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Trustmark Corporation (TRMK) is a prominent bank holding company operating in the southeastern United States. With a robust asset portfolio of $12 billion, Trustmark has established over 200 locations across Alabama, Florida, Mississippi, Tennessee, and Texas. The company's core operations encompass a wide range of financial services through its subsidiaries: Trustmark National Bank, Trustmark Investment Advisors, Inc., and Fisher Brown Bottrell Insurance, Inc.
For over 125 years, Trustmark has remained committed to serving families, businesses, and communities with a conservative banking philosophy. This commitment is reflected in their motto, ‘People you trust. Advice that works.’ The company offers a suite of products and services, including Commercial Banking, Consumer Banking, Mortgage Banking, Insurance, Wealth Management, and Trust Services. The General Banking segment, which generates the majority of Trustmark’s revenue, includes loans and deposits, along with internal operations to streamline services.
Trustmark is known for its financial strength and stability. The company is solid, profitable, and well-capitalized, ready to meet the diverse financial needs of its clients. Trustmark’s customer-centric approach emphasizes building strong relationships and understanding client needs, ensuring they provide valuable and reliable financial advice.
The company is also recognized as an Equal Housing Lender and is a member of the FDIC, reflecting its commitment to ethical practices and customer trust. Significant recent achievements include the expansion of locations and service offerings, maintaining a sound financial standing, and fostering partnerships that enhance their service capabilities.
Stay updated with Trustmark Corp’s latest developments and news to understand how they continue to grow and adapt in the financial sector.
Trustmark Corporation (NASDAQGS:TRMK) reported net income of $50.3 million for Q1 2023, equating to diluted earnings per share of $0.82. The company achieved a return on average tangible equity of 18.03% and a return on average assets of 1.10%. Loan and deposit growth were both up 2.4%, with loans held for investment totaling $12.5 billion and total deposits at $14.8 billion. Noninterest income saw a 13.7% increase linked-quarter to $51.4 million, although total revenue decreased 1.5% from the previous quarter to $189.0 million. The company remains focused on enhancing operational efficiency and managing expenses, evidenced by a 1.6% decrease in noninterest expenses.
Trustmark Corporation (NASDAQ: TRMK) will report its Q1 2023 financial results on April 25, 2023, after market close. Following the release, CEO Duane A. Dewey will host a conference call with analysts on April 26, 2023, at 8:30 AM CT. Interested participants can join by calling (877) 317-3051 or via a link on the company’s website. A replay of the call will be accessible until May 10, 2023. Trustmark provides various banking and financial services across several states, including Alabama, Florida, Georgia, Mississippi, Tennessee, and Texas.
Trustmark Corporation (NASDAQGS:TRMK) reported a fourth-quarter loss of $34.1 million, or $0.56 per diluted share, attributable to a $100 million litigation settlement expense. Excluding this, fourth-quarter net income was $41.5 million, or $0.68 per diluted share. For 2022, net income totaled $71.9 million, or $1.17 per share, rising to $147.5 million, or $2.40 per share, when excluding litigation costs. Noteworthy achievements included a record $2 billion loan growth, strong credit quality, and increased net interest income of $507.1 million, up 17.9% year-over-year. A quarterly dividend of $0.23 per share was declared for March 15, 2023.
Trustmark Corporation (NASDAQ: TRMK) will release its fourth quarter 2022 financial results on January 24, 2023, after market close. CEO Duane A. Dewey will host a conference call for analysts on January 25, 2023, at 8:30 a.m. CT to discuss the results. Interested parties can access the call by dialing (877) 317-3051 or via the Investor Relations section of their website. A replay will be available until February 8, 2023.
Trustmark National Bank, FHLB Dallas, and Gulf Coast Housing Partnership recently celebrated the groundbreaking of The Pearl, a multifamily affordable housing project in Jackson, Mississippi, aimed at serving older adults. The project, which will include 76 apartments and an onsite healthcare clinic, received a
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