JACKSON – Trustmark Corp., which has 150 banking offices in the South, posted a first-quarter profit largely unchanged from a year ago as the company continued reducing its number of bad loans.
For the three months ending March 31, Jackson-based Trustmark earned $24 million, or 37 cents per share. In the year-ago first-quarter, earnings totaled $23.5 million, or 37 cents per share.
Trustmark said nonperforming loans decreased 11.3 percent from the fourth quarter of 2010 to $126.8 million, or just over 2 percent of all its loans. The company said that marked the fourth consecutive quarter that nonperforming loans had been cut.
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