Mississippi Business Journal » earnings

Bank cooperative sees huge jump in net income

MBJ Staff — Fri, 03 May 2013 11:28:41 +0000

AUSTIN, Texas — Farm Credit Bank of Texas (FCBT) reports net income for the quarter ended March 31, 2013, totaled $53.8 million, a 57 percent increase from the same period of 2012. The increase was due largely to a $6.4 million increase in noninterest income, combined with a $13.7 million decrease in provision for loan [...]

The post Bank cooperative sees huge jump in net income appeared first on Mississippi Business Journal.

Hancock sees greatly improved numbers, but still posts losses

MBJ Staff — Mon, 29 Apr 2013 12:25:05 +0000

BALDWYN — Hancock Fabrics Inc. is reporting improved financial results for its fourth quarter ended Jan. 26 and full fifty-two weeks of fiscal 2012. For the quarter, net sales increased to $81.7 million, compared to $81.4 million for the fourth quarter of last year. Comparable store sales for the quarter increased 1.4 percent on top [...]

The post Hancock sees greatly improved numbers, but still posts losses appeared first on Mississippi Business Journal.

Southern’s earnings impacted by increased Kemper plant cost

MBJ Staff — Thu, 25 Apr 2013 12:27:43 +0000

ATLANTA — Southern Company, the parent of Mississippi Power Co., reports first quarter 2013 earnings of $81 million, or 9 cents a share, compared with earnings of $368 million, or 42 cents a share, in the first quarter of 2012. The first quarter results include two charges against earnings – a $333-million (38 cents per [...]

The post Southern’s earnings impacted by increased Kemper plant cost appeared first on Mississippi Business Journal.

Renasant sees post-merger earnings increase

MBJ Staff — Wed, 24 Apr 2013 12:09:21 +0000

TUPELO — Renasant Corporation has released its financial results for the first quarter of 2013. Net income for the first quarter of 2013 was $7,571,000, or basic and diluted earnings per share (EPS) of $0.30, as compared to $5,974,000, or basic and diluted EPS of $0.24, for the first quarter of 2012. “Our strong start [...]

The post Renasant sees post-merger earnings increase appeared first on Mississippi Business Journal.

Real estate firm sees earnings, revenue rise while debt falls

Associated Press — Mon, 22 Apr 2013 12:46:03 +0000

JACKSON — EastGroup Properties’ profit rose in the first quarter as revenues rose and debt payments fell. The real estate investment trust said quarterly profit rose 32 percent to $7.2 million, or 24 cents per share in the three months ended March 31. That’s up from $5.4 million, or 19 cents per share, in 2012′s [...]

The post Real estate firm sees earnings, revenue rise while debt falls appeared first on Mississippi Business Journal.

Entergy Corporation gives earnings guidance

MBJ Staff — Thu, 18 Apr 2013 12:38:26 +0000

NEW ORLEANS — Entergy Corporation expects first quarter 2013 as-reported earnings of approximately $0.89 per share and operational earnings of approximately $0.93 per share. Results for first quarter 2012 were a loss of $0.86 per share on an as-reported basis and earnings of $0.44 per share on an operational basis. Entergy also affirmed previously issued [...]

The post Entergy Corporation gives earnings guidance appeared first on Mississippi Business Journal.

Egg company’s earnings up on better market conditions

Associated Press — Mon, 01 Apr 2013 11:57:11 +0000

JACKSON — Cal-Maine Foods Inc. said today that its fiscal third-quarter net income climbed 17 percent, bolstered by increased selling prices and improved sales of specialty eggs. For the period ended March 2, the egg producer earned $30.6 million, or $1.27 per share. That compares with earnings of $26.1 million, or $1.09 per share, a [...]

The post Egg company’s earnings up on better market conditions appeared first on Mississippi Business Journal.

The First reports best earnings year in history

MBJ Staff — Mon, 28 Jan 2013 14:21:21 +0000

HATTIESBURG — The First Bancshares Inc. (NASDAQ:FBMS) reports net income of $4,048,000 for the year ended Dec. 31, 2012, which exceeds the previous high of $3,823,000 set in 2007. Net income available to common shareholders increased to $3,624,000, or $1.16 per diluted share, a 43.3 percent increase from the $2,529,000, or $.82 per diluted share [...]

The post The First reports best earnings year in history appeared first on Mississippi Business Journal.

BancorpSouth saw 28% jump in earnings last quarter

Associated Press — Thu, 24 Jan 2013 12:20:30 +0000

TUPELO — BancorpSouth says profit in 2012′s fourth quarter rose 28 percent from the same three months of 2011, as mortgage fees remained high and the bank set aside less money for future loan losses. The bank said yesterday it posted a quarterly profit of $17 million, or 18 cents per share, up from $13.3 [...]

The post BancorpSouth saw 28% jump in earnings last quarter appeared first on Mississippi Business Journal.

Trustmark sees quarterly profits rise 14%

MBJ Staff — Wed, 23 Jan 2013 14:03:32 +0000

JACKSON — Regional bank Trustmark Corp. said profit in 2012′s fourth quarter rose 14 percent from the same three months of 2011, as bad loans fell and the bank made more from writing new mortgages. Trustmark said Tuesday it made a quarterly profit of $27.7 million, or 43 cents per share, up from $24.3 million, [...]

The post Trustmark sees quarterly profits rise 14% appeared first on Mississippi Business Journal.