Trustmark Corporation Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2018; Reports Net Charge-Offs for the Fourth Quarter Ended December 31, 2018
January 23, 2019 at 09:30 pm
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Trustmark Corporation reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2018. For the quarter, the company's total interest income-FTE was $128,167,000 compared to $122,059,000 a year ago. Net interest income-FTE was $108,411,000 compared to $109,104,000 a year ago. Net income was $36,688,000 or $0.55 per basic and diluted share, compared to $15,768,000 or $0.23 per basic and diluted share, a year ago.
For the full year, the company's total interest income-FTE was $498,412,000 compared to $469,581,000 a year ago. Net interest income-FTE was $432,220,000 compared to $427,336,000 a year ago. Net income was $149,584,000 or $2.21 per diluted share, compared to $105,630,000 or $1.56 per diluted share, a year ago. Basic earnings per share was $2.22 compared to $1.56 a year ago.
The company reported net charge-offs for the fourth quarter ended December 31, 2018. For the quarter, the company reported total net charge-offs of $11,776,000 compared to $9,338,000 a year ago.
Trustmark Corporation is a bank holding company. The Company's principal subsidiary is Trustmark National Bank (TNB). Through TNB and its subsidiaries, the Company operates as a financial services company providing banking and other financial solutions. The Company operates through three segments: General Banking, Wealth Management and Insurance. The General Banking Segment is responsible for all traditional banking products and services, including loans and deposits. The Wealth Management Segment provides customized solutions for customers by integrating financial services with traditional banking products and services, such as money management, full-service brokerage, financial planning, personal and institutional trust and retirement services. Through Fisher Brown Bottrell Insurance, Inc. (FBBI), a subsidiary of TNB, the Insurance Segment provides a range of retail insurance products, including commercial risk management products, bonding, group benefits and personal lines coverage.
Trustmark Corporation Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2018; Reports Net Charge-Offs for the Fourth Quarter Ended December 31, 2018
TRUSTMARK CORPORATION 
