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Trustmark (TRMK)
:TRMK
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Earnings Data
Report Date
Jan 28, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.83Last Year’s EPS
0.61Same Quarter Last Year
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 23, 2018
|% Change Since: 2.80%
|Next Earnings Date:Jul 24, 2018
Earnings Call Sentiment|Neutral
The earnings call reflects a mixed sentiment with strong net income growth, improved efficiency, and a stable deposit base, but offset by declines in noninterest income, increased expenses, and fluctuations in loans and deposits.Company Guidance
During the Trustmark Corporation's Q3 2024 earnings call, the guidance provided highlighted several key metrics. The company reported a net income of $51.3 million with diluted earnings per share of $0.84, reflecting a 26.7% growth in net income from adjusted continuing operations. The efficiency ratio improved by 282 basis points, influenced by a 9.5% increase in net interest income to $158 million, and an expansion of the net interest margin by 31 basis points to 3.69%. Loans held for investment experienced a minor decrease of $55 million linked-quarter but rose $290 million year-over-year. Deposits declined by $222 million linked-quarter, primarily due to targeted reductions, yet excluding these reductions, deposits increased over $300 million. Noninterest income stood at $37.6 million, while noninterest expense rose by $4.9 million, primarily due to salary increases, incentives, and ORE expenses. Trustmark's capital ratios expanded, with tangible equity to tangible assets increasing by 55 basis points to 9.07%, and the CET1 ratio rising by 38 basis points to 11.3%. The total risk-based capital ratio reached 13.71%, and the tangible book value per share grew by 6.5% from the previous quarter. The company declared a $0.23 dividend, payable on December 15. For full-year 2024, Trustmark projects low single-digit loan growth, stable securities balances, mid-single-digit increases in net interest income, and low to mid-single-digit growth in noninterest income, with noninterest expenses expected to remain unchanged from adjusted continuing operations.Increased Net Income and Efficiency
Net income totaled $51.3 million, with a 26.7% growth in net income from adjusted continuing operations and a 282 basis point improvement in the efficiency ratio.
Growth in Net Interest Income
Net interest income increased by $13.7 million or 9.5% linked-quarter to $158 million, with the net interest margin expanding 31 basis points to 3.69%.
Improved Capital Ratios
Tangible equity to tangible assets increased 55 basis points to 9.07%, CET1 ratio expanded 38 basis points to 11.3%, and total risk-based capital ratio expanded 42 basis points to 13.71%.
Stable and Strong Deposit Base
Deposits totaled $15.2 billion with a year-over-year increase of $139 million or 0.9%, and noninterest-bearing DDA balances remained resilient at over 20% of the deposit base.
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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 |
|---|---|---|---|
| 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% |
| Jan 23, 2024 | $27.15 | $26.79 | -1.33% |
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 (TRMK) report earnings?
Trustmark (TRMK) is schdueled to report earning on Jan 28, 2025, TBA Not Confirmed.
What is Trustmark (TRMK) earnings time?
Trustmark (TRMK) earnings time is at Jan 28, 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 2024 (Q4) is 0.83.
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