Tuesday, June 23, 2020

The 7 Largest Mississippi Companies Total Pretax Earnings Completely Down the Tubes Drop By 120% in the 1Q 2020

From a review of Company SEC filings and the Google Finance website, I found 7 Mississippi Companies with stock market caps of above $1 bil recently.  

The table below shows the US GAAP Pretax Income (Loss) From Continuing Operations for the first quarter of both 2020 and 2019 for each of these 7 Mississippi Companies.


US US
GAAP GAAP
Pretax Pretax
Income Income
(Loss) (Loss) Better
First First (Worse)
Quarter Quarter %
Mississippi Largest Companies 2020 2019  Change
Market Caps Above $1 Bil City HQs mils $ mils $
BancorpSouth Bank  Tupelo                   30                  83
Trustmark Corp  Jackson                   25                  39
East Group Properties  Ridgeland                   23                  23
Cal-Maine Foods  Jackson                   18                  53
Renasant Corp  Tupelo                     3                  59
Sanderson Farms  Laurel                 (46)                  54
Hancock Whitney  Gulfport               (135)                  96
Total all 7 Mississippi Companies                (82)                407 -120%

US Presidential candidate Joe Biden and Barack Obama are holding a joint virtual grassroots fundraiser today Tuesday June 23, 2020 at 5:15 PM Eastern time.