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 (NASDAQ: TRMK) announced a $60 million allocation under the New Markets Tax Credit Program through its subsidiary, Southern Community Capital, LLC. This funding will support community projects in low-income areas across Alabama, Florida, Mississippi, Tennessee, and Texas. Previously, SCC received $100 million in NMTC allocation awards. The NMTC program incentivizes private investment in economically distressed communities by providing tax credits. Trustmark aims to enhance community development and workforce training initiatives through this financial support.
Trustmark National Bank has announced a strategic collaboration with Commonwealth National Bank as part of the Project REACh Initiative aimed at enhancing economic access for Minority Depository Institutions.
The partnership will see Trustmark provide up to $2.5 million in loans and advisory services to Commonwealth, benefiting the Mobile, Alabama community. This effort seeks to support underserved populations through investment and technical assistance, reinforcing Trustmark's commitment to community service and economic empowerment.
Trustmark Corporation (TRMK) reported a net income of $48.0 million for Q2 2021, equating to diluted earnings per share of $0.76. The return on average tangible equity was 13.96%, and return on average assets was 1.13%. The company declared a quarterly cash dividend of $0.23 per share, payable on September 15, 2021. Significant highlights include a 38.2% increase in pre-provision net revenue and a decline of 17.9% in nonperforming assets. The total revenue increased 7.9% quarter-over-quarter, attributed to net interest income growth of 16.3%.
Trustmark Corporation (Nasdaq:TRMK) is set to release its second quarter 2021 financial results on July 27, 2021, after market close. CEO Duane A. Dewey will host a conference call on July 28, 2021, at 8:30 a.m. Central Time to discuss the results. Interested parties can join the call by dialing (877) 317-3051 or through the Investor Relations section on Trustmark's website. A replay of the call will be available until August 11, 2021. Trustmark operates 180 offices across Alabama, Florida, Mississippi, Tennessee, and Texas, providing various banking and financial services.
Trustmark Corporation (Nasdaq: TRMK) reported a net income of $52.0 million for Q1 2021, achieving diluted earnings per share of $0.82 and a return on average tangible equity of 15.56%. The company declared a quarterly cash dividend of $0.23 per share. Loan production from the Paycheck Protection Program reached $301.5 million, while total mortgage loan production was $766.6 million, a 67.7% increase year-over-year. Trustmark's total deposits rose 24.3% year-over-year, reaching $14.4 billion.
Trustmark Corporation (Nasdaq: TRMK) will release its Q1 2021 financial results on April 27, 2021, after market closure. CEO Duane A. Dewey will hold a conference call on April 28, 2021, at 8:30 a.m. CT to discuss these results. Interested listeners can access the call by dialing (877) 317-3051 or via the Investor Relations section on www.trustmark.com. The call will also be available for replay until May 12, 2021. Trustmark operates 181 offices across five states: Alabama, Florida, Mississippi, Tennessee, and Texas.
Trustmark Corporation (NASDAQ:TRMK) reported a net income of $51.2 million for Q4 2020, with diluted EPS of $0.81. For the year, net income reached a record $160.0 million, an 8.2% increase in diluted EPS to $2.51. Key financial metrics include a return on average tangible equity of 15.47% and total revenue of $701.1 million, up 14.3% from the prior year. The Board declared a quarterly cash dividend of $0.23 per share. Trustmark's robust growth included $970 million in PPP loans and a 24.9% increase in total deposits.
Trustmark Corporation (Nasdaq: TRMK) will announce its fourth quarter 2020 financial results on January 26, 2021, after market close. A conference call with executives Gerard R. Host and Duane A. Dewey will occur on January 27, 2021, at 8:30 a.m. CT to discuss these financial outcomes. Interested parties can listen by calling (877) 317-3051 or via the Investors Relations section on Trustmark's website. An archived replay will be available until February 10, 2021.
Trustmark operates 186 offices across Alabama, Florida, Mississippi, Tennessee, and Texas, providing banking services.
Trustmark Corporation (NASDAQ: TRMK) announces executive leadership transitions effective January 1, 2021. Gerard R. Host will become Executive Chairman, while Duane A. Dewey, currently COO, will take over as President and CEO. The Board of Directors expressed confidence in the succession plan and highlighted Dewey's extensive experience at Trustmark. Additionally, key financial leadership changes will occur with Louis E. Greer retiring in March 2021, succeeded by Thomas C. Owens as CFO. Granville Tate will also take on new responsibilities as Chief Administrative Officer.
Trustmark Corporation (Nasdaq: TRMK) reported a net income of $54.4 million for Q3 2020, translating to diluted earnings per share of $0.86. The company's return on average tangible equity stood at 16.82% while return on average assets was 1.37%. Noninterest income contributed 41.0% to total revenue, which reached $179.9 million, marking a 14.7% year-over-year increase. The CET1 ratio was 11.36%, and Trustmark declared a quarterly cash dividend of $0.23, payable December 15, 2020.
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