Trustmark Q2 net income $73.8 million on insurance sale gain; continuing ops loss
Trustmark reported second quarter 2024 net income of $73.8 million, or $1.20 per diluted share, up from $41.5 million and $0.68 in the first quarter. The result was driven by a $171.2 million after-tax gain on the sale of Fisher Brown Bottrell Insurance, which is reported in discontinued operations, while the loss from continuing operations was $100.6 million after a $182.8 million pre-tax loss on securities restructuring. Excluding these non-routine items, adjusted continuing operations net income was $40.5 million, or $0.66 per diluted share.
Key points
- Net income of $73.8 million, or $1.20 per diluted share, versus $41.5 million, or $0.68 per diluted share, in the first quarter of 2024
- Loss from continuing operations of $100.6 million, including a $182.8 million pre-tax loss on the securities portfolio restructuring
- Adjusted continuing operations net income of $40.5 million, or $0.66 per diluted share
- Board declared a quarterly cash dividend of $0.23 per share, payable September 15, 2024
The filing
Written by AI on Nov 8, 2026, 1:49 AM ET, from this filing 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 July 23, 2024.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.