BancorpSouth Announces Record Annual Earnings

Go back to BancorpSouth Announces Record Annual Earnings

BancorpSouth (BXS) Tops Q4 EPS by 3c

January 22, 2020 4:32 PM EST

BancorpSouth (NYSE: BXS) reported Q4 EPS of $0.63, $0.03 better than the analyst estimate of $0.60.

Achieved quarterly net income of $65.8 million, or $0.63 per diluted common share.Earnings were positively impacted by a pre-tax MSR valuation adjustment of $3.2 million, while merger-related expenses totaling $5.8 million adversely impacted earnings for the quarter.Achieved net operating income excluding MSR of $67.8 million, or $0.65 per diluted common share, which represents an increase of 14.0 percent on a per share basis compared with the fourth quarter of 2018.Generated organic total deposit growth for the quarter of approximately $385 million, or 9.5... More