Home » NEWS » Banking & Finance » Trustmark: 2Q Earnings Snapshot

Trustmark: 2Q Earnings Snapshot

Trustmark Corp. on Tuesday reported second-quarter net income of $32.2 million.

The bank, based in Jackson, Mississippi, said it had earnings of 51 cents per share.

The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 25 cents per share.

The holding company for Trustmark National Bank posted revenue of $187.2 million in the period. Its revenue net of interest expense was $177.5 million, also topping Street forecasts. Four analysts surveyed by Zacks expected $160.3 million.

Trustmark shares have declined 34% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $22.63, a fall of 35% in the last 12 months.


… 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

About MBJ Newswires