UPDATE 1-BancorpSouth revises Q4 results

Mon Mar 15, 2010 5:17pm EDT

* Revises Q4 EPS $0.23 to a loss of $0.03/shr

* Provisions for credit losses rise by $27.6 mln March 15 (Reuters) - BancorpSouth Inc (BXS.N) revised its fourth-quarter net income to a loss hurt mainly by a $27.6 million increase in provision for credit losses.

The quarterly net loss was $2.1 million, or 3 cents a share, revised from previously reported net income of $19.4 million, or 23 cents a share. [ID:nSGE60K0LA]

The company had earlier said it had delayed its filing of annual report and is reviewing certain asset quality indicators, including the allowance for credit losses. [ID:nSGE61P0LQ]

Shares of the company closed at $19.98 Monday on the New York Stock Exchange. (Reporting by Supantha Mukherjee in Bangalore; Editing by Jarshad Kakkrakandy)

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