MidSouth Bancorp (MSL) Financial Statements (2024 and earlier)

Company Profile

Business Address 102 VERSAILLES BLVD
LAFAYETTE, LA 70501
State of Incorp. LA
Fiscal Year End December 31
Industry (SIC) 6021 - National Commercial Banks (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

6/30/2019
MRQ
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 205,454152,96482,22889,20186,87259,731
Cash and cash equivalents 205,454152,96482,22889,20186,87259,731
Asset, held-for-sale, not part of disposal group  3,572  
Total current assets: 205,454156,53682,22889,20186,87259,731
Noncurrent Assets
Property, plant and equipment 55,38259,05768,95469,10569,95872,343
Intangible assets, net (including goodwill), including: 44,58045,68646,79247,89949,00550,112
Goodwill 42,20042,17142,17142,17142,17142,171
Intangible assets, net (excluding goodwill)  3,5154,6215,7286,8347,941
Other undisclosed intangible assets, net (including goodwill) 2,380    
Total noncurrent assets: 99,962104,743115,746117,004118,963122,455
Other undisclosed assets 1,437,9821,619,8731,745,3661,721,5281,730,9051,668,974
TOTAL ASSETS: 1,743,3981,881,1521,943,3401,927,7331,936,7401,851,160
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt 11,22067,133109,86486,38462,524 
Total current liabilities: 11,22067,133109,86486,38462,524 
Noncurrent Liabilities
Other undisclosed liabilities 1,510,1881,560,0041,619,1001,628,2121,665,2041,660,411
Total liabilities: 1,521,4081,627,1371,728,9641,714,5961,727,7281,660,411
Equity
Equity, attributable to parent, including: 221,990254,015214,376213,137209,012190,749
Common stock 1,6641,6551,1361,1361,1491,141
Treasury stock, value     (3,295)(3,286)
Additional paid in capital 169,111168,412111,166110,771112,744111,017
Accumulated other comprehensive income (loss) (4,035)(1,828)(1,010)5092,857(106)
Retained earnings 14,27845,72663,20760,69454,43939,986
Unearned esop shares  (937)(1,233)(1,093)(250) 
Other undisclosed equity, attributable to parent 40,97240,98741,11041,12041,36841,997
Total equity: 221,990254,015214,376213,137209,012190,749
TOTAL LIABILITIES AND EQUITY: 1,743,3981,881,1521,943,3401,927,7331,936,7401,851,160

Income Statement (P&L) ($ in thousands)

6/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues 75,51294,40191,53793,62597,572 
Net investment income 75,51280,62379,12881,89783,487 
Cost of revenue (16,740)(30,200)(10,600)(13,900)(5,625)(3,050)
Provision for loan, lease, and other losses (16,740)
Financial services costs(30,200)(10,600)(13,900)(5,625)(3,050)
Gross profit: 58,77264,20180,93779,72591,947(3,050)
Operating expenses (21,290)(55,019)(49,417)(48,648)(60,636)(37,737)
Operating income (loss): 37,4829,18231,52031,07731,311(40,787)
Nonoperating income (expense)
(Gains (Losses) on Sales of Other Real Estate)
     1,061(190)
Interest and debt expense (7,508)(6,026)(5,690)(5,581)(5,807)(6,539)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes (51,524)(17,515)(12,534)(9,896)(97)67,843
Income (loss) from continuing operations before income taxes: (21,550)(14,359)13,29615,60026,46820,327
Income tax expense (benefit) (5,966)2,598(3,857)(4,583)(7,358)(6,151)
Income (loss) from continuing operations: (27,516)(11,761)9,43911,01719,11014,176
Income (loss) before gain (loss) on sale of properties: (27,516)(11,761)9,43911,01719,11014,176
Net income (loss) attributable to parent: (27,516)(11,761)9,43911,01719,11014,176
Preferred stock dividends and other adjustments (3,239)(3,242)(2,861)(687)(698)(1,332)
Net income (loss) available to common stockholders, basic: (30,755)(15,003)6,57810,33018,41212,844
Convertible preferred dividends    367378400
Net income (loss) available to common stockholders, diluted: (30,755)(15,003)6,57810,69718,79013,244

Comprehensive Income ($ in thousands)

6/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss): (27,516)(11,761)9,43911,01719,11014,176
Other comprehensive income (loss) (2,228)(494)(1,519)(2,348)2,963 
Comprehensive income (loss): (29,744)(12,255)7,9208,66922,07314,176
Other undisclosed comprehensive loss, net of tax, attributable to parent (10)    (8,265)
Comprehensive income (loss), net of tax, attributable to parent: (29,754)(12,255)7,9208,66922,0735,911

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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