TRMK - Trustmark Mid-Year Review: Solid Slow And Conservative Growth
I first reviewed 131-year-old Trustmark Corporation (TRMK), Mississippi’s third largest bank with $13.5 billion in assets, over 530 days ago in a Seeking Alpha article entitled “Trustmark Bank: Not Ready After 130 Years.” Though noting the bank was solid, I suggested you pass on the Jackson, Mississippi institution with its slow-growing regional franchise consisting of about 195 full and limited-service offices in Mississippi, Tennessee, Florida, Alabama and Texas. Since that time, the bank handily outpaced the S&P 500 while banks I own and, at least two I recommend, all lagged that venerable index. At least