Trustmark Q1 2024 net income $41.5 million, EPS $0.68; CEO contract extended to 2027
Trustmark reported first quarter 2024 net income of $41.5 million, or $0.68 diluted EPS, up from $36.1 million and $0.59 in the prior quarter but down from $50.3 million and $0.82 a year earlier. The company also extended CEO Duane A. Dewey's employment agreement by two years through December 31, 2027, and agreed to sell its insurance subsidiary Fisher Brown Bottrell Insurance to Marsh & McLennan Agency.
Key points
- Q1 2024 net income $41.5 million, diluted EPS $0.68, versus $0.59 in Q4 2023 and $0.82 in Q1 2023
- Revenue $188.2 million, up 0.9% linked-quarter but down 0.4% year-over-year; noninterest expense fell 3.9% linked-quarter to $131.1 million
- Duane A. Dewey's employment agreement extended to December 31, 2027; no other changes to the agreement
- Trustmark National Bank agreed to sell Fisher Brown Bottrell Insurance, Inc. to Marsh & McLennan Agency LLC; the filing does not state a price
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:49 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on April 23, 2024.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.