BancorpSouth Bank provides commercial banking and financial services to individuals and small-to-medium size businesses. The company operates through Banking Services Group, Mortgage, Insurance Agencies, Wealth Management, and General Corporate and Other segments. It accepts various deposit products, including interest and noninterest bearing demand deposits, and saving and other time deposits. The company also provides commercial loans, including term loans, lines of credit, equipment and receivable financing, and agricultural loans; a range of short-to-medium term secured and unsecured commercial loans to businesses for working capital, business expansion, and the purchase of equipment and machinery; and construction loans to real estate developers for the acquisition, development, and construction of residential subdivisions. In addition, it offers fixed and adjustable rate residential mortgage loans secured by owner-occupied property; construction loans; second mortgage loans; and home equity lines of credit, as well as non-residential consumer loans that consist of automobile, recreation vehicle, boat, personal, and deposit account secured loans, as well as issues credit cards. Further, the company operates as an agent for the sale of commercial lines of insurance; and offers a line of property and casualty, life, health, and employee benefits products and services. Additionally, it provides credit related products, trust and investment management, asset management, retirement and savings solutions, and estate planning and annuity products. As of March 4, 2021, the company operated through 305 full-service branch locations, as well mortgage, insurance, and loan production offices in Alabama, Arkansas, Florida, Louisiana, Mississippi, Missouri, Tennessee, and Texas; and an insurance location in Illinois. The company was formerly known as BancorpSouth, Inc. and changed its name to BancorpSouth Bank in October 2017. BancorpSouth Bank was founded in 1876 and is headquartered in Tupelo, Mississippi.
IPO Year: n/a
Exchange: NYSE
Website: bancorpsouth.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/27/2021 | $33.00 → $37.00 | Mkt Perform → Outperform | Keefe Bruyette |
| 8/31/2021 | $36.00 | Outperform → Strong Buy | Raymond James |
SC 13G/A - BancorpSouth Bank (0001299939) (Subject)
13F-HR - BancorpSouth Bank (0001299939) (Filer)
13F-HR - BancorpSouth Bank (0001299939) (Filer)
13F-HR - BancorpSouth Bank (0001299939) (Filer)
13F-HR - BancorpSouth Bank (0001299939) (Filer)
TUPELO, Miss. and HOUSTON, Oct. 29, 2021 /PRNewswire/ -- Cadence Bank (NYSE:CADE) today announced the successful closing of its previously announced merger in which legacy Cadence Bancorporation merged into BancorpSouth Bank, with BancorpSouth as the surviving company. Upon the completion of the merger, BancorpSouth was renamed Cadence Bank, and its stock will trade on the New York Stock Exchange under the symbol "CADE" beginning today. Through this transaction, Cadence is the sixth-largest bank headquartered in its nine-state footprint with $48 billion in assets, and a presence in eight of the top 10 largest metropolitan statistical areas therein. "With the completion of our merger, we're p
TUPELO, Miss., Oct. 27, 2021 /PRNewswire/ -- At its regular quarterly meeting today, the Board of Directors of BancorpSouth Bank (NYSE:BXS) (the company) declared a quarterly cash dividend of $0.20 per share of common stock. The common stock dividend is payable on January 3, 2022, to shareholders of record at the close of business on December 15, 2021. Subject to the satisfaction of customary closing conditions, the company expects to complete its pending merger with Cadence Bancorporation, the parent company of Cadence Bank N.A., effective October 29, 2021. Accordingly, legacy Cadence shareholders, who receive shares of company common stock in the merger and continue to hold such shares
NEW YORK, Oct. 25, 2021 /PRNewswire/ -- Avid Bioservices Inc. (NASD: CDMO) will replace Cadence Bancorporation (NYSE:CADE) in the S&P SmallCap 600 effective prior to the opening of trading on Friday, October 29. S&P MidCap 400 constituent BancorpSouth Bank (NYSE:BXS) is acquiring Cadence Bancorporation in a deal expected to close on or about that date pending final conditions. Following is a summary of the changes that will take place prior to the open of trading on the effective date: Effective Date Index Name Action Company Name Ticker GICS Sector October 29, 2021 S&P SmallCap 600 Addition Avid Bioservices CDMO Health Care S&P SmallCap 600 Deletion Cadence Bancorporation CADE Financ
TUPELO, Miss., Oct. 25, 2021 /PRNewswire/ -- BancorpSouth Bank (NYSE:BXS) (the Company) today announced financial results for the quarter ended September 30, 2021. Highlights for the third quarter of 2021 included: Achieved quarterly net income available to common shareholders of $70.4 million, or $0.65 per diluted common share, and net operating income available to common shareholders – excluding MSR – of $73.3 million, or $0.68 per diluted common share. Generated $90.1 million in pre-tax pre-provision net revenue (PPNR), or 1.29 percent of average assets on an annualized basis. Generated organic total deposit and customer repo growth of $722.2 million for the quarter, or 12.2 percent on an
TUPELO, Miss. and HOUSTON, Texas, Oct. 15, 2021 /PRNewswire/ -- BancorpSouth Bank (NYSE:BXS) ("BancorpSouth") and Cadence Bancorporation (NYSE:CADE) ("Cadence"), the parent company of Cadence Bank, N.A., announced their proposed merger has received final Federal Deposit Insurance Corporation ("FDIC") approval. The FDIC approval follows recent approvals from the Mississippi Department of Banking and Consumer Finance and from shareholders of both companies. The merger, originally announced on April 12, 2021, is scheduled to close at 11:59 pm CDT on October 31, 2021, subject to the satisfaction of customary closing conditions. Upon closing, the merger will create the sixth-largest bank headquar
The First, A National Banking Association ("The First"), headquartered in Hattiesburg, Mississippi and subsidiary of The First Bancshares, Inc. (NASDAQ:FBMS) has entered into a definitive purchase agreement to acquire seven Cadence Bank, N.A. branches in Northeast Mississippi. Cadence Bank, N.A. is a subsidiary of Cadence Bancorporation (NYSE:CADE). This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210902005796/en/ The divestiture of these branches is a result of the joint Letter of Agreement ("LOA") entered into between BancorpSouth Bank (NYSE:BXS) and Cadence with the United States Department of Justice's Antitrust Division ("DOJ"
TUPELO, Miss., Aug. 25, 2021 /PRNewswire/ -- Operation HOPE and BancorpSouth Bank (NYSE:BXS) are continuing their partnership with six additional HOPE Inside locations and the bank's investment of nearly $1.5 million over the next two years. HOPE Inside serves adults, youth, disaster survivors, and its partners' employees with financial dignity programming and coaching to equip them with the financial knowledge and tools to create a secure future. Headquartered in Tupelo, Mississippi, BancorpSouth has a longstanding commitment to financial literacy and inclusion. Because of its shared values with Operation HOPE and its support of HOPE Inside, underserved communities will receive financial ed
Cadence Bancorporation (NYSE:CADE) today announced that, during a special meeting ("Special Meeting") of its shareholders held today, CADE shareholders voted to approve the previously announced merger agreement (the "Merger Agreement") entered into between the Company and BancorpSouth Bank (NYSE:BXS), under which the companies will combine in an all-stock merger with a total market value of more than $6 billion. The board of directors of both companies have previously approved the Merger Agreement. Of the shares of the Company's common stock issued and outstanding as of close of business on July 6, 2021, the record date for the Special Meeting, 104 million shares voted in favor of the Merg
TUPELO, Miss., Aug. 9, 2021 /PRNewswire/ -- BancorpSouth Bank (NYSE:BXS) shareholders today voted to approve its merger with Cadence Bancorporation (NYSE:CADE), the parent company of Cadence Bank, N.A, during a special meeting of its shareholders. This is a critical step toward completing the previously announced merger, pursuant to which the companies will combine in an all-stock merger to create a company with a total market value of more than $6 billion and create a premier regional banking franchise across Texas and the Southeast. Both companies' boards of directors have previously approved the merger. The merger remains subject to the receipt of certain regulatory approvals and the s
TUPELO, Miss., July 28, 2021 /PRNewswire/ -- At its regular quarterly meeting today, the Board of Directors of BancorpSouth Bank (NYSE:BXS) declared a quarterly cash dividend of $0.20 per share of common stock, which represents an increase of $0.01 per common share, or 5.3 percent, compared to its most recent dividend paid on July 1, 2021. The common stock dividend is payable on October 1, 2021, to shareholders of record at the close of business on September 15, 2021. The Board of Directors also declared a quarterly cash dividend of $0.34375 per share of Series A Preferred Stock. The preferred stock dividend is payable on August 20, 2021, to shareholders of record at the close of busines
Keefe Bruyette upgraded BancorpSouth from Mkt Perform to Outperform and set a new price target of $37.00 from $33.00 previously
Raymond James upgraded BancorpSouth Bank from Outperform to Strong Buy and set a new price target of $36.00
DA Davidson upgraded BancorpSouth from Neutral to Buy and set a new price target of $34.00
Raymond James upgraded BancorpSouth Bank from Market Perform to Outperform and set a new price target of $36.00
Hovde Group upgraded BancorpSouth from Market Perform to Outperform and set a new price target of $36.00
TUPELO, Miss., Oct. 27, 2021 /PRNewswire/ -- At its regular quarterly meeting today, the Board of Directors of BancorpSouth Bank (NYSE:BXS) (the company) declared a quarterly cash dividend of $0.20 per share of common stock. The common stock dividend is payable on January 3, 2022, to shareholders of record at the close of business on December 15, 2021. Subject to the satisfaction of customary closing conditions, the company expects to complete its pending merger with Cadence Bancorporation, the parent company of Cadence Bank N.A., effective October 29, 2021. Accordingly, legacy Cadence shareholders, who receive shares of company common stock in the merger and continue to hold such shares
TUPELO, Miss., Oct. 25, 2021 /PRNewswire/ -- BancorpSouth Bank (NYSE:BXS) (the Company) today announced financial results for the quarter ended September 30, 2021. Highlights for the third quarter of 2021 included: Achieved quarterly net income available to common shareholders of $70.4 million, or $0.65 per diluted common share, and net operating income available to common shareholders – excluding MSR – of $73.3 million, or $0.68 per diluted common share. Generated $90.1 million in pre-tax pre-provision net revenue (PPNR), or 1.29 percent of average assets on an annualized basis. Generated organic total deposit and customer repo growth of $722.2 million for the quarter, or 12.2 percent on an
TUPELO, Miss. and HOUSTON, Texas, Oct. 15, 2021 /PRNewswire/ -- BancorpSouth Bank (NYSE:BXS) ("BancorpSouth") and Cadence Bancorporation (NYSE:CADE) ("Cadence"), the parent company of Cadence Bank, N.A., announced their proposed merger has received final Federal Deposit Insurance Corporation ("FDIC") approval. The FDIC approval follows recent approvals from the Mississippi Department of Banking and Consumer Finance and from shareholders of both companies. The merger, originally announced on April 12, 2021, is scheduled to close at 11:59 pm CDT on October 31, 2021, subject to the satisfaction of customary closing conditions. Upon closing, the merger will create the sixth-largest bank headquar
TUPELO, Miss., July 28, 2021 /PRNewswire/ -- At its regular quarterly meeting today, the Board of Directors of BancorpSouth Bank (NYSE:BXS) declared a quarterly cash dividend of $0.20 per share of common stock, which represents an increase of $0.01 per common share, or 5.3 percent, compared to its most recent dividend paid on July 1, 2021. The common stock dividend is payable on October 1, 2021, to shareholders of record at the close of business on September 15, 2021. The Board of Directors also declared a quarterly cash dividend of $0.34375 per share of Series A Preferred Stock. The preferred stock dividend is payable on August 20, 2021, to shareholders of record at the close of busines
TUPELO, Miss., July 21, 2021 /PRNewswire/ -- BancorpSouth Bank (NYSE:BXS) (the "Company") today announced financial results for the quarter ended June 30, 2021. Highlights for the second quarter of 2021 included: Achieved quarterly net income available to common shareholders of $73.2 million, or $0.69 per diluted common share, and record net operating income available to common shareholders – excluding MSR – of $90.6 million, or $0.86 per diluted common share. Generated $119.9 million in pre-tax pre-provision net revenue (PPNR), or 1.80 percent of average assets on an annualized basis. Credit quality indicators continued to improve as evidenced by a decline of $8.9 million, or 8.1 percent, i
TUPELO, Miss., April 28, 2021 /PRNewswire/ -- At its regular quarterly meeting today, the Board of Directors of BancorpSouth Bank (NYSE:BXS) declared a quarterly cash dividend of $0.19 per share of common stock. The common stock dividend is payable on July 1, 2021, to shareholders of record at the close of business on June 15, 2021. The Board of Directors also declared a quarterly cash dividend of $0.34375 per share of Series A Preferred Stock. The preferred stock dividend is payable on May 20, 2021, to shareholders of record at the close of business on May 5, 2021. BancorpSouth earlier reported financial results for the first quarter of 2021. Net income available to common shareholders
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 q
TUPELO, Miss. and HOUSTON, April 12, 2021 /PRNewswire/ -- BancorpSouth Bank (NYSE:BXS) ("BancorpSouth") and Cadence Bancorporation (NYSE:CADE) ("Cadence"), the parent company of Cadence Bank, N.A., jointly announced today that they have entered into a merger agreement under which the companies will combine in an all-stock merger with a total market value of more than $6 billion to create a leading Texas and Southeastern regional bank. Under the terms of the merger agreement, which was unanimously approved by the Boards of Directors of both companies, Cadence shareholders will
TUPELO, Miss., Jan. 27, 2021 /PRNewswire/ -- At its regular quarterly meeting today, the Board of Directors of BancorpSouth Bank (NYSE: BXS) declared a quarterly cash dividend of $0.19 per share of common stock. The common stock dividend is payable on April 1, 2021, to shareholders of record at the close of business on March 15, 2021. The Board of Directors also declared a quarterly cash dividend of $0.34375 per share of Series A Preferred Stock. The preferred stock dividend is payable on February 22, 2021, to shareholders of record at the close of business on February 5, 2021. BancorpSouth earlier reported financial results for the fourth quarter of 2020. Net income available to comm
TUPELO, Miss., Jan. 25, 2021 /PRNewswire/ -- BancorpSouth Bank (NYSE: BXS) (the "Company") today announced financial results for the quarter and year ended December 31, 2020. Annual highlights for 2020 included: Achieved net income available to common shareholders of $218.6 million, or $2.12 per diluted common share, and net operating income available to common shareholders – excluding mortgage servicing rights ("MSR") – of $237.3 million, or $2.30 per diluted common share. Recorded provision for credit losses of $86.0 million associated primarily with economic deterioration associated with the COVID-19 pandemic while net charge-offs totaled 0.18 percent of average loans and leases, 0.1