BancorpSouth (BXS) Reports In-Line Q2 EPS

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BancorpSouth Announces Second Quarter 2019 Financial Results

July 17, 2019 4:30 PM EDT

TUPELO, Miss., July 17, 2019 /PRNewswire/ -- BancorpSouth Bank (NYSE: BXS) (the "Company") today announced financial results for the quarter ended June 30, 2019.

Highlights for the second quarter of 2019 included:

Reported quarterly net income of $53.1 million, or $0.53 per diluted share. Completed the acquisitions of Casey Bancorp, Inc. and Merchants Trust, Inc. effective April 1, 2019; recorded merger-related expenses of $3.1 million for the second quarter. Earnings were impacted by a negative pre-tax mortgage servicing rights ("MSR") valuation adjustment of $8.8 million. Record net operating income excluding MSR of $62.0... More