JACKSON, Mississippi — Trustmark Corp. has announced a net income available to common shareholders of $33.0 million in the third quarter, which resulted in diluted earnings per common share of 49 cents, an increase of 6.5 percent from the prior quarter as well as from levels one year earlier.
Trustmark’s performance during the quarter produced a return on average tangible common equity of 14.92 percent and a return on average assets of 1.11 percent. During the first nine months of 2013, Trustmark’s net income available to common shareholders totaled $89 million, or $1.33 per common share. Trustmark’s Board of Directors declared a quarterly cash dividend of 23 cents per common share payable Dec. 15 to shareholders of record on Dec. 1.
Gerard R. Host, President and CEO, said: “Trustmark posted another quarter of solid financial results. Total revenue increased to $145.6 million, reflecting the success of our recent merger with BancTrust as well as expanding customer relationships in our legacy banking, wealth management and insurance businesses. We also continued to benefit from improvements in credit quality. During the quarter, we completed our previously announced purchase of two branch offices in Oxford, Mississippi, and are pleased to provide our newest customers with an expanded array of financial services. Thanks to our dedicated associates, solid profitability and strong capital base, we are well-positioned to continue providing value for our customers and shareholders.”
Click here to read the full report.
Cadence Bank today announced the release of Fluent by Cadence, a new suite of products designed to help clients manage their money better, faster and more conveniently.
Available at no charge to Cadence Bank customers, Fluent is comprised of three secure, user-friendly products for a comprehensive and engaging money management experience: Cadence Mobile, Cadence FlashDeposit and Cadence TotalMoney. With Fluent, customers get the convenience of mobile banking, mobile deposit, personal financial management and online budgeting.
“In today’s connected world, technology facilitates many of our everyday experiences,” said Sam Tortorici, CEO of Cadence Bank. “Consumers are interacting with financial services and financial data in a much deeper way, and they’re looking for richer banking experiences. Much of what was once done at the branch is now being done through smartphones and tablets.”
Fluent allows customers to: Aggregate accounts for a complete financial picture, set and track monthly budgets, view spending by category, better manage debt and deposit checks with a photo from an iPhone, iPad or iPod Touch.
Cadence Bank, N.A., based in Birmingham, Ala., is a $6.2 billion bank with more than 100 locations in Alabama, Florida, Georgia, Mississippi, Tennessee and Texas. It has 15 locations in Mississippi, mostly in East Mississippi between Philadelpha and Amory.
Attorney General Jim Hood
Mississippians should be aware — a notice saying they are big winners could result in big losses.
Attorney General Jim Hood has issued an alert on phony phone marketers promising lottery winnings or bogus checks in the mail.
This particular scam, referred to as the lottery scam, can surface via phone, mail or email. The standard con includes a claim of a fairly significant win. The mail version of this scam may even include a check with a legitimate business name printed on it. Many times, these checks will even contain a real routing number in order to try and initially fool the banking system, giving the appearance that the check is legitimate when in fact it will later bounce.
“Lottery scams are reported to our office just about every day,” said Hood. “Cons will send out these checks hoping to convince the consumer into believing that they are getting a significant amount of money if they just cover a small amount of taxes or fees in return. We have even had reports that these crooks claim I am going to deliver the winnings personally. Although I liked Ed McMahon, I will not be delivering checks to people’s homes.”
Attorney General Hood advises that the best approach to these schemes is to ignore them. If you have not entered into a lottery or sweepstakes, then it is unlikely you have won one.
Also, you never have to pay to collect winnings from a legitimate lottery. You pay taxes after you receive the winnings.
Anyone who suspects they have been a victim of this scam or any other should contact the Consumer Protection Division of the Attorney General’s Office at 1-800-281-4418 or 601-359-4230. Visit www.agjimhood.com for more information.
Good deer hunters don’t always make for good farmers. Many find themselves needing guidance on the ins and outs of food plot management.
Now, Mississippi State University Deer Lab is offering an app for that.
Bronson Strickland, a wildlife management specialist with the MSU Extension Service, said he wanted to give people easy access to research-based information while in the field or in the feed store looking at seed.
“We took information about seeding rates, varieties, warm-season and cool-season plants and perennials from the Supplemental Wildlife Food Planting Manual and developed an app to give people quick ideas on how to plan and what to buy for their food plots,” Strickland said.
Strickland said users can click on the type of deer food plot they want, such as a cool-season plot for the hunting season, and they will see information for reliable forages.
“When the user selects a particular forage, the seeding rate, planting date and common varieties will be displayed,” he said. “We even have a section on mixes of different forages that will work well for wildlife managers in Mississippi and the Southeast.”
“Deer Plot App” is available for Apple devices. An Android version will be ready soon. Strickland worked with Steve Demarais, a professor in the Forest and Wildlife Research Center, and Rodney Pearson, professor of management and information systems in the MSU School of Business, to create the app.
Additional research-based information on managing white-tailed deer is located online at the MSU Deer Lab website, www.msudeer.com.