BusinessFebruary 14, 2000
BUSINESS MEMO: UNION PLANTERS EARNINGS
Union Planters Corp. reported record annual net earnings of $410 million, or $2.85 a diluted share for 1999, compared to $225.6 million or $1.58 a diluted share of 1998. The 1998 results were reduced by merger costs and other significant charges. The acquisitions increased assets from to $33.3 billion, making Union Planters one of the 30 largest bank holding companies in the United States...
Union Planters Corp. reported record annual net earnings of $410 million, or $2.85 a diluted share for 1999, compared to $225.6 million or $1.58 a diluted share of 1998.
The 1998 results were reduced by merger costs and other significant charges.
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The acquisitions increased assets from to $33.3 billion, making Union Planters one of the 30 largest bank holding companies in the United States.
Fourth-quarter earnings were $97.4 million, or 69 cents a diluted share.
Union Planters, headquartered at Memphis, is a multi-state bank holding company with 868 banking offices in 12 states, including Cape Girardeau.
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