Trustmark Corp. management said the bank is seeing a "very active" M&A landscape and continues to be interested in striking a deal.

President and CEO Duane Dewey reiterated a previous stance that the bank would be interested in acquiring a bank in the Southeast. The Jackson, Miss.-based bank has more than 80% of its deposits in Mississippi and Alabama, according to S&P Global Market Intelligence data.

"We're still very interested in the Southeastern U.S., either expansion in our markets or new markets across the Southeast," Dewey said during the bank's Oct. 27 third-quarter earnings call. "We have tended to categorize it by $500 million to $5 billion [assets] as being the types of organizations that we'd be interested in."

Dewey said the bank was also interested in nonbank acquisition opportunities, highlighting specialty lending as an area of interest. Dewey said the bank would also consider a deal for a fee business, particularly in insurance or wealth management.

On loan growth, management said they expect to deliver mid- to low-single digit low growth in 2022. In the third quarter, the company reported 3.3% year-over-year growth in its loans held for investment.