Trustmark (TRMK) in Jackson, Miss., reported net income that missed Wall Street estimates, largely because of a drop in fee income.

The $11.8 billion-asset company's earnings edged up 1% from a year earlier, to $28 million. At 42 cents, Trustmark's earnings per share missed the average estimate of analysts polled by Bloomberg by 4 cents.

Noninterest income fell 10% from a year earlier, to $38.7 million. Mortgage banking revenue fell 54% from a year earlier.

Net interest income rose 23% from a year earlier, to $105.6 million. The net interest margin expanded 16 basis points from a year earlier, to 4.10%.

Noninterest expense rose 20% from a year earlier, to $104.9 million. The company had a $2 million loan-loss recovery. Net chargeoffs totaled just $201,000 in the fourth quarter.

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