BANCORPSOUTH INC BXS Income Statement

Bancorpsouth inc (BXS)

Income statement / Quarterly

Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Sep'09	Jun'09
INTEREST REVENUE:
Loans and leases
119,599	115,286	111,498	112,189	111,605	109,078	107,805	107,164	107,086	103,428	102,135	103,172	102,681	99,962	98,744	99,989	98,836	98,524	99,092	102,925	105,937	107,737	109,012	112,566	114,260	116,892	117,358	121,672	123,533	124,621	126,956	129,455	129,263
Deposits with other banks
214	256	485	169	409	229	263	40	36	126	236	101	68	87	276	299	310	483	602	529	399	382	401	252	203	124	122	222	79	33	21	20	22
Federal funds sold and securities purchased under agreement to resell
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2	1	-	1	0	35	131	168	213	143	82	27	3
Taxable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	5,066	8,014	8,490	9,010	9,363	9,415	11,690	12,108
Tax-exempt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	2,291	3,347	2,952	2,584	2,412	2,461	2,193	2,155
Available-for-sale securities:
Taxable
7,378	7,509	7,350	7,105	6,189	6,009	5,888	6,550	6,490	6,424	6,844	6,429	6,646	7,133	7,547	7,963	8,218	8,405	8,700	8,729	9,329	10,188	11,162	11,781	13,172	10,451	8,585	7,836	7,782	8,030	8,385	8,592	8,721
Tax-exempt
2,514	2,562	2,581	2,771	2,898	2,924	3,032	3,137	3,226	3,335	3,377	3,471	3,607	3,669	3,715	3,810	3,866	3,911	3,960	4,083	4,109	4,210	4,256	4,158	4,130	1,871	824	815	795	833	832	812	826
Loans held for sale
1,229	1,242	1,012	1,210	1,239	1,183	984	1,159	1,363	1,317	905	1,064	920	648	317	449	731	686	673	829	974	686	544	635	632	505	447	902	889	727	506	698	1,215
Total interest revenue
130,934	126,855	122,926	123,444	122,340	119,423	117,972	118,050	118,201	114,630	113,497	114,237	113,922	111,499	110,599	112,510	111,961	112,009	113,027	117,095	120,750	123,204	125,375	129,393	132,397	137,235	138,828	143,057	144,885	146,162	148,658	153,487	154,313
INTEREST EXPENSE:
Deposits:
Interest bearing demand
3,482	3,204	2,786	2,514	2,361	2,208	2,163	2,166	2,209	2,262	2,183	2,070	1,956	1,905	1,920	2,036	2,061	2,423	3,125	3,588	3,889	4,185	4,449	4,737	5,324	6,039	6,546	7,462	8,582	9,751	9,392	9,038	9,738
Savings
494	483	472	470	462	451	443	434	431	426	412	411	410	402	391	387	383	422	513	606	686	691	714	747	828	810	826	891	881	915	889	937	927
Other time
3,819	3,725	3,582	3,711	3,661	3,436	3,354	3,357	3,646	3,827	4,007	4,453	5,083	5,249	5,890	6,746	7,271	7,671	8,041	8,749	9,482	10,275	11,291	13,104	14,837	16,285	17,483	19,827	21,108	21,535	21,529	25,534	26,496
Federal funds purchased and securities sold under agreement to repurchase
754	509	322	190	173	159	140	112	104	85	82	89	84	80	78	84	80	70	63	72	73	66	63	76	95	135	152	189	209	215	228	331	421
Long-term debt
1,824	1,456	1,142	985	902	665	530	581	571	556	577	603	612	619	629	605	501	349	348	349	364	366	367	367	375	1,194	1,523	1,569	1,543	1,553	1,880	2,877	2,885
Junior subordinated debt
0	0	9	187	190	187	183	171	168	165	163	165	164	162	168	235	1,424	2,860	2,857	2,869	2,875	2,879	2,879	2,871	2,861	2,860	2,859	2,864	2,880	2,862	2,855	2,884	2,928
Other
0	0	-2	-	-1	-1	-	-	-2	-	-	-	-	1	-	6	-6	1	2	1	2	1	2	2	2	0	2	2	4	2	3	150	-22
Total interest expense
10,373	9,377	8,315	8,057	7,750	7,107	6,813	6,820	7,131	7,321	7,424	7,792	8,309	8,418	9,076	10,093	11,720	13,796	14,949	16,234	17,371	18,463	19,765	21,904	24,322	27,323	29,391	32,804	35,207	36,833	36,776	41,751	43,373
Net interest revenue
120,561	117,478	114,611	115,387	114,590	112,316	111,159	111,230	111,070	107,309	106,073	106,445	105,613	103,081	101,523	102,417	100,241	98,213	98,078	100,861	103,379	104,741	105,610	107,489	108,075	109,912	109,437	110,253	109,678	109,329	111,882	111,736	110,940
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	22,514	17,594
Net interest revenue, after provision for credit losses
120,061	116,478	113,611	114,387	114,590	110,316	110,159	111,230	114,070	112,309	111,073	106,445	105,613	103,081	101,523	102,417	99,741	95,213	94,078	94,861	97,379	98,741	95,610	88,239	82,963	77,672	55,958	66,960	54,828	46,975	68,363	89,222	93,346
NONINTEREST REVENUE:
Mortgage banking
6,909	6,134	8,990	20,932	11,087	7,886	1,830	10,522	2,339	14,102	8,567	3,250	6,938	9,089	3,394	9,605	5,134	17,892	12,346	17,188	13,549	11,040	15,142	8,928	-1,443	2,003	7,581	18,126	8,898	-2,304	5,025	2,012	13,959
Credit card, debit card and merchant fees
9,346	9,565	8,903	9,262	9,292	9,495	8,961	9,414	9,282	9,298	8,539	9,921	8,972	8,567	7,843	8,324	8,834	8,324	7,523	8,125	8,270	7,787	7,523	7,783	12,981	11,263	10,346	9,951	9,569	9,333	8,810	8,902	9,111
Deposit service charges
10,388	9,706	9,689	9,956	11,313	11,018	11,014	11,836	12,150	11,527	11,252	12,538	13,111	12,437	12,536	13,570	13,679	12,824	12,832	13,875	14,189	13,697	15,116	17,412	17,334	16,556	15,368	16,854	18,621	18,953	16,262	19,049	18,371
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	0	42
Insurance commissions
28,616	31,126	32,940	25,709	28,194	28,803	33,249	25,348	28,584	29,319	33,493	25,376	29,246	28,621	31,599	21,397	23,800	25,862	26,641	20,502	23,519	22,964	23,153	19,416	22,012	22,941	22,549	18,013	20,825	21,666	21,668	20,134	20,575
Wealth management
5,386	5,275	5,174	5,401	5,312	5,347	5,109	5,375	5,567	5,508	6,210	6,031	6,064	5,929	5,916	8,507	6,057	5,802	3,210	12,350	3,101	3,139	2,282	3,348	2,854	2,850	3,134	3,072	2,783	2,707	2,587	2,435	2,040
Other
5,310	6,301	4,102	4,805	4,474	5,891	4,562	4,843	4,998	4,519	5,240	6,379	4,929	5,190	5,233	3,693	5,015	5,402	8,747	-1,291	7,753	7,664	9,070	8,430	6,270	9,486	9,316	8,428	6,729	7,316	7,683	9,943	16,380
Total noninterest revenue
65,960	68,130	70,869	76,104	69,673	68,526	64,727	67,386	62,953	74,314	73,315	63,513	69,278	69,838	66,517	65,125	62,514	76,109	71,318	70,901	70,420	66,468	72,360	65,335	62,055	75,144	68,311	73,974	69,752	57,086	63,332	62,475	80,478
NONINTEREST EXPENSE:
Salaries and employee benefits
81,415	81,597	81,386	84,979	80,884	80,675	81,679	80,177	81,354	79,759	81,179	76,751	77,453	74,741	78,883	75,466	73,532	78,284	79,414	77,203	74,829	77,661	74,931	70,512	71,851	70,142	70,375	65,980	68,232	68,189	69,287	70,353	70,092
Occupancy, net of rental income
10,343	10,455	10,302	10,294	10,412	10,109	10,273	10,434	10,819	10,419	10,194	10,500	10,313	10,245	10,287	9,935	10,360	10,577	10,237	10,643	10,944	10,487	10,066	10,315	11,144	10,232	10,671	10,668	11,038	10,527	10,775	10,720	10,492
Equipment
3,352	3,438	3,568	3,563	3,423	3,295	3,765	3,569	3,742	4,024	3,974	3,996	4,205	4,169	4,499	4,298	4,555	4,585	4,948	5,309	5,083	5,124	5,333	5,108	5,346	5,595	5,658	5,459	5,523	5,877	5,739	5,853	5,855
Deposit insurance assessments
2,499	2,261	2,484	1,818	3,227	2,582	2,288	2,630	2,191	2,377	2,311	2,430	2,125	2,035	1,600	2,687	3,325	2,939	2,804	3,103	3,998	3,994	5,383	5,674	3,781	6,436	5,425	5,895	4,752	4,362	4,250	3,402	9,358
Regulatory settlement
-	-	-	-	0	0	10,277	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Voluntary early retirement expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	10,850	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Write-off and amortization of bond issue cost
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	12	2,907	38	38	-	38	-	-	-	-	-	-	-	-	-	-	-	-
Prepayment penalty on FHLB borrowings
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	9,778	-	-	0	0	-	-	-
Other
29,294	29,802	29,369	33,994	30,371	30,900	33,230	51,541	28,344	31,598	39,275	36,369	39,603	36,764	31,438	35,432	34,718	34,978	37,930	46,846	38,896	39,240	39,967	44,094	38,576	34,886	37,881	35,445	33,542	31,061	30,432	32,344	28,209
Total noninterest expense
126,903	127,553	127,109	134,648	128,317	127,561	141,512	148,351	126,450	128,177	136,933	130,046	133,699	127,954	126,707	127,830	129,397	142,251	135,371	143,219	133,788	136,506	135,680	135,856	130,698	137,069	130,010	123,447	123,087	120,016	120,483	122,672	124,006
Income before income taxes
59,118	57,055	57,371	55,843	55,946	51,281	33,374	30,265	50,573	58,446	47,455	39,912	41,192	44,965	41,333	39,712	32,858	29,071	30,025	22,543	34,011	28,703	32,290	17,718	14,320	15,747	-5,741	17,487	1,493	-15,955	11,212	29,025	49,818
Income tax expense
19,590	19,166	19,278	18,173	18,129	16,589	10,825	9,096	16,230	18,733	15,189	11,252	12,414	14,097	12,889	12,014	8,001	8,316	9,220	5,563	10,186	8,079	9,424	4,415	2,386	2,921	-5,247	1,641	-9,767	-3,395	2,816	7,494	15,951
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	21,531	33,867
Earnings per share:
Basic (in dollars per share)
0.43	0.41	0.41	0.40	0.40	0.37	0.24	0.23	0.36	0.41	0.33	0.30	0.30	0.32	0.30	0.29	0.26	0.22	0.22	0.18	0.25	0.22	0.25	0.17	0.14	0.15	-0.01	0.20	0.13	-0.15	0.10	0.26	0.41
Diluted (in dollars per share)
0.43	0.41	0.41	0.40	0.40	0.37	0.24	0.23	0.36	0.41	0.33	0.29	0.30	0.32	0.30	0.29	0.26	0.22	0.22	0.18	0.25	0.22	0.25	0.17	0.14	0.15	-0.01	0.19	0.13	-0.15	0.10	0.26	0.41
Dividends declared per common share (in dollars per share)
0.14	0.13	0.13	-	0.13	0.10	0.10	-	0.10	0.07	0.07	-	0.08	0.05	0.05	-	0.05	0.01	0.01	-	0.01	0.01	0.01	-	0.01	0.01	0.11	-	0.22	0.22	0.22	0.22	0.22