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. ...Read More »
Tag Archives: BancorpSouth Inc.
Officials at BancorpSouth Inc. announced that BancorpSouth Insurance Services president Markham McKnight has been re-elected as treasurer of the Louisiana Insurance Guaranty Association board. McKnight brings 28 years of experience to his position. In addition to his role as president of BancorpSouth Insurance Services, McKnight also leads Wright and Percy Insurance, a division of BancorpSouth Insurance Services Inc.Read More »
BancorpSouth Inc. announced that Jeff Jaggers, senior vice president, operations administration, has been elected to serve as the treasurer/secretary for the Electronic Check Clearing House Organization (ECCHO). In addition to his two-year term, he will also serve on the Executive Committee of the board. Jaggers is a graduate of the University of Mississippi with a degree in business administration and ...Read More »
BancorpSouth Inc. announced that Chris Boone, executive vice president and chief marketing officer of BancorpSouth Insurance Services Inc., was recently inducted into the Mississippi State University (MSU) Insurance Hall of Fame. Now residing in Madison, Boone is a 1986 graduate of MSU and joined BancorpSouth Insurance Services in 1992 as a commercial insurance producer at Stewart Sneed Hewes in Gulfport, ...Read More »
Tupelo — During the second quarter of 2009, BancorpSouth Inc. recorded net income of $33.9 million, or $0.41 per diluted share, compared to $40.1 million, or $0.49 per diluted share, for the second quarter of 2008. The financial institution also reported growth of net loans and leases by 3 percent from the second quarter of 2008, non-performing loans of 1.00 ...Read More »