SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities
Exchange Act of 1934
Date of Report (Date of earliest event reported): May 7, 2001
SUPERIOR FINANCIAL CORP.
(Exact name of registrant as specified in its charter)
Delaware 0-25239 51-0379417
(State of Incorporation) (Commission File No.) (IRS Employer I.D. No.)
16101 LaGrande Drive, Suite 103
Little Rock, Arkansas 72223
(Address of Principal Executive Office) (Zip code)
Registrant's telephone number, including area code: 501-324-7255
Item 9. Regulation FD Disclosure
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[LOGO]
SUPERIOR
FINANCIAL CORP
[LOGO] Superior Financial Corp
. $1.7 Billion thrift holding company headquartered in Little Rock, Arkansas
. Owns largest independent unit bank in Arkansas
. Operates 57 offices along Interstate 40 corridor including Little Rock, Fort
Smith, NW Arkansas, and NE Oklahoma
. Focuses on low to moderate income consumers and small business banking
. Trades under the symbol SUFI on the NASDAQ National Market
SUPERIOR
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[LOGO] Superior Locations
[MAP APPEARS HERE]
. SFB Branch (55)
. LPO (3)
As of 3/31/01
SUPERIOR
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[LOGO] 1998 - 2000 Accomplishments
. Achieved earnings per share annual compound growth of 21%
. Grew total loans by 54% while maintaining strong credit quality
. Grew transaction deposit accounts by 21%
. Overhauled delivery channels - nine new or renovated branches, new call
center, internet banking, etc.
SUPERIOR
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[LOGO] 1998 - 2000 Accomplishments (continued)
. Implemented new strategic businesses -
. Commercial Banking
. Investments
. Insurance
. Finance Company
. Completed 10% stock repurchase program
SUPERIOR
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[LOGO] Earnings Per Share
---------
BAR GRAPH
---------
.22 .21 .23 .25 .27 .30 .31 .31 .32 .33 .34 .34
2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q
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[LOGO] Loan Growth
(in Thousands)
[BAR GRAPH]
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[LOGO] NPA Ratio
---------
BAR GRAPH
---------
-----------------------
Peer Group
-----------------------
.79% .93% .78%
.59% .50% .40% .44% .38% .24% .24% .28% .35% .33% .49% .49%
2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q
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[LOGO] Net Charge-offs
---------
BAR GRAPH
---------
-------------------------------
Peer Group
-------------------------------
.17% .26% .23%
.22% .25% .20% .14% .13% .13% .20% .13% .14% .09% .25% .26%
2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q
SUPERIOR
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[LOGO] Loan Mix
[PIE CHART]
Mortgage Commercial Consumer
58% 8% 34%
1st Qtr. 1998
[PIE CHART]
1st Qtr. 2001
Commercial Mortgage Consumer
25% 42% 33%
SUPERIOR
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[LOGO] Deposits
[BAR GRAPH]
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[LOGO] Deposits
[PIE CHART]
Interest
Non-Interest Bearing
Bearing Transaction
Time Deposits Deposits Accounts
52% 8% 40%
1/st/ Qtr. 2001
---------------
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[LOGO] Non-Interest Income
[BAR GRAPH]
2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q
SUPERIOR
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[LOGO] 2001 - 2003 Strategic Initiatives
. Cross-sell current customers (184,000 households)
. Align overhead to new economy
. Install commercial bank technology
. Acquire commercial bankers from recently merged banks
. Expand fee and margin enhancing businesses -investments,insurance, finance
company, mortgage
SUPERIOR
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[LOGO] 2001 - 2003 Strategic Initiatives (continued)
. Strengthen franchise in NW Arkansas & Tulsa
. Capitalize on legislative changes in Arkansas banking
. Public funds
. Usury law
. Change name to "Superior Bank"
SUPERIOR
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[LOGO] FASB Goodwill Impact
1.57 1.87 $ 1.45 & 1.62 are current street estimate
0.88 1.13 1.30 1.45 1.62
$ Assumes 7/1/01
FASB change
$ P/E Ratio at current Market value with
FASB Adjustment
. 2000 - 10x
. 2001 - 8.3x
. 2002 - 7.0x
SUPERIOR
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[LOGO]
SUPERIOR(R)
BANKING.INVESTMENTS.INSURANCE /(R)/
[LOGO] Disclosure Statement
Cautionary Statement Pursuant to Safe Harbor Provisions of the Private
Securities Litigation Reform Act of 1995.
This Presentation contains forward-looking statements within the meaning of
the federal securities laws. The forward-looking statements in this presentation
are subject to risks and uncertainties that could cause actual results to differ
materially from those expressed in or implied by the statements. Factors that
may cause actual results to differ materially from those contemplated by such
forward- looking statements include, among other things, the following
possibilities: (i) deposit attrition, customer loss, or revenue loss in the
ordinary course of business; (ii) increases in competitive pressure in the
banking industry; (iii) costs or difficulties related to the integration of the
businesses of Superior Financial Corp and the institutions acquired are greater
than expected; (iv) changes in the interest rate environment which reduce
margins (v) general economic conditions, either nationally or regionally, that
are less favorable than expected, resulting in, among other things, a
deterioration in credit quality; (vi) changes which may occur in the regulatory
environment; (vii) a significant rate of inflation (deflation); and (viii)
changes in the securities markets and (ix) the ability of Superior Financial
Corp to achieve the strategies and goals set forth herein. When used in this
Presentation, the words believes, estimates, plans, expects, should, may, might,
outlook, and anticipates, and similar expressions as they relate to Superior
Financial Corp (including its subsidiaries), or its management are intended to
identify forward-looking statements. Similarly, Superior's description of any
"goals", "strategies," "forecasts," or "initiatives" are also forward-looking
statements.
SUPERIOR
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 hereunto duly authorized.
SUPERIOR FINANCIAL CORP.
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(Registrant)
Date: May 7, 2001 /s/ Rick D. Gardner
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Rick D. Gardner
Chief Financial Officer
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