![]() BancorpSouth, Inc. Gulf South Bank Conference May 12-14, 2014 Exhibit 99.1 |
![]() Forward Looking Information 2 Certain statements contained in this presentation and the accompanying slides may not be based on historical facts and are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements may be identified by reference to a future period or by the use of forward-looking terminology, such as “anticipate,” “believe,” “estimate,” “expect,” “foresee,” “may,” “might,” “will,” “intend,” “could,” “would” or “plan,” or future or conditional verb tenses, and variations or negatives of such terms. These forward-looking statements include, without limitation, statements relating to non- accrual loans, revenue estimates for the Company’s operations in Houston, Texas following the closing of the transaction with GEM Insurance Agencies, LP, the terms and closing of the proposed transactions with Ouachita Bancshares Corp. and Central Community Corporation, acceptance by customers of Ouachita Bancshares Corp. and Central Community Corporation of the Company’s products and services, the opportunities to enhance market share in certain markets and market acceptance of the Company generally in new markets, pro forma loan, deposit and market share information, the impact of and the Company’s ability to implement cost-saving initiatives, our ability to improve efficiency, and future growth, expansion, and consolidation opportunities. We caution you not to place undue reliance on the forward-looking statements contained in this presentation in that actual results could differ materially from those indicated in such forward-looking statements because of a variety of factors. These factors may include, but are not limited to, the ability to obtain required regulatory approval for the proposed mergers with Ouachita Bancshares Corp. and Central Community Corporation, the ability of the Company, Ouachita Bancshares Corp. and Central Community Corporation to close the mergers, the ability of the Company to retain key personnel after the pending mergers and the Knox acquisition, conditions in the financial markets and economic conditions generally, the adequacy of the Company’s provision and allowance for credit losses to cover actual credit losses, the credit risk associated with real estate construction, acquisition and development loans, losses resulting from the significant amount of the Company’s other real estate owned, limitations on the Company’s ability to declare and pay dividends, the impact of legal or administrative proceedings, the availability of capital on favorable terms if and when needed, liquidity risk, governmental regulation, including the Dodd Frank Act, and supervision of the Company’s operations, the short-term and long-term impact of changes to banking capital standards on the Company’s regulatory capital and liquidity, the impact of regulations on service charges on the Company’s core deposit accounts, the susceptibility of the Company’s business to local economic or environmental conditions, the soundness of other financial institutions, changes in interest rates, the impact of monetary policies and economic factors on the Company’s ability to attract deposits or make loans, volatility in capital and credit markets, reputational risk, the impact of hurricanes or other adverse weather events, any requirement that the Company write down goodwill or other intangible assets, diversification in the types of financial services the Company offers, the Company’s ability to adapt its products and services to evolving industry standards and consumer preferences, competition with other financial services companies, risks in connection with completed or potential acquisitions, the Company’s growth strategy, interruptions or breaches in the Company’s information system security, the failure of certain third party vendors to perform, unfavorable ratings by rating agencies, dilution caused by the Company’s issuance of any additional shares of its common stock to raise capital or acquire other banks, bank holding companies, financial holding companies and insurance agencies, other factors generally understood to affect the financial results of financial services companies and other factors detailed from time to time in the Company’s press releases and filings with the Securities and Exchange Commission. Forward-looking statements speak only as of the date they were made, and, except as required by law, we do not undertake any obligation to update or revise forward-looking statements to reflect events or circumstances after the date of this presentation. Certain tabular presentations may not reconcile because of rounding. Unless otherwise noted, any quotes in this presentation can be attributed to company management. |
![]() About BancorpSouth, Inc. (NYSE:BXS) Total assets of $13.1 billion Headquartered in Tupelo, MS 256 full-service banking locations reaching throughout an 8-state footprint Customer-focused business model with comprehensive line of financial products and banking services for individuals and small to mid-size businesses Strong core capital base consisting of 100% common equity Market capitalization of $2.4 billion 3 Data as of March 31, 2014 |
![]() Community Bank Structure – 8 State Footprint 4 * *The Central Texas Region will be added in conjunction with the Central Community Corporation pending merger. |
![]() COMMUNITY BANK Personal Banking Business Banking Deposit Offerings Business Loans Consumer Lending Full Range of Deposit Products Home Equity Lending Treasury Management Mobile/Internet Banking Merchant Services Prepaid Cards Payroll and HR Management Insurance 168 Licensed Producers in 30 Locations Commercial, P&C, and Life Insurance Trust and Wealth Management $7 Billion Total Assets Under Management 17 Locations Mortgage 109 Originators in 84 Locations $197 million in Production for Q1 ($1.4 Billion in Production for 2013) 5 Equipment Finance and Leasing Territory Managers Covering 14 States Portfolio Balance of $500+ Million Wide Range of Product Offerings As of and for the quarter ended March 31, 2014 |
![]() Diversified Revenue Stream Approximately 40% of Total Revenue is Derived from Noninterest Sources Total Noninterest Revenue of $263.9M* 6 Total Revenue of $666.3M* Net Interest Revenue 60% Noninterest Revenue 40% Insurance Commissions 39% Mortgage lending 11% Card and merchant fees 13% Deposit service charges 20% Trust income 5% Other 12% Percentages and amounts based on data for rolling 12 month period ended March 31, 2014 *Excludes negative MSR valuation adjustment of $6.4 million |
![]() Q1 2014 Highlights Net income of $28.4 million, or $0.30 per diluted share Announced the signing of two definitive merger agreements Ouachita Bancshares Corp. (Ouachita Independent Bank) Central Community Corporation (First State Bank Central Texas) Produced $31.6 million of insurance commission revenue Generated net loan growth of $110.4 million, or 5.0% annualized Net interest margin remained relatively stable at 3.54% Continued progress toward reducing non-interest expense Subsequent acquisition announcement Knox Insurance Group, LLC* 7 At and for the three months ended March 31, 2014 *Closed on April 9, 2014 |
![]() Diluted EPS 8 Fiscal Year Quarter Ended Growth in Earnings Per Share $0.99 $0.27 $0.45 $0.90 $0.99 $0.30 $0.00 $0.20 $0.40 $0.60 $0.80 $1.00 $1.20 2009 2010 2011 2012 2013 Q1 14 |
![]() NPA Improvement Total NPAs Have Declined 48% in the Last 12 Months 9 Dollars in millions NPLs consist of nonaccrual loans, loans 90+ days past due and restructured loans NPAs consist of NPLs and other real estate owned $110 $121 $149 $174 $246 $295 $370 $492 $528 $561 $531 $525 $496 $453 $411 $376 $337 $303 $256 $221 $190 $157 $0 $125 $250 $375 $500 $625 4Q 08 1Q 09 2Q 09 3Q 09 4Q 09 1Q 10 2Q 10 3Q 10 4Q 10 1Q 11 2Q 11 3Q 11 4Q 11 1Q 12 2Q 12 3Q 12 4Q 12 1Q 13 2Q 13 3Q 13 4Q 13 1Q 14 NPLs OREO |
![]() Loan Growth Dollars in millions Produced net loan growth for 4 consecutive quarters 10 Fiscal Year Quarter Ended $9,691 $9,775 $9,333 $8,870 $8,637 $8,582 $8,679 $8,773 $8,958 $9,068 $7,500 $8,000 $8,500 $9,000 $9,500 $10,000 4Q 08 4Q 09 4Q 10 4Q 11 4Q 12 1Q 13 2Q 13 3Q 13 4Q 13 1Q 14 |
![]() Recent Transaction Announcements - Bank Ouachita Bancshares Corp. (Ouachita Independent Bank) Assets - $650 million; Loans - $475 million; Deposits - $550 million In-market expansion – enhance presence along I-20 corridor • Footprint overlap in Shreveport and Monroe • Meaningful cost saving opportunities Low-risk opportunity • Similar cultures and operating styles • Clean credit quality Accretive to earnings per share Central Community Corporation (First State Bank Central Texas) Assets - $1.3 billion; Loans - $550 million; Deposits - $1.1 billion Footprint expansion – high growth Austin, TX market and other markets along I-35 corridor • Austin, TX ranked No. 1 economy in the U.S. based on the economic rankings of The Business Journals’ On Numbers report • Foundation for growth in Texas, both organically and future consolidation opportunities Similar business models with community and customer focus Accretive to earnings per share 11 Financial data as of December 31, 2013 |
![]() Recent Transaction Announcements - Insurance GEM Insurance Agencies, LP Announced and closed December 18, 2013 Located in Houston, TX Platform expansion in high growth market • Annual revenues of approximately $9 million • Diverse customer base including CRE, manufacturing, distribution, and service companies Operates under leadership of Ed Schreiber Legacy BXS office consolidated into GEM location Knox Insurance Group, LLC Announced and closed April 9, 2014 Located in Lafayette, LA • Annual revenues of approximately $3 million • Specialties include workers comp, business auto, P&C, and general/umbrella liability Operates under leadership of Dwayne David and Randall Bonaventure 12 |
![]() Footprint Expansion 13 BancorpSouth (256) Ouachita* (12) First State Bank* (31) Source: SNL Financial *Transactions pending |
![]() 14 Deposit Market Share Source: SNL Financial Note: Deposit market share data as of June 30, 2013. Pro forma information excludes purchase accounting adjustments Ouachita Bancshares Corp. and Central Community Corporation transactions pending All three institutions funded with 100% core deposits Market BXS Market Share Rank 6/30/13 Total BXS Deposits 6/30/13 Percentage of Total Company Deposits BXS Market Share 2013 (%) Ouachita Bancshares Corp. Deposits 6/30/13 Central Community Corp. Deposits 6/30/13 Pro Forma Deposits 6/30/13 Pro Forma Percentage of Total Company Deposits Pro Forma Market Share Market Share Rank 6/30/13 Pro Forma 2013 (%) Market YoY Deposit Growth 2013 (%) Mississippi 3 5,069,157 $ 46.4% 10.6% - $ - $ 5,069,157 $ 40.7% 3 10.6% 2.6% Texas 826,576 7.6% 0.1% - 977,625 1,804,201 14.5% 29 0.3% 8.9% Arkansas 7 1,733,083 15.9% 3.3% - - 1,733,083 13.9% 7 3.3% -0.5% Louisiana 11 955,359 8.7% 1.0% 533,685 - 1,489,044 12.0% 7 1.6% 5.3% Tennessee 15 1,184,566 10.8% 1.0% - - 1,184,566 9.5% 15 1.0% 0.1% Alabama 13 824,116 7.5% 1.0% - - 824,116 6.6% 13 1.0% 1.8% Missouri 66 317,286 2.9% 0.2% - - 317,286 2.6% 66 0.2% 6.2% Florida 246 19,351 0.2% 0.0% - - 19,351 0.2% 246 0.0% 4.1% Total 10,929,494 $ 100.0% 533,685 $ 977,625 $ 12,440,804 $ 100.0% 6/30/13 Deposit Market Share ($ in thousands) 65 |
![]() Summary Focus on growth Meaningful net loan growth during 2013 and Q1 2014 Insurance agency acquisitions GEM Insurance Agencies, LP – Houston, TX (December 18, 2013) Knox Insurance Group, LLC – Lafayette, LA (April 9, 2014) Recent additions to mortgage production team Profitability and performance improvement Continued progress in improving asset quality Bank transaction announcements Expand market share in Louisiana along I-20 corridor Enter Austin, TX market and other high growth markets along I-35 corridor 15 |
![]() Investor Inquiries: Will Fisackerly Director of Corporate Finance BancorpSouth, Inc. - -2475 will.fisackerly@bxs.com contained on the website and is not, and should not, be deemed a part of this presentation 662 *Reference to BancorpSouth’s website does not constitute incorporation by reference of the information 680 BancorpSouth’s common stock is listed on the New York Stock Exchange under the symbol BXS. Additional information can be found at www.bancorpsouth.com .* |