<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>2
<FILENAME>press_rel063004.txt
<DESCRIPTION>FORM 8-K FOR 2Q PRESS RELEASE
<TEXT>
                                                                    Exhibit 99.1

FOR IMMEDIATE RELEASE                                               News Release
July 20, 2004

         Trustmark Announces Record Earnings Per Share in Second Quarter

Jackson,  Miss. - Trustmark  Corporation  (NASDAQ:TRMK)  announced  record basic
earnings per share of $0.57 for the second quarter of 2004,  which  represents a
7.5% increase  compared to $0.53 for the second  quarter of 2003. Net income for
the second quarter of 2004 totaled $33.0 million.  Trustmark's  performance  for
the quarter ended June 30, 2004, resulted in a return on average assets of 1.61%
and a return on average shareholders' equity of 18.51%.

Basic  earnings per share for the six months  ended June 30,  2004,  were $1.03,
compared  to $0.94 for 2003.  Trustmark's  performance  during the first half of
2004  resulted  in a return on  average  assets of 1.49% and a return on average
shareholders' equity of 16.91%. At June 30, 2004, Trustmark reported total loans
of $5.4 billion,  total assets of $8.3 billion,  total  deposits of $5.2 billion
and shareholders' equity of $709.8 million.

Richard  G.  Hickson,  Chairman  and CEO,  stated,  "Our  financial  performance
reflects our  continuing  success in providing  banking and financial  solutions
that meet the needs of our customers.  Our expansion  efforts in Houston and the
Florida  panhandle have been well received as we introduced  additional  banking
and wealth  management  resources in these dynamic markets.  Our loans increased
approximately $559 million,  or 11.6%, and deposits grew $276 million, or 5.6 %,
when  compared  to figures  one year  earlier.  These  results  provide  further
evidence  of  our  development  into  a  premier  regional   financial  services
organization."

Improvement in economic  conditions during the second quarter resulted in higher
interest rates, which increased the value of Trustmark's home mortgage servicing
rights. Consequently,  Trustmark reversed approximately $6.8 million in non-cash
mortgage  servicing  impairment  charges  recorded  in previous  quarters.  This
reversal   increased   Trustmark's  second  quarter  earnings  by  $4.2  million
after-tax,  or $0.07 per  share.  Additional  non-cash  recoveries  of  mortgage
servicing  impairment could occur if interest rates rise,  refinancing slows and
the expected life of home mortgage loans lengthens.

Trustmark  is a financial  services  company  providing  banking  and  financial
solutions through over 145 offices and 2,450 associates in Mississippi, Florida,
Tennessee and Texas. For additional financial information, visit Trustmark's web
site at www.trustmark.com.

Forward Looking Statements
This press release contains forward-looking statements within the meaning of and
pursuant to the safe harbor  provisions  of the  Private  Securities  Litigation
Reform  Act  of  1995.  A  forward-looking   statement  in  this  press  release
encompasses  any  estimate,  prediction,   expectation,   projection,   opinion,
anticipation,  outlook or statement of belief included  therein,  as well as the
management assumptions underlying those forward-looking statements. Factors that
might cause future  results to differ from such  forward-looking  statements are
described in Trustmark's  filings with the  Securities and Exchange  Commission.
Trustmark  undertakes no obligation to update or revise any of this information,
whether as the result of new  information,  future  events or  developments,  or
otherwise.

Trustmark Contacts
Investors:      Zach Wasson                                 Joseph Rein
                Executive Vice President and CFO            First Vice President
                601-208-6816                                601-208-6898

Media:          Gray Wiggers
                Senior Vice President
                601-208-5942

<PAGE>

                     TRUSTMARK CORPORATION AND SUBSIDIARIES
                       CONSOLIDATED FINANCIAL INFORMATION
                                  June 30, 2004
                                ($ in thousands)
                                   (unaudited)

                             Quarter Ended June 30,
                             -----------------------
AVERAGE BALANCES                2004         2003      $ Change    % Change
----------------             ----------   ----------   ---------   --------
Securities AFS-taxable       $1,944,596   $1,497,929   $ 446,667      29.8%
Securities AFS-nontaxable        70,569       65,862       4,707       7.1%
Securities HTM-taxable           76,931      284,115    (207,184)    -72.9%
Securities HTM-nontaxable        88,327       90,708      (2,381)     -2.6%
                             ----------   ----------   ---------
Total securities              2,180,423    1,938,614     241,809      12.5%
                             ----------   ----------   ---------
Loans                         5,288,298    4,742,289     546,009      11.5%
Fed funds sold
   and rev repos                 24,132       31,055      (6,923)    -22.3%
                             ----------   ----------   ---------
Total earning assets          7,492,853    6,711,958     780,895      11.6%
                             ----------   ----------   ---------
Allowance for loan losses       (74,215)     (75,142)        927      -1.2%
Cash and due from banks         337,596      306,173      31,423      10.3%
Other assets                    486,184      404,207      81,977      20.3%
                             ----------   ----------   ---------
Total assets                 $8,242,418   $7,347,196   $ 895,222      12.2%
                             ==========   ==========   =========

Int-bearing demand dep       $1,350,812   $1,157,982   $ 192,830      16.7%
Savings deposits              1,020,639      832,978     187,661      22.5%
Time deposits less
  than $100,000               1,280,910    1,226,988      53,922       4.4%
Time deposits of $100,000
  or more                       456,185      436,316      19,869       4.6%
                             ----------   ----------   ---------
Total interest-bearing dep    4,108,546    3,654,264     454,282      12.4%
Fed funds pch and repos         894,158    1,040,233    (146,075)    -14.0%
Short-term borrowings           775,093      271,112     503,981     185.9%
Long-term FHLB advances         409,330      457,667     (48,337)    -10.6%
                             ----------   ----------   ---------
Total interest-bearing
  liabilities                 6,187,127    5,423,276     763,851      14.1%
Nonint-bearing deposits       1,283,043    1,199,182      83,861       7.0%
Other liabilities                54,867       58,474      (3,607)     -6.2%
Shareholders' equity            717,381      666,264      51,117       7.7%
                             ----------   ----------   ---------
Total liab and equity        $8,242,418   $7,347,196   $ 895,222      12.2%
                             ==========   ==========   =========
<PAGE>

                              Year-to-date June 30,
                             -----------------------
AVERAGE BALANCES                2004         2003      $ Change    % Change
----------------             ----------   ----------   ---------   --------
Securities AFS-taxable       $1,909,830   $1,367,607   $ 542,223      39.6%
Securities AFS-nontaxable        71,101       67,930       3,171       4.7%
Securities HTM-taxable           80,693      345,797    (265,104)    -76.7%
Securities HTM-nontaxable        88,800       90,826      (2,026)     -2.2%
                             ----------   ----------   ---------
Total securities              2,150,424    1,872,160     278,264      14.9%
                             ----------   ----------   ---------
Loans                         5,175,855    4,680,028     495,827      10.6%
Fed funds sold
  and rev repos                  20,685       30,381      (9,696)    -31.9%
                             ----------   ----------   ---------
Total earning assets          7,346,964    6,582,569     764,395      11.6%
                             ----------   ----------   ---------
Allowance for loan losses       (74,292)     (75,143)        851      -1.1%
Cash and due from banks         337,176      304,283      32,893      10.8%
Other assets                    476,066      407,159      68,907      16.9%
                             ----------   ----------   ---------
Total assets                 $8,085,914   $7,218,868   $ 867,046      12.0%
                             ==========   ==========   =========

Int-bearing demand dep       $1,329,150   $1,099,400   $ 229,750      20.9%
Savings deposits                994,876      809,055     185,821      23.0%
Time deposits less
  than $100,000               1,270,790    1,244,333      26,457       2.1%
Time deposits of $100,000
  or more                       456,809      450,096       6,713       1.5%
                             ----------   ----------   ---------
Total interest-bearing dep    4,051,625    3,602,884     448,741      12.5%
Fed funds pch and repos         893,181      983,534     (90,353)     -9.2%
Short-term borrowings           643,870      256,324     387,546     151.2%
Long-term FHLB advances         460,816      466,384      (5,568)     -1.2%
                             ----------   ----------   ---------
Total interest-bearing
  liabilities                 6,049,492    5,309,126     740,366      13.9%
Nonint-bearing deposits       1,270,554    1,179,174      91,380       7.7%
Other liabilities                54,897       63,735      (8,838)    -13.9%
Shareholders' equity            710,971      666,833      44,138       6.6%
                             ----------   ----------   ---------
Total liab and equity        $8,085,914   $7,218,868   $ 867,046      12.0%
                             ==========   ==========   =========
<PAGE>

                                     June 30,
                             -----------------------
PERIOD END BALANCES             2004         2003      $ Change    % Change
-------------------          ----------   ----------   ---------   --------
Sec available for sale       $1,992,239   $1,536,935   $ 455,304      29.6%
Sec held to maturity            159,173      312,001    (152,828)    -49.0%
                             ----------   ----------   ---------
Total securities              2,151,412    1,848,936     302,476      16.4%
Loans                         5,384,791    4,825,953     558,838      11.6%
Fed funds sold
  and rev repos                  23,102       19,561       3,541      18.1%
                             ----------   ----------   ---------
Total earning assets          7,559,305    6,694,450     864,855      12.9%
                             ----------   ----------   ---------
Allowance for loan losses       (74,179)     (74,819)        640      -0.9%
Cash and due from banks         269,560      345,050     (75,490)    -21.9%
Mortgage servicing rights        54,635       37,680      16,955      45.0%
Goodwill                        110,271       48,028      62,243     129.6%
Identifiable intangibles         21,672       21,062         610       2.9%
Other assets                    309,073      301,848       7,225       2.4%
                             ----------   ----------   ---------
Total assets                 $8,250,337   $7,373,299   $ 877,038      11.9%
                             ==========   ==========   =========

Nonint-bearing deposits      $1,260,238   $1,306,795   $ (46,557)     -3.6%
Int-bearing deposits          3,982,931    3,659,985     322,946       8.8%
                             ----------   ----------   ---------
Total deposits                5,243,169    4,966,780     276,389       5.6%
Fed funds pch and repos         915,121      976,051     (60,930)     -6.2%
Short-term borrowings           944,715      239,605     705,110     294.3%
Long-term FHLB advances         380,970      457,624     (76,654)    -16.8%
Other liabilities                56,561       68,880     (12,319)    -17.9%
                             ----------   ----------   ---------
Total liabilities             7,540,536    6,708,940     831,596      12.4%
                             ----------   -----------  ---------
Common stock                     12,044       12,296        (252)     -2.0%
Surplus                         120,608      152,981     (32,373)    -21.2%
Retained earnings               586,215      506,401      79,814      15.8%
Accum other comprehensive
  loss, net of taxes             (9,066)      (7,319)     (1,747)     23.9%
                             ----------   ----------   ---------
Total shareholders' equity      709,801      664,359      45,442       6.8%
                             ----------   ----------   ---------
Total liab and equity        $8,250,337   $7,373,299   $ 877,038      11.9%
                             ==========   ==========   =========
Total int-bearing liab       $6,223,737   $5,333,265   $ 890,472      16.7%
                             ==========   ==========   =========
<PAGE>

PERIOD END BALANCES          06/30/2004   12/31/2003   $ Change    % Change
-------------------          ----------   ----------   ---------   --------
Sec available for sale       $1,992,239   $1,933,993   $  58,246       3.0%
Sec held to maturity            159,173      178,450     (19,277)    -10.8%
                             ----------   ----------   ---------
Total securities              2,151,412    2,112,443      38,969       1.8%
Loans                         5,384,791    5,032,612     352,179       7.0%
Fed funds sold
  and rev repos                  23,102       37,712     (14,610)    -38.7%
                             ----------   ----------   ---------
Total earning assets          7,559,305    7,182,767     376,538       5.2%
                             ----------   ----------   ---------
Allowance for loan losses       (74,179)     (74,276)         97      -0.1%
Cash and due from banks         269,560      333,096     (63,536)    -19.1%
Mortgage servicing rights        54,635       49,707       4,928       9.9%
Goodwill                        110,271       95,877      14,394      15.0%
Identifiable intangibles         21,672       21,921        (249)     -1.1%
Other assets                    309,073      305,229       3,844       1.3%
                             ----------   ----------   ---------
Total assets                 $8,250,337   $7,914,321   $ 336,016       4.2%
                             ==========   ==========   =========

Nonint-bearing deposits      $1,260,238   $1,329,444   $ (69,206)     -5.2%
Int-bearing deposits          3,982,931    3,760,015     222,916       5.9%
                             ----------   ----------   ---------
Total deposits                5,243,169    5,089,459     153,710       3.0%
Fed funds pch and repos         915,121      928,135     (13,014)     -1.4%
Short-term borrowings           944,715      621,532     323,183      52.0%
Long-term FHLB advances         380,970      531,035    (150,065)    -28.3%
Other liabilities                56,561       54,587       1,974       3.6%
                             ----------   ----------   ---------
Total liabilities             7,540,536    7,224,748     315,788       4.4%
                             ----------   ----------   ---------
Common stock                     12,044       12,136         (92)     -0.8%
Surplus                         120,608      132,383     (11,775)     -8.9%
Retained earnings               586,215      548,521      37,694       6.9%
Accum other comprehensive
  loss, net of taxes             (9,066)      (3,467)     (5,599)    161.5%
                             ----------   ----------   ---------
Total shareholders' equity      709,801      689,573      20,228       2.9%
                             ----------   ----------   ---------
Total liab and equity        $8,250,337   $7,914,321   $ 336,016       4.2%
                             ==========   ==========   =========
Total int-bearing liab       $6,223,737   $5,840,717   $ 383,020       6.6%
                             ==========   ==========   =========
<PAGE>

                              Quarter Ended June 30,
                             -----------------------
INCOME STATEMENTS               2004         2003      $ Change    % Change
-----------------            ----------   ----------   ---------   --------
Int and fees on loans-FTE    $   73,908   $   72,146   $   1,762       2.4%
Int on securities-taxable        14,825       18,390      (3,565)    -19.4%
Int on securities-tax
  exempt-FTE                      3,026        3,094         (68)     -2.2%
Int on fed funds sold
  and rev repos                      63           94         (31)    -33.0%
Other interest income                 9           11          (2)    -18.2%
                             ----------   ----------   ---------
Total interest income-FTE        91,831       93,735      (1,904)     -2.0%
                             ----------   ----------   ---------
Interest on deposits             13,326       15,653      (2,327)    -14.9%
Interest on fed funds
  pch and repos                   2,156        3,101        (945)    -30.5%
Other interest expense            4,726        4,731          (5)     -0.1%
                             ----------   ----------   ---------
Total interest expense           20,208       23,485      (3,277)    -14.0%
                             ----------   ----------   ---------
Net interest income-FTE          71,623       70,250       1,373       2.0%
Provision for loan losses         1,703        2,649        (946)    -35.7%
                             ----------   ----------   ---------
Net interest income after
  provision-FTE                  69,920       67,601       2,319       3.4%
                             ----------   ----------   ---------
Service charges on
  deposit accounts               13,959       13,070         889       6.8%
Mortgage banking                  9,101         (174)      9,275        n/m
Retail banking - other            4,685        4,798        (113)     -2.4%
Wealth management                 4,958        4,818         140       2.9%
Insurance commissions             4,346        4,095         251       6.1%
Other income                      1,526        2,426        (900)    -37.1%
                             ----------   ----------   ---------
Nonint inc-excl sec gains        38,575       29,033       9,542      32.9%
Security gains                        2        4,021      (4,019)   -100.0%
                             ----------   ----------   ---------
Total noninterest income         38,577       33,054       5,523      16.7%
                             ----------   ----------   ---------
Salaries and employee
  benefits                       32,430       29,497       2,933       9.9%
Services and fees                 8,846        8,011         835      10.4%
Equipment expense                 3,781        3,673         108       2.9%
Net occupancy-premises            3,517        3,160         357      11.3%
Other expense                     6,909        6,574         335       5.1%
                             ----------   ----------   ---------
Total noninterest expense        55,483       50,915       4,568       9.0%
                             ----------   ----------   ---------
Income before income taxes       53,014       49,740       3,274       6.6%
Tax equivalent adjustment         2,075        2,061          14       0.7%
Income taxes                     17,916       16,515       1,401       8.5%
                             ----------   ----------   ---------
Net income                   $   33,023   $   31,164   $   1,859       6.0%
                             ==========   ==========   =========
Earnings per share
  Basic                      $     0.57   $     0.53   $    0.04       7.5%
                             ==========   ==========   =========
  Diluted                    $     0.57   $     0.53   $    0.04       7.5%
                             ==========   ==========   =========

Weighted average shares o/s
  Basic                      58,055,793   59,117,961                  -1.8%
                             ==========   ==========
  Diluted                    58,311,332   59,294,330                  -1.7%
                             ==========   ==========
Period end shares o/s        57,804,333   59,014,613                  -2.1%
                             ==========   ==========
Dividends per share          $   0.1900   $   0.1650                  15.2%
                             ==========   ==========

n/m - not meaningful
<PAGE>

                              Year-to-date June 30,
                             -----------------------
INCOME STATEMENTS               2004         2003      $ Change    % Change
-----------------            ----------   ----------   ---------   --------
Int and fees on loans-FTE    $  145,350   $  143,937   $   1,413       1.0%
Int on securities-taxable        31,021       38,545      (7,524)    -19.5%
Int on securities-tax
  exempt-FTE                      6,097        6,277        (180)     -2.9%
Int on fed funds sold
  and rev repos                     106          176         (70)    -39.8%
Other interest income                21           23          (2)     -8.7%
                             ----------   ----------   ---------
Total interest income-FTE       182,595      188,958      (6,363)     -3.4%
                             ----------   ----------   ---------
Interest on deposits             26,712       31,715      (5,003)    -15.8%
Interest on fed funds
  pch and repos                   4,260        5,827      (1,567)    -26.9%
Other interest expense            9,484        9,763        (279)     -2.9%
                             ----------   ----------   ---------
Total interest expense           40,456       47,305      (6,849)    -14.5%
                             ----------   ----------   ---------
Net interest income-FTE         142,139      141,653         486       0.3%
Provision for loan losses         2,755        5,649      (2,894)    -51.2%
                             ----------   ----------   ---------
Net interest income after
  provision-FTE                 139,384      136,004       3,380       2.5%
                             ----------   ----------   ---------
Service charges on
  deposit accounts               27,285       25,750       1,535       6.0%
Mortgage banking                  7,198       (4,829)     12,027        n/m
Retail banking - other            8,817        9,105        (288)     -3.2%
Wealth management                 9,974        9,498         476       5.0%
Insurance commissions             7,531        7,108         423       6.0%
Other income                      3,452        3,429          23       0.7%
                             ----------   ----------   ---------
Nonint inc-excl sec gains        64,257       50,061      14,196      28.4%
Security gains                       15       12,169     (12,154)    -99.9%
                             ----------   ----------   ---------
Total noninterest income         64,272       62,230       2,042       3.3%
                             ----------   ----------   ---------
Salaries and employee
  benefits                       62,873       65,421      (2,548)     -3.9%
Services and fees                17,225       15,890       1,335       8.4%
Equipment expense                 7,323        7,383         (60)     -0.8%
Net occupancy-premises            6,730        6,146         584       9.5%
Other expense                    13,985       13,794         191       1.4%
                             ----------   ----------   ---------
Total noninterest expense       108,136      108,634        (498)     -0.5%
                             ----------   ----------   ---------
Income before income taxes       95,520       89,600       5,920       6.6%
Tax equivalent adjustment         4,232        4,267         (35)     -0.8%
Income taxes                     31,514       29,685       1,829       6.2%
                             ----------   ----------   ---------
Net income                   $   59,774   $   55,648   $   4,126       7.4%
                             ==========   ==========   =========
Earnings per share
  Basic                      $     1.03   $     0.94   $    0.09       9.6%
                             ==========   ==========   =========
  Diluted                    $     1.02   $     0.93   $    0.09       9.7%
                             ==========   ==========   =========

Weighted average shares o/s
  Basic                      58,161,738   59,512,924                  -2.3%
                             ==========   ==========
  Diluted                    58,449,362   59,667,383                  -2.0%
                             ==========   ==========
Period end shares o/s        57,804,333   59,014,613                  -2.1%
                             ==========   ==========
Dividends per share          $   0.3800   $   0.3300                  15.2%
                             ==========   ==========

n/m - not meaningful
<PAGE>

                                    June 30,
                             -----------------------
NONPERFORMING ASSETS            2004          2003     $ Change    % Change
--------------------         ----------   ----------   ---------   --------
Nonaccrual loans             $   27,001   $   28,916   $  (1,915)     -6.6%
Restructured loans                    -            -           -
                             ----------   ----------   ---------
Total nonperforming loans        27,001       28,916      (1,915)     -6.6%
Other real estate                 6,256        7,116        (860)    -12.1%
                             ----------   ----------   ---------
Total nonperforming assets       33,257       36,032      (2,775)     -7.7%
Loans past due over 90 days       3,574        2,183       1,391      63.7%
                             ----------   ----------   ---------
Total nonperforming
  assets plus past
  due over 90 days           $   36,831   $   38,215   $  (1,384)     -3.6%
                             ==========   ==========   =========

                              Quarter Ended June 30,
                             -----------------------
ALLOWANCE FOR LOAN LOSSES       2004         2003      $ Change    % Change
-------------------------    ----------   ----------   ---------   --------
Beginning Balance            $   74,179   $   74,867   $    (688)     -0.9%
Charge-offs                      (3,827)      (4,791)        964     -20.1%
Recoveries                        2,124        2,094          30       1.4%
Provision for loan losses         1,703        2,649        (946)    -35.7%
                             ----------   ----------   ---------
Ending Balance               $   74,179   $   74,819   $    (640)     -0.9%
                             ==========   ==========   =========

                               Year-to-date June 30,
                             -----------------------
ALLOWANCE FOR LOAN LOSSES      2004         2003       $ Change    % Change
-------------------------    ----------   ----------   ---------   --------
Beginning Balance            $   74,276   $   74,771      $ (495)     -0.7%
Charge-offs                      (7,655)      (9,982)      2,327     -23.3%
Recoveries                        4,803        4,381         422       9.6%
Provision for loan losses         2,755        5,649      (2,894)    -51.2%
                             ----------   ----------   ---------
Ending Balance               $   74,179   $   74,819   $    (640)     -0.9%
                             ==========   ==========   =========

                                         Quarter Ended June 30,
                                        -----------------------
                                           2004         2003
RATIOS                                  ----------   ----------
------
ROA                                          1.61%         1.70%
ROE                                         18.51%        18.76%
Equity generation rate                      12.34%        12.92%
EOP equity/ EOP assets                       8.60%         9.01%
Average equity/average assets                8.70%         9.07%
Interest margin - Yield - FTE                4.93%         5.60%
Interest margin - Cost - FTE                 1.09%         1.40%
Net interest margin - FTE                    3.84%         4.20%
Rate on interest-bearing liab                1.31%         1.74%
Efficiency ratio                            53.73%        50.37%
Expense ratio                                0.91%         1.31%
Net charge offs/average loans                0.13%         0.23%
Prov for loan losses/average loans           0.13%         0.22%
Nonperf loans/total loans                    0.50%         0.60%
Nonperf assets/total loans                   0.62%         0.75%
Nonperf assets/total loans+ORE               0.62%         0.75%
ALL/nonperforming loans                    274.73%       258.75%
ALL/total loans                              1.38%         1.55%
Net loans/total assets                      64.37%        64.44%


COMMON STOCK PERFORMANCE
------------------------
Market value of stock-Close               $ 28.920      $ 25.470
Market value of stock-High                $ 29.990      $ 27.000
Market value of stock-Low                 $ 25.890      $ 23.540
Book value of stock                        $ 12.28       $ 11.26
Tangible book value of stock               $ 10.00        $ 9.45
Tangible equity                          $ 577,858     $ 595,269
Market/Book value of stock                 235.50%       226.20%
Price/Earnings ratio                         12.61         11.98
Dividend payout                             33.33%        31.13%


OTHER DATA
EOP Employees - FTE                          2,465         2,286

<PAGE>

                                         Year-to-date June 30,
                                        -----------------------
                                           2004         2003
RATIOS                                  ----------   ----------
------
ROA                                          1.49%        1.55%
ROE                                         16.91%       16.83%
Equity generation rate                      10.67%       10.92%
EOP equity/ EOP assets                       8.60%        9.01%
Average equity/average assets                8.79%        9.24%
Interest margin - Yield - FTE                5.00%        5.79%
Interest margin - Cost - FTE                 1.11%        1.45%
Net interest margin - FTE                    3.89%        4.34%
Rate on interest-bearing liab                1.34%        1.80%
Efficiency ratio                            53.88%       51.04%
Expense ratio                                1.20%        1.79%
Net charge offs/average loans                0.11%        0.24%
Prov for loan losses/average loans           0.11%        0.24%
Nonperf loans/total loans                    0.50%        0.60%
Nonperf assets/total loans                   0.62%        0.75%
Nonperf assets/total loans+ORE               0.62%        0.75%
ALL/nonperforming loans                    274.73%      258.75%
ALL/total loans                              1.38%        1.55%
Net loans/total assets                      64.37%       64.44%


COMMON STOCK PERFORMANCE
------------------------
Market value of stock-Close               $ 28.920     $ 25.470
Market value of stock-High                $ 30.730     $ 27.000
Market value of stock-Low                 $ 25.890     $ 22.560
Book value of stock                        $ 12.28      $ 11.26
Tangible book value of stock               $ 10.00       $ 9.45
Tangible equity                          $ 577,858    $ 595,269
Market/Book value of stock                 235.50%      226.20%
Price/Earnings ratio                         13.96        13.44
Dividend payout                             36.89%       35.11%

<PAGE>

                                   Quarter Ended
                             -----------------------
AVERAGE BALANCES             6/30/2004     3/31/2004    $ Change   % Change
----------------             ----------   ----------   ---------   --------
Securities AFS-taxable       $1,944,596   $1,875,063   $  69,533       3.7%
Securities AFS-nontaxable        70,569       71,632      (1,063)     -1.5%
Securities HTM-taxable           76,931       84,455      (7,524)     -8.9%
Securities HTM-nontaxable        88,327       89,273        (946)     -1.1%
                             ----------   ----------   ---------
Total securities              2,180,423    2,120,423      60,000       2.8%
                             ----------   ----------   ---------
Loans                         5,288,298    5,063,411     224,887       4.4%
Fed funds sold
  and rev repos                  24,132       17,238       6,894      40.0%
                             ----------   ----------   ---------
Total earning assets          7,492,853    7,201,072     291,781       4.1%
                             ----------   ----------   ---------
Allowance for loan losses       (74,215)     (74,368)        153      -0.2%
Cash and due from banks         337,596      336,755         841       0.2%
Other assets                    486,184      465,950      20,234       4.3%
                             ----------   ----------   ---------
Total assets                 $8,242,418   $7,929,409   $ 313,009       3.9%
                             ==========   ==========   =========

Int-bearing demand dep       $1,350,812   $1,307,488   $  43,324       3.3%
Savings deposits              1,020,639      969,113      51,526       5.3%
Time deposits less
  than $100,000               1,280,910    1,260,671      20,239       1.6%
Time deposits of
  $100,000 or more              456,185      457,432      (1,247)     -0.3%
                             ----------   ----------   ---------
Total interest-bearing dep    4,108,546    3,994,704     113,842       2.8%
Fed funds pch and repos         894,158      892,204       1,954       0.2%
Short-term borrowings           775,093      512,646     262,447      51.2%
Long-term FHLB advances         409,330      512,301    (102,971)    -20.1%
                             ----------   ----------   ---------
Total interest-bearing
  liabilities                 6,187,127    5,911,855     275,272       4.7%
Nonint-bearing deposits       1,283,043    1,258,065      24,978       2.0%
Other liabilities                54,867       54,928         (61)     -0.1%
Shareholders' equity            717,381      704,561      12,820       1.8%
                             ----------   ----------   ---------
Total liab and equity        $8,242,418   $7,929,409   $ 313,009       3.9%
                             ==========   ==========   =========
<PAGE>

PERIOD END BALANCES           6/30/2004    3/31/2004    $ Change   % Change
-------------------          ----------   ----------   ---------   --------
Sec available for sale       $1,992,239   $1,958,767   $  33,472       1.7%
Sec held to maturity            159,173      169,708     (10,535)     -6.2%
                             ----------   ----------   ---------
Total securities              2,151,412    2,128,475      22,937       1.1%
Loans                         5,384,791    5,198,296     186,495       3.6%
Fed funds sold
  and rev repos                  23,102       19,209       3,893      20.3%
                             ----------   ----------   ---------
Total earning assets          7,559,305    7,345,980     213,325       2.9%
                             ----------   ----------   ---------
Allowance for loan losses       (74,179)     (74,179)          -       0.0%
Cash and due from banks         269,560      340,114     (70,554)    -20.7%
Mortgage servicing rights        54,635       47,476       7,159      15.1%
Goodwill                        110,271      110,271           -       0.0%
Identifiable intangibles         21,672       22,064        (392)     -1.8%
Other assets                    309,073      298,737      10,336       3.5%
                             ----------   ----------   ---------
Total assets                 $8,250,337   $8,090,463   $ 159,874       2.0%
                             ==========   ==========   =========

Nonint-bearing deposits      $1,260,238   $1,316,817   $ (56,579)     -4.3%
Int-bearing deposits          3,982,931    4,258,071    (275,140)     -6.5%
                             ----------   ----------   ---------
Total deposits                5,243,169    5,574,888    (331,719)     -6.0%
Fed funds pch and repos         915,121      713,802     201,319      28.2%
Short-term borrowings           944,715      541,716     402,999      74.4%
Long-term FHLB advances         380,970      481,004    (100,034)    -20.8%
Other liabilities                56,561       60,428      (3,867)     -6.4%
                             ----------   ----------   ---------
Total liabilities             7,540,536    7,371,838     168,698       2.3%
                             ----------   ----------   ---------
Common stock                     12,044       12,143         (99)     -0.8%
Surplus                         120,608      133,147     (12,539)     -9.4%
Retained earnings               586,215      564,199      22,016       3.9%
Accum other comprehensive
  (loss) income, net of
  taxes                          (9,066)       9,136     (18,202)   -199.2%
                             ----------   ----------   ---------
Total shareholders' equity      709,801      718,625      (8,824)     -1.2%
                             ----------   ----------   ---------
Total liab and equity        $8,250,337   $8,090,463   $ 159,874       2.0%
                             ==========   ==========   =========

Total int-bearing liab       $6,223,737   $5,994,593   $ 229,144       3.8%
                             ==========   ==========   =========

<PAGE>


                                  Quarter Ended
                             -----------------------
INCOME STATEMENTS             6/30/2004    3/31/2004    $ Change   % Change
-----------------            ----------   ----------   ---------   --------
Int and fees on loans-FTE    $   73,908   $   71,442   $   2,466       3.5%
Int on securities-taxable        14,825       16,196      (1,371)     -8.5%
Int on securities-tax
  exempt-FTE                      3,026        3,071         (45)     -1.5%
Int on fed funds sold
  and rev repos                      63           43          20      46.5%
Other interest income                 9           12          (3)    -25.0%
                             ----------   ----------   ---------
Total interest income-FTE        91,831       90,764       1,067       1.2%
                             ----------   ----------   ---------
Interest on deposits             13,326       13,386         (60)     -0.4%
Interest on fed funds
  pch and repos                   2,156        2,104          52       2.5%
Other interest expense            4,726        4,758         (32)     -0.7%
                             ----------   ----------   ---------
Total interest expense           20,208       20,248         (40)     -0.2%
                             ----------   ----------   ---------
Net interest income-FTE          71,623       70,516       1,107       1.6%
Provision for loan losses         1,703        1,052         651      61.9%
                             ----------   ----------   ---------
Net interest income after
  provision-FTE                  69,920       69,464         456       0.7%
                             ----------   ----------   ---------
Service charges on
  deposit accounts               13,959       13,326         633       4.8%
Mortgage banking                  9,101       (1,903)     11,004        n/m
Retail banking - other            4,685        4,132         553      13.4%
Wealth management                 4,958        5,016         (58)     -1.2%
Insurance commissions             4,346        3,185       1,161      36.5%
Other income                      1,526        1,926        (400)    -20.8%
                             ----------   ----------   ---------
Nonint inc-excl sec gains        38,575       25,682      12,893      50.2%
Security gains                        2           13         (11)    -84.6%
                             ----------   ----------   ---------
Total noninterest income         38,577       25,695      12,882      50.1%
                             ----------   ----------   ---------
Salaries and employee
  benefits                       32,430       30,443       1,987       6.5%
Services and fees                 8,846        8,379         467       5.6%
Equipment expense                 3,781        3,542         239       6.7%
Net occupancy-premises            3,517        3,213         304       9.5%
Other expense                     6,909        7,076        (167)     -2.4%
                             ----------   ----------   ---------
Total noninterest expense        55,483       52,653       2,830       5.4%
                             ----------   ----------   ---------
Income before income taxes       53,014       42,506      10,508      24.7%
Tax equivalent adjustment         2,075        2,157         (82)     -3.8%
Income taxes                     17,916       13,598       4,318      31.8%
                             ----------   ----------   ---------
Net income                   $   33,023   $   26,751   $   6,272      23.4%
                             ==========   ==========   =========

Earnings per share
  Basic                      $     0.57   $     0.46   $    0.11      23.9%
                             ==========   ==========   =========
  Diluted                    $     0.57   $     0.46   $    0.11      23.9%
                             ==========   ==========   =========

Weighted average shares o/s
  Basic                      58,055,793   58,267,684                  -0.4%
                             ==========   ==========
  Diluted                    58,311,332   58,587,611                  -0.5%
                             ==========   ==========
Period end shares o/s        57,804,333   58,280,233                  -0.8%
                             ==========   ==========
Dividends per share          $   0.1900   $   0.1900                   0.0%
                             ==========   ==========

n/m - not meaningful
<PAGE>

NONPERFORMING ASSETS          6/30/2004    3/31/2004    $ Change   % Change
--------------------         ----------   ----------   ---------   --------
Nonaccrual loans             $   27,001   $   27,482   $    (481)     -1.8%
Restructured loans                    -            -           -
                             ----------   ----------   ---------
Total nonperforming loans        27,001       27,482        (481)     -1.8%
Other real estate                 6,256        7,149        (893)    -12.5%
                             ----------   ----------   ---------
Total nonperforming assets       33,257       34,631      (1,374)     -4.0%
Loans past due over 90 days       3,574        5,443      (1,869)    -34.3%
                             ----------   ----------   ---------
Total nonperforming
  assets plus past
  due over 90 days           $   36,831   $   40,074   $  (3,243)     -8.1%
                             ==========   ==========   =========


                                  Quarter Ended
                             -----------------------
ALLOWANCE FOR LOAN LOSSES     6/30/2004    3/31/2004   $ Change    % Change
-------------------------    ----------   ----------   --------    --------
Beginning Balance            $   74,179     $ 74,276   $    (97)      -0.1%
Charge-offs                      (3,827)      (3,828)         1        0.0%
Recoveries                        2,124        2,679       (555)     -20.7%
Provision for loan losses         1,703        1,052        651       61.9%
                             ----------   ----------   --------
Ending Balance               $   74,179   $   74,179   $      -        0.0%
                             ==========   ==========   ========

                                               Quarter Ended
                                          ----------------------
RATIOS                                     6/30/2004   3/31/2004
------                                    ----------   ---------
ROA                                            1.61%       1.36%
ROE                                           18.51%      15.27%
Equity generation rate                        12.34%       8.96%
EOP equity/ EOP assets                         8.60%       8.88%
Average equity/average assets                  8.70%       8.89%
Interest margin - Yield - FTE                  4.93%       5.07%
Interest margin - Cost - FTE                   1.09%       1.13%
Net interest margin - FTE                      3.84%       3.94%
Rate on interest-bearing liab                  1.31%       1.38%
Efficiency ratio                              53.73%      54.04%
Expense ratio                                  0.91%       1.51%
Net charge offs/average loans                  0.13%       0.09%
Prov for loan losses/average loans             0.13%       0.08%
Nonperf loans/total loans                      0.50%       0.53%
Nonperf assets/total loans                     0.62%       0.67%
Nonperf assets/total loans+ORE                 0.62%       0.67%
ALL/nonperforming loans                      274.73%     269.92%
ALL/total loans                                1.38%       1.43%
Net loans/total assets                        64.37%      63.34%


COMMON STOCK PERFORMANCE
------------------------
Market value of stock-Close                 $ 28.920   $  29.020
Market value of stock-High                  $ 29.990   $  30.730
Market value of stock-Low                   $ 25.890   $  28.270
Book value of stock                          $ 12.28   $   12.33
Tangible book value of stock                 $ 10.00   $   10.06
Tangible equity                            $ 577,858   $ 586,290
Market/Book value of stock                   235.50%     235.36%
Price/Earnings ratio                           12.61       15.69
Dividend payout                               33.33%      41.30%


OTHER DATA
----------
EOP Employees - FTE                            2,465       2,425

<PAGE>

NOTES TO CONSOLIDATED FINANCIALS

Note 1- Business Combinations

On March 12, 2004,  Trustmark acquired five branches of Allied Houston Bank in a
business  combination  accounted for by the purchase  method of  accounting.  In
connection with the transaction, Trustmark acquired approximately $148.1 million
in assets and assumed $161.7 million in deposits and other liabilities for a $10
million  deposit  premium.  Assets  consisted of $145.9  million in loans,  $585
thousand in premises and equipment and $1.6 million in other assets.  The assets
and liabilities have been recorded at fair value based on market  conditions and
risk  characteristics  at the  acquisition  date.  Loans were recorded at a $6.4
million  discount,  consisting  of a discount  for  general  credit risk of $7.3
million offset by a market valuation  premium of $862 thousand.  Included in the
credit risk discount of $7.3 million was a specific amount for nonaccrual  loans
of $1.7 million. Subsequent to the purchase date, the unpaid principal for these
nonaccrual  loans were written down to their net  realizable  value  against the
recorded  discount.  Excess cost over tangible net assets acquired totaled $15.7
million,  of which  $426  thousand  and $15.3  million  have been  allocated  to
identifiable intangibles (core deposits) and goodwill, respectively. Trustmark's
financial statements include the results of operations for this acquisition from
the merger date.

On August 29,  2003,  Trustmark  acquired  seven  Florida  branches  of The Banc
Corporation of Birmingham,  Alabama, in a business combination  accounted for by
the purchase method of accounting.  These  branches,  known as the Emerald Coast
Division,  serve the markets from Destin to Panama City. In connection  with the
transaction,  Trustmark  paid a $46.8  million  deposit  premium in exchange for
$232.8 million in assets and $209.2  million in deposits and other  liabilities.
Assets  consisted  of $224.3  million in loans,  $6.8  million in  premises  and
equipment and $1.7 million in other assets.  These assets and  liabilities  have
been recorded at fair value based on market conditions and risk  characteristics
at the  acquisition  date.  Loans  were  recorded  at a $1.9  million  discount,
consisting  of a discount for general  credit risk of $3.5  million  offset by a
market valuation premium of $1.6 million.  Excess costs over tangible net assets
acquired  totaled  $49.5  million,  of which $1.7 million and $47.8 million have
been  allocated  to  identifiable  intangibles  (core  deposits)  and  goodwill,
respectively. Trustmark's financial statements include the results of operations
for this acquisition from the merger date.

Note 2 - Loans and Allowance for Loan Losses

For the periods presented, loans consisted of the following:

                                      6/30/2004     3/31/2004     6/30/2003
                                     ----------    ----------    ----------
Real Estate                          $3,363,658    $3,197,065    $2,759,996
Commercial and industrial               884,340       838,950       761,828
Consumer                                767,298       756,597       748,553
Other                                   369,495       405,684       555,576
                                     ----------    ----------    ----------
Loans                                 5,384,791     5,198,296     4,825,953
Less Allowance for loan losses           74,179        74,179        74,819
                                     ----------    ----------    ----------
Net Loans                            $5,310,612    $5,124,117    $4,751,134
                                     ==========    ==========    ==========

Loans are stated at the amount of unpaid principal,  adjusted for the net amount
of direct costs,  nonrefundable  loan fees and discounts on purchased  loans. As
mentioned in Note 1,  Trustmark  purchased  $370.2  million in net loans through
branch purchase  acquisitions in Florida and Texas. The discount associated with
the acquired loans, which is netted against unpaid principal,  was $10.8 million
and will be accreted  into income over the life of the specific  loans  acquired
for loans which are expected to be fully  collected.  Unpaid  principal on loans
that are not  expected to be fully  collected  will be written  down against the
recorded discount.

The allowance for loan losses is  established  through  provisions for estimated
loan losses  charged  against  earnings and is  maintained  at a level  believed
adequate by Management to absorb estimated probable loan losses. However, in the
case of the acquired  loans in Florida and Texas,  no specific loan loss reserve
was required under generally accepted accounting principles at the purchase date
because the loans were  purchased at a discount which  considered  interest rate
and credit  risk.  As a result,  the ratio of the  allowance  for loan losses to
loans has decreased to 1.38% (see pages 3 and 6) at June 30, 2004.

<PAGE>

Note 3 - Mortgage Banking

For the periods presented,  the carrying amount of mortgage servicing rights are
as follows:

                                      6/30/2004    3/31/2004    6/30/2003
                                      ---------    ---------    ---------
Mortgage Servicing Rights             $  59,315    $  65,476    $  60,103
Valuation Allowance                      (4,680)     (18,000)     (22,423)
                                      ---------    ---------    ---------
Mortgage Servicing Rights, net        $  54,635    $  47,476    $  37,680
                                      =========    =========    =========

Impairment  for mortgage  servicing  rights occurs when the estimated fair value
falls below the underlying  carrying value.  Fair value is determined  utilizing
specific risk  characteristics  of the mortgage loan, current interest rates and
current  prepayment  speeds.  During  the  second  quarter  of  2004,  Trustmark
reclassified $6.6 million of mortgage  servicing right impairment from temporary
to other-than-temporary which reduced the valuation allowance for impairment and
the gross mortgage  servicing  rights balance with no effect to the net mortgage
servicing rights asset. Impairment is considered to be other-than-temporary when
Trustmark  determines  that the  carrying  value is  expected to exceed the fair
value for an extended period of time.

Mortgage  servicing  rights  are rights to service  mortgage  loans for  others,
whether the loans were acquired through purchase or loan origination.  Purchased
mortgage servicing rights are capitalized at cost. For loans originated and sold
where the  servicing  rights are retained,  Trustmark  allocated the cost of the
loan and the  servicing  right based on their  relative  fair  values.  Mortgage
servicing  rights are  amortized  over the  estimated  period of the related new
servicing income. At June 30, 2004,  Trustmark serviced $3.4 billion in mortgage
loans for others.

The following table  illustrates the components of mortgage  banking included in
noninterest income in the accompanying income statements:

                                              Quarter Ended
                                    ---------------------------------
                                    6/30/2004   3/31/2004   6/30/2003
                                    ---------   ---------   ---------
Mortgage servicing income           $   4,217   $   4,228   $   4,235
Mortgage guaranty fees                 (1,126)     (1,095)     (1,146)
                                    ---------   ---------   ---------
  Mortgage servicing, net               3,091       3,133       3,089
Amortization/impairment of
  mortgage servicing rights, net        3,960      (5,734)     (7,886)
Gain on sale of loans                   1,797         550       3,415
Other, net                                253         148       1,208
                                    ---------   ---------   ---------
  Mortgage banking                  $   9,101   $  (1,903)  $    (174)
                                    =========   =========   =========

                                         Year-to-date
                                    ---------------------
                                    6/30/2004   6/30/2003
                                    ---------   ---------
Mortgage servicing income           $   8,445   $   8,561
Mortgage guaranty fees                 (2,221)     (2,362)
                                    ---------   ---------
  Mortgage servicing, net               6,224       6,199
Amortization/impairment of
  mortgage servicing rights, net       (1,774)    (18,677)
Gain on sale of loans                   2,347       7,055
Other, net                                401         594
                                    ---------   ---------
  Mortgage banking                  $   7,198   $  (4,829)
                                    =========   =========
<PAGE>

Note 4 - Net Interest Margin

The following table illustrates the yields on earning assets by category as well
as the rates paid on interest-bearing liabilities on a tax-equivalent basis.

                                         Quarter Ended
                               ---------------------------------
                               6/30/2004   3/31/2004   6/30/2003
                               ---------   ---------   ---------
Securities - Taxable               2.95%       3.32%       4.14%
Securities - Nontaxable            7.66%       7.68%       7.93%
Securities - Total                 3.29%       3.65%       4.45%
Loans                              5.62%       5.67%       6.10%
FF Sold & Rev Repo                 1.05%       1.00%       1.21%
Total Earning Assets               4.93%       5.07%       5.60%

Interest-bearing Deposits          1.30%       1.35%       1.72%
FF Pch & Repo                      0.97%       0.95%       1.20%
Borrowings                         1.60%       1.87%       2.60%
Total Interest-bearing
  Liabilities                      1.31%       1.38%       1.74%

Net interest margin                3.84%       3.94%       4.20%

                                    Year-to-date
                               ---------------------
                               6/30/2004   6/30/2003
                               ---------   ---------
Securities - Taxable               3.13%       4.54%
Securities - Nontaxable            7.67%       7.97%
Securities - Total                 3.47%       4.83%
Loans                              5.65%       6.20%
FF Sold & Rev Repo                 1.03%       1.17%
Total Earning Assets               4.99%       5.79%

Interest-bearing Deposits          1.33%       1.78%
FF Pch & Repo                      0.96%       1.19%
Borrowings                         1.73%       2.72%
Total Interest-bearing
  Liabilities                      1.34%       1.80%

Net interest margin                3.89%       4.34%

Note 5 - Early Retirement Program

In February 2003, Trustmark announced a voluntary early retirement program (ERP)
for associates age 58 and above with ten or more years of service.  This program
was accepted by 116 associates,  or 4.75% of Trustmark's workforce. An after-tax
charge of  approximately  $4.1 million,  or $0.07 per share,  was  recognized in
Trustmark's first quarter 2003 earnings.

Note 6 - Basis of Presentation

Certain reclassifications have been made to prior period amounts to conform with
the current period presentation.



</TEXT>
</DOCUMENT>
