Investor Contacts: Rusty Cloutier

  President & CEO or

  Jim McLemore, CFA

  Sr. EVP and CFO

  337.237.8343

Media Contact:      Alex Calicchia

 Chief Marketing Officer

 337.593.3008

MidSouth Bancorp, Inc. Reports First Quarter 2010 Results

·   Strong Capital Position with Total Risk Weighted Capital of 21.9%

·   Net Earnings for Common Shareholders Increased 18.8% Year-Over-Year

·   FTE Net Interest Margin of 4.74% and NPAs/Total Assets a Modest 2.25%

LAFAYETTE, LA., April 27, 2010/PRNewswire-FirstCall/ -- MidSouth Bancorp, Inc. (“MidSouth”) (NYSE Amex: MSL)today reported net earnings available to common shareholders of $1,136,000 for the first quarter of 2010, an increase of 18.8% compared to net earnings available to common shareholders of $956,000 reported for the first quarter of 2009, and an increase of 27.6% compared to $890,000 in net earnings available to common shareholders for the fourth quarter of 2009.  Diluted earnings for the first quarter of 2010 were $0.12 per common share, a decrease of 14.3% from $0.14 per common share reported for the first quarter of 2009, and a decrease of 7.7% from $0.13 per common share reported for the fourth quarter of 2009.  Diluted earnings per share were impacted by our successful public offering of 2.7 million shares in the fourth quarter of 2009.  An additional 405,000 shares were issued in January 2010 as the underwriter for the offering exercised in full their over-allotment option.  Net earnings available to common shareholders was reduced by $299,000 for the first quarter of 2010, compared to $277,000 for the first quarter of 2009 and $300,000 for the fourth quarter of 2009, due to dividends recorded on our Fixed Rate Cumulative Perpetual Preferred Stock, Series A, issued to the U. S. Department of the Treasury on January 9, 2009 under the Capital Purchase Plan.

First quarter 2010 net earnings available to common shareholders compared to the same period for the prior year were positively impacted by a $532,000 decrease in non-interest expense, which offset a $115,000 decrease in quarterly revenues and a $150,000 increase in provision for loan losses.  Quarterly revenues, defined as net interest income and non-interest income, decreased primarily due to a $226,000 reduction in net interest income, which was driven by a decline in earning asset yields and loan volume in quarterly comparison.  The decline in net interest income was partially offset by a $111,000 increase in non-interest income, primarily due to a $60,000 increase in service charges on deposit accounts and a $31,000 increase in ATM/debit card income.  Non-interest expense declined primarily due to decreases of $229,000 in salaries and benefit costs, $143,000 in marketing costs, $87,000 in occupancy expenses, $61,000 in shares tax expense, $52,000 in credit reporting expense, and $50,000 in professional fees associated with a customer relationship management system.  The decrease in salaries and benefit costs resulted primarily from a $237,000 decrease in group health insurance expense.  MidSouth’s partially self-funded group health insurance plan experienced a lower amount of insurance claims for the first quarter of 2010 compared to the first quarter of 2009.

C. R. “Rusty” Cloutier, President and Chief Executive Officer, commenting on earnings results noted, “We are pleased to report an increase in earnings this quarter despite the continued challenges we face with declining loan demand as businesses and individuals are dealing with

the current economic cycle.  During this period we have focused on increasing our capital levels, reducing controllable expenses and positioning the organization for acquisition growth opportunities.  We stand ready to serve our commercial and retail customers once demand for credit improves in our markets.  Most importantly, we appreciate the continued vote of confidence given to us by our shareholders, customers, and employees.”

In linked-quarter comparison, net earnings available to common shareholders increased $246,000, primarily due to the $1.15 million provision for loan losses recorded for the first quarter of 2010 compared to the $1.35 million provision for loan losses recorded in the fourth quarter of 2009.  Net interest income increased $59,000 in linked-quarter comparison and non-interest income decreased $45,000.  Net of a $178,000 impairment charge on an equity security recorded in the fourth quarter of 2009, non-interest income decreased $223,000, primarily due to a reduction in service charges on deposit accounts resulting from a lower volume of customer account activity.  Non-interest expense decreased $235,000, primarily due to a $361,000 reduction in group health expense as a result of a lower amount of insurance claims processed in the first quarter of 2010.  Reductions in several other non-interest expense categories, including marketing costs, occupancy expense, and expenses on other real estate owned, offset increases primarily in regulatory and audit fees, data processing expense and third party collection costs in linked-quarter comparison.

Total assets at March 31, 2010 were $974.4 million, compared to $972.1 million in total assets reported at December 31, 2009.   Deposits totaled $770.4 million as of March 31, 2010, compared to $773.3 million on December 31, 2009.  Total loans were $576.2 million, a decrease of $8.8 million, or 1.5%, from the $585.0 million reported as of December 31, 2009.  With the exception of Real Estate Mortgage Loans, which saw a 1.2% linked-quarter increase, all other categories of loans decreased in the quarter as commercial customers used cash flows to pay down debt and continued economic concerns stemmed loan production in both commercial and retail credits.

MidSouth’s leverage capital ratio increased to 14.29% at March 31, 2010 from 13.95% at December 31, 2009.  Tier 1 risk-weighted capital and total risk-weighted capital ratios were 20.68% and 21.91% at March 31, 2010, compared to 19.34% and 20.54% at December 31, 2009, respectively.

Asset Quality. Nonaccrual loans totaled $20.4 million as of March 31, 2010, compared to $15.7 million as of March 31, 2009 and $16.2 million as of December 31, 2009.  The increase in nonaccruals year-over-year and in linked-quarter comparison resulted primarily from the addition of a $4.1 million commercial loan secured by a marine vessel and a first mortgage on residential real estate.  Of the remaining $16.3 million in nonaccrual loans, $11.6 million, or 71.0%, represented two large commercial real estate loan relationships in the Baton Rouge market.  Loans past due 90 days or more and still accruing totaled $0.5 million at March 31, 2010, a decrease of $750,000 from the $1.25 million reported for March 31, 2009 and an increase of $100,000 from the $0.4 million reported for December 31, 2009.  With the addition of the $4.1 million marine vessel loan added to nonaccrual loans, total nonperforming assets to total assets were 2.25% at March 31, 2010, compared to 1.96% at March 31, 2009 and 1.79% at December 31, 2009.

Allowance coverage for nonperforming loans was 37.93% at March 31, 2010, compared to 45.99% at March 31, 2009 and 48.28% at December 31, 2009.  Annualized net charge-offs were

0.85% of total loans for the first quarter of 2010 compared to 0.53% for the first quarter of 2009 and 0.86% for the fourth quarter of 2009.  The ALLL/total loans ratio was 1.37% for both quarters ended March 31, 2010 and December 31, 2009, and was 1.31% at March 31, 2009.

Net Interest Income.   Fully taxable-equivalent (“FTE”) net interest income totaled $10.3 million for the first quarter of 2010, a decrease of 2.6%, or $277,000, from the $10.6 million reported for the first quarter of 2009.  The decrease in FTE net interest income resulted primarily from a decrease in loan volume and yields on loans combined with decreased yields on investment securities in prior year comparison.  Investment yields declined as cash flow from the securities portfolio was reinvested primarily in lower-yielding shorter-term agency and municipal bond securities in 2009 and excess cash held overnight earned interest at a rate of 25 basis points or less.  Deposit rate reductions lowered interest expense in prior year quarterly comparison and partially offset the impact of decreased interest income on earning assets.  As a result, the FTE net interest margin decreased 39 basis points, from 5.13% for the first quarter of 2009 to 4.74% for the first quarter of 2010.

In linked-quarter comparison, FTE net interest income increased $47,000, with decreased interest expense from lowered deposit rates offsetting decreased interest income on earning assets due to lower yields and a decrease in loan volume.  Balance sheet and yield changes in linked-quarter comparison resulted in a 7 basis point increase in the FTE net interest margin, from 4.67% at December 31, 2009 to 4.74% at March 31, 2010.

About MidSouth Bancorp, Inc.

MidSouth Bancorp, Inc. is a bank holding company headquartered in Lafayette, Louisiana with assets of $974 million as of March 31, 2010.  Through our wholly owned subsidiary, MidSouth Bank, N.A., we offer a full range of banking services to commercial and retail customers in south Louisiana and southeast Texas.  MidSouth Bank has 35 locations in Louisiana and Texas and more than 50 ATMs.

Forward-Looking Statements  Certain statements contained herein are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 and subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, which involve risks and uncertainties.  These statements include, among others, statements regarding future results, changes in the local and national economy, the work-out of nonaccrual loans and potential acquisitions.  Actual results may differ materially from the results anticipated in these forward-looking statements.  Factors that might cause such a difference include, among other matters, changes in interest rates and market prices that could affect the net interest margin, asset valuation, and expense levels; changes in local economic and business conditions, including, without limitation, changes related to the oil and gas industries, that could adversely affect customers and their ability to repay borrowings under agreed upon terms, adversely affect the value of the underlying collateral related to their borrowings, and reduce demand for loans; the timing and ability to reach any agreement to restructure nonaccrual loans;  increased competition for deposits and loans which could affect compositions, rates and terms; the timing and impact of future acquisitions, the success or failure of integrating operations, and the ability to capitalize on growth opportunities upon entering new markets; loss of critical personnel and the challenge of hiring qualified personnel at reasonable compensation levels; legislative and regulatory changes, including changes in banking, securities and tax laws and regulations and their application by our regulators, changes in the scope and cost of FDIC insurance and other coverages, and changes in the U.S. Treasury’s Capital Purchase Program; and other factors discussed under the heading “Risk Factors” in MidSouth’s Annual Report on Form 10-K for the year ended December 31, 2009 filed with the SEC on March 16, 2010 and in its other filings with the SEC.  MidSouth does not undertake any obligation to publicly update or revise any of these forward-looking statements, whether to reflect new information, future events or otherwise, except as required by law.

MIDSOUTH BANCORP, INC. and SUBSIDIARIES
Condensed Consolidated Financial Information (unaudited)
(in thousands except per share data)
	For the Quarter Ended									For the Quarter Ended
	March 31,						%			December 31,			%
EARNINGS DATA	2010			2009			Change			2009			Change
Total interest income	$	11,939		$	12,794			-6.7	%	$	12,253			-2.6	%
Total interest expense		2,039			2,668			-23.6	%		2,412			-15.5	%
Net interest income		9,900			10,126			-2.2	%		9,841			0.6	%
FTE net interest income		10,322			10,599			-2.6	%		10,275			0.5	%
Provision for loan losses		1,150			1,000			15.0	%		1,350			-14.8	%
Non-interest income		3,641			3,530			3.1	%		3,686			-1.2	%
Non-interest expense		10,734			11,266			-4.7	%		10,969			-2.1	%
Net earnings before income taxes		1,657			1,390			19.2	%		1,208			37.2	%
Provision for income tax		222			157			41.4	%		18			1133.3	%
Net income		1,435			1,233			16.4	%		1,190			20.6	%
Dividends on preferred stock		299			277			7.9	%		300			-0.3	%
Net income available to common shareholders	$	1,136		$	956			18.8	%	$	890			27.6	%
PER COMMON SHARE DATA
Basic earnings per share	$	0.12		$	0.14			-14.3	%	$	0.13			-7.7	%
Diluted earnings per share	$	0.12		$	0.14			-14.3	%	$	0.13			-7.7	%
Quarterly dividends per share	$	0.07		$	0.07			0.0	%	$	0.07			0.0	%
Book value at end of period	$	11.87		$	11.28			5.2	%	$	11.81			0.5	%
Tangible book value at period end	$	10.90		$	9.83			10.9	%	$	10.79			1.0	%
Market price at end of period	$	16.50		$	10.24			61.1	%	$	13.90			18.7	%
Shares outstanding at period end (1)		9,723,268			6,618,220			46.9	%		9,318,267			4.3	%
Weighted avg shares outstanding
Basic		9,694,617			6,617,341			46.5	%		6,888,406			40.7	%
Diluted		9,720,055			6,627,367			46.7	%		6,906,206			40.7	%
AVERAGE BALANCE SHEET DATA
Total assets	$	969,292		$	922,090			5.1	%	$	954,441			1.6	%
Loans and leases		579,464			600,782			-3.5	%		583,756			-0.7	%
Total deposits		765,612			758,325			1.0	%		776,784			-1.4	%
Total common equity (1)		115,350			75,124			53.5	%		81,592			41.4	%
Total tangible common equity		105,882			65,536			61.6	%		72,099			46.9	%
Total equity (2)		134,588			92,490			45.5	%		100,781			33.5	%
SELECTED RATIOS	3/31/2010			3/31/2009						12/31/2009
Annualized return on average assets		0.48	%		0.42	%		14.3	%		0.37	%		29.7	%
Annualized return on average tangible common equity		4.35	%		5.92	%		-26.5	%		4.90	%		-11.2	%
Average loans to average deposits		75.69	%		79.22	%		-4.5	%		75.15	%		0.7	%
Taxable-equivalent net interest margin		4.74	%		5.13	%		-7.6	%		4.67	%		1.5	%
Leverage capital ratio (1) (2)		14.29	%		10.66	%		34.1	%		13.95	%		2.4	%
CREDIT QUALITY
Allowance for loan losses (ALLL)as a % of total loans		1.37	%		1.31	%		4.6	%		1.37	%		0.0	%
Nonperforming assets to total equity + ALLL		15.34	%		17.79	%		-13.8	%		12.68	%		21.0	%
Nonperforming assets to total loans, other real estate
owned and other foreclosed assets		3.79	%		3.02	%		25.5	%		2.97	%		27.6	%
Annualized net YTD charge-offs to total loans		0.85	%		0.53	%		60.8	%		0.86	%		-0.9	%
(1) On December 22, 2009, the Company completed an underwritten capital offering of 2.7 million shares of common stock at $12.75 per share.
On January 7, 2010, the underwriters of the offering exercised their overallotment option and the Company issued an additional 405,000 of
common stock at $12.75.
(2) On January 9, 2009, the Company participated in the Capital Purchase Plan of the U. S. Department of the Treasury, which added $20 million in capital in the form of preferred stock.

MIDSOUTH BANCORP, INC. and SUBSIDIARIES
Condensed Consolidated Financial Information (unaudited)
(in thousands)
BALANCE SHEET	March 31,			March 31,			%			December 31,			September 30,
	2010			2009			Change			2009			2009
Assets
Cash and cash equivalents	$	56,895		$	44,981			26.5	%	$	23,350		$	62,585
Securities available-for-sale		262,196			212,515			23.4	%		271,808			218,795
Securities held-to-maturity		2,068			4,677			-55.8	%		3,043			3,218
Total investment securities		264,264			217,192			21.7	%		274,851			222,013
Time deposits held in banks		15,060			1,023			1372.1	%		26,122			16,023
Other investments		4,899			4,308			13.7	%		4,902			4,428
Total loans		576,250			597,209			-3.5	%		585,042			588,589
Allowance for loan losses		(7,917	)		(7,802	)		1.5	%		(7,995	)		(8,015	)
Loans, net		568,333			589,407			-3.6	%		577,047			580,574
Premises and equipment		37,955			40,219			-5.6	%		38,737			39,049
Goodwill and other intangibles		9,457			9,572			-1.2	%		9,483			9,508
Other assets		17,548			16,389			7.1	%		17,650			13,650
Total assets	$	974,411		$	923,091			5.6	%	$	972,142		$	947,830
Liabilities and Stockholders' Equity
Non-interest bearing deposits		175,861			198,803			-11.5	%		175,173			181,115
Interest-bearing deposits		594,586			570,625			4.2	%		598,112			590,976
Total deposits		770,447			769,428			0.1	%		773,285			772,091
Securities sold under agreements to
repurchase and other short term
borrowings		48,146			37,612			28.0	%		48,758			55,366
Junior subordinated debentures		15,465			15,465			0.0	%		15,465			15,465
Other liabilities		5,634			6,875			-18.1	%		5,357			7,466
Total liabilities		839,692			829,380			1.2	%		842,865			850,388
Total shareholders' equity (1)		134,719			93,711			43.8	%		129,277			97,442
Total liabilities and shareholders' equity	$	974,411		$	923,091			5.6	%	$	972,142		$	947,830
(1) On December 22, 2009, the Company completed an underwritten capital offering of 2.7 million shares of common stock at $12.75 per
share. On January 7, 2010, the underwriters of the offering exercised their overallotment option and the Company issued an additional
405,000 of common stock at $12.75. On January 9, 2009, the Company participated in the Capital Purchase Plan
of the U. S. Department of the Treasury, which added $20 million in capital.

MIDSOUTH BANCORP, INC. and SUBSIDIARIES
Condensed Consolidated Financial Information (unaudited)
(in thousands except per share data)
	Three Months Ended
EARNINGS STATEMENT	March 31,				%
	2010		2009		Change
Interest income	$	11,939	$	12,794		-6.7	%
Interest expense		2,039		2,668		-23.6	%
Net interest income		9,900		10,126		-2.2	%
Provision for loan losses		1,150		1,000		15.0	%
Service charges on deposit accounts		2,448		2,387		2.6	%
Other charges and fees		1,193		1,143		4.4	%
Total non-interest income		3,641		3,530		3.1	%
Salaries and employee  benefits		5,250		5,479		-4.2	%
Occupancy expense		2,248		2,335		-3.7	%
FDIC premiums		315		301		4.7	%
Other non-interest expense		2,921		3,151		-7.3	%
Total non-interest expense		10,734		11,266		-4.7	%
Income before income taxes		1,657		1,390		19.2	%
Provision for income taxes		222		157		41.4	%
Net earnings		1,435		1,233		16.4	%
Dividends on preferred stock		299		277		7.9	%
Net earnings available to common shareholders	$	1,136	$	956		18.8	%
Earnings per common share, diluted	$	0.12	$	0.14		-14.3	%

MIDSOUTH BANCORP, INC. and SUBSIDIARIES
Condensed Consolidated Financial Information (unaudited)
(in thousands except per share data)
EARNINGS STATEMENT	First		Fourth		Third		Second			First
QUARTERLY TRENDS	Quarter		Quarter		Quarter		Quarter			Quarter
	2010		2009		2009		2009			2009
Interest income	$	11,939	$	12,253	$	12,498	$	12,496		$	12,794
Interest expense		2,039		2,412		2,566		2,574			2,668
Net interest income		9,900		9,841		9,932		9,922			10,126
Provision for loan losses		1,150		1,350		1,000		2,100			1,000
Net interest income after provision for loan loss		8,750		8,491		8,932		7,822			9,126
Total non-interest income		3,641		3,686		3,972		3,858			3,530
Total non-interest expense		10,734		10,969		11,326		11,132			11,266
Income before income taxes		1,657		1,208		1,578		548			1,390
Income taxes (benefit)		222		18		147		(197	)		157
Net income		1,435		1,190		1,431		745			1,233
Dividends on preferred stock		299		300		299		299			277
Net income available to common shareholders	$	1,136	$	890	$	1,132	$	446		$	956
Earnings per share, diluted	$	0.12	$	0.13	$	0.17	$	0.07		$	0.14

MIDSOUTH BANCORP, INC. and SUBSIDIARIES
Condensed Consolidated Financial Information (unaudited)
(in thousands)
COMPOSITION OF LOANS	March 31,		March 31,		%			December 31,		September 30,
	2010		2009		Change			2009		2009
Commercial, financial, and agricultural	$	189,127	$	204,293		-7.4	%	$	192,347	$	196,436
Lease financing receivable		6,398		7,377		-13.3	%		7,589		7,112
Real estate - mortgage		268,302		236,594		13.4	%		265,175		264,242
Real estate - construction		39,258		64,389		-39.0	%		39,544		37,403
Installment loans to individuals		72,211		83,626		-13.7	%		79,476		82,138
Other		954		930		2.6	%		911		1,258
Total loans	$	576,250	$	597,209		-3.5	%	$	585,042	$	588,589

MIDSOUTH BANCORP, INC. and SUBSIDIARIES
Condensed Consolidated Financial Information (unaudited)
(in thousands)
ASSET QUALITY DATA	March 31,			March 31,			%			December 31,			September 30,
	2010			2009			Change			2009			2009
Nonaccrual loans	$	20,362		$	15,713			29.6	%	$	16,183		$	15,520
Loans past due 90  days and over		508			1,250			-59.4	%		378			1,600
Total nonperforming loans		20,870			16,963			23.0	%		16,561			17,120
Other real estate owned		927			843			10.0	%		792			758
Other foreclosed assets		81			255			-68.2	%		51			89
Total nonperforming assets	$	21,878		$	18,061			21.1	%	$	17,404		$	17,967
Nonperforming assets to  total assets		2.25	%		1.96	%		14.8	%		1.79	%		1.90	%
Nonperforming assets to total loans +
OREO + other  foreclosed assets		3.79	%		3.02	%		25.5	%		2.97	%		3.05	%
ALLL to nonperforming loans		37.93	%		45.99	%		-17.5	%		48.28	%		46.82	%
ALLL to total loans		1.37	%		1.31	%		4.6	%		1.37	%		1.36	%
Year-to-date charge-offs	$	1,281		$	856			49.6	%	$	5,268		$	3,872
Year-to-date recoveries		53			71			-25.4	%		227			201
Year-to-date net charge-offs	$	1,228		$	785			56.4	%	$	5,041		$	3,671
Annualized net YTD charge-offs to total loans		0.85	%		0.53	%		62.1	%		0.86	%		0.83	%

MIDSOUTH BANCORP, INC. AND SUBSIDIARIES
Condensed Consolidated Financial Information (unaudited)
(in thousands)
YIELD ANALYSIS	Three Months Ended							Three Months Ended
	March 31, 2010							March 31, 2009
			Tax							Tax
	Average		Equivalent		Yield/			Average		Equivalent		Yield/
	Balance		Interest		Rate			Balance		Interest		Rate
Taxable securities	$	152,215	$	1,000		2.63	%	$	101,777	$	1,146		4.50	%
Tax-exempt securities		111,746		1,447		5.18	%		119,825		1,614		5.39	%
Other investments and interest bearing
deposits		13,425		41		1.22	%		4,356		33		3.03	%
Federal funds sold		261		-		-			1,587		1		0.25	%
Time deposits in other banks		26,114		74		1.15	%		9,023		75		3.37	%
Loans		579,464		9,799		6.86	%		600,782		10,398		7.02	%
Total interest earning assets		883,225		12,361		5.68	%		837,350		13,267		6.43	%
Noninterest earning assets		86,067							84,740
Total assets	$	969,292						$	922,090
Interest bearing liabilities:
Deposits	$	595,613	$	1,567		1.07	%	$	566,005		2,174		1.56	%
Repurchase agreements		44,001		226		2.05	%		28,563		200		2.80	%
Federal funds purchased		987		2		0.81	%		2,336		5		0.86	%
Other borrowings		2,766		3		0.44	%		18,756		23		0.50	%
Junior subordinated debentures		15,465		241		6.23	%		15,465		266		6.88	%
Total interest bearing liabilities		658,832		2,039		1.26	%		631,125		2,668		1.71	%
Noninterest bearing liabilities		175,872							198,475
Shareholders' equity		134,588							92,490
Total liabilities and  shareholders'  equity	$	969,292						$	922,090
Net interest income (TE) and margin			$	10,322		4.74	%			$	10,599		5.13	%
Net interest spread						4.42	%						4.72	%

MIDSOUTH BANCORP, INC. and SUBSIDIARIES
Reconciliation of Non-GAAP Financial Measures
(in thousands except per share data)
	For the Quarter Ended
	March 31,		March 31,		December 31,
Per Common Share Data	2010		2009		2009
Book value per common share	$	11.87	$	11.28	$	11.81
Effect of intangible assets per share		0.97		1.45		1.02
Tangible book value per common share	$	10.90	$	9.83	$	10.79
Average Balance Sheet Data
Total equity	$	134,588	$	92,490	$	100,781
Preferred equity		19,238		17,366		19,189
Total common equity	$	115,350	$	75,124	$	81,592
Intangible assets		9,468		9,588		9,493
Tangible common equity	$	105,882	$	65,536	$	72,099
Certain financial information included in the earnings release and the associated Condensed Consolidated Financial Information (unaudited) is determined by methods other than in accordance with GAAP. The non-GAAP financial measure above is calculated by using "tangible common equity," which is defined as total common equity reduced by intangible assets. "Tangible book value per common share" is defined as tangible common equity divided by total common shares outstanding.
We use non-GAAP measures because we believe they are useful for evaluating our financial condition and performance over periods of time, as well as in managing and evaluating our business and in discussions about our performance. We also believe these non-GAAP financial measures provide users of our financial information with a meaningful measure for assessing our financial condition as well as comparison to financial results for prior periods. These results should not be viewed as a substitute for results determined in accordance with GAAP, and are not necessarily comparable to non-GAAP performance measures that other companies may use.