Trustmark Corporation Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2024
October 22, 2024 at 04:40 pm EDT
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Trustmark Corporation reported earnings results for the third quarter and nine months ended September 30, 2024. For the third quarter, the company reported net interest income was USD 158.02 million compared to USD 141.94 million a year ago. Net income was USD 51.33 million compared to USD 34.03 million a year ago. Basic earnings per share from continuing operations was USD 0.84 compared to USD 0.5 a year ago. Diluted earnings per share from continuing operations was USD 0.84 compared to USD 0.5 a year ago. Basic earnings per share was USD 0.84 compared to USD 0.56 a year ago. Diluted earnings per share was USD 0.84 compared to USD 0.56 a year ago.
For the nine months, net interest income was USD 438.55 million compared to USD 426.3 million a year ago. Net income was USD 166.7 million compared to USD 129.37 million a year ago. Basic loss per share from continuing operations was USD 0.18 compared to basic earnings per share from continuing operations of USD 1.96 a year ago. Diluted loss per share from continuing operations was USD 0.18 compared to diluted earnings per share from continuing operations of USD 1.95 a year ago. Basic earnings per share was USD 2.72 compared to USD 2.12 a year ago. Diluted earnings per share was USD 2.72 compared to USD 2.11 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.