05:34 PM EDT, 04/23/2024 (MT Newswires) -- Trustmark (TRMK) reported Q1 earnings late Tuesday of $0.68 per diluted share, down from $0.82 a year earlier.

Analysts surveyed by Capital IQ expected $0.61.

Revenue for the quarter ended March 31, expressed as the sum of net interest income and total noninterest income, was $191.5 million, down from $192.4 million.

Analysts surveyed by Capital IQ expected $189.2 million.

The board maintained a quarterly dividend of $0.23 per share, payable June 15 to shareholders of record on June 1.

The company's unit Trustmark National Bank also said that it has agreed to sell its subsidiary Fisher Brown Bottrell Insurance to Marsh & McLennan Agency for $345 million in cash. The transaction is expected to close by Q2.

Shares of the company rose more than 5% in after-hours activity.

Price: 29.00, Change: +1.45, Percent Change: +5.26