BancorpSouth (BXS) Tops Q4 EPS by 2c
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BancorpSouth Reports Record Annual Earnings; Declares Quarterly Dividend
January 23, 2019 4:30 PM ESTTUPELO, Miss., Jan. 23, 2019 /PRNewswire/ --Â BancorpSouth Bank (NYSE: BXS) (the "Company") today announced financial results for the quarter and year ended December 31, 2018.
Annual highlights for 2018 included:
Record net income of $221.3 million, or $2.23 per diluted share.   Net interest margin excluding accretable yield increased to 3.64 percent from 3.54 percent for 2017.   Improvement in cost structure; operating efficiency ratio excluding mortgage servicing rights ("MSR") improved to 66.6 percent compared to 67.8 percent for 2017.   Continued strong credit quality reflected by provision for credit losses of $4.5 million for the year; net charge-offs of $2.6 million for 2018,... More