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MSL Midsouth Bancorp

The Company was incorporated in 1984 as a Louisiana corporation and is a registered bank holding company headquartered in Lafayette, Louisiana.  Its operations have been conducted primarily through its wholly owned bank subsidiary MidSouth Bank, N.A.  The Bank, a national banking association, was chartered and commenced operations in 1985.  As of December 31, 2018, the Bank operated through a network of 42 offices located in Louisiana and Texas.

Company profile

Ticker
MSL
Exchange
CEO
James R. McLemore
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
IRS number
721020809

MSL stock data

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Calendar

9 Aug 19
1 Aug 21
31 Dec 21

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

13F holders
Current Prev Q Change
Total holders 1 1
Opened positions 0 0
Closed positions 0 0
Increased positions 0 0
Reduced positions 0 0
13F shares
Current Prev Q Change
Total value 0 0
Total shares 1 1
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners
Shares Value Change
Huntington National Bank 1 $0 0.0%
Largest transactions
Shares Bought/sold Change
Huntington National Bank 1 0 0.0%

Financial report summary

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Risks
  • Because the market price of Hancock Whitney common stock will fluctuate, the value of the merger consideration to be received by our shareholders may change.
  • Regulatory approvals may not be received, may take longer than expected or may impose conditions that are not presently anticipated or cannot be met.
  • Failure of the merger to be completed, the termination of the Merger Agreement, or a significant delay in the consummation of the merger could negatively impact the Company.
  • The Company will be subject to business uncertainties and contractual restrictions while the merger is pending.
  • The Merger Agreement contains provisions that may discourage other companies from pursuing, announcing or submitting a business combination proposal to the Company that might result in greater value to Company shareholders.
Management Discussion
  • Net loss available to common shareholders totaled $3.7 million, or $0.22 per share, for the three months ended June 30, 2019, compared to net loss available to common shareholders of $1.5 million, or $0.09 per share, for the three months ended June 30, 2018. Provision for loan loss totaled $4.8 million and $440,000 for the three months ended June 30, 2019 and 2018, respectively. The loan loss provisions increased substantially during 2019 primarily due to a $3.4 million impairment charge for a shared national healthcare credit.
  • Fully taxable-equivalent ("FTE") net interest income was $16.0 million for the second quarter of 2019, a $1.0 million decrease compared to $17.0 million for the second quarter of 2018, resulting from a $821,000 decrease in interest income and a $216,000 increase in interest expense. Our net interest margin, on a FTE basis, increased 3 basis points in prior year quarterly comparison, from 3.97% for the second quarter of 2018 to 4.00% for the second quarter of 2019.
  • Excluding remediation expenses of $5.3 million for the second quarter of 2018 and merger-related expenses of $1.1 million for the second quarter 2019, noninterest expenses increased $480,000 in quarterly comparison.
Content analysis
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Uncertain
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Readability
H.S. sophomore Bad
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