BancorpSouth Inc. in Tupelo, Miss., surprised investors late last week by announcing it would delay filing its annual report because auditors found asset-quality issues that will likely require an earnings restatement.

The $13.2 billion-asset company has weathered the economic downturn relatively well, and it declined on Friday to provide further details on the extent of its credit problems or when it would file the report with the Securities and Exchange Commission.

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