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Tag Archives: earnings

Renasant reports record quarterly income

Renasant Corp. has reported record quarterly net income $25.3 million, up 10.4 percent from $22.9 million a year earlier. Earnings per share were 57 cents, compared with 54 cents for the second quarter of 2016. Renasant announced in January that it was buying Metropolitan BancGroup for $190 million in stock. The Tupelo-based bank said that acquiring Metropolitan’s $1.2 billion in ...

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Sanderson rides dark-meat sales to net profit rebound

By JACK WEATHERLY Sanderson Farms Inc. net income more than doubled in the first fiscal quarter compared with the year earlier period – thanks to dark-meat sales recovering from a slump brought on by the avian flu outbreak in 2015. Sales for the quarter ending Jan. 31 were $688.3 million, compared with $605.2 million a year earlier. Net income for the ...

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Trustmark fourth quarter income up 4.9 percent

By JACK WEATHERLY Trustmark Corp. reported net income of $28.9 million for the fourth quarter, or 43 cents per share, a 4.9 percent increase from a year earlier. Net income for the year was $108.4 million, or $1.60 per share, compared with $116 million in 2015, the Jackson-based bank holding company reported in a release on Tuesday. Excluding one-time charges for ...

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Trustmark reports earnings up for third quarter

MBJ staff and wire services Trustmark Corp. reported on Tuesday net income of $31 million, or 46 cents per common share, in the third quarter of 2016, compared with $28.4 million, or 42 cents, a 9 percent increase, a year earlier. The results met Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was also ...

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Renasant income up 42.9 percent for third quarter

MBJ Staff Tupelo-based Renasant Corp. announced net income for the third quarter of 2016 was $23.2 million, or earnings per share of 55 cents, an increase of 42.9 percent from $16.2 million, or 40 cents, a year earlier. The bank said on Thursday that its balance sheet and results of operations include the impact of the its acquisition of KeyWorth Bank ...

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Renasant reports record quarterly earnings

Renasant Corp. announced on Tuesday record earnings for the second quarter, $22.9 million, or 54 cents per share, compared with $15.4 million, or 48 cents per share a year earlier. The Tupelo-based bank’s operations for the quarter that ended June 30 reflect the acquisition of KeyWorth Bank in Georgia, which was completed on April 1, according to news release. Along ...

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Low sales prices drive Sanderson earnings down in second quarter

By JACK WEATHERLY Sanderson Farms’ earnings dipped to $47.6 million, or $2.11 per share, in the second fiscal quarter ending April 30, compared with $71.2 million, or $3.13 per share a year earlier. The Laurel-based poultry producer said in a release Thursday that earnings were hurt by sales prices – down by 11.4 percent per pound — though volume was up ...

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Cal-Maine earnings soar but stock takes a beating

  Jack Weatherly Jackson-based Cal-Maine Foods Inc., the largest producer of in-shell fresh eggs in the United States, had a terrific fiscal first quarter, thanks to the fact that eggs sold for 65.7 percent more than they did in the year-ago quarter. Why the price spike? In two words, avian flu, which forced the destruction of 48 million chickens and ...

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Entergy's earnings miss Wall Street's expectations

NEW ORLEANS — Entergy Corp. today reported third-quarter earnings of $230 million. The New Orleans-based company said it had profit of $1.27 per share. Earnings, adjusted for non-recurring costs, came to $1.68 per share. The results did not meet Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of $1.89 per share. The ...

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Renasant records highest quarterly earnings in 110-year history

TUPELO — Renasant Corporation saw net income for the third quarter of 2014 increase to $15,535,000, or basic and diluted earnings per share (EPS) of $0.49, as compared to $6,637,000, or basic and diluted EPS of $0.24, for the third quarter of 2013. The company’s balance sheet and results of operations as of and for the three months ending Sept. ...

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