Article Comment 

BancorpSouth profits hold steady


The Associated Press


TUPELO -- Regional bank BancorpSouth Corp. said profit in 2013's second quarter rose less than 1 percent from the same three months of 2012, as an early-retirement buyout drove up costs. 


BancorpSouth posted quarterly profit of $20.8 million, or 22 cents per share Tuesday, up from $20.6 million or 22 cents per share in 2012's second quarter. Without a $10.9 million charge for the buyouts, earnings would have risen by 7 cents per share. 


Analysts polled by FactSet had estimated 24 cents per share, on average. 


BancorpSouth said it would also redeem $125 million trust preferred securities in the third quarter, using $75 million in cash and borrowing $50 million. Redeeming the securities is projected to save $9.1 million a year in interest costs.




printer friendly version | back to top




Most Viewed News Stories


1. Columbus remembers Jimmy Garton, a man of many titles COLUMBUS & LOWNDES COUNTY

2. Cattleman's: Open for business COLUMBUS & LOWNDES COUNTY

3. Arrest report: 1-27-15 AREA

4. Romney's MSU visit at full capacity STARKVILLE & OKTIBBEHA COUNTY

5. Ecolab reducing Columbus workforce COLUMBUS & LOWNDES COUNTY


More popular content      Suggest a story



Follow Us:

Follow Us on Facebook

Follow Us on Twitter

Follow Us via Instagram

Follow Us via Email