BancorpSouth (BXS) Tops Q2 EPS by 1c

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BancorpSouth Announces Second Quarter 2017 Financial Results

July 19, 2017 4:30 PM EDT

TUPELO, Miss., July 19, 2017 /PRNewswire/ -- BancorpSouth, Inc. (NYSE: BXS) today announced financial results for the quarter ended June 30, 2017.

Highlights for the second quarter of 2017 included:

Net income of $37.9 million, or $0.41 per diluted share. Generated net loan growth of $216.8 million, or 8.1 percent on an annualized basis. Net interest margin increased to 3.52 percent. Earnings were negatively impacted by a pre-tax mortgage servicing rights ("MSR") valuation adjustment of $1.5 million. Net operating income excluding... More