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
Press Release: BancorpSouth Announces Third -5-
Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more