Mississippi Business Journal » publicly traded company

Bank prices initial public offering at $24 per share

MBJ Staff — Mon, 13 May 2013 11:32:54 +0000

GULFPORT — First NBC Bank Holding Company, the New Orleans-based holding company for First NBC Bank, has priced its initial public offering of 4,166,667 shares of common stock at a price to the public of $24 per share. The common stock has been approved for listing on the NASDAQ Global Select Market, trading under the [...]

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The First buys Alabama bank for undisclosed sum

Associated Press — Tue, 30 Apr 2013 12:37:16 +0000

HATTIESBURG — The First Bancshares Inc. has acquired First National Bank of Baldwin County, Ala. Terms of the acquisition, announced yesterday, were not made public. Officials say the acquisition expands The First into Alabama with five new branches. The First will now have 24 locations in Mississippi, Louisiana and South Alabama. The First will now [...]

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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 [...]

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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 [...]

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BancorpSouth’s earnings impacted by litigation costs

MBJ Staff — Tue, 23 Apr 2013 12:16:44 +0000

TUPELO — BancorpSouth Inc. has released financial results for the quarter ended March 31. Highlights for the first quarter included: • Net income of $20.8 million or $0.22 per diluted share • Mortgage production of $425.9 million and mortgage sales of $445.9 million, which contributed to mortgage lending revenue of $12.3 million for the quarter, [...]

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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 [...]

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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 [...]

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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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Bank raises $20M through private stock placement

MBJ Staff — Mon, 25 Mar 2013 12:27:12 +0000

HATTIESBURG — The First Bancshares Inc., the parent company of The First, A National Banking Association, has completed a private placement of Series D Nonvoting Convertible Preferred Stock, $1 par value. The First raised $20 million in new capital through a private placement of 1,951,220 shares of its Series D nonvoting convertible preferred stock at [...]

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Sanderson Farms sees sales rise, but posts loss

MBJ Staff — Fri, 22 Feb 2013 14:23:52 +0000

LAUREL — Sanderson Farms Inc. reports net sales for the first quarter of fiscal 2013 were $595.8 million, compared with $517.8 million for the same period a year ago. For the quarter, the poultry company had a net loss of $6.9 million, or $0.31 per share, compared with a net loss of $8.0 million, or $0.36 [...]

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