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Bancorpsouth Inc (BXS) SEC Filing 10-Q Quarterly report for the period ending Friday, March 31, 2017

Bancorpsouth Inc

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CIK: 701853 Ticker: BXS

Exhibit 99.1

News Release

 

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Contact:  
Chris Bagley   Will Fisackerly
President and Chief Operating Officer;
  Interim Chief Financial Officer		   Senior Vice President and
  Director of Corporate Finance
662/680-2009   662/680-2475

BancorpSouth Announces First Quarter 2017 Financial Results

TUPELO, MS, April 19, 2017/PRNewswire — BancorpSouth, Inc. (NYSE: BXS) today announced financial results for the quarter ended March 31, 2017.

Highlights for the first quarter of 2017 included:

 

  •   Net income of $38.1 million, or $0.41 per diluted share.

 

  •   Generated total deposit growth of $354.7 million, or 12.3 percent on an annualized basis.

 

  •   Net interest margin remained stable at 3.46 percent.

 

  •   Earnings benefitted from a positive pre-tax mortgage servicing rights (“MSR”) valuation adjustment of $0.9 million.

 

  •   Net operating income – excluding MSR – of $36.9 million, or $0.39 per diluted share.

 

  •   Credit quality remained stable; recorded provision for credit losses of $1.0 million for the quarter.

 

  •   Total operating expense declined compared to both the first and fourth quarters of 2016 and operating efficiency ratio – excluding MSR – declined to 68.4 percent.

 

  •   Repurchased 1,613,691 shares of outstanding common stock at a weighted average price of $30.62 per share.

The Company reported net income of $38.1 million, or $0.41 per diluted share, for the first quarter of 2017 compared with net income of $22.5 million, or $0.24 per diluted share, for the first quarter of 2016 and net income of $37.7 million, or $0.40 per diluted share, for the fourth quarter of 2016.

 

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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, April 20, 2017 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-Q Quarterly 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-Q Quarterly 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 Operations
Allowance For Credit Losses
Allowance For Credit Losses (allowance For Credit Losses By Segment, Class And Impairment Status) (details)
Allowance For Credit Losses (changes In The Allowance For Credit Losses By Segment And Class) (details)
Allowance For Credit Losses (tables)
Basis Of Financial Statement Presentation And Principles Of Consolidation
Commitments And Contingent Liabilities
Commitments And Contingent Liabilities (details)
Comprehensive Income
Comprehensive Income (details)
Comprehensive Income (tables)
Derivative Instruments And Offsetting Assets And Liabilities
Derivative Instruments And Offsetting Assets And Liabilities (narrative) (details)
Derivative Instruments And Offsetting Assets And Liabilities (offsetting Of Derivative Assets And Liabilities) (details)
Derivative Instruments And Offsetting Assets And Liabilities (tables)
Fair Value Disclosures
Fair Value Disclosures (assets And Liabilities Measured At Fair Value On A Nonrecurring Basis) (details)
Fair Value Disclosures (assets And Liabilities Measured At Fair Value On A Recurring Basis) (details)
Fair Value Disclosures (carrying And Fair Value Information) (details)
Fair Value Disclosures (changes In Level Three Assets And Liabilities Measured At Fair Value On A Recurring Basis) (details)
Fair Value Disclosures (tables)
Goodwill And Other Intangible Assets
Goodwill And Other Intangible Assets (carrying Amounts Of Goodwill) (details)
Goodwill And Other Intangible Assets (estimated Future Amortization Expense) (details)
Goodwill And Other Intangible Assets (future Estimated Amortization Expense) (details)
Goodwill And Other Intangible Assets (identifiable Intangible Assets) (details)
Goodwill And Other Intangible Assets (tables)
Loans And Leases
Loans And Leases (aging Of Loan And Lease Portfolio, Net Of Unearned Income, By Segment And Class) (details)
Loans And Leases (gross Loans And Leases By Segment And Class) (details)
Loans And Leases (impaired Loans And Leases, Net Of Unearned Income, By Segment And Class) (details)
Loans And Leases (loan And Lease Portfolio, Net Of Unearned Income, By Segment, Class And Internally Assigned Grade) (details)
Loans And Leases (loans And Leases, Net Of Unearned Income By Segment, Class And Geographical Location) (details)
Loans And Leases (non-performing Loans And Leases) (details)
Loans And Leases (tables)
Loans And Leases (troubled Debt Restructurings) (details)
Long-term Debt
Long-term Debt (details)
Mortgage Servicing Rights
Mortgage Servicing Rights (activity In Class Of Mortgage Servicing Assets) (details)
Mortgage Servicing Rights (data And Assumptions Used In Fair Value Calculation) (details)
Mortgage Servicing Rights (tables)
Other Noninterest Revenue And Expense
Other Noninterest Revenue And Expense (other Noninterest Expense) (details)
Other Noninterest Revenue And Expense (other Noninterest Revenue) (details)
Other Noninterest Revenue And Expense (tables)
Other Real Estate Owned
Other Real Estate Owned (activity In Other Real Estate Owned) (details)
Other Real Estate Owned (other Real Estate Owned By Segment And Class) (details)
Other Real Estate Owned (tables)
Pension Benefits
Pension Benefits (details)
Pension Benefits (tables)
Per Share Data
Per Share Data (details)
Per Share Data (tables)
Recent Pronouncements
Securities
Securities (amortized Cost And Estimated Fair Value Of Available-for-sale Securities By Contractual Maturity) (details)
Securities (amortized Cost And Estimated Fair Values Of Available-for-sale Securities) (details)
Securities (tables)
Securities (temporarily Impaired Available-for-sale Securities With Continuous Unrealized Loss Positions) (details)
Segment Reporting
Segment Reporting (details)
Segment Reporting (tables)

Material Contracts, Statements, Certifications & more

Bancorpsouth Inc provided additional information to their SEC Filing as exhibits

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-Q Quarterly Report
Accession Number: 0000701853-17-000008
Submitted to the SEC: Mon May 08 2017 12:49:51 PM EST
Accepted by the SEC: Mon May 08 2017
Period: Friday, March 31, 2017
Industry: State Commercial Banks

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