BancorpSouth, Inc. Declares Quarterly Dividend

PRNewswire-FirstCall

TUPELO, Miss.

At their regular quarterly meeting on April 24, 2002, the Board of Directors of BancorpSouth, Inc. declared a quarterly cash dividend of $0.15 per common share. The dividend is payable July 1, 2002 to shareholders of record at the close of business on June 14, 2002.

BancorpSouth previously reported net income of $29.4 million or $0.36 per diluted share for the first quarter of 2002. Net income for the fiscal year ended December 31, 2001 was $98.5 million or $1.19 per diluted share.

BancorpSouth, Inc., currently operates banking, insurance and financial service offices in Alabama, Arkansas, Mississippi, Tennessee, Texas and Louisiana.

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SOURCE: BancorpSouth, Inc.

Contact: L. Nash Allen, Jr., +1-662-680-2330, or Gary C. Bonds,
+1-662-680-2332, both of BancorpSouth, Inc.

Website: http://www.bancorpsouth.com/