BancorpSouth, Inc. announced unaudited consolidated financial results for the fourth quarter and full year ended December 31, 2016. The company reported net income of $37.7 million, or $0.40 per diluted share, for the fourth quarter of 2016 compared with net income of $21.2 million, or $0.22 per diluted share, for the fourth quarter of 2015 and net income of $37.8 million, or $0.40 per diluted share, for the third quarter of 2016. The company reported net operating income – excluding MSR – of $30.7 million, or $0.33 per diluted share, for the fourth quarter of 2016 compared to $29.6 million, or $0.31 per diluted share, for the fourth quarter of 2015 and $36.7 million, or $0.39 per diluted share, for the third quarter of 2016. Net interest revenue was $115.387 million against $111.230 million a year ago. Income before income taxes was $55.843 million against $30.265 million a year ago. Return on tangible equity was 10.70% against 6.25% a year ago. Return on average assets was 1.02% against 0.61% a year ago. Return on average shareholders' equity was 8.69% against 5.09% a year ago.

Additionally, the company reported net income of $132.7 million, or $1.41 per diluted share, for the year ended December 31, 2016 compared to $127.5 million, or $1.33 per diluted share, for the year ended December 31, 2015. Additionally, the company reported net operating income – excluding MSR – of $141.4 million, or $1.50 per diluted share, for the year ended December 31, 2016 compared to $138.4 million, or $1.44 per diluted share, for the year ended December 31, 2015. Net interest revenue was $453.452 million against $435.682 million a year ago. Income before income taxes was $196.444 million against $186.739 million a year ago. Return on tangible equity was 9.47% against 9.50% a year ago. Return on average assets was 0.93% against 0.94% a year ago. Return on average shareholders' equity was 7.80% against 7.71% a year ago. Book value per share was $18.40 against $17.58 a year ago. Tangible book value per share was $14.95 against $14.27 a year ago.

Net charge-offs for the fourth quarter of 2016 were $3.2 million, compared with net charge-offs of $6.6 million for the fourth quarter of 2015.