Recent Updates — TRMK
On September 3, 2026, Trustmark Bank sold 34 branch properties to Blue Owl Real Estate Capital for $91.7 million and simultaneously entered into triple net lease agreements with an initial aggregate annual rent of $6.4 million subject to 1.5% annual escalation. The sale-leaseback transaction generated a pre-tax gain of approximately $61.5 million. Concurrently, the company restructured its investment securities portfolio by selling $629.9 million in lower-yielding assets (weighted-average yield ~1.4%) and purchasing $628.0 million in higher-yielding assets (weighted-average yield ~5.0%), resulting in a pre-tax loss of approximately $61.5 million that offsets the real estate gain. Trustmark Corporation operates as a financial holding company providing banking and insurance services.
Trustmark Corporation reported second quarter 2026 financial results, announcing net income of $63.5 million, or $1.08 diluted earnings per share. Operating net income was $56.7 million, or $0.97 per share, excluding $6.9 million in non-routine gains from a mortgage loan sale and a Visa share exchange. Loans held for investment reached $13.9 billion, while deposits grew 2.3% to $16.1 billion. The company also declared a quarterly cash dividend of $0.25 per share, payable on September 15, 2026, to shareholders of record on September 1, 2026. Trustmark Corporation is a financial services company providing banking and financial solutions through offices in Alabama, Florida, Georgia, Mississippi, Tennessee and Texas.