BancorpSouth, Inc.

Financial Information

As of December 31, 2012

Exhibit 99.2

Forward Looking Information

2

Certain statements contained in this presentation and the accompanying slides may not be based on historical facts and are “forward-looking statements”

within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. 

These forward-looking statements may be identified by reference to a future period or by the use of forward-looking terminology, such as “anticipate,”

“believe,” “estimate,” “expect,” “foresee,” “may,” “might,” “will,” “intend,” “could,” “would” or “plan,” or future or conditional verb tenses, and variations or

negatives of such terms. These forward-looking statements include, without limitation, statements about long-term prospects for shareholder value, results

of operations and financial condition. We caution you not to place undue reliance on the forward-looking statements contained in this presentation, in that

actual results could differ materially from those indicated in such forward-looking statements as a result of a variety of factors. These factors may include,

but are not limited to, conditions in the financial markets and economic conditions generally, the ongoing debt crisis and the downgrade of the sovereign

credit ratings for various nations, the adequacy of the Company’s provision and allowance for credit losses to cover actual credit losses, the credit risk

associated with real estate construction, acquisition and development loans, losses resulting from the significant amount of the Company’s other real

estate owned, limitations on the Company’s ability to declare and pay dividends, the short-term and long-term impact of changes to banking capital

standards on the Company’s regulatory capital and liquidity, the impact of legal or administrative proceedings, the availability of capital on favorable terms

if and when needed, liquidity risk, governmental regulation, including the Dodd Frank Act,  and supervision of the Company’s operations, the impact of

regulations on service charges on the Company’s core deposit accounts, the susceptibility of the Company’s business to local economic conditions, the

soundness of other financial institutions, changes in interest rates, the impact of monetary policies and economic factors on the Company’s ability to

attract deposits or make loans, volatility in capital and credit markets, reputational risk, the impact of hurricanes or other adverse weather events, any

requirement that the Company write down goodwill or other intangible assets, diversification in the types of financial services the Company offers,

competition with other financial services companies, risks in connection with completed or potential acquisitions, the Company’s growth strategy,

interruptions or breaches in the Company’s information system security, the failure of certain third party vendors to perform, dilution caused by the

Company’s issuance of any additional shares of its common stock to raise capital or acquire other banks, bank holding companies, financial holding

companies and insurance agencies, the effectiveness of the Company’s internal controls, other factors generally understood to affect the financial results

of financial services companies and other factors detailed from time to time in the Company’s press releases and filings with the Securities and Exchange

Commission.  Forward-looking statements speak only as of the date they were made, and, except as required by law, we do not undertake any obligation

to update or revise forward-looking statements to reflect events or circumstances after the date of this presentation. Certain tabular presentations may not

reconcile because of rounding. Unless otherwise noted, any quotes in this presentation can be attributed to company management.

Appointed James D. Rollins III as the Company’s new Chief Executive

Officer

Net income of $17.0 million, or $0.18 per diluted share

Mortgage production of $549 million, which contributed to $17.2

million of mortgage lending revenue

OREO sales of $27.9 million contributed to a 19.5% decline in OREO

and a 10.3% reduction in total NPAs

Continued improvement in many other credit quality indicators

including total NPLs, classified loans, net charge-offs, and near term

delinquencies

Capital ratios continue to improve

3

At and for the three months ended December 31, 2012

Q4 Highlights

4

Capital Highlights

15.08%

13.82%

10.25%

13.03%

11.77%

8.85%

8.00%

10.00%

12.00%

14.00%

16.00%

12/31/11

3/31/12

6/30/12

9/30/12

12/31/2012

Total capital

Tier I capital

Tier I leverage capital

Provision for credit losses of $6.0 million was flat compared to

the

previous quarter

NPLs decreased $13.8 million, or 5.6%, and NPAs declined $38.7 million,

or 10.3%

OREO decreased $25.0 million, or 19.5%

56% of non-accrual loans were paying as agreed

Near-term delinquencies declined $15.5 million, or 35.5%

Substandard classified loans declined $44.3 million, or 8.4%

Credit Quality Highlights

5

At and for the three months ended December 31, 2012

“Paying as Agreed” includes loans < 30 days past due with payments occurring at least quarterly

6

Recent Operating Results

12/31/12

9/30/12

12/31/11

Net interest revenue

$100.9

$103.4

$107.5

(6.2)

%

Provision for credit losses

6.0

6.0

19.3

(68.8)

Noninterest revenue

70.9

70.4

65.3

8.5

Noninterest expense

143.2

133.8

135.9

5.4

Income before income taxes

22.5

34.0

17.7

27.2

Income tax provision

5.6

10.2

4.4

26.0

Net income

$17.0

$23.8

$13.3

27.6

Net income per share:  diluted

$0.18

$0.25

$0.16

12.5

      Three Months Ended

Q4'12 vs. Q4'11

% Change

Dollars in millions, except per share data

Noninterest Revenue

7

Q4 '12 vs.

12/31/12

9/30/12

12/31/11

Q4 '11

Mortgage origination and servicing

17,005

$

16,755

$

9,919

$  

71.4

%

MSR valuation adjustment

183

(3,206)

(991)

NM

Credit card, debit card and merchant fees

8,125

8,270

7,783

4.4

Service charges

13,875

14,189

17,412

(20.3)

Trust income

3,391

3,101

3,348

1.3

Security gains, net

152

39

18

NM

Insurance commissions

20,502

23,519

19,416

5.6

Other

7,668

7,753

8,430

(9.0)

        Total noninterest revenue

70,901

$

70,420

$

65,335

$

8.5

%

Three Months Ended

Dollars in thousands

NM – Not meaningful

Loan Portfolio

8

As of

12/31/12

12/31/11

$ Change

Commercial and industrial

1,477

$ 

1,474

$ 

3

$        

0.2

%

Real estate:

Consumer mortgages

1,874

1,945

(71)

(3.7)

Home equity

486

514

(28)

(5.5)

Agricultural

256

239

17

7.0

Commercial and industrial-owner occupied

1,333

1,302

32

2.4

Construction, acquisition and development

736

908

(173)

(19.0)

Commercial

1,749

1,754

(5)

(0.3)

Credit Cards

105

106

(1)

(1.3)

Other

622

627

(6)

(0.9)

Total

8,637

$ 

8,870

$ 

(233)

$  

(2.6)

%

% Change

Dollars in millions

Net loans and leases

Non-Performing Loans

9

As of

12/31/12

12/31/11

$ Change

Commercial and industrial

10.2

$   

13.6

$   

(3.3)

$   

(24.4)

%

Real estate:

Consumer mortgages

40.7

52.6

(11.9)

(22.7)

Home equity

3.5

2.0

1.5

71.8

Agricultural

8.0

4.3

3.8

88.0

Commercial and industrial-owner occupied

28.3

42.0

(13.7)

(32.7)

Construction, acquisition and development

72.0

135.2

(63.2)

(46.7)

Commercial

62.2

61.8

0.4

0.6

Credit Cards

2.5

3.4

(0.9)

(25.2)

Other

6.1

7.4

(1.3)

(17.4)

Total

233.6

$ 

322.3

$ 

(88.7)

$ 

(27.5)

%

% Change

Dollars in millions

Net loans and leases

NPA Improvement

10

$409

$394

$425

$380

$363

$322

$285

$267

$247

$234

$83

$133

$136

$151

$163

$174

$168

$144

$128

$103

$492

$528

$561

$531

$525

$496

$453

$411

$376

$337

$200

$300

$400

$500

$600

9/30/10

12/31/10

3/31/11

6/30/11

9/30/11

12/31/11

3/31/12

6/30/12

9/30/12

12/31/12

NPLs

OREO

Dollars in millions  

NPLs include nonaccrual loans, loans 90+ days past due and restructured loans

NPAs include NPLs and other real estate owned 

Non-Accrual Loans

51%

54%

55%

57%

56%

56% of non-accrual loans were paying as agreed as of December 31, 2012

11

“Paying as Agreed” includes loans < 30 days past due with payments occurring at least quarterly

Dollars in millions

$0

$100

$200

$300

$400

12/31/11

3/31/12

6/30/12

9/30/12

12/31/12

Non-Accrual Lns Paying as Agreed

All Other Non-Accrual Lns

Payments Received on Non-Accrual Loans

12

$15.1

$20.6

$27.1

$26.7

$31.6

$0

$5

$10

$15

$20

$25

$30

$35

12/31/11

3/31/12

6/30/12

9/30/12

12/31/12

Payments of $106 million received on non-accrual loans during 2012

Dollars in millions 

Data for quarters ended as of dates shown

Dollars in millions

Net Charge-offs Are Stabilizing

% Avg. Loans

13

$51

$51

$52

$33

$23

$24

$23

$12

$13

$11

0.0%

0.5%

1.0%

1.5%

2.0%

2.5%

3.0%

$0

$10

$20

$30

$40

$50

$60

9/30/10

12/31/10

3/31/11

6/30/11

9/30/11

12/31/11

3/31/12

6/30/12

9/30/12

12/31/12

Net charge-offs

Net charge-offs / average loans

Net charge-offs for the quarters ended as of the dates shown