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Stock impact report

BancorpSouth Announces 2020 Share Repurchase Program

BancorpSouth Bank (BXS) 
Last bancorpsouth bank earnings: 4/20 04:30 pm Check Earnings Report
US:NYSE Investor Relations: bancorpsouth.investorroom.com
Company Research Source: PR Newswire
TUPELO, Miss., Dec. 12, 2019 /PRNewswire/ -- BancorpSouth Bank (NYSE: BXS) (BancorpSouth) announced today that its Board of Directors has authorized a new share repurchase program to purchase up to an aggregate of 8 million shares of BancorpSouth's common stock. This new share repurchase program will become effective January 2, 2020 and will expire on December 31, 2020. Under the current share repurchase program, BancorpSouth has purchased 2,173,081 shares of the 3 million total shares authorized for repurchase. BancorpSouth may (or may not) repurchase the remaining 826,919 shares under the current share repurchase program on or prior to December 31, 2019.  As a result of the successful completion of its previously announced public offering of $300 million of its 4.125% Fixed-to-Floating Rate Subordinated Notes and $172.5 million of its 5.5% Series A Non-Cumulative Perpetual Preferred Stock, BancorpSouth was able to increase the authorization under its new share repurchase program.  U Show less Read more
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