Trustmark ( (TRMK) ) has released its Q2 earnings. Here is a breakdown of the information Trustmark presented to its investors.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Trustmark Corporation is a financial services company that offers banking and financial solutions through its offices across several states in the U.S., including Alabama, Florida, Georgia, Mississippi, Tennessee, and Texas. In its latest earnings report for the second quarter of 2025, Trustmark Corporation announced a net income of $55.8 million, with diluted earnings per share of $0.92. The company reported a return on average tangible equity of 13.13% and a return on average assets of 1.21%. Additionally, the Board of Directors declared a quarterly cash dividend of $0.24 per share.
Trustmark’s financial performance in the second quarter was marked by a 1.7% increase in loans held for investment, reaching $13.5 billion, and a 0.2% rise in deposits, totaling $15.1 billion. The company’s total revenue expanded by 2.1% to $198.6 million, driven by a 4.3% increase in net interest income. Despite a slight increase in noninterest expense, Trustmark maintained stable credit quality, with nonperforming assets declining by 5.3%.
The company also highlighted its strong capital position, with a CET1 ratio of 11.70% and a total risk-based capital ratio of 14.15%. Trustmark’s stock repurchase program continued, with $11.0 million worth of shares repurchased during the second quarter. The company’s tangible book value per share increased by 3.5% from the previous quarter.
Looking ahead, Trustmark’s management remains optimistic about the company’s ability to create long-term value for shareholders, citing its diversified loan growth, stable credit quality, and effective expense management as key drivers of its solid financial performance.