EXHIBIT 99.2 BANCORPSOUTH, INC. PRESS RELEASE FOR IMMEDIATE RELEASE April 27, 2005 For Further Information Contact: L. Nash Allen, Jr. (662) 680-2330 Gary C. Bonds (662) 680-2332 BANCORPSOUTH, INC. DECLARES QUARTERLY DIVIDEND TUPELO, MS - At their regular quarterly meeting on April 27, 2005, the Board of Directors of BancorpSouth, Inc. (NYSE:BXS) declared a quarterly cash dividend of $0.19 per common share. The dividend is payable July 1, 2005 to shareholders of record at the close of business on June 15, 2005. BancorpSouth previously reported net income of $31.7 million or $0.40 per diluted share for the first quarter of 2005. BancorpSouth, Inc., with total assets of approximately $10.8 billion, operates banking, insurance and financial service offices in Alabama, Arkansas, Mississippi, Tennessee, Texas and Louisiana.