MidSouth Bank

Financial Services banks holding company lending

MidSouth Bank is one of the fastest growing community banks in the South. It has carefully executed plan to meet the growing needs of its customers. MidSouth Bank has 60 locations throughout Louisiana and Texas and customers have access to over 50,000 surcharge free ATMs through the AllPoint Network.

Market capitalization(2018-06-14)

$225.8 M

Total Loans(Q2, 2017)

$1.2 B

Type

Public

Lafayette, US

Founded

1985

Size (employees)

535 (est)

Website

midsouthbank.com

MidSouth Bank was founded in 1985 and is headquartered in Lafayette, US

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MidSouth Bank Office Locations

MidSouth Bank has an office in Lafayette

Lafayette, US (HQ)

102 Versailles Blvd

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MidSouth Bank Financials and Metrics

MidSouth Bank Financials

MidSouth Bank's revenue was reported to be $98.14 m in FY, 2016 which is a 4% decrease from the previous period.

Summary

USD
Revenue (Q1, 2018)	23.8 m
Gross profit (Q1, 2018)	22.2 m
Gross profit margin (Q1, 2018), %	93.2%
Net income (Q1, 2018)	360 k
EBIT (Q1, 2018)	17.4 m
Market capitalization (14-Jun-2018)	225.8 m
Closing share price (14-Jun-2018)	13.6

MidSouth Bank's current market capitalization is $225.8 m.

Source: SEC Filings

Income Statement

Annual

USD	FY, 2013	FY, 2014	FY, 2015	FY, 2016
Revenue	83.2 m	106.4 m	102.2 m	98.1 m
Revenue growth, %		28%	(4%)	(4%)
Cost of goods sold	6.5 m	5.8 m	5.6 m	5.7 m
Gross profit	76.7 m	100.6 m	96.6 m	92.4 m

Quarterly

USD	Q3, 2013	Q1, 2014	Q2, 2014	Q3, 2014	Q1, 2015	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017	Q2, 2017	Q1, 2018
Revenue	25.7 m	28.3 m	25.9 m	27.2 m	25.6 m	27 m	25.4 m	24.3 m	24.3 m	24.8 m	24.6 m	25 m	23.8 m
Cost of goods sold	1.6 m	1.5 m	1.5 m	1.5 m	1.4 m	1.4 m	1.4 m	1.4 m	1.4 m	1.4 m	1.5 m	1.5 m	1.6 m
Gross profit	24.1 m	26.8 m	24.4 m	25.7 m	24.2 m	25.5 m	24 m	22.9 m	22.9 m	23.4 m	23.1 m	23.5 m	22.2 m
Gross profit Margin, %	94%	95%	94%	94%	94%	95%	95%	94%	94%	94%	94%	94%	93%

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Source: SEC Filings

Balance Sheet

Annual

USD	FY, 2013	FY, 2014	FY, 2015	FY, 2016	FY, 2017
Accounts Receivable	6.7 m	6.6 m	6.6 m	7.6 m
Inventories				1.3 b	1.2 b
Goodwill	42.2 m	42.2 m	42.2 m	42.2 m	42.2 m
Total Assets	1.9 b	1.9 b	1.9 b	1.9 b	1.9 b

Quarterly

USD	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017	Q2, 2017	Q1, 2018
Inventories	1.3 b	1.3 b	1.3 b	1.3 b	1.3 b	1.3 b	1.2 b	1.1 b
Goodwill	42.2 m	42.2 m	42.2 m	42.2 m	42.2 m	42.2 m	42.2 m	42.2 m
Total Assets	1.9 b	2 b	1.9 b	1.9 b	2 b	1.9 b	1.9 b	1.9 b
Accounts Payable	1.6 b	1.5 b	1.6 b	1.6 b	1.6 b	1.6 b	1.5 b	1.5 b

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Cash Flow

Annual

USD	FY, 2013	FY, 2014	FY, 2015	FY, 2016	FY, 2017
Net Income	14.2 m	19.1 m	11 m	9.4 m
Depreciation and Amortization	5.6 m	6.1 m	6.2 m	5.9 m	5.7 m
Inventories
Accounts Payable

Quarterly

USD	Q3, 2013	Q1, 2014	Q2, 2014	Q3, 2014	Q1, 2015	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017	Q2, 2017	Q1, 2018
Net Income	10.6 m	6.9 m	11 m	15.4 m	1.5 m	6.6 m	9.2 m	2.3 m	4.8 m	7.2 m	2.5 m		360 k
Depreciation and Amortization	4.1 m	1.5 m	3 m	4.5 m	1.6 m	3.1 m	4.7 m	1.5 m	3 m	4.4 m	1.5 m	2.9 m	1.2 m
Cash From Operating Activities	18.4 m	10.9 m	15.7 m	22.6 m	9.1 m	12.9 m	23.6 m	7.1 m	18.8 m	21.3 m	8.2 m	13.5 m	19.7 m
Cash From Investing Activities	(60.4 m)	(32.1 m)	(39.3 m)	(46.4 m)	(47 m)	(25.8 m)	(15.2 m)	33 m	9 m	1.8 m	722 k	34.7 m	61.7 m

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Ratios

USD	Y, 2018
Financial Leverage	7.4 x

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MidSouth Bank Operating Metrics

MidSouth Bank's Total Loans was reported to be $1.2b in Q2, 2017.

	FY, 2014	Q1, 2015	Q2, 2015	Q3, 2015	FY, 2015	Q1, 2016	Q2, 2016	Q3, 2016	FY, 2016	Q1, 2017	Q2, 2017
Bank Branches	58				58				57
Non-accrual Loans	$10.70 m	$12.89 m	$23.87 m	$51.62 m	$50.05 m	$53.71 m	$59.87 m	$60.52 m	$62.58 m	$56.44 m	$54.81 m
Non-performing Loans	$10.89 k	$12.93 m	$24.48 m	$51.70 m	$50.20 m	$58.15 m	$59.92 m	$61.49 m	$62.85 m	$57.22 m	$54.98 m
Total Loans	$1.28 b	$1.31 b	$1.29 b	$1.30 b	$1.26 b	$1.25 b	$1.26 b	$1.27 b	$1.28 b	$1.27 b	$1.24 b