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Tag Archives: BancorpSouth

Renasant, BancorpSouth acquisitions seen boosting earnings per share

Analysts see bump-ups in earnings per share from growth achieved by Tupelo’s Renasant Bank through acquisition of M&F Bank of Kosciusko and growth expected by Tupelo neighbor BancorpSouth’s announced acquisitions in Texas and Louisiana. The $5.7 billion Renasant’s first full quarter with M&F was a solid one, Birmingham, Ala.-based Stern Agee reported, citing a .03 percent increase in net interest ...

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Owens passes IHL gavel to Patterson

Former banker Aubrey Patterson is now the president of the Board of Trustees of State Institutions of Higher Learning. Bob Owens passed the gavel to Patterson at a recent board meeting held in Jackson. Patterson will officially take office on Feb. 1. “I look forward to continuing to work toward our goal of increasing educational attainment in Mississippi with my ...

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BancorpSouth buying Texas bank in stock/cash deal

TUPELO — BancorpSouth will acquire Central Community Corp., the parent of Austin-based First State Bank Central Texas, pushing the bank much deeper into the competitive Texas banking market. BancorpSouth said yesterday that it is offering Central Community stockholders shares of its own stock worth $182.3 million, plus $28.5 million in cash. If Central Community shareholders and regulators approve, the deal ...

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BancorpSouth buying Texas community bank in $209.5 million deal

By Dennis Seid Daily Journal BancorpSouth is moving deeper into Texas, acquiring Central Community Corp., parent of First State Bank Central Texas. First State Bank has 31 branches and is the largest independent bank headquartered in Austin, Texas. The move will boost BancorpSouth’s market share from No. 65 in the state to No. 29. With the move, BancorpSouth is adding ...

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Bauer rankings reflect strong Q3 showing for Mississippi banks

A total of 45 Mississippi banks and saving and loans garnered five-star ratings from Bauer Financial Services in the third quarter. Of Mississippi’s largest banks, the $20 billion Hancock Bank of Gulfport was the only one to receive five stars, though Jackson’s Trustmark and Tupelo’s Renasant performed well enough to gain four stars each. BancorpSouth, the state’s second largest bank ...

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Bank sees modest rise in earnings after retirement buy-out

TUPELO — Regional bank BancorpSouth Corp. says profit in 2013’s second quarter rose less than 1 percent from the same three months of 2012, as an early-retirement buyout drove up costs. BancorpSouth posted quarterly profit of $20.8 million, or 22 cents per share Tuesday. That’s up from $20.6 million or 22 cents per share in 2012’s second quarter. Without a ...

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Mississippi banks show strength with top Bauer ratings

Highlighting the strong stability of Mississippi’s banks, Bauer Financial has awarded five-star “Superior” ratings to over half of the state’s banks for their first-quarter performance, including two of the largest banks — Hancock Bank and Trustmark Bank. Two other major banking Mississippi banking entities — Birmingham-based Regions Bank and Tupelo’s BancorpSouth — received the three-and-a-half star ranking of “Good” from ...

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BancorpSouth sets up $500 million business loan pool for 2013

Tupelo-based BancorpSouth has earmarked $500 million for loans to businesses and entrepreneurs seeking to locate in our state, as well as for existing businesses looking to expand operations through a loan pool dubbed “Grow Mississippi 2013.” In announcing the initiative, BancorpSouth CEO Dan Rollins said additional funding will be added to the loan pool during the year if needed, depending ...

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Strong mortgage lending boosts BancorpSouth Q4 earnings

Tupelo’s BancorpSouth closed the final quarter of 2012 with net income of $17 million and earnings of 18 cents s share, a two-penny increase over the same quarter a year ago. BancorpSouth attributed its 4th quarter showing to stronger mortgage lending and improved asset management, particularly in the disposal of Real Estate Owned properties. However, the fourth quarter earnings failed ...

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