Mississippi Companies Audited Earnings Were $802 Mil in 2013, up 1,307% Over 2008

Since many members of the Mississippi State Legislature have had discussions on how to substantially increase health care coverage to the many Louisiana uninsured and underinsured citizens and to do so in the optimally fair way to all parties, and also since Indiana Governor Mike Pence and US Health and Human Services Cabinet Secretary Sylvia Burwell have just struck such a groundbreaking, very forward-thinking deal that did just that, as an economic backdrop, I think it would be helpful in several posts to research how Mississippi companies, hospitals and the overall State of Mississippi's economy have all been doing financially.

In this first post I will be addressing Mississippi Companies earnings and losses.

From a very thorough review of SEC filings and of the Google Finance website, I found 8 Companies headquartered in the State of Mississippi with Stock Market Capitalizations of at least $100 mil now and also with annual audited financial statements filed with the SEC which included financial information covering all years from 2007 to 2013.

These 8 Mississippi Companies generated Total Audited Net Income from Continuing Operations for Annual 2013 of $802 mil, an increase of an off-the-charts 1,307% over the $57 mil registered in the financial meltdown year of 2008.

Also, this Total Audited Net Income from Continuing Operations of these 8 Mississippi Companies of $802 mil in annual 2013 was an impressive 36% increase over the $591 mil comparable annual earnings in 2012.

Below here are the Net Income (Losses) of each of these 8 Mississippi Companies for 2013, 2012, 2011, 2010, 2009, 2008 and 2007:

			2013	2012	2011	2010	2009	2008	2007
			Audited	Audited	Audited	Audited	Audited	Audited	Audited
		Most	Net	Net	Net	Net	Net	Net	Net
	City	Recent	Income	Income	Income	Income	Income	Income	Income
Mississippi Company	HQs	FYE	(Loss)	(Loss)	(Loss)	(Loss)	(Loss)	(Loss)	(Loss)
			mil $s	mil $s	mil $s	mil $s	mil $s	mil $s	mil $s
Sanderson Farms	Laurel	Oct 14	249	131	54	(127)	135	82	(43)
Hancock Holding	Gulfport	Dec 13	163	152	77	52	75	65	74
Trustmark	Jackson	Dec 13	117	117	107	101	93	92	109
Cal-Maine Foods	Jackson	May 14	110	51	90	58	66	80	152
BancorpSouth	Tupelo	Dec 13	94	84	38	23	83	120	138
Renasant Corp	Tupelo	Dec 13	33	27	26	32	19	24	31
EastGroup Properties	Jackson	Dec 13	32	26	23	19	27	33	29
Callon Petroleum Co	Natchez	Dec 13	4	3	106	8	54	(439)	15
Total all 8			802	591	521	166	552	57	505
Annual Earnings % Increase:
…..2013 Over 2008			1307%
…..2013 Over 2007			59%
…..2013 Over 2012			36%

Six of these 8 Mississippi Companies have December Year Ends and thus have filed their 10-Qs with the SEC for the 9 Months Ended September 30, 2014.

These 6 Mississippi Companies generated Total Net Income from Continuing Operations for the 9 Months Ended September 30, 2014 of $417 mil, an increase of an impressive 27% over the $329 mil registered in the 9 Months Ended September 30, 2013.  Below here are the details on these 6 Mississippi Companies:
 

			Nine	Nine
			Months	Months
			Sept	Sept
		Most	2014	2013
	City	Recent	Net	Net	%
Mississippi Company	HQs	FYE	Income	Income	Increase
			mil $s	mil $s
Hancock Holding	Gulfport	Dec 13	136	129
Trustmark	Jackson	Dec 13	95	89
BancorpSouth	Tupelo	Dec 13	88	64
Renasant Corp	Tupelo	Dec 13	44	22
EastGroup Properties	Jackson	Dec 13	36	24
Callon Petroleum Co	Natchez	Dec 13	18	1
Total all 6			417	329	27%