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Trustmark Corp. (TRMK)
NASDAQ:TRMK
Earnings Data
Report Date
Apr 29, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.82Last Year’s EPS
0.68Same Quarter Last Year
Moderate Buy
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Jan 28, 2025
|% Change Since: 2.22%
|Next Earnings Date:Apr 29, 2025
Earnings Call Sentiment|Positive
Trustmark Corporation reported a strong financial performance in the fourth quarter and full year 2024, with notable earnings growth, increased dividends, and enhanced capital ratios. The company also managed its expenses effectively and resumed share repurchase activities. However, there were challenges in loan and deposit volumes, as well as slight increases in nonperforming assets. Overall, the positive aspects of the earnings call outweigh the lowlights, indicating a solid financial position.Company Guidance
During Trustmark Corporation's fourth-quarter earnings call for fiscal year 2024, the company provided comprehensive financial guidance for 2025. Trustmark reported a net income of $56.3 million, with diluted EPS of $0.92, reflecting a 9.7% increase from the previous quarter. The return on tangible common equity was 13.68%, and the return on average assets stood at 1.23%. Loans held for investment totaled $13.1 billion, while deposits were at $15.1 billion by year-end. Revenue for the fourth quarter was $196.8 million, with net interest income at $158.4 million, resulting in a net interest margin of 3.76%. Noninterest income rose to $41 million, a 9% increase from the prior quarter. Trustmark's capital ratios improved, with tangible equity to tangible assets increasing to 9.13% and the CET1 ratio expanding to 11.54%. The company authorized a $100 million share repurchase program for 2025 and announced a 4.3% increase in its quarterly dividend to $0.24 per share. For 2025, Trustmark anticipates low single-digit growth in loans and deposits, with net interest income projected to rise in the mid to high single digits.Earnings Growth
Net income for Q4 totaled $56.3 million, with a diluted EPS of $0.92, marking an increase of $5 million or 9.7% from the previous quarter.
Full Year Financial Performance
For the full year 2024, net income from adjusted continuing operations was $186.3 million, an increase of $27.1 million or 17% from the prior year.
Dividend Increase
The Board announced a 4.3% increase in the regular quarterly dividend to $0.24 per share from $0.23 per share.
Share Repurchase Program
The company resumed share repurchase activities, repurchasing $7.1 million or approximately 203,000 shares of common stock.
Noninterest Income Growth
Noninterest income in Q4 was $41 million, up 9% from the previous quarter. For the full year, noninterest income totaled $156.1 million, an increase of 5.2% from the prior year.
Expense Management
Noninterest expense for the full year was $485.7 million, a decline of $2.1 million from the prior year, reflecting diligent expense management.
Capital Ratio Improvement
Trustmark's capital ratios expanded, with the CET1 ratio increasing 24 basis points to 11.54% and the total risk-based capital ratio expanding 26 basis points to 13.97%.
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TRMK Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TRMK Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Jan 28, 2025 | $36.52 | $37.38 | +2.35% |
| Oct 22, 2024 | $34.30 | $34.24 | -0.17% |
| Jul 23, 2024 | $34.00 | $33.17 | -2.44% |
| Apr 23, 2024 | $26.99 | $28.76 | +6.56% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Trustmark Corp. (TRMK) report earnings?
Trustmark Corp. (TRMK) is schdueled to report earning on Apr 29, 2025, TBA Not Confirmed.
What is Trustmark Corp. (TRMK) earnings time?
Trustmark Corp. (TRMK) earnings time is at Apr 29, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TRMK EPS forecast?
TRMK EPS forecast for the fiscal quarter 2025 (Q1) is 0.82.
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