BancorpSouth, Inc. Declares Quarterly Dividend

PRNewswire-FirstCall

TUPELO, Miss.

At their regular quarterly meeting on January 22, 2003, the Board of Directors of BancorpSouth, Inc. declared a quarterly cash dividend of $0.16 per common share. The dividend is payable April 1, 2003 to shareholders of record at the close of business on March 14, 2003.

BancorpSouth previously reported net income of $25.6 million or $0.33 per diluted share for the fourth quarter of 2002. Net income for the fiscal year ended December 31, 2002 was $112.0 million or $1.39 per diluted share.

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

SOURCE: BancorpSouth, Inc.

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

Web site: http://www.bancorpsouth.com/