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Tag Archives: earnings

The First accounts for merger, net income down nearly 25 percent

HATTIESBURG — The First Bancshares Inc. reports net income available to common stockholders for the three months ended June 30 amounted to $706,000, or $.18 per diluted share, compared to $931,000, or $.30 per diluted share for the same quarter in 2012, a decrease of $225,000 or 24.2 percent. Net income available to common shareholders exclusive of merger related costs ...

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Trustmark gets earnings boost from BancTrust takeover

JACKSON — Regional bank Trustmark Corp. says profit in 2013’s second quarter rose 6 percent from the same three months of 2012, fueled by gains from its takeover of the former BancTrust Financial Group. Trustmark posted quarterly profit of $31.1 million or 46 cents per share yesterday. That’s up from $29.3 million or 45 cents per share in 2012’s second ...

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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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EastGroup Properties sees quaterly earnings decrease

JACKSON — EastGroup Properties reported strong results for the second quarter, but profit fell from a year earlier, when the company recorded a large gain selling real estate. The industrial landlord said yesterday that quarterly profit fell 4 percent to $7.6 million, or 25 cents per share, in the three months that ended June 30. That’s down from $8 million, ...

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Renasant sees quarterly earnings jump

TUPELO — Regional bank Renasant Corp.’s profit rose 26 percent in 2013’s second quarter from the same three months of 2012, as it set aside less for bad loans and increased interest earnings. Renasant said today it posted quarterly profit of $8.02 million, or 32 cents per share, up from $6.35 million or 25 cents per share in 2012’s second ...

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Entergy Corp. gives earnings guidance for second quarter

NEW ORLEANS — Entergy Corporation expects second quarter 2013 as-reported earnings of approximately $0.91 per share and operational earnings of approximately $1.00 per share. Results for second quarter 2012 were $2.06 per share on an as-reported basis and $2.11 per share on an operational basis. Entergy also affirmed previously issued operational earnings guidance for 2013. Special items were recorded for ...

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Sanderson outperforms Wall Street forecast

LAUREL — Sanderson Farms Inc. said today that its fiscal second-quarter net income rose 2 percent thanks to higher demand for poultry products. Its performance topped Wall Street’s view. Shares climbed in premarket trading. The poultry company earned $24.4 million, or $1.06 per share, for the three months ended April 30. That’s up from $23.9 million, or $1.04 per share, ...

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Bank cooperative sees huge jump in net income

AUSTIN, Texas — Farm Credit Bank of Texas (FCBT) reports net income for the quarter ended March 31, 2013, totaled $53.8 million, a 57 percent increase from the same period of 2012. The increase was due largely to a $6.4 million increase in noninterest income, combined with a $13.7 million decrease in provision for loan losses. Return on average shareholders’ ...

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Hancock sees greatly improved numbers, but still posts losses

BALDWYN — Hancock Fabrics Inc. is reporting improved financial results for its fourth quarter ended Jan. 26 and full fifty-two weeks of fiscal 2012. For the quarter, net sales increased to $81.7 million, compared to $81.4 million for the fourth quarter of last year. Comparable store sales for the quarter increased 1.4 percent on top of a 4.5 percent increase ...

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Southern's earnings impacted by increased Kemper plant cost

ATLANTA — Southern Company, the parent of Mississippi Power Co., reports first quarter 2013 earnings of $81 million, or 9 cents a share, compared with earnings of $368 million, or 42 cents a share, in the first quarter of 2012. The first quarter results include two charges against earnings – a $333-million (38 cents per share) after-tax charge related to ...

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