BancorpSouth, Inc. (BXS)

BancorpSouth, Inc. operates as a financial holding company for BancorpSouth Bank that provides commercial banking and financial services to individuals, and small-to-medium sized businesses in Mississippi, Tennessee, Alabama, Arkansas, Texas, Louisiana, Florida, Missouri, and Illinois. It generates various deposits, such as interest bearing and noninterest bearing demand deposits, saving deposits, and time deposits. The company provides various commercial loan services, including term loans, lines of credit, equipment and receivable financing, and agricultural loans, as well as 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. Its residential consumer lending activities consist of the origination of fixed and adjustable rate residential mortgage loans secured by owner-occupied property, construction loans, second mortgage loans, and home equity lines of credit; and non-residential consumer lending activities comprise automobile loans, recreation vehicle loans, boat loans, secured and unsecured personal loans, deposit account secured loans, and student loans. The company also serves as an agent in the sale of title insurance; commercial lines of insurance; and a line of property and casualty, life, health, and employee benefit products and services. In addition, it offers investment services comprising brokerage, investment advisory, and asset management services; and trust services, including personal trust and estate services, and employee benefit accounts and plans, such as individual retirement accounts and corporate trust functions. As of December 31, 2008, it operated approximately 313 commercial banking, trust, and insurance business offices. The company was founded in 1876 and is headquartered in Tupelo, Mississippi.

For the nine months ended 30 September 2006, BancorpSouth, Inc.'s interest income rose 23% to $502.5M. Net interest income after loan loss provision rose 19% to $287.3M. Net income rose 29% to $103.9M. Net Interest income reflects higher interest income from loan, partially offset by higher interest paid on deposits and increased federal funds purchased. Net income also reflects higher income from service charges and increased income from mortgage lending.