Every material Form 8-K Trustmark filed with the SEC in 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Trustmark's board voted on October 22, 2024 to appoint Lea B. Turnipseed as a director effective January 1, 2025, and she also joins the board of Trustmark National Bank. The board has determined she is independent under Nasdaq rules, and committee assignments have not yet been set.
Lea B. Turnipseed, age 52, to join Trustmark board effective January 1, 2025
Non-employee director annual retainer of $45,000 for combined Board and Bank Board service
Planned 2025 time-based restricted stock award valued at approximately $55,000
Committee assignments undetermined; amendment to follow within four days of that decision
Trustmark reported third quarter 2024 net income of $51.3 million, or $0.84 per diluted share, up 50.8% from $34.0 million a year earlier. Net income from adjusted continuing operations rose 26.7% from the second quarter to $51.3 million, while reported net income fell 30.5% linked-quarter because the second quarter included the sale of Fisher Brown Bottrell Insurance and related items. The company also declared a $0.23 quarterly dividend payable December 15, 2024.
Third quarter net income $51.3 million, diluted EPS $0.84, versus $34.0 million in third quarter 2023
Total revenue $192.3 million in the third quarter; net interest margin 3.69%, up 31 basis points linked-quarter
Second quarter reported net income of $73.8 million, diluted EPS $1.20, included discontinued operations from the FBBI sale
Quarterly cash dividend of $0.23 per share payable December 15, 2024, to holders of record on December 1, 2024
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.
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
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.
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
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.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Trustmark filing is on SEC EDGAR ↗. 8-K briefs of other companies →