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Tag Archives: banking

BancorpSouth posts record $234.3M profit for 2019

By DENNIS SEID / Daily Journal BancorpSouth Bank reported fourth-quarter net income of $65.8 million, or 63 cents per share. The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 60 cents per share. The bank posted revenue of $278.5 million in the period. Its revenue net of interest ...

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Renasant reports 2019 profit of $167.9 million

By DENNIS SEID / Daily Journal Renasant Corp.on Tuesday reported fourth-quarter net income of $38.7 million, or 67 cents per share. For the fourth quarter a year ago, the Tupelo-based bank had earnings of $44.4 million, or 76 cents per share. The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for ...

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Renasant’s Waycaster named to St. Louis Fed Reserve board

By DENNIS SEID / Daily Journal TUPELO – Mitch Waycaster, the president and CEO of Renasant Bank, has been elected to a three-year term on the board of the Federal Reserve Bank of St. Louis. The St. Louis Fed is a corporation chartered under the Federal Reserve Act and is governed by a board of directors, whose nine members provide ...

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Leake and Goodlett buildings being demolished; BNA Bank buys property

By DENNIS SEID / Daily Journal TUPELO • The buildings on the historic Leake and Goodlett property downtown in Tupelo are being demolished, making way for what will eventually be an office for BNA Bank. The New Albany-based bank purchased the Main Street property earlier this year for an undisclosed sum, but it has no immediate plans for it. BNA, ...

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The First Bancshares, Inc. and Southwest Georgia Financial Corporation announce merger agreement

The First Bancshares, Inc. (NASDAQ: FBMS) (“The First Bancshares” or “the Company”), holding company for The First, A National Banking Association (“The First”), and Southwest Georgia Financial Corporation (NYSEAMERICAN: SGB) (“SGB”), parent company of Southwest Georgia Bank, have announced the signing of an Agreement and Plan of Merger (the “Merger Agreement”) pursuant to which The First Bancshares has agreed to ...

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Stocks up with hopes that US-China trade deal still on track

Stocks climbed Wednesday and recouped some of their losses from prior days on hopes that a U.S. trade deal with China may be nearing, despite tough recent talk from President Donald Trump. The market has swung sharply for months on every hint of progress about talks between the world’s largest economies, and the latest flip-flop followed a report from Bloomberg ...

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Asian shares slip after US stock tumble amid trade tensions

Asian shares slipped Tuesday, following a drop on Wall Street amid pessimism over U.S.-China trade tensions. Japan’s benchmark Nikkei 225 lost 0.7% to 23,379.05. Australia’s S&P/ASX 200 slid 2.0% to 6,725.30. South Korea’s Kospi declined nearly 0.5% to 2,082.45. Hong Kong’s Hang Seng fell 0.1% to 26,415.70, while the Shanghai Composite was down 0.1% at 2,872.74. Technology companies led a ...

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For banks, data on your spending habits could be a gold mine

There’s a powerful new player watching what you buy so it can tailor product offerings for you: the bank behind your credit or debit card. For years, Google and Facebook have been showing ads based on your online behavior. Retailers from Amazon to Walgreens also regularly suction up your transaction history to steer future spending and hold your loyalty. Now banks, too, ...

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