Trustmark profit rises 10 percent with merger help

JACKSON, Miss. (AP) -- Regional bank Trustmark Corp. says profit in 2013's third quarter rose 10 percent from the same three months of 2012, as the company continued to benefit from its takeover of the former BancTrust Financial Group.

Trustmark posted quarterly profit of $33 million or 49 cents per share Tuesday. That's up from $29.9 million or 46 cents per share in 2012's third quarter.

Analysts polled by FactSet had estimated 47 cents per share, on average.

Trustmark says credit quality continued to improve. The bank set aside $569,000 in anticipation of future bad loans.

BancTrust, of Mobile, Ala., merged into Trustmark Feb. 15. Those operations added $4.9 million to Trustmark profit during the quarter.

Jackson-based Trustmark has $11.8 billion in assets with offices in Mississippi, Alabama, Florida, Tennessee and Texas.


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