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.
1. Dead bald eagle found in Columbus appears to have been shot COLUMBUS & LOWNDES COUNTY
2. 'Stan the Man' retires COLUMBUS & LOWNDES COUNTY
3. Boys and Girls Club ready for first off-site program COLUMBUS & LOWNDES COUNTY
4. Consultant brings fresh eyes to short-staffed CPD COLUMBUS & LOWNDES COUNTY
5. 2 MSU employees apply for Turner's school board seat STARKVILLE & OKTIBBEHA COUNTY