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.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Trustmark's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Trustmark's position in the market.
Rhea-AI Summary
Trustmark (NASDAQ: TRMK) reported strong financial results for the first quarter of 2024, with net income of $41.5 million, diluted earnings per share of $0.68, and a return on average tangible equity of 12.98%. The company saw solid loan growth, stable credit quality, and growth in fee income, while managing expenses effectively. Trustmark declared a quarterly cash dividend of $0.23 per share. Loans held for investment increased 0.8%, revenue totaled $188.2 million, and noninterest income grew by 11.1%. Noninterest expense decreased by 3.9%. Trustmark maintained a strong capital position with CET1 ratio of 10.12% and total risk-based capital ratio of 12.42%. The company's loan portfolio remains diversified, and deposits decreased by 1.5%. Net charge-offs totaled $4.1 million, and provision for credit losses was $7.7 million. Net interest income decreased by 2.8%, while noninterest income grew by 11.1%. Trustmark remains focused on customer relationships, expense management, and long-term value creation for shareholders.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.57%
Tags
-
Rhea-AI Summary
Trustmark National Bank has agreed to sell Fisher Brown Bottrell Insurance, Inc. to Marsh & McLennan Agency for $345 million in cash. The sale is expected to allow Trustmark to capitalize on the strong valuation premiums in the insurance brokerage sector. The transaction value represents approximately 5.9 times FBBINSURANCE’s 2023 revenue and 28.0 times net income. After-tax proceeds of $228 million will be used to enhance Trustmark’s balance sheet. The sale is anticipated to close by the end of the second quarter of 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.57%
Tags
-
Rhea-AI Summary
Trustmark (TRMK) to Release First Quarter 2024 Financial Results; CEO to Host Conference Call
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.52%
Tags
Rhea-AI Summary
Trustmark Corporation (NASDAQGS:TRMK) reported net income of $36.1 million in Q4 2023, with a full-year net income of $165.5 million. The company also declared a quarterly cash dividend of $0.23 per share. Loans held for investment increased by 6.1% in 2023, and deposits increased by 7.8%. Trustmark's net interest income increased by 11.7% in 2023, and noninterest income represented 27.2% of total revenue. The company has maintained a strong capital position and a solid liquidity position. However, the net interest margin decreased by 4 basis points in the fourth quarter, and noninterest expense increased by 5.9% from the prior year.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.32%
Tags
-
Rhea-AI Summary
Trustmark Corporation (TRMK) will announce its Q4 2023 financial results on January 23, 2024. President and CEO Duane A. Dewey will conduct a conference call on January 24, 2024, to discuss the results. Trustmark is a financial services company operating in 6 states. For more information, visit trustmark.com.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.96%
Tags
-
Rhea-AI Summary
Trustmark Corporation reports net income of $34.0 million in Q3 2023, with diluted earnings per share of $0.56. Excluding a litigation settlement expense, net income totaled $38.9 million, or $0.64 per share. Loans held for investment increased by 1.6% to $12.8 billion, while deposits expanded by 1.3% to $15.1 billion. Net interest income totaled $141.9 million, down $1.4 million linked-quarter. Noninterest income was $52.2 million, representing 27.4% of total revenue. Credit quality remained solid with net charge-offs totaling $3.6 million. Trustmark's Board of Directors declared a quarterly cash dividend of $0.23 per share.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.7%
Tags
Rhea-AI Summary
Trustmark Corporation (NASDAQGS:TRMK) will announce its Q3 2023 financial results on October 24, 2023. Duane A. Dewey, President and CEO, will conduct a conference call on October 25, 2023, to discuss the results.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
-
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
8.12%
Tags
-
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.18%
Tags
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.41%
Tags
Trustmark Corp
Nasdaq:TRMK
TRMK Rankings
TRMK Stock Data
1.86B
59.29M
8.72%
69.04%
2.68%
Commercial Banking
Finance and Insurance
United States of America
JACKSON
About TRMK
trustmark is one of the south’s most respected banks, with $12 billion in assets and over 200 locations in alabama, florida, mississippi, tennessee and texas. we provide banking, wealth management and insurance solutions through our subsidiaries, including trustmark national bank, trustmark investment advisors, inc. and fisher brown bottrell insurance, inc. for 125 years, trustmark has been serving families, businesses and communities with a sound and conservative banking philosophy. we are solid, profitable, well-capitalized and ready to assist in meeting your financial needs. "people you trust. advice that works." that is how we define ourselves at trustmark. we believe in building strong customer relationships, and we work hard to know and understand our customers. we realize the trust you place in your financial institution, and we look forward to demonstrating the value behind our name when you join the trustmark family. equal housing lender | member fdic privacy policy: www