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Trustmark beats Street 1Q forecasts

JACKSON, Miss. (AP) _ Trustmark Corp. (TRMK) on Tuesday reported first-quarter profit of $31.2 million.

The Jackson, Mississippi-based bank said it had earnings of 46 cents per share.

The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 42 cents per share.

The holding company for Trustmark National Bank posted revenue of $155.8 million in the period. Its adjusted revenue was $148.5 million, which also topped Street forecasts. Three analysts surveyed by Zacks expected $144.6 million.

Trustmark shares have declined 7.5 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $32.97, a rise of 36 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TRMK at https://www.zacks.com/ap/TRMK


Keywords: Trustmark, Earnings Report