Financials BancorpSouth Nyse

Equities

BXS

US05971J1025

Banks

End-of-day quote Nyse Other stock markets 06:00:00 2024-02-04 pm EST			5-day change	1st Jan Change
25.8 ^USD	-1.90%		-8.74%	-12.81%

Apr. 24	Cadence Bank Declares Quarterly Common Dividends, Payable on July 1, 2024	CI
Apr. 24	Barclays Adjusts Cadence Bank Price Target to $29 From $28, Maintains Equal Weight Rating	MT

Valuation

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	3,291	2,815	5,736	4,499	5,405	5,301	-	-
Enterprise Value (EV) ¹	3,291	2,815	5,736	4,499	5,405	5,301	5,301	5,301
P/E ratio	13.7 x	12.9 x	19.3 x	10 x	10.1 x	11.5 x	10.4 x	-
Yield	2.26%	2.72%	2.62%	3.57%	3.18%	3.42%	3.49%	3.76%
Capitalization / Revenue	3.52 x	2.73 x	4.84 x	2.43 x	2.75 x	2.97 x	2.81 x	2.78 x
EV / Revenue	3.52 x	2.73 x	4.84 x	2.43 x	2.75 x	2.97 x	2.81 x	2.78 x
EV / EBITDA	-	-	-	-	-	-	-	-
EV / FCF	-	-	-	-	-	-	-	-
FCF Yield	-	-	-	-	-	-	-	-
Price to Book	1.3 x	1.06 x	1.1 x	1.09 x	1.08 x	1.01 x	0.93 x	0.8 x
Nbr of stocks (in thousands)	104,771	102,577	192,546	182,445	182,665	182,681	-	-
Reference price ²	31.41	27.44	29.79	24.66	29.59	29.02	29.02	29.02
Announcement Date	1/22/20	1/25/21	1/25/22	1/30/23	1/29/24	-	-	-

¹USD in Million²USD

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	934.4	1,030	1,186	1,849	1,963	1,787	1,887	1,907
EBITDA	-	-	-	-	-	-	-	-
EBIT ¹	304.8	376.3	442.8	610.6	612.3	680	752.4	718.1
Operating Margin	32.62%	36.53%	37.33%	33.03%	31.2%	38.06%	39.87%	37.65%
Earnings before Tax (EBT) ¹	299.5	287.5	246.9	599.4	726.7	618	676.6	-
Net income ¹	234.3	218.6	185.7	453.7	532.8	468.5	513.7	-
Net margin	25.07%	21.21%	15.65%	24.55%	27.15%	26.22%	27.23%	-
EPS ²	2.300	2.120	1.540	2.460	2.920	2.522	2.800	-
Free Cash Flow	-	-	-	-	-	-	-	-
FCF margin	-	-	-	-	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-	-	-
Dividend per Share ²	0.7100	0.7450	0.7800	0.8800	0.9400	0.9925	1.014	1.092
Announcement Date	1/22/20	1/25/21	1/25/22	1/30/23	1/29/24	-	-	-

¹USD in Million²USD

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1
Net sales ¹	266	375.9	441.3	451.1	480.9	475.3	428.3	465.8	448	729.3	437.7	442.3	452.1	456.1	454.7
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
EBIT ¹	86.08	133.8	149.6	165.2	161.2	134.6	174.6	162	153.6	137.9	174.2	171.4	178.7	184	174.6
Operating Margin	32.36%	35.58%	33.9%	36.62%	33.51%	28.33%	40.75%	34.77%	34.28%	18.91%	39.79%	38.74%	39.52%	40.34%	38.4%
Earnings before Tax (EBT) ¹	93.08	-47.69	148.6	163.1	160.1	127.6	99.06	147	118.7	361.9	152.5	150.5	155.8	160.5	152.7
Net income ¹	70.35	-37.03	112.6	124.6	121	95.56	74.26	111.7	90.21	256.7	114.6	114.6	119	122.3	116.2
Net margin	26.45%	-9.85%	25.51%	27.62%	25.17%	20.11%	17.34%	23.97%	20.14%	35.2%	26.18%	25.9%	26.31%	26.82%	25.56%
EPS ²	0.6500	-0.2200	0.6000	0.6800	0.6600	0.5200	0.4000	0.6100	0.4900	1.410	0.6200	0.6170	0.6390	0.6610	0.6338
Dividend per Share ²	0.2000	0.2000	0.2200	0.2200	0.2200	0.2200	0.2350	0.2350	0.2350	0.2350	0.2436	0.2464	0.2482	0.2482	0.2543
Announcement Date	10/25/21	1/25/22	4/25/22	7/25/22	10/24/22	1/30/23	4/24/23	7/24/23	10/23/23	1/29/24	4/22/24	-	-	-	-

¹USD in Million²USD

Estimates

Balance Sheet Analysis

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt	-	-	-	-	-	-	-	-
Net Cash position	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Free Cash Flow	-	-	-	-	-	-	-	-
ROE (net income / shareholders' equity)	9.9%	8.37%	5.86%	10.3%	12.3%	8.95%	9.39%	9.95%
ROA (Net income/ Total Assets)	1.23%	1%	0.65%	0.97%	1.11%	0.95%	1.02%	-
Assets ¹	19,046	21,856	28,565	46,778	48,001	49,259	50,416	-
Book Value Per Share ²	24.10	25.90	27.00	22.70	27.40	28.90	31.10	36.10
Cash Flow per Share	-	-	-	-	-	-	-	-
Capex	-	-	-	-	-	-	-	-
Capex / Sales	-	-	-	-	-	-	-	-
Announcement Date	1/22/20	1/25/21	1/25/22	1/30/23	1/29/24	-	-	-

¹USD in Million²USD

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for BancorpSouth

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

29.02 USD

Average target price

31.96 USD

Spread / Average Target

+10.14%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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