BancorpSouth's 2nd quarter income falls 15.5 percent.(Public Company Reports)

BancorpSouth Inc. of Tupelo, Miss., said income was down 15.5 percent in the second quarter, but it still beat analyst estimates.

The banking company recorded net income of $33.9 million or 41 cents a share, compared with $40.1 million or 49 cents a share for the second quarter of 2008. Analysts had estimated earnings of 30 cents a share.

Total assets at June 30 declined to $13.3 billion from $13.4 billion at June 30, 2008. Total deposits of $10.2 billion increased 3.6 percent from $9.8 billion at June 30, 2008. Loans and leases, net of unearned income, increased 3.0 percent to $9.8 billion at June 30 from $9.5 billion at June 30, 2008.

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