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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 This material may not be published, broadcast, rewritten or redistributed.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 34 235 14,278
MORTGAGES 50 269 16,573
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 136 451 29,612
BANKRUPTCIES 59 176 9,499
BUSINESS LICENSES 22 66 4,669
UTILITY CONNECTIONS 0 101 10,336
MARRIAGE LICENSES 10 65 3,417

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