Bancorpsouth inc (BXS)
CashFlow / Quarterly
Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10Mar'10
Operating Activities:
Net income

39,528

37,889

38,093

37,670

37,817

34,692

22,549

21,169

34,343

39,713

32,266

28,660

28,778

30,868

28,444

27,698

24,857

20,755

20,805

16,980

23,825

20,624

22,866

13,303

11,934

12,826

-494

15,846

11,260

-12,560

8,396

Adjustment to reconcile net income to net cash provided by operating activities:
Provision for credit losses

500

1,000

1,000

1,000

0

2,000

1,000

0

-3,000

-5,000

-5,000

-

-

-

-

0

500

3,000

4,000

6,000

6,000

6,000

10,000

19,250

25,112

32,240

53,479

43,293

54,850

62,354

43,519

Depreciation and amortization

6,573

6,523

6,485

6,606

6,417

6,299

6,307

6,374

6,503

6,690

6,721

6,936

6,767

6,996

6,573

6,670

6,558

6,603

6,713

7,384

6,796

6,708

6,832

6,940

7,161

7,313

7,476

7,493

7,365

7,358

7,547

Deferred taxes

-

-

-

-

-

-

-

-

-

-

-

-5,624

0

0

-1,939

6,360

0

0

-3,002

-

-

-

0

-3,863

-121

-122

-145

-9,176

-142

-404

-6,328

Amortization of intangibles

994

1,010

1,030

964

923

869

880

921

949

1,061

1,032

1,111

1,126

1,148

1,058

828

686

722

743

856

862

741

763

814

823

833

854

949

961

984

1,015

Amortization of debt securities premium and discount, net

-1,734

-1,740

-1,871

-2,309

-2,551

-2,549

-2,651

-3,104

-2,958

-3,171

-3,332

-3,168

-3,197

-3,325

-3,399

-3,548

-3,778

-3,965

-3,771

-3,628

-3,232

-3,742

-2,820

-2,897

-2,343

-12,123

-1,813

-1,499

-1,194

-3,686

1,268

Share-based compensation expense

2,535

2,951

1,501

241

2,177

2,579

2,100

-164

1,845

2,259

1,645

-279

391

602

487

-373

495

992

530

-477

839

962

562

758

640

668

617

943

202

331

567

Security gains, net

5

23

1,071

39

1

86

2

48

33

41

14

18

18

5

-4

29

-5

3

19

152

39

177

74

18

2,047

10,045

17

-470

2,327

-585

1,297

Net deferred loan origination expense

1,712

1,847

1,582

1,528

1,724

1,752

1,583

1,604

1,778

1,772

1,523

1,610

1,772

1,817

1,610

1,794

2,002

2,012

1,831

1,856

2,003

2,079

2,006

1,938

2,035

2,257

2,127

2,171

2,216

6,932

-2,371

Excess tax benefit from exercise of stock options

-

-

-

-

-

-

-

212

165

181

521

3,104

-32

-62

-1,154

207

-49

-7

-12

-

-

-

0

-62

4

4

4

-23

46

42

-21

Increase in interest receivable

3,738

-1,613

324

422

1,938

-1,756

500

-698

534

-1,868

948

-326

1,614

-1,969

516

-884

1,609

-3,271

340

-3,958

956

-2,650

-1,258

-2,072

-2,187

-5,580

80

-2,772

-65

-4,418

-371

Increase (decrease) in interest payable

567

150

134

-132

380

422

234

-282

-141

123

-29

-494

-32

-124

-786

-320

-74

-289

-621

-619

-402

-491

-992

-1,373

-1,331

-1,890

-1,098

-2,238

-934

-464

-1,616

Realized gain on mortgages sold

13,848

12,259

10,910

15,838

16,693

12,901

10,615

11,093

13,293

12,548

9,124

7,398

9,066

9,033

6,444

6,961

13,083

12,906

16,354

19,084

21,337

15,814

11,879

12,420

10,323

6,739

7,486

11,218

12,369

13,541

-2,041

Proceeds from mortgages sold

402,762

373,712

304,077

448,983

503,853

416,022

329,730

334,565

447,088

417,863

269,213

132,716

284,453

339,612

157,303

229,323

389,729

442,048

469,489

570,973

611,173

460,148

376,931

423,132

356,512

239,035

244,030

493,292

474,489

285,624

208,825

Origination of mortgages held for sale

342,404

385,896

287,790

395,850

478,180

462,577

315,374

309,978

402,164

417,154

311,115

126,839

305,730

341,626

146,494

222,282

341,854

434,965

425,882

549,392

607,887

444,051

395,149

389,643

374,823

245,286

202,796

451,907

490,318

705,381

-207,400

(Increase) decrease in prepaid pension asset

-

-

-

-

-

-

-

-

-

-

-

-22,019

-1,415

-1,414

-1,415

18,880

-1,442

-12,292

-1,441

-13,394

-814

-2,122

-465

-25,429

187

93

93

-2,359

784

-416

395

Loss on other real estate owned, net

-165

-328

-632

5,208

-525

-886

-843

8,659

-322

-1,240

-1,394

25,030

-4,898

-3,290

-2,297

12,710

-2,140

-2,040

-1,145

50,619

-7,045

-7,640

-5,762

-

-

-

-

-

-

-

-

Increase in bank-owned life insurance

2,700

1,710

1,669

-13,066

1,775

1,813

1,893

-12,948

9,140

-1,836

-1,813

-3,249

-1,866

-1,885

-1,848

-2,465

-1,954

-2,008

-1,887

-4,361

-1,178

77

-2,612

-3,782

-917

-2,040

-924

-10,982

1,631

4,310

-1,252

Decrease in prepaid deposit insurance assessments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-2,101

-3,798

-5,187

-5,475

-3,573

-6,153

-4,887

-5,379

-4,230

-11,520

3,830

Other, net

6,112

-20,895

22,121

-43,170

-796

13,561

2,700

-6,131

1,583

5,796

7,153

-18,196

4,340

5,996

11,356

19,769

20,679

-13,883

-18,781

-2,179

9,186

3,366

-5,175

-14,690

18,630

16,991

-18,026

-26,360

35,185

-28,985

2,072

Net cash provided by (used in) operating activities

97,063

4,286

73,598

48,427

53,536

2,506

39,027

26,744

72,641

41,252

-7,331

32,185

15,299

40,792

53,853

43,829

90,342

29,629

39,932

51,061

38,071

55,966

15,559

93,837

37,127

65,286

79,866

69,644

79,034

20,583

54,737

Investing activities:
Proceeds from calls and maturities of held-to-maturity securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

46,885

88,896

246,097

63,861

183,715

106,558

Proceeds from calls and maturities of available-for-sale securities

165,672

143,266

116,781

103,976

91,170

102,458

121,593

139,088

125,501

75,289

75,917

158,245

150,977

129,836

145,202

176,102

161,119

103,548

144,157

134,294

119,829

135,251

131,578

131,528

124,453

108,548

22,576

20,369

74,577

-75,933

142,641

Purchases of held-to-maturity securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

7,556

143,549

501,235

274,621

111,005

293,816

Proceeds from sales of available-for-sale securities

0

0

1,071

-

-

-

-

0

0

0

1,110

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchases of available-for-sale securities

112,448

25,996

128,364

200,335

461,351

186,153

43,316

79,328

33,497

142,596

118,760

92,080

35,332

29,503

95,552

101,229

95,603

184,474

337,126

81,914

125,189

59,098

164,618

168,478

126,702

41,740

77,349

218,195

68,729

80,177

77,220

Net decrease in short-term investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-175,000

250,000

36,004

-36,004

Net increase in loans and leases

38,840

221,523

-10,073

155,339

83,499

137,615

72,647

159,704

213,864

273,907

16,098

204,548

203,766

278,406

117,138

191,712

109,509

105,475

-45,313

-25,832

-35,333

11,227

-100,287

-67,754

-126,148

46,198

-66,339

-

-

-

-

Purchases of premises and equipment

11,342

8,245

7,463

7,454

5,865

6,119

5,653

10,276

7,307

5,434

7,384

4,526

3,780

3,207

5,698

7,382

7,824

5,847

4,406

5,865

7,453

5,437

5,925

7,447

2,508

6,067

4,453

4,783

6,965

4,294

3,567

Proceeds from sale of premises and equipment

103

117

68

679

413

309

640

0

410

-132

271

191

117

109

110

37

-134

216

2,965

73

95

62

906

543

127

1,676

17

28

385

31

42

Proceeds from death benefits from COLI

-3,567

0

-1,799

-

-

-

-

-

0

0

-2,742

-

0

0

-1,206

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Acquisition of Insurance Agency

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

1,200

0

0

0

0

Proceeds from sale of other real estate owned

2,601

2,312

986

3,367

4,133

3,657

2,562

7,690

1,565

4,077

7,391

6,898

11,018

9,191

8,157

12,858

18,443

15,321

7,853

23,631

14,466

24,589

10,974

-

-

-

-

-

-

-

-

Other, net

140

119

97

69

37

21

29

13

0

6

6

8

0

6

6

-

-

-

-

0

7

8

8

9

11

15

16

15

13

40

0

Net cash provided by (used in) investing activities

9,173

-110,188

-5,146

-262,166

-455,036

-227,185

3,150

-102,286

-127,192

-342,709

-54,817

-137,828

-80,766

-177,046

-63,719

-128,677

-33,394

-176,717

-141,244

67,935

36,526

87,492

73,194

90,041

215,257

385,590

-48,739

-200,967

-347,680

11,154

-89,358

Financing activities:
Net increase in deposits

-162,308

-104,549

354,704

98,082

225,692

-122,330

155,536

189,215

6,985

-117,693

280,315

270,802

31,123

-141,376

37,954

55,890

-243,672

-203,308

76,780

113,505

18,305

-125,986

127,133

-108,044

-245,230

-155,651

-25,907

293,157

-23,777

226,480

316,459

Net decrease in short-term debt and other liabilities

81,229

-3,017

-78,170

77,033

53,020

-15,145

-36,852

-181,770

181,218

82,147

-5,341

-43,265

36,978

-61,861

35,271

2,403

35,747

29,125

-60,872

36,933

14,182

-39,103

27,153

-75,571

22,698

2,300

-18,826

-210,596

168,564

44,308

-305,075

Advances of long-term debt

-

-

-

-

-

-

-

-

-

-

-

0

0

0

8,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayment of long-term debt

-

-

92,000

33,495

2,093

2,093

2,094

2,093

2,094

2,093

2,093

2,094

2,093

0

3,879

-

-

-

-

-

-

-

-

-

-

-

-

0

11

11

11

Redemption of Junior Subordinated Debt

0

0

12,888

-

-

-

-

-

-

-

-

-

0

0

8,248

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Issuance of common stock

16

435

429

894

1,672

199

8

4,370

903

4,343

825

1,962

160

517

8,944

453

234

24

201

1,496

55

1

108,677

-90

0

110

0

-114

0

333

201

Repurchase of common stock

20,385

40,955

50,399

9,999

13,191

104

867

-1

68,151

0

2,288

36

0

91

584

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Excess tax (benefit) expense from exercise of stock options

-

-

-

-

-

-

-

212

165

181

521

3,104

-32

-62

-1,154

207

-49

-7

-12

-

-

-

0

-62

4

4

4

-23

46

0

21

Payment of cash dividends

12,657

11,378

11,671

11,711

11,727

9,448

9,424

9,415

9,463

7,255

7,235

7,214

7,180

4,838

4,751

4,761

4,732

944

946

945

945

944

944

836

835

835

9,183

18,364

18,366

18,366

18,361

Net cash provided by financing activities

-114,105

-67,464

110,005

111,978

453,373

151,079

106,307

520

109,563

-40,370

264,704

223,259

58,956

-207,711

71,553

52,406

-291,338

-175,110

15,151

150,882

31,597

-166,032

262,019

-184,660

-223,363

-229,072

-53,912

64,060

126,456

252,744

-6,766

Increase in cash and cash equivalents

-7,869

-173,366

178,457

-101,761

51,873

-73,600

148,484

-75,022

55,012

-341,827

202,556

117,616

-6,511

-343,965

61,687

-32,442

-234,390

-322,198

-86,161

269,878

106,194

-22,574

350,772

-782

29,021

221,804

-22,785

-67,263

-142,190

284,481

-41,387

Supplemental Cash Flow Information
Income tax (refunds) payments, net

16,401

45,647

-680

-

13,593

17,304

6,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest paid

9,999

9,319

8,090

-

7,370

7,071

6,193

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Transfers of loans to other real estate owned

1,018

1,889

2,266

-

1,392

6,515

1,359

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

MSR fair value adjustment

36

-1,618

911

-

1,813

-4,092

-7,954

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Financed sales of other real estate owned

0

1,262

180

-

132

381

160

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Transfers of loans held for sale to loan portfolio

0

590

52

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-