BancPlus Corporation

Overview

BancPlus Corporation is a bank holding company headquartered in Ridgeland, Mississippi. Its wholly owned subsidiary, BankPlus, operates as a community-focused commercial and consumer bank that emphasizes relationship-driven, high-touch service, local market management, extended branch hours, interactive teller machines (ITMs), universal bankers in select markets, and digital banking platforms (mobile and online).

Products and services

• Retail deposits: checking, savings, money market, and certificates of deposit.
• Commercial deposit services and treasury management.
• Lending: commercial and industrial; commercial real estate (owner-occupied and non-owner-occupied); construction and development; agricultural; residential real estate (1–4 family and HELOC); consumer loans; mortgage origination for sale in the secondary market.
• Wealth management and private client services via BankPlus Wealth Management Group.
• Other services: cash management, safe deposit boxes, overdraft services, ATM/debit card networks, and ITMs for extended access.

Strategy

• Growth through organic expansion and opportunistic acquisitions.
• Technology-enabled infrastructure to support scale and integrations.
• Emphasis on local decision-making, long-term customer relationships, and customer satisfaction.

Geography and scale

• 74 branch offices across four states: Mississippi, Alabama, Louisiana, and Florida (as of December 31, 2025).
• Headquarters: Ridgeland, Mississippi.
• Jackson, MS MSA is the largest market: 43.2% of BancPlus’ deposits and 25.3% of its loans as of December 31, 2025; deposit market share in the Jackson MSA was 15.7% as of June 30, 2025.
• Regional loan mix (approximate): Louisiana ~22% of loans, Alabama ~16% of loans; Mississippi is the primary market.

Customers and employees

• Over 226,000 customer deposit accounts (as of December 31, 2025).
• Average account balance: about $31,000.
• Employees: 1,065 full-time equivalent employees (as of December 31, 2025).
• Employee tenure: average >9 years overall; executive officers average >18 years.
• Employee ownership: BancPlus Corporation Employee Stock Ownership Plan held approximately 12% of BancPlus common stock (as of December 31, 2025).
• BancPlus common stock is not listed on any established securities exchange.
• Recognition: BankPlus has been named a "Best Bank to Work For" by American Banker for multiple years.

Financial scale and structure (as of 12/31/2025)

• Total assets: $8.08 billion.
• Gross loans: $6.29 billion.
• Total deposits: $6.99 billion.
• Shareholders’ equity (before adjustment for redeemable ESOP stock): $852.0 million.
• Core deposits: 87.5% of total deposits.
• Primary funding: retail deposits. Secondary funding includes Federal Home Loan Bank advances, Federal Reserve Discount Window borrowings, and other borrowings.
• Noninterest income: $69.8 million in 2025, representing 13.9% of total revenue (implying total revenue of approximately $503 million).
• Nonperforming loans (NPL) ratio: 0.43% of total loans.

Loan portfolio and credit profile

• Loan composition: 70.4% commercial loans and 29.6% consumer loans.
• Secured portion: approximately 84.97% of the loan portfolio is secured; 98.7% of the portfolio is secured by collateral and 10.3% is non-recourse.
• Real estate exposure: 85.0% of the loan portfolio is secured by real estate; commercial real estate (CRE) loans represent about 57.17% of the loan portfolio.
• Concentrations: top 20 loans/relationships represented about 10.25% of the loan portfolio and 9.89% of total commitments.
• Other real estate owned (OREO): approximately $5.2 million (as of December 31, 2025).

Lending and risk management

• Lending philosophy: thorough underwriting, local market knowledge, and long-term relationships.
• Governance: tiered lending authority with centralized oversight (Executive Loan Committee and regional/market-based approvals).
• Lending limits: aligned with capital-based thresholds and statutory limits; the bank may sell loan participations to manage risk and funding needs.
• Enterprise risk management: formal framework and committees addressing credit, liquidity, interest rate, operational, and cybersecurity risks at both BancPlus and BankPlus levels.

Corporate governance and regulatory context

• BancPlus is regulated as a bank holding company; BankPlus is regulated by the Mississippi Department of Banking and Consumer Finance (MDBCF) and the FDIC; the Federal Reserve has oversight at the holding company level.
• Capital framework: BankPlus has elected the Community Bank Leverage Ratio (CBLR) framework (well-capitalized threshold >9% Tier 1 capital to average assets, per current rules).
• Emergency Capital Investment Program (ECIP): BancPlus participated in ECIP; ECIP-related distribution limitations require prior approval for capital distributions above eligible distributable income.
• Management transition: Bill Ray retired as CEO of BancPlus on December 31, 2025; Kirk Graves was appointed to succeed him for BancPlus and BankPlus, with the transition planned in 2026.

Operating highlights

• Strong community brand with local decision-making and a diversified deposit mix.
• Loan growth from $2.1 billion in 2019 to $6.29 billion in 2025, reflecting substantial expansion and over 110 years of community presence.
• Digital banking offerings, ITMs, universal bankers, wealth management, and mortgage origination are key elements of revenue and service delivery.

Summary

BancPlus Corporation and its BankPlus subsidiary operate a multi-state, community-focused banking franchise offering a broad suite of deposit, lending, wealth management, and treasury services. The company maintains a large, predominantly secured loan book with commercial real estate exposure, a substantial core deposit base, and an extensive branch network across four Southern states. The franchise emphasizes employee ownership, customer relationships, and growth through organic expansion and strategic acquisitions, supported by technology investments and an enterprise risk management framework.