As of the last report on October 31, 2024, Trustmark (NASDAQ:TRMK) Corporation had 61,158,026 shares outstanding. The initiation of this stock repurchase program reflects the company's commitment to managing its capital and providing value to its shareholders, which has already resulted in a remarkable 66% return over the past year.
As of the last report on October 31, 2024, Trustmark Corporation had 61,158,026 shares outstanding. The initiation of this stock repurchase program reflects the company's commitment to managing its capital and providing value to its shareholders.
In other recent news, Trustmark Corporation's third-quarter earnings exceeded expectations, prompting Truist Securities to elevate its stock target from $35 to $36. The revised Core EPS estimates for 2024 and 2025, now standing at $2.91 and $3.01 respectively, reflect an anticipated rise in net interest income. Trustmark reported a net income of $51.3 million and diluted earnings per share of $0.84, a 26.7% increase from the previous year. However, a slight decrease in loans held for investment and a drop in deposits were also noted.
Trustmark has announced the appointment of Lea B. Turnipseed as its new independent director, effective January 1, 2025. Turnipseed's extensive leadership experience at Entergy Corporation (NYSE:ETR) is anticipated to contribute to Trustmark's strategic planning. The company is actively seeking merger and acquisition opportunities, particularly in Houston and Birmingham, as part of its ongoing development.
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