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Tag Archives: Thomson Reuters

BancorpSouth back in the black but trouble with bad loans persists

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 big bump in mortgage earnings. ...

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Cal-Maine Foods posts profit, slim rise in revenue

JACKSON — Cal-Maine Foods Inc., the nation’s biggest egg seller and distributor, returned to profitability in its fiscal first-quarter. Cal-Maine said it took advantage of lower feed costs during the quarter, but cautioned that corn prices have climbed and will likely stay volatile in the coming year. The company said that the recent U.S. egg recall related to a salmonella ...

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