BancorpSouth (BXS) Tops Q4 EPS by 3c

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BancorpSouth Announces Fourth Quarter and Annual 2016 Financial Results; Declares Quarterly Dividend

January 25, 2017 4:31 PM EST

TUPELO, Miss., Jan. 25, 2017 /PRNewswire/ -- BancorpSouth, Inc. (NYSE: BXS) today announced financial results for the quarter and year ended December 31, 2016.

Annual highlights for 2016 included:

Net income of $132.7 million, or $1.41 per diluted share. Generated net loan growth of $439.2 million, or 4.2 percent. Reported total deposit growth of $357.0 million, or 3.2 percent. Reached settlement with the Consumer Financial Protection Bureau and U.S. Department of Justice regarding their joint investigation into the Company's fair lending practices; incurred related pre-tax charge of $13.8 million. Net operating income excluding MSR of $141.4 million, or... More