Aubrey Patterson » Mississippi Business Journal

Posts Tagged ‘Aubrey Patterson’

Cartoons— May 20, 2012

by For the MBJ Published: May 20,2012

Tags: Aubrey Patterson, Beverly Perdue, Chuck McIntosh, ricky nobile

By Ricky Nobile [...]

Patterson, longtime CEO of BancorpSouth, to retire

by Associated Press Published: May 11,2012

Tags: Aubrey Patterson, BancorpSouth, Mississippi, Mississippi Business Journal

TUPELO — Aubrey Patterson will retire from his post as chairman and CEO of BancorpSouth Inc. in 2013, the regional bank says. In a Thursday release, Patterson said he expected to retire around the time of the company’s annual meeting in April 2013. >> A Q&A with Aubrey Patterson >> BancorpSouth reaches 2-year high on [...] [...]

BancorpSouth reaches 2-year high on earnings, plans regional restructuring

by Ted Carter Published: April 29,2012

Tags: Aubrey Patterson, BancorpSouth, banking, FDIC

The year’s first quarter brought BancorpSouth Inc. its best quarterly showing in two years, with the Tupelo-based regional bank reporting net income of $22.9 million, or 25-cents a share. The burden of bad real estate loans also eased during the quarter, according to Aubrey Patterson, chairman and CEO BancorpSouth, a $13 billion banking company with [...] [...]

BancorpSouth profit jumps, loan set-aside shrinks

by Associated Press Published: April 24,2012

Tags: Aubrey Patterson, BancorpSouth, Mississippi, Mississippi Business Journal, Tupelo

TUPELO — BancorpSouth is set aside less for future loan losses and made more in fees from mortgage borrowers, increasing profit in the first quarter. The Tupelo firm said Monday that profit rose to $22.9 million, or 25 cents per share, in the quarter that ended March 31. The bank said that’s the most it [...] [...]

BancorpSouth rebounds further into the black

by Ted Carter Published: February 6,2011

Tags: Aubrey Patterson, BancorpSouth

A balance sheet that saw a significant decline in provision for credit losses helped Tupelo-based regional bank BancorpSouth achieve fourth quarter net income of $15.8 million, or $0.19 per diluted share, beating the analysts’ consensus estimate by 2 cents. Shareholders, however, saw their dividend chopped in half, going from 22 cents in the third quarter [...] [...]

More bank lending in 2011? Answer is in bad loan cleanups

by Ted Carter Published: January 2,2011

Tags: Aubrey Patterson, Bill Prater, John Allison, Ray Britt, Sheila Bair

Banking Commissioner John Allison says he’s seen signs that may signal turning of corner for Mississippi banking sector Nationally, banks have loosened lending and eased up on an obsession with cleaning up their balance sheets, says Sheila Bair, chairman of the Federal Insurance Deposit Corporation. Some of that change could filter down to Mississippi in [...] [...]

Main Street Matters kicks off with development goal

by Ted Carter Published: November 21,2010

Tags: Aubrey Patterson, Harry Walker, Leland Speed, Main Street Matters, Randy Burchfield, The Mississippi Main Street Association

Effort enlists business leaders to bring more industry and tourism to Main Street communities The Mississippi Main Street Association has launched a five-year economic and community development program for the State of Mississippi dubbed “Main Street Matters.” The initiative to underwrite the effort grew out of ideas and suggestions from nearly 100 business leaders over [...] [...]

Memphis Market

by Ted Carter Published: November 7,2010

Tags: Aubrey Patterson, BancorpSouth, Gregg Cowsert, Kevin Reynolds

BancorpSouth’s Memphis borrowers stayed solvent longer, delaying in loan repairs Regional bank BancorpSouth attributes much of the earnings pain it is enduring today to high-quality big-money borrowers in metro Memphis who ran out of money later in the real estate bust than did others. “Because of borrowers we were dealing with, we dealt with issues in [...] [...]

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 [...] [...]

FDIC report: State banks under increasing strain

by Ted Carter Published: September 5,2010