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BancorpSouth Announces Second Quarter 2021 Results

BancorpSouth Announces Second Quarter 2021 Results
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BancorpSouth Announces Second Quarter 2021 Results

BancorpSouth Announces Second Quarter 2021 Results
prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.

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BancorpSouth Announces First Quarter 2021 Results

BancorpSouth Announces First Quarter 2021 Results
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TUPELO, Miss., April 21, 2021 /PRNewswire/ BancorpSouth Bank (NYSE: BXS) (the Company ) today announced financial results for the quarter ended March 31, 2021.
Highlights for the first quarter of 2021 included:
Achieved record quarterly net income available to common shareholders of $79.2 million, or $0.77 per diluted common share, and record net operating income available to common shareholders – excluding MSR – of $74.8 million, or $0.73 per diluted common share.
Generated $99.1 million in pre-tax pre-provision net revenue (PPNR), or 1.64 percent of average assets on an annualized basis.
Credit quality indicators improved as evidenced by no recorded provision for credit losses for the quarter and a decline of $21.9 million, or 16.5 percent, in total non-performing assets. ....

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Bancorp South receives regulatory approval of its mergers with National United Bancshares, Inc. and FNS Bancshares, Inc.

BancorpSouth Bank (NYSE: BXS) (âBancorpSouthâ) announced it has received regulatory approval from the Federal Deposit Insurance Corporation to complete its proposed mergers with National United Bancshares, Inc., the parent company of National United, (collectively referred to as National United ), and with FNS Bancshares, Inc. (OTCQX: FNSB), the parent company of FNB Bank, (collectively referred to as FNS ).
The mergers are currently anticipated to close on May 1, 2021, subject to the satisfaction of customary closing conditions. As of Dec. 31, 2021, National United and FNS collectively reported total assets of $1.5 billion, total loans of $930 million and total deposits of $1.4 billion.
âWeâre pleased to receive regulatory approval for our mergers with National United and FNS,â said BancorpSouth Chairman and CEO Dan Rollins. âBoth companies are trusted financial institutions that have been serving their respective communities for more than ....

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BancorpSouth gets FDIC approval for National United, FNS Bancshares

BancorpSouth gets FDIC approval for National United, FNS Bancshares
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