Trustmark earnings increase slightly
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.