Last10K.com

Bancorpsouth Inc (BXS) SEC Filing 10-K Annual report for the fiscal year ending Monday, December 31, 2012

Bancorpsouth Inc

CIK: 701853 Ticker: BXS

Exhibit 99.1

News Release

 

LOGO

 

Contact:   
William L. Prater    Will Fisackerly
Treasurer and Chief Financial Officer    First Vice President and Director of Investor Relations
662/680-2000    662/680-2475

BancorpSouth Announces Fourth Quarter 2012 Earnings of $17.0 Million or $0.18 per Diluted Share

TUPELO, Miss., January 23, 2013/PRNewswire-FirstCall via COMTEX/ — BancorpSouth, Inc. (NYSE: BXS) today announced financial results for the quarter ended December 31, 2012.

Highlights for the fourth quarter of 2012 included:

 

   

The appointment of James D. Rollins III as the Company’s new Chief Executive Officer.

 

   

Quarterly net income of $17.0 million or $0.18 per diluted share, resulting in net income of $84.3 million, or $0.90 per diluted share, for the year.

 

   

Mortgage production of $549.4 million, which contributed to mortgage lending revenue of $17.2 million for the quarter.

 

   

Other real estate owned (“OREO”) sales of $27.9 million, which contributed to a 19.5 percent decline in OREO and a 10.3 percent reduction in total non-performing assets (“NPAs”) from the prior quarter and reductions of 40.6 percent and 32.1 percent, respectively, compared to the end of 2011.

 

   

Nonaccrual loans decreased $12.5 million, or 5.7 percent, from the prior quarter and $69.6 million, or 25.1 percent, from the fourth quarter of 2011. At the end of the quarter, 55.7 percent of nonaccrual loans were paying in accordance with their contractual terms.

 

   

Capital ratios continued to rise, with Tier 1 leverage and Total risk-based capital ratios increasing to 10.25 percent and 15.08 percent, respectively.

On November 26, 2012 the Company announced that the Board of Directors had selected James D. “Dan” Rollins III as its new Chief Executive Officer. Rollins assumed this position effective November 27, 2012, and also became a member of BancorpSouth’s Board of Directors at that

 

- MORE -

 

Box 789  Ÿ    Tupelo, MS 38802-0789  Ÿ   (662) 680-2000

 

LOGO  

  is a financial holding company.


The following information was filed by Bancorpsouth Inc (BXS) on Thursday, January 24, 2013 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

View differences made from one year to another to evaluate Bancorpsouth Inc's financial trajectory

Compare SEC Filings Year-over-Year (YoY) and Quarter-over-Quarter (QoQ)
Sample 10-K Year-over-Year (YoY) Comparison

Compare this 10-K Annual Report to its predecessor by reading our highlights to see what text and tables were  removed  ,   added    and   changed   by Bancorpsouth Inc.

Continue

Assess how Bancorpsouth Inc's management team is paid from their Annual Proxy

Definitive Proxy Statement (Form DEF 14A)
Screenshot example of actual Proxy Statement

Bancorpsouth Inc's Definitive Proxy Statement (Form DEF 14A) filed after their 2013 10-K Annual Report includes:

  • Voting Procedures
  • Board Members
  • Executive Team
  • Salaries, Bonuses, Perks
  • Peers / Competitors

Continue

Tools

Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Document And Entity Information
Consolidated Balance Sheets
Consolidated Balance Sheets (parenthetical)
Consolidated Statements Of Cash Flows
Consolidated Statements Of Comprehensive Income
Consolidated Statements Of Income
Consolidated Statements Of Shareholders' Equity
Consolidated Statements Of Shareholders' Equity (parenthetical)
Allowance For Credit Losses
Allowance For Credit Losses (1) (details)
Allowance For Credit Losses (details)
Allowance For Credit Losses (tables)
Available-for-sale Securities
Available-for-sale Securities (details)
Available-for-sale Securities (tables)
Business Combinations
Business Combinations (details)
Commitments And Contingent Liabilities
Commitments And Contingent Liabilities (details)
Commitments And Contingent Liabilities (tables)
Condensed Parent Company Information
Condensed Parent Company Information (details)
Condensed Parent Company Information (tables)
Derivative Instruments
Derivative Instruments (details)
Earnings Per Share And Dividend Data
Earnings Per Share And Dividend Data (details)
Earnings Per Share And Dividend Data (tables)
Fair Value Disclosures
Fair Value Disclosures (details)
Fair Value Disclosures (tables)
Fair Value Disclosures, Changes In Level 3 (details)
Goodwill And Other Intangible Assets
Goodwill And Other Intangible Assets (details)
Goodwill And Other Intangible Assets (tables)
Held-to-maturity Securities
Held-to-maturity Securities (details)
Income Taxes
Income Taxes (details)
Income Taxes (tables)
Junior Subordinated Debt Securities
Junior Subordinated Debt Securities (details)
Loans And Leases
Loans And Leases (details)
Loans And Leases (tables)
Loans And Leases, Aging (details)
Loans And Leases, Grade (details)
Loans And Leases, Impaired (details)
Loans And Leases, Non-performing And Nonaccrual Loans And Leases (details)
Loans And Leases, Troubled Debt Restructurings (details)
Long-term Federal Home Loan Bank Borrowings
Long-term Federal Home Loan Bank Borrowings (details)
Long-term Federal Home Loan Bank Borrowings (tables)
Mortgage Servicing Rights
Mortgage Servicing Rights (details)
Mortgage Servicing Rights (tables)
Other Comprehensive Income
Other Comprehensive Income (details)
Other Comprehensive Income (tables)
Other Noninterest Income And Expense
Other Noninterest Income And Expense (details)
Other Noninterest Income And Expense (tables)
Other Real Estate Owned
Other Real Estate Owned (details)
Other Real Estate Owned (tables)
Pension, Other Post Retirement Benefit And Profit Sharing Plans
Pension, Other Post Retirement Benefit And Profit Sharing Plans (details)
Pension, Other Post Retirement Benefit And Profit Sharing Plans (tables)
Pension, Other Post Retirement Benefit And Profit Sharing Plans, Defined Contribution Plan (details)
Pension, Other Post Retirement Benefit And Profit Sharing Plans, Information About Plan Assets (details)
Premises And Equipment
Premises And Equipment (details)
Premises And Equipment (tables)
Regulatory Matters
Regulatory Matters (details)
Regulatory Matters (tables)
Related Party Transactions
Related Party Transactions (details)
Related Party Transactions (tables)
Segments
Segments (details)
Segments (tables)
Stock Incentive And Stock Option Plans
Stock Incentive And Stock Option Plans (details)
Stock Incentive And Stock Option Plans (tables)
Subsequent Events
Summary Of Significant Accounting Policies
Summary Of Significant Accounting Policies (details)
Summary Of Significant Accounting Policies (policies)
Time Deposits And Short-term Debt
Time Deposits And Short-term Debt (details)
Time Deposits And Short-term Debt (tables)
Ticker: BXS
CIK: 701853
Form Type: 10-K Annual Report
Accession Number: 0000701853-13-000003
Submitted to the SEC: Mon Feb 25 2013 4:20:57 PM EST
Accepted by the SEC: Mon Feb 25 2013
Period: Monday, December 31, 2012
Industry: State Commercial Banks

External Resources:
Stock Quote
Social Media

Bookmark the Permalink:
https://last10k.com/sec-filings/bxs/0000701853-13-000003.htm