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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 This material may not be published, broadcast, rewritten or redistributed.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 38 349 15,066
MORTGAGES 111 449 19,779
FORECLOSURE NOTICES 33 91 3,886
BUILDING PERMITS 0 512 35,842
BANKRUPTCIES 62 309 14,343
BUSINESS LICENSES 18 138 5,129
UTILITY CONNECTIONS 69 385 21,817
MARRIAGE LICENSES 13 106 4,663

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