Trustmark Corporation Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2024
July 23, 2024 at 04:30 pm EDT
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Trustmark Corporation reported earnings results for the second quarter and six months ended June 30, 2024. For the second quarter, the company reported net interest income was USD 144.33 million compared to USD 143.29 million a year ago. Net income was USD 73.83 million compared to USD 45.04 million a year ago. Basic loss per share from continuing operations was USD 1.64 compared to basic earnings per share from continuing operations of USD 0.67 a year ago. Diluted loss per share from continuing operations was USD 1.64 compared to diluted earnings per share from continuing operations of USD 0.67 a year ago. Basic earnings per share was USD 1.21 compared to USD 0.74 a year ago. Diluted earnings per share was USD 1.2 compared to USD 0.74 a year ago.
For the six months, net interest income was USD 280.53 million compared to USD 284.36 million a year ago. Net income was USD 115.37 million compared to USD 95.34 million a year ago. Basic loss per share from continuing operations was USD 1.02 compared to basic earnings per share from continuing operations of USD 1.46 a year ago. Diluted loss per share from continuing operations was USD 1.02 compared to diluted earnings per share from continuing operations of USD 1.45 a year ago. Basic earnings per share was USD 1.89 compared to USD 1.56 a year ago. Diluted earnings per share was USD 1.88 compared to USD 1.56 a year ago.
Trustmark Corporation is a bank holding company. The Company's principal subsidiary is Trustmark National Bank (TNB). Through TNB and its subsidiaries, the Company operates as a financial services company providing banking and other financial solutions. The Company operates through three segments: General Banking, Wealth Management and Insurance. The General Banking Segment is responsible for all traditional banking products and services, including loans and deposits. The Wealth Management Segment provides customized solutions for customers by integrating financial services with traditional banking products and services, such as money management, full-service brokerage, financial planning, personal and institutional trust and retirement services. Through Fisher Brown Bottrell Insurance, Inc. (FBBI), a subsidiary of TNB, the Insurance Segment provides a range of retail insurance products, including commercial risk management products, bonding, group benefits and personal lines coverage.