JACKSON — Trustmark Corporation (NASDAQ:TRMK) reported net income of $29.0 million in the first quarter of 2014, which represented diluted earnings per share of $0.43, an increase of 2.4 percent from the prior quarter and 13.2 percent compared to one year earlier.
Trustmark’s performance during the first three months of 2014 produced a return on average tangible equity of 12.93 percent and a return on average assets of 0.99 percent.
Trustmark’s board of directors declared a quarterly cash dividend of $0.23 per share payable June 15 to shareholders of record on June 1.
Gerard R. “Jerry” Host, president and CEO, said, “Trustmark continued to achieve solid financial results in the first quarter, reflecting the fourth consecutive quarter of growth in our legacy loan portfolio as well as continued improvement in credit quality. Expansion of our net interest margin excluding acquired loans coupled with solid growth in noninterest income and disciplined expense management was a great way to begin the year. Thanks to our associates, solid profitability and strong capital base, Trustmark remains well-positioned to continue meeting the needs of our customers and creating value for our shareholders as we enter our 125th year.”
BEFORE YOU GO…
… we’d like to ask for your support. More people are reading the Mississippi Business Journal than ever before, but advertising revenues for all conventional media are falling fast. Unlike many, we do not use a pay wall, because we want to continue providing Mississippi’s most comprehensive business news each and every day. But that takes time, money and hard work. We do it because it is important to us … and equally important to you, if you value the flow of trustworthy news and information which have always kept America strong and free for more than 200 years.
If those who read our content will help fund it, we can continue to bring you the very best in news and information. Please consider joining us as a valued member, or if you prefer, make a one-time contribution.Click for more info