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 Corp (TRMK) provides banking, wealth management, and insurance services across the Southern United States. This page serves as the definitive source for all Trustmark-related news, offering investors and stakeholders timely access to official updates.
Find curated press releases covering earnings reports, regulatory filings, product launches, and leadership announcements. Our collection includes updates on community initiatives reflecting Trustmark's regional focus and corporate responsibility efforts.
Bookmark this page for streamlined tracking of TRMK's financial developments, merger/acquisition activity, and strategic partnerships. All content is sourced directly from company disclosures to ensure accuracy and compliance with financial reporting standards.
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
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.
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