...Franchise Supports Rating: Trustmark Corp.'s (TRMK) ratings continue to reflect its strong market share in its home state of Mississippi and growing market share in other parts of the Southeast. Fitch Ratings regards the company's deposit franchise as a rating strength and as having a higher influence on its rating. Solid Underwriting Standards: Fitch believes TRMK has sound underwriting standards evidenced by consistent profitability and relatively low chargeoff levels in aggregate over various economic cycles. Fitch expects chargeoff levels and credit costs in general to remain lower than peers over the long run, which is incorporated within the Stable Rating Outlook. Slowing Loan Growth: TRMK's loan growth has slowed in recent periods, in part due to elevated paydowns, which Fitch views positively. The company's growth in loans held for investment has been well in excess of economic growth and was elevated compared to peers in prior years. Additionally, much of the growth was in commercial...
