By Ted Carter
Take a deep breath. Now exhale and hope for the best as the earnings season for Mississippi banks is on the horizon.
You’ll know soon enough whether to break out the champagne and party favors you put away your New Year’s celebration.
Tupelo-based BancorpSouth is to report its fourth quarter earnings after the market closes on Jan. 20. Cadence National Bank says it expects to report its 4Q earnings after the market closes on Jan. 27. No other Mississippi banks have issued press statements on scheduled earnings releases. The Business Blog will let you know the earnings release dates as soon as they come in.
The $13.6 billion BancorpSouth Bank will remain the largest bank headquartered in Mississippi until mid 2011, when Gulfport’s Hancock Bank completes its acquisition of New Orleans-based Whitney National Bank.
Whitney will keep its name in the Louisiana and Texas markets. The Hancock-Whitney combination will constitute the largest banking operation in both Mississippi and Louisiana, with combined assets of around $20 billion.
Meanwhile, Community Bancorp, a Houston banking investment group, is scheduled to complete its acquisition of Starkville-based Cadence National Bank, a $1.9 billion bank holding company with banks in Mississippi, Alabama, Tennessee and Florida.
Stay tuned for bank earnings season
By Ted Carter