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BancorpSouth (BXS) Misses Q1 EPS by 13c

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BancorpSouth Announces First Quarter 2016 Financial Results

April 20, 2016 4:30 PM EDT

TUPELO, Miss., April 20, 2016 /PRNewswire/ -- BancorpSouth, Inc. (NYSE: BXS) today announced financial results for the quarter ended March 31, 2016.

Highlights for the first quarter of 2016 included:

Net income of $22.5 million or $0.24 per diluted share. Generated net loan growth of $71.9 million, or 2.8 percent on an annualized basis, and deposit growth of $155.5 million, or 5.5 percent on an annualized basis. Incurred a total pre-tax charge of $13.8 million to reflect a probable and estimable liability associated with ongoing regulatory matters as well as related legal and consulting expense.... More