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BancorpSouth Exhibit 99.1 News Release Contact : John G. Copeland Senior Executive Vice President and Chief Financial Officer 662 / 680-2536 Will Fisackerly Executive Vice President and Director of Corporate Finance 662 / 680-2475 BancorpSouth Announces Third Quarter 2021 Results TUPELO , Miss . , October 25 , 2021 / PRNewswire - BancorpSouth Bank ( NYSE : BXS ) ( the Company ) today announced financial results for the quarter ended September 30 , 2021 . • • • • • • • Highlights for the third quarter of 2021 included : Achieved quarterly net income available to common shareholders of $ 70.4 million , or $ 0.65 per diluted common share , and net operating income available to common shareholders - excluding MSR - of $ 73.3 million , or $ 0.68 per diluted common share . Generated $ 90.1 million in pre - tax pre - provision net revenue ( PPNR ) , or 1.29 percent of average assets on an annualized basis . Generated organic total deposit and customer repo growth of $ 722.2 million for the quarter , or 12.2 percent on an annualized basis , and total organic net loan growth of approximately $ 121.6 million , or 3.3 percent on an annualized basis , excluding Paycheck Protection Program ( PPP ) activity . Fee income businesses continue to perform at a high level as mortgage origination volume totaled $ 788.9 million for the quarter while insurance commission revenue grew over 9 percent compared to the third quarter of 2020 . Continued stability in credit quality metrics including net recoveries of $ 2.1 million for the quarter ; recorded negative provision for credit losses of $ 7.0 million for the quarter . Repurchased 1,742,474 shares of outstanding common stock at a weighted average price of $ 28.69 per share . Maintained strong regulatory capital metrics ; estimated total risk - based capital of 14.27 percent at September 30 , 2021 compared to 14.50 percent at June 30 , 2021 . Recorded a charge of $ 2.4 million in accordance with Accounting Standards Codification ( ASC ) 715 " Compensation - Retirement Benefits " to reflect the settlement accounting impact of elevated lump sum retirement payments that have occurred in 2021 . - MORE - BancorpSouth Bank • 201 South Spring Street • Tupelo , MS 38804 ( 662 ) 680-2000