UNITED STATES SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

FORM 10-Q

 

S	QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

 

For the quarterly period ended March 31, 2003

OR

 

o	TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

 

For the transition period ________ to ________

Commission File No.   1-10160	**UNION PLANTERS CORPORATION**
(Exact name of registrant as specified in its charter)

        Tennessee        
        62-0859007        
(State of incorporation)
(IRS Employer Identification No.)

 

	

Union Planters Corporation
6200 Poplar Avenue
                         Memphis, Tennessee 38119                
(Address of principal executive offices) 
Registrant's telephone number, including area code:  (901) 580-6000

	

 

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, and (2) has been subject to such filing requirements for the past 90 days.

Yes  S		No  ̈

Indicate by check mark whether the registrant is an accelerated filer (as defined in Rule 12b-2 of the Exchange Act).

Yes  S		No  ̈

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 April 30, 2003        
Common stock $5 par value
198,525,622

 
**UNION PLANTERS CORPORATION AND SUBSIDIARIES

Form 10-Q For the Three Months Ended March 31, 2003

INDEX**
	**Page
**Part I. FINANCIAL INFORMATION	*
Item 1 - Financial Statements (unaudited)	*

CONSOLIDATED BALANCE SHEET	*

CONSOLIDATED STATEMENT OF EARNINGS	*

CONSOLIDATED STATEMENT OF CHANGES IN SHAREHOLDERS' EQUITY	*

CONSOLIDATED STATEMENT OF CASH FLOWS	*

NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS	*

Note   1.  Principles of Consolidation and Basis of Presentation	*

Note   2.  Investment Securities	*

Note   3.  Allowance for Losses on Loans and Nonperforming Loans	*

Note   4.  Transfers of Financial Assets	*

Note   5.  Intangible Assets	*

Note   6.  Borrowings	*

Note   7.  Shareholders' Equity	*

Note   8.  Preferred Stock of Subsidiary	*

Note   9.  Other Noninterest Income and Expense	*

Note 10.  Income Taxes	*

Note 11.  Earnings Per Share	*

Note 12.  Derivative Financial Instruments	*

Note 13.  Line of Business Reporting	*

Note 14.  Contingent Liabilities	*

Note 15.  Subsequent Event	*

Item 2 - Management's Discussion and Analysis of Financial Condition and Results of Operations	*

Item 3 - Quantitative and Qualitative Disclosures About Market Risk	*

Item 4 - Controls and Procedures	*
****PART II - OTHER INFORMATION	*
Item 1 - Legal Proceedings	*

Item 2 - Changes in Securities and Use of Proceeds	*

Item 3 - Defaults Upon Senior Securities	*

Item 4 - Submission of Matters to a Vote of Security Holders	*

Item 5 - Other Information	*

Item 6 - Exhibits and Reports on Form 8-K	*
****SIGNATURES	*****CERTIFICATIONS	*** 

Part I. FINANCIAL INFORMATION

Item 1 - Financial Statements (unaudited)
**UNION PLANTERS CORPORATION AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEET

(Unaudited)

**     March 31,     **December 31,**   2003   **   2002   **   2002  **(Dollars in thousands)**Assets
  Cash and due from banks	
$         842,860 
$         671,419 
$       1,008,078 
  Interest-bearing deposits at financial institutions	
105,452 
78,052 
116,208 
  Federal funds sold and securities purchased**********************************