What analyst predict for BancorpSouth Bank NYSE:BXS?


What analyst predict for BancorpSouth Bank NYSE:BXS?

BancorpSouth Bank NYSE:BXS headquartered in Tupelo, Mississippi, United States is reporting their earnings on 07/18/2018 before the bell. Street forecast for the quarter ending March 2018 is $0.55.

According to stock market daily analyst this is Lower then same time previous year. BancorpSouth Bank, reported EPS for the same quarter last year was $0.42.



Overview of BancorpSouth Bank NYSE:BXS

BancorpSouth Bank is a financial holding company. The Company, through its principal bank subsidiary, conducts commercial banking and financial services operations in Alabama, Arkansas, Florida, Louisiana, Mississippi, Missouri, Tennessee, Texas and Illinois. The Company’s segments include Community Banking, Insurance Agencies, and General Corporate and Other. Its Community Banking segment provides a range of deposit products, commercial loans and consumer loans. Its Insurance Agencies segment serves as agents in the sale of commercial lines of insurance and full lines of property and casualty, life, health and employee benefits products and services. Its General Corporate and Other segment includes mortgage banking, trust services, credit card activities, investment services and other activities not allocated to the Community Banking or Insurance Agencies segments. The Bank and its subsidiaries provide a range of financial services to individuals and small-to-medium size businesses. The Bank operates an insurance agency subsidiary, which engages in sales of insurance products. The Bank’s wealth management department offers a range of services, including investment brokerage services, personal trust and estate services, certain employee benefit accounts and plans, including individual retirement accounts and limited corporate trust functions.

Lending Activities

The Bank’s lending activities include both commercial loans and consumer loans. The Bank offers a range of commercial loan services, including term loans, lines of credit, equipment and receivable financing and agricultural loans. A range of short-to-medium term commercial loans, both secured and unsecured, are made available to businesses for working capital, including inventory and receivables, business expansion, including acquisition and development of real estate and improvements, and the purchase of equipment and machinery. The Bank also makes construction loans to real estate developers for the acquisition, development and construction of residential subdivisions. A portion of the Bank’s lending activities consists of the origination of fixed and adjustable rate residential mortgage loans secured by owner-occupied property located in its market areas. In addition, the Bank offers construction loans, second mortgage loans and home equity lines of credit. Non-residential consumer loans made by the Bank include loans for automobiles, recreation vehicles, boats, personal, such as secured and unsecured, and deposit account secured loans. As of December 31, 2016, the Company’s total loans and leases were $10.8 billion.

Investment Activities

The Company uses the Bank’s securities portfolio to make various term investments, to provide a source of liquidity and to serve as collateral to secure certain types of deposits. The Company’s available for sale securities include the United States Government agency securities; the United States Government agency issued residential mortgage-backed securities; the United States Government agency issued commercial mortgage-backed securities; Taxable obligations of states and political subdivisions; Tax-exempt obligations of states and political subdivisions, and Federal Home Loan Bank (FHLB) and other securities. As of December 31, 2016, the Company’s total available for sale securities were $2.53 billion.

Sources of Funds

Deposits are the Bank’s main source of funding its earning assets. Its deposits include noninterest bearing demand deposits, interest bearing demand deposits, savings and other time deposits. As of December 31, 2016, the Company’s total deposits were $11.69 billion. As of December 31, 2016, the Company had $92 million of short-term borrowings from the FHLB or the Federal Reserve.

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