MidSouth Bancorp reports earnings increase


LAFAYETTE, La. (AP) — MidSouth Bancorp Inc. reported its second-quarter earnings rose to $3.9 million, or 34 cents per share, compared to $3.3 million, or 29 cents per share, for the same quarter a year earlier.

The Advocate reports ( ) that Lafayette-based MidSouth's president and CEO said strong loan growth and improvements in efficiency and operating earnings helped drive second-quarter results.

MidSouth reported Monday that the majority of the loan growth was in the commercial loan portfolio, along with solid growth in the commercial real estate and consumer loan portfolios.

MidSouth had $1.22 billion in total loans as of June 30, compared to $1.12 billion in loans a year earlier.


Information from: The Advocate,

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