Mississippi Business Journal » net income

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 [...]

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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 [...]

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Entergy sees quarterly net income soar

Associated Press — Fri, 08 Feb 2013 16:11:37 +0000

NEW ORLEANS — Electric power company Entergy Corp.’s fourth-quarter net income nearly doubled helped by lower income tax expenses. The New Orleans-based utility earned $296.3 million, or $1.66 per share, in the three months ended Dec. 31, up from $154.1 million, or 87 cents per share, in the same quarter last year. Excluding one-time items, [...]

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Sales flat, net income down at TVA during first quarter

MBJ Staff — Tue, 05 Feb 2013 15:26:34 +0000

NORTH MISSISSIPPI — The Tennessee Valley Authority reported electricity sales were relatively flat in the first quarter of fiscal year 2013, total revenues were consistent with the prior year and net income was down. Higher off-system sales as a result of excess generation and closer to normal temperatures for the period, compared with even warmer weather a year ago, [...]

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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 [...]

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Citizens reports decreased net income for quarter, year

MBJ Staff — Thu, 24 Jan 2013 13:38:10 +0000

PHILADELPHIA — Citizens Holding Company has released the results of operations for the quarter and year ended Dec. 31, 2012. Net income for the quarter was $1.740 million or $0.36 per share-basic and diluted, down from $1.786 million, or $0.37 per share-basic and diluted for the same quarter in 2011. Net interest income for the [...]

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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 [...]

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Peoples Financial reports increased earnings, decreased loan losses

Associated Press — Tue, 01 May 2012 19:44:15 +0000

BILOXI — Peoples Financial Corporation, parent of The Peoples Bank, reported net income of $505,000 for the first quarter of 2012, a 15.3 percent increase over the first quarter of 2011. Loan volume increased 5.3 percent over the first quarter of 2011 to $428 million, compared to $407 million in the same period last year. [...]

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Hancock Holding: ‘Digesting’ Whitney acquisition

Associated Press — Fri, 27 Apr 2012 15:04:41 +0000

GULFPORT — Hancock Holding Co., which operates Hancock and Whitney banks along the Gulf Coast, said yesterday that it is making progress in digesting last year’s Whitney acquisition. Hancock merged with Whitney in June, making it hard to compare year-earlier results. The bank posted profit of $18.5 million, or 21 cents per share, in the [...]

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Renasant: Acquisitions, new branches improving bottom line

Associated Press — Thu, 26 Apr 2012 22:34:56 +0000

TUPELO — Renasant Corp. says its acquisitions and new branches are succeeding as it cut bad loans in the first quarter of 2012. The bank said it earned quarterly profit of nearly $6 million, or 24 cents per share. The company earned about $7.5 million, or 30 cents per share, in the same quarter of [...]

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