Trustmark nearly doubles fourth-quarter profit

The Associated Press

January 26, 2011 9:09:00 AM

JACKSON - Regional banker Trustmark Corp. says it nearly doubled its fourth-quarter profit from a year ago as the company recorded declines in bad loans and cut its exposure to Florida real estate problems.

For the three months ending Dec. 31, Jackson-based Trustmark earned $25.2 million, or 23 cents per share, compared with year-ago earnings in the fourth quarter of $13.9 million, or 23 cents per share, a year ago.

Trustmark had 4.8 million more outstanding shares in the latest quarter. A year ago, the company paid $10 million in preferred stock dividends and discounts.

During the latest quarter, Trustmark said nonperforming loans fell 10.3 percent, while nonperforming assets dropped 5.9 percent.

printer friendly version | back to top

Reader Comments

Most Viewed News Stories

1. New Hope graduate wins Miss Minnesota pageant COLUMBUS & LOWNDES COUNTY

2. Local man charged in Holly Hills death COLUMBUS & LOWNDES COUNTY

3. Browning on Business: New hotel coming to Columbus BUSINESS

4. West Point woman charged with exploitation AREA

5. Arrest report: 3-3-15 AREA