Posts Tagged ‘publicly traded company’

Entergy reports decreased profit; gives 2014 forecast

NEW ORLEANS — Entergy Corp. said day that its third-quarter profit fell 29 percent on higher costs, and it gave a 2014 forecast with midpoint below analysts’ expectations. Shares of the power generating and distribution company fell $2.05, or 3 percent, to close at $66.06. Net income fell to $239.9 million, or $1.34 per share, […] [...]

Swetman: Peoples’ profit ‘not at the levels we would wish’

BILOXI — Peoples Financial Corporation, parent of The Peoples Bank, reported net income of $886,000 for the third quarter of 2013, an increase of 18 percent over the same period a year ago. Earnings year to date in 2013 were impacted in the second quarter by a large loan loss provision mostly related to a […] [...]

Hancock’s profits tumble on expenditure for cost-cutting measures

GULFPORT — Regional bank Hancock Holding Co. said profit in 2013′s third quarter fell 30 percent as its spent $20.9 million on cost-cutting. Hancock, which operates Hancock Bank in Mississippi, Alabama and Florida, and Whitney Bank in Louisiana and Texas, posted quarterly profit of $33.2 million, or 40 cents per share. That’s down from $47 […] [...]

BancorpSouth’s profits rise after cutting costs, bad loans

TUPELO — Regional bank BancorpSouth Corp. cut costs and bad loans in 2013′s third quarter, as profit increased by 4 percent from the same three months of 2012. BancorpSouth posted quarterly profit of $24.9 million, or 26 cents per share yesterday. That’s up from $23.8 million or 25 cents per share in 2012′s third quarter. […] [...]

EastGroup reports increase in revenue, profit

JACKSON — More tenants are renting industrial space from landlord EastGroup Properties, pushing up revenue and profit in the third quarter. The company said quarterly profit rose 24 percent to $8.4 million, or 28 cents per share, in the three months that ended September 30. That’s up from $6.8 million, or 23 cents per share, […] [...]

Renasant sees dip in net income following M&F acquisition

TUPELO — Renasant Corporation saw net income for the third quarter of 2013 of $6.6 million, or basic and diluted earnings per share of $0.24, as compared to $7.0 million, or basic and diluted earnings per share of $0.28, for the third quarter of 2012. On Sept. 1, Renasant completed its merger with First M&F […] [...]

Mississippi Power to account for repayment if Kemper plant construction runs long

KEMPER COUNTY — If Mississippi Power Co. misses a May deadline to complete construction of a $4.3-billion power plant in Kemper County, it will be forced to repay $133 million in federal tax credits. However, the company says that because of accounting rules, it wouldn’t write the amount off from profit and wouldn’t add it […] [...]

Cal-Maine sees income fall while costs rise

JACKSON — Cal-Maine Foods Inc. said today that its fiscal first-quarter net income fell 6 percent as feed and production costs climbed. The egg producer earned $8.8 million, or 36 cents per share, for the period ended Aug. 31. That compares with $9.4 million, or 39 cents per share, a year earlier. Revenue for the […] [...]

BancorpSouth increases dividend for first time in two years

TUPELO — The BancorpSouth Inc. board of directors has declared a quarterly cash dividend of $0.05 per common share, which is a $0.04 per share or 400 percent increase over the company’s previous quarterly dividend payment of $0.01 per common share. The dividend is payable Oct. 1 to shareholders of record at the close of […] [...]

First M&F slashes quarterly net income by nearly $2M

KOSCIUSKO — First M&F Corp. has revised net income for the quarter ended June 30, 2013 to $222,000 from $2.205 million reported in the July 19 earnings announcement. Earnings per share after preferred stock dividends were revised to a loss of $.03 basic and diluted per share from the previously reported net profit of $.18 […] [...]

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