Press Release: BancorpSouth Announces Third -8-
Press Release: BancorpSouth Announces Third -8-
新聞稿：BancorpSouth宣佈Third-8-
Provision for credit losses (7,000) 11,500 - 5,794 16,000 4,500 83,250
Net interest revenue, after provision for
credit losses 188,544 168,682 172,789 171,142 159,931 530,015 430,781
NONINTEREST REVENUE:
Mortgage banking 13,058 9,105 25,310 20,129 27,097 47,473 66,124
Credit card, debit card and merchant fees 11,428 11,589 9,659 10,053 9,938 32,676 28,194
Deposit service charges 10,324 8,849 8,477 9,708 8,892 27,650 28,221
Security (losses)gains, net (195) 96 82 63 18 (17) (5)
Insurance commissions 35,773 36,106 30,667 29,815 32,750 102,546 95,471
Wealth management 7,147 7,543 8,465 6,751 6,471 23,155 19,462
Gain on sale of PPP loans - 21,572 - - - 21,572 -
Other 6,885 7,083 5,276 2,307 4,758 19,244 20,211
Total noninterest revenue 84,420 101,943 87,936 78,826 89,924 274,299 257,678
NONINTEREST EXPENSE:
Salaries and employee benefits 112,968 108,188 101,060 97,215 104,219 322,216 320,594
Occupancy, net of rental income 13,443 13,187 12,814 13,004 13,053 39,444 38,651
Equipment 5,534 4,967 4,564 4,756 4,519 15,065 13,930
Deposit insurance assessments 2,330 1,638 1,455 1,696 1,522 5,423 5,030
Pension settlement expense 2,400 - - 5,846 - 2,400 -
Other 43,214 46,004 35,930 44,600 31,192 125,148 105,560
Total noninterest expense 179,889 173,984 155,823 167,117 154,505 509,696 483,765
Income before income taxes 93,075 96,641 104,902 82,851 95,350 294,618 204,694
Income tax expense 20,350 21,102 23,347 14,046 21,525 64,799 45,448
Net income $ 72,725 $ 75,539 $ 81,555 $ 68,805 $ 73,825 $ 229,819 $ 159,246
Less: Preferred dividends 2,372 2,372 2,372 2,372 2,372 7,116 7,116
Net income available to common shareholders $ 70,353 $ 73,167 $ 79,183 $ 66,433 $ 71,453 $ 222,703 $ 152,130
Net income per common share: Basic $ 0.65 $ 0.69 $ 0.77 $ 0.65 $ 0.70 $ 2.11 $ 1.47
Diluted $ 0.65 $ 0.69 $ 0.77 $ 0.65 $ 0.69 $ 2.11 $ 1.47
BancorpSouth Bank
Selected Loan Data
(Dollars in thousands)
(Unaudited)
Quarter Ended
Sep-21 Jun-21 Mar-21 Dec-20 Sep-20
LOAN AND LEASE
PORTFOLIO:
Commercial and
industrial
Commercial and
industrial-non real
estate 2,005,206 2,056,034 2,865,706 2,673,429 2,937,608
Commercial and
industrial-owner
occupied 2,241,310 2,273,433 2,260,456 2,281,127 2,297,008
Total commercial
and industrial 4,246,516 4,329,467 5,126,162 4,954,556 5,234,616
Commercial real estate
Agricultural 370,467 350,067 337,710 317,994 333,839
Construction,
acquisition and
development 1,797,559 1,926,421 1,707,800 1,728,682 1,700,030
Commercial real estate 3,443,967 3,323,883 3,127,510 3,211,434 3,229,959
Total commercial
real estate 5,611,993 5,600,371 5,173,020 5,258,110 5,263,828
Consumer
Consumer mortgages 4,078,787 3,991,790 3,700,076 3,726,241 3,704,490
Home equity 619,541 625,365 608,924 630,097 658,708
Credit cards 83,764 84,699 81,499 89,077 85,760
Total consumer 4,782,092 4,701,854 4,390,499 4,445,415 4,448,958
All other 350,644 372,347 349,127 364,398 380,333
Total loans $ 14,991,245 $ 15,004,039 $ 15,038,808 $ 15,022,479 $ 15,327,735
ALLOWANCE FOR CREDIT
LOSSES:
Balance, beginning of
period $ 265,720 $ 241,117 $ 244,422 $ 250,624 $ 237,025
Loans and leases
charged-off:
Commercial and
industrial (1,488) (1,882) (2,946) (5,511) (1,001)
Commercial real estate (131) (623) (1,383) (5,062) (738)
Consumer (831) (961) (1,076) (1,584) (804)
All other (863) (396) (501) (875) (599)
Total loans
charged-off (3,313) (3,862) (5,906) (13,032) (3,142)
Recoveries:
Commercial and
industrial 3,635 3,053 1,093 816 457
Commercial real estate 797 1,299 195 142 267
Consumer 585 965 920 592 754
All other 352 345 393 280 263
Total recoveries 5,369 5,662 2,601 1,830 1,741
Net
recoveries(charge-offs) 2,056 1,800 (3,305) (11,202) (1,401)
Initial allowance on
loans purchased with
credit deterioration - 12,803 - - -
Provision:
Initial provision for
loans acquired during
the quarter - 11,500 - - -
Provision for credit
losses related to
loans and leases (7,500) (1,500) - 5,000 15,000
Total provision for
loans and leases (7,500) 10,000 - 5,000 15,000
Balance, end of period $ 260,276 $ 265,720 $ 241,117 $ 244,422 $ 250,624
Average loans for period $ 14,915,728 $ 15,470,539 $ 15,029,076 $ 15,219,402 $ 15,369,684
Ratio:
Net
(recoveries)charge-offs
to average loans
(annualized) (0.05%) (0.05%) 0.09% 0.29% 0.04%
RESERVE FOR UNFUNDED
COMMITMENTS*
Balance, beginning of
period $ 8,544 $ 7,044 $ 7,044 $ 6,250 $ 5,250
Provision for credit
losses for unfunded
commitments 500 1,500 - 794 1,000
Balance, end of period $ 9,044 $ 8,544 $ 7,044 $ 7,044 $ 6,250
*The Reserve for Unfunded Commitments is classified in other
liabilities on the balance sheet.
BancorpSouth Bank
Selected Loan Data
(Dollars in thousands)
(Unaudited)
Quarter Ended
Sep-21 Jun-21 Mar-21 Dec-20 Sep-20
BXS ORIGINATED LOANS AND
LEASES:
Loans and leases charged
off:
Commercial and industrial
Commercial and
industrial-non real
estate $ (901) $ (1,108) $ (1,971) $ (1,991) $ (490)
Commercial and
industrial-owner
occupied (331) (471) (187) (303) (434)
Total commercial and
industrial (1,232) (1,579) (2,158) (2,294) (924)
Commercial real estate
Agricultural - - (94) (124) -
Construction,
acquisition and
development - (113) (344) (1,709) -
Commercial real estate (3) (110) (27) (1,704) (155)
Total real estate (3) (223) (465) (3,537) (155)
Consumer
Consumer mortgages (243) (398) (181) (537) (70)
Home equity (112) (64) (50) (395) (41)
Credit cards (435) (476) (733) (458) (682)
Total consumer (790) (938) (964) (1,390) (793)
All other (723) (315) (399) (698) (459)
Total loans charged
off (2,748) (3,055) (3,986) (7,919) (2,331)
Recoveries:
Commercial and industrial
Commercial and
industrial-non real
estate 305 1,014 387 645 231
Commercial and
industrial-owner
occupied 673 325 61 27 163
Total commercial and
industrial 978 1,339 448 672 394
Commercial real estate
Agricultural 3 (65) 5 23 3
Construction,
acquisition and
信貸損失準備金(7,000)11,500-5,794 16,000 4,500 83,250扣除以下撥備後的淨利息收入信貸損失188,544 168,682 172,789 171,142 159,931 530,015 430,781非利息收入：抵押貸款銀行13,058 9,105 25,310 20,129 27,097 47,473 66,124信用卡、借記卡和商户費用11,428 11,589 9,659 10,053 9,938 32,676 28,194存款服務費10,324 8,849 8,477 9,708 8,892 27,650 28,221安全(損失)收益淨額(195)96 82 63 18(17)(5)保險佣金35,773 36,106 30,667 29,815 32,750 102,546 95,471財富管理7,147 7,543 8,465 6,751 6,471 23,155 19,462出售購買力平價貸款的收益-21,572-21,572-其他6,8857,083 5,276,307,758 19,244 20,211非利息收入總額84,420 101,943 87,936 78,826 89,924 274,299 257,678非利息支出：薪金及僱員福利112,968 108,188 101,060 97,215 104,219 322,216 320,594入住率，扣除租金收入後的淨額13,443 13,187 12,814 13,004 13,053 39,444 38,651設備5,534 4,967 4,564 4,756 4,519 15,065 13,930存款保險評税2,330 1,638 1,455 1,696 1,522 5,423,030養老金結算費用2400-5846-2400-其他43,214 46,004 35,930 44,600 31,192 125,148 105,560非利息支出總額179,889 173,984 155,823 167,117 154,505 509,696 483,765所得税前收入93,075 96,641 104,902 82,851 95,350 294,618 204,694所得税支出20,350 21,102 23,347 14,046 21,525 64,799 45,448淨收入$72,725$75,539$81,555$68,805$73,825$229,819$159,246減去：優先股息2,372 2,372 2,372 2,372 2,372 7,116 7,116普通股股東可獲得的淨收入$70,353$73,167$79,183$66,433$71,453$222,703$152,130每股普通股淨收益：基本$0.65$0.69$0.77$0.65$0.70$2.11$1.47稀釋後$0.65$0.69$0.77$0.65$0.69$2.11$1.47BancorpSouth Bank選擇的貸款數據(千美元)(未經審計)截至的季度9月21日至6月21日3月21日至12月21日9月20日至20日借貸和租賃產品組合：商業和工業商業和工業-非真實遺產2,005,206 2,056,034,865,706,673,429,937,608商業和工業業主佔用2,241,310 2,273,433,260,456,281,127 2,297,008總商業廣告工業4,246,516 4,329,467 5,126,162 4,954,556 5,234,616商業地產農業370,467 350,067 337,710 317,994 333,839建築，收購和發展項目1,797,559 1,926,421 1,707,800 1,728,682 1,700,030商業地產3,443,967 3,323,883 3,127,510 3,211,434 3,229,959總商業廣告房地產5,611,993 5,600,371 5,173,020 5,258,110 5,263,828消費者消費按揭貸款4,078,787 3,991,790 3,700,076 3,726,241 3,704,490房屋淨值619,541 625,365 608,924 630,097 658,708信用卡83,764 84,699 81,499 89,077 85,760總消費額4,782,092 4,701,854 4,390,499 4,445,415 4,448,958所有其他350,644 372,347 349,127 364,398 380,333貸款總額14,991,245美元15,004,039美元15,038,808美元15,022,479美元15,327,735美元信用額度損失：平衡，開始期間265,720元241,117元244,422元250,624元237,025元貸款和租賃註銷：商業和工業(1,488)(1,882)(2,946)(5,511)(1,001)商業地產(131)(623)(1,383)(5,062)(738)消費者(831)(961)(1,076)(1,584)(804)所有其他(863)(396)(501)(875)(599)貸款總額沖銷(3,313)(3,862)(5,906)(13,032)(3,142)恢復：商業和工業3,635 3,053 1,093 816 457商業地產797 1,299 195 142 267消費者585 965 920 592 754所有其他352 345 393 280 263共收回5,369 5,662 2,601,830 1,741網絡追討(撇賬)2,056 1,800(3,305)(11,202)(1,401)最初的免税額通過以下方式購買的貸款信貸惡化-12,803規定：初步撥備在此期間獲得的貸款本季度-11,500信貸撥備與以下項目相關的損失貸款及租賃(7,500)(1,500)-5,000 15,000撥備總額為貸款及租賃(7,500)10,000-5,000 15,000期末餘額$260,276$265,720$241,117$244,422$250,624期內平均貸款14,915,728元15,470,539元15,029,076元15,215,402元15,369,684元比率：網絡(追回)撇賬平均貸款(摺合成年率)(0.05%)(0.05%)0.09%0.29%0.04%無資金準備承諾*平衡，開始期間$8,544$7,044$7,044$6,250$5,250信貸撥備無資金來源的虧損承擔額500 1,500-794 1,000期末餘額$9,044$8,544$7,044$7,044$6,250*無資金承擔準備金歸類於其他類別資產負債表上的負債。BancorpSouth Bank選擇的貸款數據(千美元)(未經審計)截至的季度9月21日至6月21日3月21日至12月21日9月20日至20日BXS發起的貸款和租約：收取貸款及租賃費用關閉：工商業商業和工業-非真實遺產$(901)$(1,108)$(1,971)$(1,991)$(490)商業和工業業主佔用(331)(471)(187)(303)(434)總計商業和工業(1,232)(1,579)(2,158)(2,294)(924)商業地產農業--(94)(124)-建築，收購和發展--(113)(344)(1709)-商業地產(3)(110)(27)(1,704)(155)房地產總數(3)(223)(465)(3,537)(155)消費者消費按揭貸款(243)(398)(181)(537)(70)房屋淨值(112)(64)(50)(395)(41)信用卡(435)(476)(733)(458)(682)總消費者(790)(938)(964)(1,390)(793)所有其他(723)(315)(399)(698)(459)已收取的貸款總額關(2,748)(3,055)(3,986)(7,919)(2,331)恢復：工商業商業和工業-非真實屋苑305 1,014 387 645 231商業和工業業主佔673 325 61 27 163總計商業和工業978 1,339 448 672 394商業地產農業3(65)5 23 3建築，收購和