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Tag Archives: earnings

Trustmark reports earnings up for third quarter

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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

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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

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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

Sanderson-Farms

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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BancorpSouth's efforts focused on remediating regulatory concerns

TUPELO — BancorpSouth Inc. saw its net income rise more than 15 percent to $28.8 million in the third quarter, as loans and insurance commission revenue increased. The company reports noninterest revenue was $69.3 million, up from $62.5 million for the year-ago period. Insurance commission revenue played a large role, rising from $23.8 million to $29.2 million. In the third ...

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Entergy expects drop in quarterly as-reported earnings compared to last year

NEW ORLEANS — Entergy Corporation expects third quarter 2014 as-reported earnings of approximately $1.26 per share and operational earnings of approximately $1.67 per share. Results for third quarter 2013 were $1.34 per share on an as-reported basis and $2.41 per share on an operational basis. The Utility posted another quarter-over-quarter of industrial sales growth, led by the Gulf region of ...

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State's personal income growth lags rest of nation

ACROSS MISSISSIPPI — Personal income growth in Mississippi accelerated in the second three months of 2014, but growth still trailed the nation. The measure expanded 1.4 percent on an annual basis, the federal Bureau of Economic Analysis said yesterday, ranking Mississippi 40th among states from April to June. That rose from 0.3 percent in the first quarter. Personal income nationwide ...

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