Bancorpsouth Inc (BXS) 10-K Annual Report Tue Feb 25 2014


Contact:
William L. Prater				Will Fisackerly
Treasurer and				Senior Vice President and
Chief Financial Officer				Director of Corporate Finance
662/680-2536				662/680-2475

BancorpSouth Announces Fourth Quarter 2013 Earnings of

$27.7 Million or $0.29 per Diluted Share

TUPELO, Miss., January 22, 2014/PRNewswire — BancorpSouth, Inc. (NYSE: BXS) today announced financial results for the quarter and year ended December 31, 2013.

Highlights for the fourth quarter of 2013 included:

•

Net income of $27.7 million or $0.29 per diluted share.

•

Acquired Houston, Texas based Gem Insurance Agencies, LP (“GEM”), which is expected to produce annual insurance commission revenues of approximately $9 million.

•

Generated net loan growth of $184.9 million, or 8.4 percent annualized, which represents the third consecutive quarter of net loan growth.

•

The net interest margin increased to 3.52 percent for the fourth quarter of 2013 from 3.45 percent for the third quarter of 2013, benefitting from continued reduced funding costs as well as net loan growth.

•

Non-performing loans and leases (“NPLs”) declined $23.9 million, or 16.6 percent, compared to the third quarter of 2013, while non-performing assets (“NPAs”) decreased $31.4 million, or 14.2 percent, over the same period.

The Company reported net income of $27.7 million, or $0.29 per diluted share, for the fourth quarter of 2013 compared with net income of $17.0 million, or $0.18 per diluted share, for the fourth quarter of 2012 and net income of $24.9 million, or $0.26 per diluted share, for the third quarter of 2013. Additionally, the Company reported total net income of $94.1 million, or $0.99 per diluted share, for the year ended December 31, 2013 compared to $84.3 million, or $0.90 per diluted share, for the year ended December 31, 2012.

“Our results for the fourth quarter are reflective of the commitment that we have made to grow our Company,” remarked Dan Rollins, Chief Executive Officer. “We are pleased to report net

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BancorpSouth, Inc.

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

The following information was filed by Bancorpsouth Inc (BXS) on Thursday, January 23, 2014 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.D: Material Contract

Exhibit 10.DD: Material Contract

Exhibit 10.K: Material Contract

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: 0000701853-14-000003
Submitted to the SEC: Tue Feb 25 2014 2:23:22 PM EST
Accepted by the SEC: Tue Feb 25 2014
Period: Tuesday, December 31, 2013
Industry: State Commercial Banks