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VOL. 128 | NO. 207 | Wednesday, October 23, 2013

BancorpSouth Profit Rises by 4 Percent in Quarter

AP

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TUPELO, Miss. (AP) — Regional bank BancorpSouth Corp. cut costs and bad loans in 2013's third quarter, as profit increased by 4 percent from the same three months of 2012.

BancorpSouth posted quarterly profit of $24.9 million, or 26 cents per share Monday. That's up from $23.8 million or 25 cents per share in 2012's third quarter.

Analysts polled by FactSet had estimated 27 cents per share, on average.

The company says it increased loans and net interest income for the second quarter in a row, while it benefited from reduced costs after an employee buyout. However, noninterest revenue fell as mortgage refinancing fees declined sharply.

Based in Tupelo, the $12.9 billion bank has offices in Alabama, Arkansas, Florida, Louisiana, Mississippi, Missouri, Tennessee and Texas.

Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 67 67 10,289
MORTGAGES 107 107 13,434
FORECLOSURE NOTICES 24 24 2,668
BUILDING PERMITS 393 393 24,700
BANKRUPTCIES 60 60 9,952
BUSINESS LICENSES 16 16 3,752
UTILITY CONNECTIONS 149 149 14,706
MARRIAGE LICENSES 31 31 3,198

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