Trustmark boosts 2Q profit - MSNewsNow.com - Jackson, MS

Trustmark boosts 2Q profit

 

JACKSON, Miss. (AP) - Regional banker Trustmark Corp. says it nearly doubled its second-quarter profit through the combination of more revenue and reductions in problem loans.

For the three months ending June 30, Trustmark earned $26.2 million, or 41 cents per share, compared with year-ago earnings in the second quarter of $13.4 million, or 23 cents per share.

Analysts surveyed by Thomson Reuters, on average, had forecast per-share earnings of 35 cents for the latest quarter.

Trustmark operates in Mississippi, Florida, Tennessee and Texas.

Copyright 2010 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

 

Powered by WorldNow