Welcome to our dedicated page for Trustmark news (Ticker: TRMK), a resource for investors and traders seeking the latest updates and insights on Trustmark stock.
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 a net income of $42.5 million for Q3 2022, equating to diluted EPS of $0.69. The bank saw a 5.9% increase in loans held for investment, totaling $11.6 billion, while deposits decreased by 2.3% to $14.4 billion. Total revenue rose 13.7% to $188.7 million, driven by a 20.3% increase in net interest income, resulting in a net interest margin of 3.50%. The quarterly cash dividend was declared at $0.23 per share. Trustmark maintains a strong capital position and continues to invest in technology and branch optimization.
Trustmark Corporation (NASDAQ: TRMK) will release its third quarter 2022 financial results on October 25, 2022, after market close. CEO Duane A. Dewey will discuss these results during a conference call on October 26, 2022, at 8:30 AM CT. Interested parties can join the call at (877) 317-3051 or through the Investor Relations section on trustmark.com. A replay will be available until November 9, 2022.
Trustmark Corporation has appointed Bradly (Brad) Rebel as Executive Vice President and Chief Audit Executive, overseeing internal audits.
Rebel brings over 30 years of experience in the financial services sector, previously serving in senior roles at various large banking firms.
CEO Duane Dewey expressed confidence in Rebel's leadership to enhance the company's success. Trustmark operates in several U.S. states, offering a range of financial services.
Trustmark Corporation (NASDAQ: TRMK) has launched a new Equipment Finance line within its Specialty Banking division in Atlanta, GA. This initiative will enhance Trustmark's product offerings, allowing it to cater to a wider range of commercial clients seeking financing for equipment acquisition. The Equipement Finance team, led by Joe Hines, boasts extensive industry experience and includes professionals such as Jason Center, Sara Higby, and Patty Culos. This move aims to strengthen Trustmark's position in the financial services market.
Trustmark Corporation (NASDAQ: TRMK) and Peoples Financial Corporation (OTC: PFBX) have finalized the sale of Trustmark’s Corporate Trust business to The Peoples Bank. This transaction includes approximately 200 bond issues, enhancing The Peoples Bank's trust services. Trustmark aims to redirect resources towards strategic growth initiatives, while continuing to provide specialized services via its Wealth Management Division. The transition seeks to ensure that Corporate Trust customers receive consistent service.
Trustmark Corporation (NASDAQGS: TRMK) reported a net income of $34.3 million for Q2 2022, with diluted earnings per share of $0.56. Loans held for investment increased by $547.7 million, or 5.3%, while total revenue rose by 8.1% to $165.9 million. Net interest income expanded 12.9%, leading to a net interest margin of 2.90%. Deposits totaled $14.8 billion, down 2.3% from the previous quarter. The company declared a quarterly cash dividend of $0.23 per share. Trustmark's credit quality remains solid with recoveries exceeding charge-offs.
Trustmark Corporation (NASDAQ: TRMK) will release its second quarter 2022 financial results on July 26, 2022, after market close. CEO Duane A. Dewey will host a conference call on July 27, 2022, at 8:30 a.m. CT, to discuss the results. Participants can listen by dialing 877-317-3051 or via the Investor Relations section of the Trustmark website. A replay will be accessible until August 10, 2022. Trustmark operates 177 offices across Alabama, Florida, Mississippi, Tennessee, and Texas.
Trustmark Corporation (NASDAQ: TRMK) has appointed Duke Hinds as the new Director of Commercial Banking. With 26 years of banking experience, Hinds will oversee Trustmark's commercial products and sales strategy. Art Stevens, President of Retail Banking, expressed confidence in Hinds' expertise to help achieve strategic goals. Hinds, who holds an MBA and a Bachelor of Science in Finance from the University of Alabama, is committed to enhancing Trustmark's reputation for strength, stability, and customer service.
Trustmark Corporation (NASDAQGS:TRMK) reported net income of $29.2 million for Q1 2022, with diluted EPS at $0.47. Total revenue rose by 2.9% to $153.5 million, driven by a 1.1% increase in net interest income to $102.3 million. Noninterest income grew 6.6% to $54.1 million. The provision for credit losses was a negative $2.0 million, indicating strong credit quality. A quarterly cash dividend of $0.23 per share was declared, payable June 15, 2022. Loans HFI grew 1.5% linked-quarter, and deposits increased by 0.2%.
Trustmark Corporation (NASDAQ: TRMK) will release its first quarter 2022 financial results on April 26, 2022, post-market. CEO Duane A. Dewey will host a conference call to discuss these results on April 27, 2022, at 8:30 a.m. Central Time. Interested parties can listen by calling (877) 317-3051 or via the Investor Relations section on www.trustmark.com. A replay will be available until May 11, 2022. Trustmark provides banking services through 179 offices across Alabama, Florida, Mississippi, Tennessee, and Texas.
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