BANCORPSOUTH INC BXS Income Statement

Bancorpsouth inc (BXS)

Income statement / Yearly

Dec'16	Dec'15	Dec'14	Dec'13	Dec'12	Dec'11	Dec'10	Dec'09	Dec'08
INTEREST REVENUE:
Loans and leases
440,677	419,813	404,559	396,441	425,611	461,076	496,782	517,013	589,965
Deposits with other banks
1,070	438	532	1,694	1,711	701	355	131	684
Federal funds sold and securities purchased under agreement to resell
-	-	-	-	3	167	606	74	288
Taxable
-	-	-	-	-	13,080	36,278	46,957	58,679
Tax-exempt
-	-	-	-	-	5,638	10,409	8,852	8,112
Available-for-sale securities:
Taxable
25,191	26,308	27,755	33,286	39,408	43,989	32,033	35,026	35,813
Tax-exempt
11,625	13,075	14,462	15,547	16,658	10,983	3,275	3,396	4,205
Loans held for sale
4,616	4,744	2,949	2,539	3,033	2,219	3,024	3,965	7,667
Total interest revenue
483,179	464,378	450,257	449,507	486,424	537,853	582,762	615,414	705,413
INTEREST EXPENSE:
Deposits:
Interest bearing demand
9,246	8,820	7,851	9,645	16,111	22,646	35,187	40,047	60,333
Savings
1,826	1,703	1,614	1,705	2,697	3,211	3,576	3,700	5,280
Other time
14,162	14,837	20,675	29,729	39,797	61,709	83,999	101,308	148,591
Federal funds purchased and securities sold under agreement to repurchase
662	383	331	297	274	458	841	1,629	14,999
Long-term debt
3,082	2,285	2,463	1,803	1,446	3,459	6,545	11,597	22,458
Junior subordinated debt
747	667	659	7,376	11,502	11,451	11,461	11,630	12,469
Other
2	1	2	3	6	6	11	604	447
Total interest expense
29,727	28,696	33,595	50,558	71,833	102,940	141,620	170,515	264,577
Net interest revenue
453,452	435,682	416,662	398,949	414,591	434,913	441,142	444,899	440,836
Provision for credit losses
4,000	-13,000	-	7,500	28,000	130,081	204,016	117,324	56,176
Net interest revenue, after provision for credit losses
449,452	448,682	416,662	391,449	386,591	304,832	237,126	327,575	384,660
NONINTEREST REVENUE:
Mortgage banking
41,735	35,530	22,671	44,977	56,919	17,069	29,745	32,225	2,146
Credit card, debit card and merchant fees
37,010	36,533	35,303	33,005	31,705	42,373	37,663	34,244	33,743
Deposit service charges
43,301	46,765	50,622	52,905	56,877	66,670	70,690	72,864	77,091
Security gains, net
128	136	37	46	442	12,127	2,569	-55	-5,849
Insurance commissions
115,955	116,744	114,842	97,700	90,138	86,918	82,172	80,937	86,661
Wealth management
21,169	22,660	23,940	23,576	20,872	12,186	11,149	9,698	9,330
Other
19,732	19,600	21,731	22,857	23,196	33,502	30,156	45,363	42,485
Total noninterest revenue
279,030	277,968	269,146	275,066	280,149	270,845	264,144	275,276	245,607
NONINTEREST EXPENSE:
Salaries and employee benefits
328,217	322,469	307,828	306,696	304,624	282,880	271,688	278,734	271,556
Occupancy, net of rental income
41,088	41,866	41,345	41,109	42,140	42,362	43,008	42,108	39,846
Equipment
14,046	15,309	16,869	18,386	20,849	21,707	22,598	23,508	25,211
Deposit insurance assessments
9,915	9,509	8,190	11,755	16,478	21,316	19,259	19,672	2,852
Regulatory settlement
10,277	-	-	-	-	-	-	-	-
Voluntary early retirement expense
-	-	-	10,850	-	-	-	-	-
Write-off and amortization of bond issue cost
-	-	-	2,995	153	153	-	-	-
Prepayment penalty on FHLB borrowings
-	-	-	-	-	9,778	0	0	-
Other
128,495	150,758	144,174	143,058	164,949	155,437	130,480	125,995	116,448
Total noninterest expense
532,038	539,911	518,406	534,849	549,193	533,633	487,033	490,017	455,913
Income before income taxes
196,444	186,739	167,402	131,666	117,547	42,044	14,237	112,834	174,354
Income tax expense
63,716	59,248	50,652	37,551	33,252	4,475	-8,705	30,105	53,943
Net income
132,728	127,491	116,750	94,115	84,295	37,569	22,942	82,729	120,411
Earnings per share:
Basic (in dollars per share)
1.41	1.33	1.22	0.99	0.90	0.45	0.28	0.99	1.46
Diluted (in dollars per share)
1.41	1.33	1.21	0.99	0.90	0.45	0.27	0.99	1.45