Press Release: BancorpSouth Announces Third -5-
Press Release: BancorpSouth Announces Third -5-
新闻稿：BancorpSouth宣布Third-5-
shareholders'
equity 2,856,264 2,902,581 2,658,205 2,655,484 2,615,546 2,856,264 2,615,546
Balance Sheet -
Average Balances
Total assets $ 27,616,585 $ 26,666,296 $ 24,545,560 $ 23,660,503 $ 23,318,877 $ 26,287,396 $ 22,408,734
Total earning
assets 25,220,602 24,211,759 22,346,075 21,497,938 21,241,896 23,936,675 20,320,121
Total securities 9,539,814 8,067,109 6,606,027 5,820,425 5,309,982 8,081,730 4,738,392
Loans and leases,
net of unearned
income 14,915,728 15,470,539 15,029,076 15,219,402 15,369,684 15,138,032 14,905,435
PPP loans (included
in loans and
leases above) 73,783 973,036 1,062,423 1,139,959 1,207,097 699,459 729,126
Total deposits 23,162,450 22,385,883 20,472,080 19,600,863 19,258,930 22,016,659 18,210,053
Total deposits and
securities sold
under agreement to
repurchase 23,914,986 23,092,969 21,123,774 20,272,881 19,940,330 22,720,800 18,832,679
Long-term debt 4,168 4,714 4,378 4,488 4,592 4,419 4,697
Junior subordinated
debt securities 307,671 304,056 297,318 297,145 296,969 303,053 296,794
Total shareholders'
equity 3,058,307 2,954,834 2,813,001 2,774,589 2,729,870 2,942,946 2,709,077
Common
shareholders'
equity 2,891,314 2,787,841 2,646,008 2,607,596 2,562,877 2,775,952 2,542,075
Nonperforming
Assets:
Non-accrual loans
and leases $ 59,622 $ 61,664 $ 73,142 $ 96,378 $ 122,108 $ 59,622 $ 122,108
Loans and leases
90+ days past due,
still accruing 17,012 15,386 21,208 14,320 17,641 17,012 17,641
Restructured loans
and leases, still
accruing 7,165 7,368 6,971 10,475 11,154 7,165 11,154
Non-performing
loans (NPLs) 83,799 84,418 101,321 121,173 150,903 83,799 150,903
Other real estate
owned 16,515 17,333 9,351 11,395 6,397 16,515 6,397
Non-performing
assets (NPAs) $ 100,314 $ 101,751 $ 110,672 $ 132,568 $ 157,300 $ 100,314 $ 157,300
Financial Ratios
and Other Data:
Return on average
assets 1.04% 1.14% 1.35% 1.16% 1.26% 1.17% 0.95%
Operating return on
average
assets-excluding
MSR* 1.09% 1.40% 1.28% 1.23% 1.26% 1.25% 1.03%
Return on average
shareholders'
equity 9.43% 10.25% 11.76% 9.87% 10.76% 10.44% 7.85%
Operating return on
average
shareholders'
equity-excluding
MSR* 9.82% 12.62% 11.13% 10.49% 10.72% 11.17% 8.56%
Return on average
common
shareholders'
equity 9.65% 10.53% 12.14% 10.14% 11.09% 10.73% 7.99%
Operating return on
average common
shareholders'
equity-excluding
MSR* 10.06% 13.04% 11.47% 10.80% 11.05% 11.50% 8.75%
Return on average
tangible equity* 14.10% 15.21% 17.35% 14.66% 16.08% 15.50% 11.79%
Operating return on
average tangible
equity-excluding
MSR* 14.68% 18.73% 16.42% 15.58% 16.03% 16.59% 12.85%
Return on average
tangible common
equity* 14.85% 16.08% 18.46% 15.54% 17.13% 16.40% 12.41%
Operating return on
average tangible
common
equity-excluding
MSR* 15.48% 19.92% 17.44% 16.56% 17.08% 17.59% 13.58%
Pre-tax
pre-provision net
revenue to total
average assets* 1.29% 1.80% 1.64% 1.59% 1.89% 1.57% 1.82%
Noninterest income
to average assets 1.21% 1.53% 1.45% 1.33% 1.53% 1.40% 1.54%
Noninterest expense
to average assets 2.58% 2.62% 2.57% 2.81% 2.64% 2.59% 2.88%
Net interest
margin-fully
taxable
equivalent 2.86% 2.99% 3.15% 3.29% 3.31% 2.99% 3.39%
Net interest
margin-fully
taxable equivalent,
excluding net
accretion
on acquired loans
and leases 2.81% 2.94% 3.08% 3.24% 3.23% 2.94% 3.33%
Net interest rate
spread 2.72% 2.83% 2.97% 3.07% 3.06% 2.83% 3.12%
Efficiency ratio
(tax equivalent)* 67.52% 61.55% 59.64% 65.16% 57.98% 62.90% 62.52%
Operating
efficiency
ratio-excluding
MSR (tax
equivalent)* 65.79% 57.66% 60.74% 62.87% 58.03% 61.31% 60.83%
Loan/deposit ratio 63.69% 65.70% 71.03% 75.69% 78.96% 63.69% 78.96%
Price to earnings
multiple (close) 10.79 10.08 12.07 12.88 9.18 10.79 9.18
Market value to
common book value 111.41% 106.01% 125.39% 105.98% 75.99% 111.41% 75.99%
Market value to
common book value
(avg) 104.34% 113.49% 119.10% 97.56% 83.75% 111.00% 90.07%
Market value to
common tangible
book value 172.40% 162.77% 190.14% 161.00% 116.01% 172.40% 116.01%
Market value to
common tangible
book value (avg) 161.46% 174.26% 180.60% 148.21% 127.86% 171.77% 137.50%
Employee FTE 4,770 4,835 4,546 4,596 4,691 4,770 4,691
*Denotes non-GAAP financial measure. Refer to related disclosure and reconciliation on pages 24 and 25.
BancorpSouth Bank
Selected Financial Information
(Dollars in thousands, except per share data)
(Unaudited)
Quarter Ended Quarter Ended Quarter Ended Quarter Ended Quarter Ended Year to Date Year to Date
9/30/2021 6/30/2021 3/31/2021 12/31/2020 9/30/2020 9/30/2021 9/30/2020
Credit Quality Ratios:
Net
(recoveries)charge-offs
to average loans and
leases (annualized) (0.05%) (0.05%) 0.09% 0.29% 0.04% 0.00% 0.15%
Provision for credit
losses to average loans
and leases
(annualized) (0.19%) 0.30% 0.00% 0.15% 0.42% 0.04% 0.75%
Allowance for credit
losses to net loans and
leases 1.74% 1.77% 1.60% 1.63% 1.64% 1.74% 1.64%
Allowance for credit
losses to net loans and
leases, excluding PPP
loans 1.74% 1.79% 1.74% 1.74% 1.78% 1.74% 1.78%
Allowance for credit
losses to
non-performing loans
and leases 310.60% 314.77% 237.97% 201.71% 166.08% 310.60% 166.08%
Allowance for credit
losses to
non-performing assets 259.46% 261.15% 217.87% 184.37% 159.33% 259.46% 159.33%
Non-performing loans and
leases to net loans and
leases 0.56% 0.56% 0.67% 0.81% 0.98% 0.56% 0.98%
Non-performing loans and
leases to net loans and
leases, excluding
acquired loans and
leases 0.50% 0.49% 0.54% 0.62% 0.74% 0.50% 0.74%
Non-performing assets to
total assets 0.36% 0.37% 0.43% 0.55% 0.67% 0.36% 0.67%
Non-performing assets to
total assets, excluding
acquired loans and
leases 0.31% 0.31% 0.34% 0.42% 0.49% 0.31% 0.49%
Equity Ratios:
Total shareholders'
equity to total assets 10.77% 11.12% 10.95% 11.72% 11.81% 10.77% 11.81%
Total common
shareholders' equity to
股东的股本2,856,264 2,902,581 2,658,205 2,655,484,615,546 2,856,264 2,615,546资产负债表-平均余额总资产$27,616,585$26,666,296$24,545,560$23,660,503$23,318,877$26,287,396$22,408,734总收入资产25,220,602 24,211,759 22,346,075 21,497,938 21,241,896 23,936,675 20,320,121总证券9,539,814,067,109 6,606,027,820,425 5,309,982,081,730 4,738,392贷款和租赁，扣除不劳而获的净额收入14,915,728 15,470,539 15,029,076 15,215,402 15,369,684 15,138,032 14,905,435购买力平价贷款(包括在贷款和以上契约)73,783 973,036 1,062,423 1,139,959 1,207,097 699,459 729,126存款总额23,162,450 22,385,883 20,472,080 19,600,863 19,258,930 22,016,659 18,210,053总存款和出售的证券根据协议，回购23,914,986 23,092,969 21,123,774 20,272,881 19,940,330 22,720,800 18,832,679长期债务4,168 4,714 4,378 4,488 4,592 4,419 4,697初级下属债务证券307,671 304,056 297,318 297,145 296,969 303,053 296,794股东总数股本3,058,307 2,954,834 2,813,001 2,774,589,729,870 2,942,946 2,709,077普普通通股东的股本2,891,314 2,787,841 2,646,008,607,596 2,562,877,775,952,542,075不良资产资产：非权责发生制贷款及租契$59,622$61,664$73,142$96,378$122,108$59,622$122,108贷款和租赁逾期90多天，仍累计17,012 15,386 21,208 14,320 17,641 17,012 17,641重组贷款和租约，仍然累计7,165 7,368 6,971 10,475 11,154 7,165 11,154不良资产贷款(不良贷款)83,799 84,418 101,321 121,173 150,903 83,799 150,903其他房地产拥有16,515 17,333 9,351 11,395 6,397 16,515 6,397不良资产资产(不良资产)$100,314$101,751$110,672$132,568$157,300$100,314$157,300财务比率和其他数据：平均回报率资产1.04%1.14%1.35%1.16%1.26%1.17%0.95%营业回报为平均值资产-不包括MSR*1.09%1.40%1.28%1.23%1.26%1.25%1.03%平均回报率股东的股本9.43%10.25%11.76%9.87%10.76%10.44%7.85%营业回报为平均值股东的股权-不包括MSR*9.82%12.62%11.13%10.49%10.72%11.17%8.56%平均回报率常见股东的股本9.65%10.53%12.14%10.14%11.09%10.73%7.99%营业回报为平均公约数股东的股权-不包括MSR*10.06%13.04%11.47%10.80%11.05%11.50%8.75%平均回报率有形股本*14.10%15.21%17.35%14.66%16.08%15.50%11.79%营业回报为平均有形资产股权-不包括MSR*14.68%18.73%16.42%15.58%16.03%16.59%12.85%平均回报率有形的共同之处股权*14.85%16.08%18.46%15.54%17.13%16.40%12.41%营业回报为平均有形资产常见股权-不包括MSR*15.48%19.92%17.44%16.56%17.08%17.59%13.58%税前预提拨备净额收入占总收入的比例平均资产*1.29%1.80%1.64%1.59%1.89%1.57%1.82%非利息收入平均资产1.21%1.53%1.45%1.33%1.53%1.40%1.54%非利息支出平均资产2.58%2.62%2.57%2.81%2.64%2.59%2.88%净利息保证金-全额应税等值2.86%2.99%3.15%3.29%3.31%2.99%3.39%净利息保证金-全额应税等价物，不包括净值吸积关于后天获得的贷款而租契2.81%2.94%3.08%3.24%3.23%2.94%3.33%净利率利差2.72%2.83%2.97%3.07%3.06%2.83%3.12%效率比(税值)*67.52%61.55%59.64%65.16%57.98%62.90%62.52%运营中效率比率-不包括MSR(税等值)*65.79%57.66%60.74%62.87%58.03%61.31%60.83%贷存比率63.69%65.70%71.03%75.69%78.96%63.69%78.96%市盈率倍数(接近)10.79 10.08 12.07 12.88 9.18 10.79 9.18市值达到普通账面价值111.41%106.01%125.39%105.98%75.99%111.41%75.99%市值达到普通账面价值(平均)104.34%113.49%119.10%97.56%83.75%111.00%90.07%市值达到常见的有形物品账面价值172.40%162.77%190.14%161.00%116.01%172.40%116.01%市值达到常见的有形物品账面价值(平均值)161.46%174.26%180.60%148.21%127.86%171.77%137.50%员工FTE 4,770 4,835 4,546 4,596 4,691 4,770 4,691*表示非GAAP财务衡量标准。请参阅第24页和第25页的相关披露和对账。BancorpSouth Bank精选财务信息(千美元，每股数据除外)(未经审计)截至年初至今的季度 9/30/2021 6/30/2021 3/31/2021 12/31/2020 9/30/2020 9/30/2021 9/30/2020 信用质量比率：网络(追回)撇账平均贷款和租契(年率)(0.05%)(0.05%)0.09%0.29%0.04%0.00%0.15%信贷拨备平均贷款损失和租约(折合成年率)(0.19%)0.30%0.00%0.15%0.42%0.04%0.75%信用额度净贷款亏损和租契1.74%1.77%1.60%1.63%1.64%1.74%1.64%信用额度净贷款亏损和租赁，不包括PPP贷款1.74%1.79%1.74%1.74%1.78%1.74%1.78%信用额度亏损至不良贷款及租契310.60%314.77%237.97%201.71%166.08%310.60%166.08%信用额度亏损至不良资产259.46%261.15%217.87%184.37%159.33%259.46%159.33%不良贷款和租赁到净贷款和租契0.56%0.56%0.67%0.81%0.98%0.56%0.98%不良贷款和租赁到净贷款和租约，不包括收购贷款和租契0.50%0.49%0.54%0.62%0.74%0.50%0.74%不良资产转至总资产0.36%0.37%0.43%0.55%0.67%0.36%0.67%不良资产转至总资产，不包括收购贷款和租契0.31%0.31%0.34%0.42%0.49%0.31%0.49%股本比率：股东总数股本与总资产之比10.77%11.12%10.95%11.72%11.81%10.77%11.81%总公用度股东权益至