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Trustmark declares 23-cent dividend for 3rd quarter

Trustmark-logoSpecial to The MBJ

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.”

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