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Trustmark earnings increase slightly

By news admin

JACKSON, Miss. (AP) - Regional bank Trustmark Corp. says profit in 2013's fourth quarter rose 1 percent from the same three months of 2012, as the company worked to increase efficiency after its takeover of the former BancTrust Financial Group.

Trustmark posted quarterly profit of $28 million or 42 cents per share Tuesday. That compares to $27.7 million or 43 cents per share in 2012's fourth quarter.

The bank set aside $2.2 million for future loan losses, mostly related to loans it has acquired.

BancTrust, of Mobile, Ala., merged into Trustmark Feb. 15.

Trustmark says loans increased by about $100 million over the last three months.

Jackson-based Trustmark has $11.8 billion in assets with offices in Mississippi, Alabama, Florida, Tennessee and Texas.
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