Bancorpsouth, Inc. Declares Quarterly Dividend

At their regular quarterly meeting on October 26, 2005, the Board of Directors of BancorpSouth, Inc. declared a quarterly cash dividend of $0.19 per common share. The dividend is payable January 3, 2006 to shareholders of record at the close of business on December 15, 2005.

BancorpSouth previously reported net income of $22.9 million or $0.29 per diluted share for the third quarter of 2005. Net income for the nine months ended September 30, 2005 was $80.4 million or $1.02 per diluted share.

BancorpSouth, Inc., with total assets of approximately $11.1 billion, 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.