Insurance was the biggest non-interest revenue generator for BancorpSouth in the first quarter of 2013, the Tupelo, Miss.-based financial holding company announced this week.

Revenue from insurance commissions totaled $26.6 million, up 15.1% from the same quarter a year ago and up 29.9% from the previous quarter. Insurance commissions represented 37% of the company’s total non-interest revenue.

Trust income was also up dramatically from a year ago. The company earned $3.21 million in trust income in the first quarter, up 40.7% from the year-ago quarter.

“Results for the first quarter reflect solid performance from our noninterest lines of business, particularly mortgage and insurance,” Bancorp South’s CEO Dan Rollins said in a statement.

Overall, the company had a weak quarter. The company earned $20.8 million, or 22 cents per diluted share, for the first quarter of 2013, down 9.2% from $22.9 million, or 25 cents per diluted share, for the same quarter in 2012. 

BancorpSouth is the parent of BancorpSouth Bank, which operates 292 commercial banking, mortgage, insurance, trust and broker/dealer locations in Alabama, Arkansas, Florida, Illinois, Louisiana, Mississippi, Missouri, Tennessee and Texas.

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