Hancock Whitney agrees to acquire Trustmark for $3.2 billion
TRMK•TRMK•TRMK•TRMK•Hancock Whitney will acquire Trustmark for approximately $3.2 billion, creating a regional bank with approximately $58 billion in assets. Trustmark shareholders will receive 0.7463 Hancock Whitney shares for each share held and own approximately 35% of the combined company.
Hancock Whitney will acquire Trustmark for approximately $3.2 billion. Trustmark shareholders will receive 0.7463 shares of common stock for each share held, giving them approximately 35% ownership of the combined company.
The combined regional bank is expected to have approximately $58 billion in assets. The transaction is expected to increase estimated 2028 earnings per share by approximately 7%; tangible book value per share dilution is estimated at approximately 7%, with an earn-back period of approximately 2.8 years, including merger expenses. Closing is expected late in the first quarter of 2027, subject to regulatory and shareholder approvals and customary conditions.
