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BancorpSouth Sees $4M Charge.(Brief article)
TUPELO, MS -- BancorpSouth earned $1.57 per diluted share last year, up 6.8% from 2005, despite taking a modest impairment charge in the fourth quarter.
BancorpSouth said the pretax, negative impact from a decline in the value of its mortgage servicing rights was $4 million, or three cents per share in the fourth quarter. Fourth-quarter EPS totaled $0.27.
But that didn't stop the company from posting strong earnings growth in 2006. Full-year net income was $125.2 million, up from $115.2 million the year before.
For the full year, the company said its mortgage servicing rights ...
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Source: HighBeam Research, BancorpSouth Sees $4M Charge.(Brief article)