Trustmark Corp (TRMK) Misses Q1 EPS by 4c, Revenues Beat
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Trustmark Corporation Announces First Quarter 2020 Financial Results
April 28, 2020 4:30 PM EDTPosition of strength and stability allows for proactive response to COVID-19 pandemic
JACKSON, Miss.--(BUSINESS WIRE)-- Trustmark Corporation (Nasdaq: TRMK) reported net income of $22.2 million in the first quarter of 2020, representing diluted earnings per share of $0.35. During the first quarter, the provision and expense for credit losses totaled $27.4 million, primarily due to the impact of the COVID-19 pandemic on expected credit losses. This increased provision and expense for credit losses reduced after-tax net income by approximately $0.32 per diluted share. First quarter results also include a one-time,... More
