BancorpSouth, Inc. Declares Quarterly Dividend

At their regular quarterly meeting on January 25, 2006, the Board of Directors of BancorpSouth, Inc. declared a quarterly cash dividend of $0.19 per common share. The dividend is payable April 3, 2006 to shareholders of record at the close of business on March 15, 2006.

BancorpSouth previously reported net income of $34.8 million or $0.44 per diluted share for the fourth quarter of 2005. Net income for the year ended December 31, 2005 was $115.2 million or $1.47 per diluted share.

BancorpSouth, Inc., with total assets of approximately $11.8 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.