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Trustmark Q2 Earnings Call Highlights
['Tristan Rich']
Markets Daily
Get alerts:Results included two non-routine items that together added $6.9 million, or $0.11 per diluted share, to net income.
Excluding those items, operating net income was $56.7 million, or $0.97 per diluted share, President and CEO Duane Dewey said during the company’s earnings call.
Loans, Deposits and MarginThe company sold $73.8 million of mortgage loans that were primarily three payments delinquent or non-accrual.
The reserve associated with the portfolio exceeded the credit discount, producing a $3.2 million increase in net income.
Excluding the mortgage loan sale, loans increased $108.9 million, or 0.8%, sequentially, and $522 million, or 3.9%, from a year earlier.