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Bancorpsouth Inc (BXS) SEC Filing 10-K Annual report for the fiscal year ending Monday, December 31, 2007

Bancorpsouth Inc

CIK: 701853 Ticker: BXS
 

EXHIBIT 99.1
News Release
(LOGO)
     
Contact:
   
L. Nash Allen, Jr.
  Gary C. Bonds
Treasurer and Chief Financial Officer
  Senior Vice President and Controller
662/680-2330
  662/680-2332
BancorpSouth Announces Earnings of $0.39 per Diluted Share
for Fourth Quarter 2007
TUPELO, Miss., January 23, 2008/PRNewswire-FirstCall via COMTEX/ — BancorpSouth, Inc. (NYSE: BXS) today announced financial results for the fourth quarter and year ended December 31, 2007.
          Highlights of the announcement include:
    An increase in net income and net income per diluted share for the fourth quarter of 2007 of 14.8 percent and 11.4 percent, respectively, from the fourth quarter of 2006.
    A 16.6 percent increase in loans and leases, net of unearned income, to $9.2 billion at the end of 2007 from the end of 2006.
    Expansion of the net interest margin to 3.72 percent for the fourth quarter of 2007 from 3.64 percent for the fourth quarter of 2006 and 3.66 percent for the third quarter of 2007.
    Net interest revenue of $109.7 million for the fourth quarter of 2007, up 13.9 percent from the fourth quarter of 2006.
    Strong credit quality, with minimal exposure to subprime residential mortgages.
    Growth in noninterest revenue of 9.6 percent for the fourth quarter of 2007 compared with the fourth quarter of 2006.
    Recognition of a $2.3 million charge in the fourth quarter of 2007 related to a guarantee of Visa’s obligations for certain litigation matters.
-MORE-
Box 789 • Tupelo, MS 38802-0789 • (662) 680-2000
BancorpSouth, Inc. is a financial holding company

 


The following information was filed by Bancorpsouth Inc (BXS) on Thursday, January 24, 2008 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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SEC Filing Tools
Ticker: BXS
CIK: 701853
Form Type: 10-K Annual Report
Accession Number: 0000950144-08-001485
Submitted to the SEC: Thu Feb 28 2008 4:46:03 PM EST
Accepted by the SEC: Thu Feb 28 2008
Period: Monday, December 31, 2007
Industry: State Commercial Banks

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