TUPELO, Miss., Oct. 27, 2021 /PRNewswire/ -- At its regular
quarterly meeting today, the Board of Directors of BancorpSouth
Bank (NYSE: BXS) (the company) declared a quarterly cash dividend
of $0.20 per share of common
stock. The common stock dividend is payable on January 3, 2022, to shareholders of record at the
close of business on December 15,
2021. Subject to the satisfaction of customary closing
conditions, the company expects to complete its pending merger with
Cadence Bancorporation, the parent company of Cadence Bank N.A., effective October 29, 2021. Accordingly, legacy
Cadence shareholders, who receive shares of company common stock in
the merger and continue to hold such shares as of the record date,
will be eligible to receive this dividend.
The board of directors also declared a quarterly cash dividend
of $0.34375 per share of Series A
Preferred Stock. The preferred stock dividend is payable on
November 22, 2021, to shareholders of
record at the close of business on November
5, 2021.
BancorpSouth earlier reported financial results for the third
quarter of 2021. Net income available to common shareholders was
$70.4 million, or $0.65 per diluted share, and net operating income
available to common shareholders – excluding MSR – was $73.3 million, or $0.68 per diluted share.
About BancorpSouth Bank
BancorpSouth Bank (NYSE: BXS)
is headquartered in Tupelo,
Mississippi, with approximately $28
billion in assets. BancorpSouth operates approximately
315 full-service branch locations as well as additional mortgage,
insurance, and loan production offices in Alabama, Arkansas, Florida, Georgia, Louisiana, Mississippi, Missouri, Tennessee and Texas, including an insurance location in
Illinois. BancorpSouth is committed to a culture of respect,
diversity, and inclusion in both its workplace and communities. To
learn more, visit our Community Commitment page at
www.bancorpsouth.com; "Like" us on Facebook; follow us on Twitter
and Instagram: @MyBXS; or connect with us through
LinkedIn.
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SOURCE BancorpSouth Bank