Bancorpsouth Inc (BXS) 10-K Annual Report Mon Feb 25 2013


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:

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

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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.

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

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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.

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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.

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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

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

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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.

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Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Material Contracts, Statements, Certifications & more

Bancorpsouth Inc provided additional information to their SEC Filing as exhibits

Exhibit 10.C: Material Contract

Exhibit 10.I: Material Contract

Exhibit 10.S: Material Contract

Exhibit 10.T: Material Contract

Exhibit 10.DD: Material Contract

Exhibit 11: Statement Regarding Calculation Of Per Share Earnings

Exhibit 21: Subsidaries Of The Registrant

Exhibit 23: Consents Of Experts And Counsel

Exhibit 31.1: Rule 13A-14(A)/15D-14(A) Certification

Exhibit 31.2: Rule 13A-14(A)/15D-14(A) Certification

Exhibit 32.1: Section 1350 Certification

Exhibit 32.2: Section 1350 Certification

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