SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 10-K/A
AMENDMENT NO. 1
[X] ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
FOR THE FISCAL YEAR ENDED DECEMBER 31, 1997
OR
[ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934 [NO FEE REQUIRED]
FOR THE TRANSITION PERIOD FROM ---------- TO -----------
COMMISION FILE NO.: 1-12109
DELTA FINANCIAL CORPORATION
(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
DELAWARE 11-3336165
(STATE OR OTHER JURISDICTION OF (I.R.S. EMPLOYER
INCORPORATION OR ORGANIZATION) IDENTIFICATION NO.)
1000 WOODBURY ROAD, SUITE 200, WOODBURY, NEW YORK 11797
(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES) (ZIP CODE)
REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA
CODE: (516) 364-8500
SECURITIES REGISTERED PURSUANT TO SECTION 12(B) OF THE ACT:
(TITLE OF EACH CLASS) (NAME OF EACH EXCHANGE ON WHICH
COMMON STOCK, PAR VALUE $.01 PER SHARE REGISTERED)
NEW YORK STOCK EXCHANGE
SECURITIES REGISTERED PURSUANT TO SECTION 12(G) OF THE ACT: NONE
Indicate by check mark whether 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 (or for such shorter period that Registrant
was required to file such reports) and (2) has been subject to such filing
requirements for the past 90 days. Yes X No --
Indicate by check mark if disclosure of delinquent filers pursuant to Item
405 of Regulation S-K is not contained herein, and will not be contained, to the
best of Registrant's knowledge, in definitive proxy or information statements
incorporated by reference in Part III of this Form 10-K or any amendment to this
Form 10-K. [ ]
As of March 5, 1997, the aggregate market value of the voting stock held by
non-affiliates of the Registrant, based on the closing price of $21.375, was
approximately $100,448,502.
As of March 5, 1997, the Registrant had 15,372,288 shares of Common Stock
outstanding.
DOCUMENTS INCORPORATED BY REFERENCE:
Part III, items 10, 11, 12 and 13 are incorporated by reference to Delta
Financial Corporation's definitive proxy statement to stockholders which will be
filed with the Securities and Exchange Commission no later than 120 days after
December 31, 1996.
<PAGE>
SIGNATURES
PURSUANT TO THE REQUIREMENTS OF SECTION 13 OR 15(D) OF THE SECURITIES
EXCHANGE ACT OF 1934, THE REGISTRANT HAS DULY CAUSED THIS REPORT TO BE SIGNED ON
ITS BEHALF BY THE UNDERSIGNED, THEREUNTO DULY AUTHORIZED.
DELTA FINANCIAL CORPORATION
(REGISTRANT)
May 12, 1997 By:/S/ HUGH MILLER
------------------
HUGH MILLER
PRESIDENT AND CHIEF EXECUTIVE OFFICER
<TABLE> <S> <C>
<ARTICLE> 5
<LEGEND>
THIS STATEMENT CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE BALANCE
SHEETS AND STATEMENTS OF INCOME FOUND IN THE COMPANY'S FORM 10-K FOR THE
YEAR ENDED DECEMBER 31, 1996 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO
SUCH FINANCIAL STATEMENTS
</LEGEND>
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-END> DEC-31-1996
<CASH> 18,741
<SECURITIES> 0
<RECEIVABLES> 8,655
<ALLOWANCES> 0
<INVENTORY> 83,677
<CURRENT-ASSETS> 0
<PP&E> 2,836
<DEPRECIATION> 0
<TOTAL-ASSETS> 232,736
<CURRENT-LIABILITIES> 0
<BONDS> 0
0
0
<COMMON> 153
<OTHER-SE> 93,365
<TOTAL-LIABILITY-AND-EQUITY> 232,736
<SALES> 0
<TOTAL-REVENUES> 73,532
<CGS> 0
<TOTAL-COSTS> 0
<OTHER-EXPENSES> 28,745
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 11,298
<INCOME-PRETAX> 33,489
<INCOME-TAX> 9,466
<INCOME-CONTINUING> 24,022
<DISCONTINUED> 0
<EXTRAORDINARY> 3,168
<CHANGES> 0
<NET-INCOME> 27,190
<EPS-PRIMARY> 0<F1>
<EPS-DILUTED> 0<F1>
<FN>
<F1> Earnings per share data for periods prior to October 31, 1996 have not been
presented in the accompanying financial statements because the Company was not a
public company. Earnings per share data for the period November 1, 1996 to
December 31, 1996 have not been presented in the accompanying consolidated
financial statements because management believes that such data would not be
meaningful given the relatively short period and the impact of the recognition
of a deferred tax liability in connection with the change in tax status.
</FN>
</TABLE>
