other material
confidence high
sentiment negative
materiality 0.30
Trustmark to eliminate NSF fees on consumer checking accounts by Dec 2022; expects $2M annual revenue reduction in 2023
TRUSTMARK CORP
- NSF fees for all consumer checking accounts eliminated by December 31, 2022.
- Estimated annual revenue impact of approximately $2 million reduction in 2023.
- De minimis transaction amount to be established to eliminate overdraft charges for small dollar transactions; impact not yet determined.