Lafayette-based MidSouth Bancorp Inc. reported a third-quarter profit of $4.3 million, compared to $3.1 million a year ago.
Earnings amounted to 37 cents per common share, compared to 27 cents a year earlier.
Third-quarter 2014 net earnings included $700,000 from an after-tax gain on the sale of commercial property held by the bank. It also includes after-tax charges of $168,000 on the redemption of some securities, $256,000 for losses on disposal of fixed assets and $130,000 for efficiency consultant expenses.
Excluding the non-operating income and expenses, operating earnings per share for the third quarter was 36 cents.
“Although there were a number of non-operating income and expense items this quarter, the underlying operating EPS of the Company continues to show significant progress, with continued growth in top line core revenues, good expense control and stable core margins,” said C.R. Cloutier, president and CEO.