKET>                         1,017,019
<LOANS>                                     21,046,535
<ALLOWANCE>                                    495,075
<TOTAL-ASSETS>                              29,620,616
<DEPOSITS>                                  21,502,433
<SHORT-TERM>                                 2,091,722
<LIABILITIES-OTHER>                          1,399,660
<LONG-TERM>                                  1,698,334
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                       145,875
<OTHER-SE>                                   2,233,544
<TOTAL-LIABILITIES-AND-EQUITY>              29,620,616
<INTEREST-LOAN>                              1,992,936
<INTEREST-INVEST>                              138,110
<INTEREST-OTHER>                               131,259
<INTEREST-TOTAL>                             2,262,305
<INTEREST-DEPOSIT>                             532,703
<INTEREST-EXPENSE>                             773,771
<INTEREST-INCOME-NET>                        1,488,534
<LOAN-LOSSES>                                  105,000
<SECURITIES-GAINS>                               9,388
<EXPENSE-OTHER>                              1,274,398
<INCOME-PRETAX>                                714,802
<INCOME-PRE-EXTRAORDINARY>                     452,237
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                   452,237
<EPS-PRIMARY>                                     3.22
<EPS-DILUTED>                                     3.22
<YIELD-ACTUAL>                                    5.97
<LOANS-NON>                                    143,240
<LOANS-PAST>                                    58,942
<LOANS-TROUBLED>                                 1,615
<LOANS-PROBLEM>                                      0
<ALLOWANCE-OPEN>                               500,631
<CHARGE-OFFS>                                  179,197
<RECOVERIES>                                    68,641
<ALLOWANCE-CLOSE>                              495,075
<ALLOWANCE-DOMESTIC>                           470,075
<ALLOWANCE-FOREIGN>                             25,000
<ALLOWANCE-UNALLOCATED>                              0
        

</TABLE>