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RBC Capital Downgrades BancorpSouth (BXS) to Sector Perform

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BancorpSouth Announces Third Quarter 2016 Financial Results

October 19, 2016 4:30 PM EDT

TUPELO, Miss., Oct. 19, 2016 /PRNewswire/ -- BancorpSouth, Inc. (NYSE: BXS) today announced financial results for the quarter ended September 30, 2016.

         Highlights for the third quarter of 2016 included:

Net income of $37.8 million, or $0.40 per diluted share.   Generated deposit growth of $225.7 million, or 7.9 percent on an annualized basis, and net loan growth of $82.8 million, or 3.1 percent on an annualized basis.   Earnings benefitted from a positive mortgage servicing rights ("MSR") valuation adjustment of $1.8 million.    Net operating income excluding MSR of $36.7 million, or $0.39 per diluted share.    Credit quality remained stable; no recorded... More