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 5, 2003



                            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: 501-324-7282








Item 9. Regulation FD Disclosure

The Registrant hereby furnishes on the attached Exhibit 99.1, as Regulation F-D
Disclosure, its announcement to investors of the Company's first Quarter 2003
earnings results.


  Exhibit No.      Document Description
  -----------      --------------------

     99.1          Press Release Announcing First Quarter 2003 Earnings











                                   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.
                                                   (Registrant)





Date:    May 5, 2003                            /s/ Robert A. Kuehl
                                                -----------------------------
                                                Robert A. Kuehl
                                                Chief Financial Officer