BancorpSouth back in the black but trouble with bad loans persists
by Ted Carter
Published: October 31,2010
Tags: Aubrey Patterson, BancorpSouth Inc., Thomson Reuters, Tupelo regional bank
Bank handicapped by increasing loan loss reserves A $32.3-million allocation to cover a $107.1-million increase in non-performing loans took a bite of BancorpSouth Inc.’s third quarter earnings, but Mississippi’s largest headquartered bank returned to profitability in the quarter. The move into the black got an assist from a nearly $10-million income tax benefit and a [...]
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