investigatory matters (including litigation or actions arising from the Company's participation in and administration of programs related to the COVID-19 pandemic (including, among other things, the PPP loan programs authorized by the CARES Act and the Economic Aid Act); the ability to keep pace with technological changes, including changes regarding maintaining cybersecurity; the impact of failure in, or breach of, the Company's operational or security systems or infrastructure, or those of third parties with whom the Company does business, including as a result of cyber-attacks or an increase in the incidence or severity of fraud, illegal payments, security breaches or other illegal acts impacting the Company or the Company's customers; natural disasters or acts of war or terrorism; the adverse effects of the ongoing global COVID-19 pandemic, including the magnitude and duration of the pandemic, and the effect of actions taken to mitigate the impact of the COVID-19 pandemic on the Company, the Company's employees, the Company's customers, the global economy and the financial markets; international or political instability; impairment of the Company's goodwill or other intangible assets; losses of key employees and personnel; adoption of new accounting standards, including the effects from the adoption of the current expected credit loss methodology on January 1, 2020, or changes in existing standards; the occurrence of any event, change or other circumstances that could give rise to the right of one or both of the parties to terminate the Cadence Merger Agreement; the outcome of any legal proceedings that have been or may be instituted against the Company or Cadence in respect of the Cadence Merger; the possibility that the Cadence Merger will not close when expected or at all because required approvals are not received or other conditions to the closing are not satisfied on a timely basis or at all, or are obtained subject to conditions that are not anticipated; the ability of the Company and Cadence to meet expectations regarding the timing, completion and accounting and tax treatments of the Cadence Merger; the risk that any announcements relating to the Cadence Merger could have adverse effects on the market price of the common stock of either or both parties to the Cadence Merger; the possibility that the anticipated benefits of the Cadence Merger will not be realized when expected or at all, including as a result of the impact of, or problems arising from, the integration of the two companies or as a result of the strength of the economy and competitive factors in the areas where the Company and Cadence do business; certain restrictions during the pendency of the Cadence Merger that may impact the parties' ability to pursue certain business opportunities or strategic transactions; the possibility that the Cadence Merger may be more expensive to complete than anticipated, including as a result of unexpected factors or events; diversion of management's attention from ongoing business operations and opportunities; the possibility that the parties may be unable to achieve expected synergies and operating efficiencies in the Cadence Merger within the expected timeframes or at all and to successfully integrate Cadence's operations and those of the Company; such integration may be more difficult, time consuming or costly than expected; revenues following the Cadence Merger may be lower than expected; potential adverse reactions or changes to business or employee relationships, including those resulting from the announcement or completion of the Cadence Merger; the Company and Cadence's success in executing their respective business plans and strategies and managing the risks involved in the foregoing; the dilution caused by the Company's issuance of additional shares of its capital stock in connection with the Cadence Merger and other factors as detailed from time to time in the Company's press and news releases, periodic and current reports and other filings the Company files with the FDIC.

The foregoing factors should not be construed as exhaustive and should be read in conjunction with those factors that are set forth from time to time in the Company's periodic and current reports filed with the FDIC, including those factors included in the Company's Annual Report on Form 10-K for the year ended December 31, 2020 under the heading "Item 1A. Risk Factors," in the Company's Quarterly Reports on Form 10-Q under the heading "Part II-Item 1A. Risk Factors" and in the Company's Current Reports on Form 8-K.

Although the Company believes that the expectations reflected in these forward-looking statements are reasonable as of the date of this news release, if one or more events related to these or other risks or uncertainties materialize, or if the Company's underlying assumptions prove to be incorrect, actual results may prove to be materially different from the results expressed or implied by the forward-looking statements. Accordingly, undue reliance should not be placed on any forward-looking statements. The forward-looking statements speak only as of the date of this news release, and the Company does not undertake any obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise, except as required by applicable law. New risks and uncertainties may emerge from time to time, and it is not possible for the Company to predict their occurrence or how they will affect the Company. All written or oral forward-looking statements attributable to the Company are expressly qualified in their entirety by this section.

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 
Earnings Summary: 
Interest revenue     $         199,511  $         199,129  $         192,783  $         199,287  $         200,670  $     591,423  $     600,206 
Interest expense     17,967             18,947             19,994             22,351             24,739             56,908         86,175 
Net interest 
 revenue             181,544            180,182            172,789            176,936            175,931            534,515        514,031 
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  84,420             101,943            87,936             78,826             89,924             274,299        257,678 
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 
Balance Sheet - 
Period End 
Balances 
Total assets         $      28,060,496  $      27,612,365  $      25,802,497  $      24,081,194  $      23,555,422  $  28,060,496  $  23,555,422 
Total earning 
 assets              25,572,354         25,129,873         23,542,657         21,792,725         21,340,371         25,572,354     21,340,371 
Total securities     10,053,372         9,084,111          7,640,268          6,231,006          5,659,785          10,053,372     5,659,785 
Loans and leases, 
 net of unearned 
 income              14,991,245         15,004,039         15,038,808         15,022,479         15,327,735         14,991,245     15,327,735 
Allowance for 
 credit losses       260,276            265,720            241,117            244,422            250,624            260,276        250,624 
Net book value of 
 acquired loans 
 (included in loans 
 and leases above)   1,426,266          1,646,031          1,023,252          1,160,267          1,320,671          1,426,266      1,320,671 
Paycheck protection 
 program (PPP) 
 loans (included in 
 loans and leases 
 above)              32,771             167,144            1,146,000          975,421            1,212,246          32,771         1,212,246 
Remaining loan mark 
 on acquired loans   9,863              13,037             10,069             13,886             16,198             9,863          16,198 
Total deposits       23,538,711         22,838,486         21,173,186         19,846,441         19,412,979         23,538,711     19,412,979 
Total deposits and 
 securities sold 
 under agreement to 
 repurchase          24,243,834         23,521,621         21,833,671         20,484,156         20,024,434         24,243,834     20,024,434 
Long-term debt       4,082              4,189              4,295              4,402              4,508              4,082          4,508 
Junior subordinated 
 debt securities     307,776            307,601            297,425            297,250            297,074            307,776        297,074 
Total shareholders' 
 equity              3,023,257          3,069,574          2,825,198          2,822,477          2,782,539          3,023,257      2,782,539 
Common