BancorpSouth (BXS) Announces New 3M Share Buyback Plan

BancorpSouth Bank (NYSE: BXS) announced today that its Board of Directors has authorized a new share repurchase program to purchase up to an aggregate of 3 million shares of the bank's common stock. This new stock repurchase program will have an expiration date of December 31, 2019. Under the previous share repurchase program, which was completed earlier in the fourth quarter of this year, the bank repurchased 6 million shares of its common stock. Under the new program, bank shares may be purchased periodically in open market transactions at prevailing market prices, in privately negotiated transactions, or by other means in accordance with federal securities laws. The share repurchase program may be extended, modified, amended, suspended or discontinued at any time at the bank's discretion and does not commit the company to repurchase shares of its common stock. The actual means and timing of purchase, target number of shares and maximum price or range of prices under the program will be determined by management at its discretion and will depend on a number of factors, including the market price of the bank's common stock, general market and economic conditions, and applicable legal and regulatory requirements.

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