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BancorpSouth (BXS) in Tupelo, Miss., has acquired Knox Insurance Group in Lafayette, La.
April 10 -
The Mississippi bank's latest acquisition would take it into the Austin, Texas, market, but CEO Dan Rollins refuses to answer questions from investors and analysts about how quickly it would earn back its dilution of tangible book value.
January 24
BancorpSouth (BXS) in Tupelo, Miss., reported higher quarterly profit
The $13 billion-asset company's first-quarter earnings rose 37% from a year earlier, to $28.4 million.
Net interest income increased by 3.5%, to $101.5 million. Total loans rose 6%, to $9.1 billion and the net interest margin widened by 17 basis points, to 3.54%.
Loan growth combined with "the repricing of high-cost time deposits," allowed BancorpSouth to maintain its margin "at a relatively stable level," Dan Rollins, the company's chief executive, said in a press release Monday.
BancorpSouth also