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    BancorpSouth profit rises 28 percent in quarter

    9:01 PM, Jan 23, 2013   |    comments
    (Photo: BancorpSouth.com)
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    TUPELO, Miss. (AP) - BancorpSouth says profit in 2012's fourth quarter rose 28 percent from the same three months of 2011, as mortgage fees remained high and the bank set aside less money for future loan losses.

    The bank said Wednesday it posted a quarterly profit of $17 million, or 18 cents per share, up from $13.3 million, or 16 cents per share, in 2011's fourth quarter.

    Analysts predicted 24 cents a share, on an adjusted basis, according to FactSet.

    BancorpSouth posted return on average assets of 0.5 percent. That key measure of bank profit was lower than most banks nationwide posted in the third quarter, according to the FDIC.

    The $13.4 billion bank has offices in Mississippi, Alabama, Arkansas, Florida, Louisiana, Missouri and Tennessee.

    (Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

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