BancorpSouth (BXS) Tops Q4 EPS by 7c
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BancorpSouth Announces Fourth Quarter 2020 and Annual Financial Results
January 25, 2021 4:30 PM ESTTUPELO, Miss., Jan. 25, 2021 /PRNewswire/ --Â BancorpSouth Bank (NYSE: BXS) (the "Company") today announced financial results for the quarter and year ended December 31, 2020.
Annual highlights for 2020 included:
Achieved net income available to common shareholders of $218.6 million, or $2.12 per diluted common share, and net operating income available to common shareholders excluding mortgage servicing rights ("MSR") of $237.3 million, or $2.30 per diluted common share. Recorded provision for credit losses of $86.0 million associated primarily with economic deterioration associated with the COVID-19 pandemic while net charge-offs totaled 0.18 percent of average loans and leases,... More