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 EDTTUPELO, Miss., Oct. 19, 2016 /PRNewswire/ --Â 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