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Trustmark Corp. (TRMK)
NASDAQ:TRMK
Earnings Data
Report Date
Jul 29, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.85Last Year’s EPS
0.66Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Apr 22, 2025
|% Change Since: -1.36%
|Next Earnings Date:Jul 29, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted strong loan growth, effective expense management, and improved capital ratios, though there were concerns about potential slowdowns in loan origination due to economic uncertainties and increased competition affecting pricing.Company Guidance
During the first quarter of fiscal year 2025, Trustmark Corporation exhibited strong financial performance with several key metrics underscoring its growth and stability. The company reported a net income of $53.6 million, translating to a fully diluted EPS of $0.88 per share. Trustmark experienced a 1.2% increase in loans held for investment, amounting to $151 million, while maintaining stable credit quality with net charge-offs of $1.4 million, representing 4 basis points of average loans. The cost of total deposits decreased by 15 basis points to 1.83%, and net interest income reached $155 million, yielding a net interest margin of 3.75%. Non-interest income rose by 4% from the previous quarter, totaling approximately $43 million, driven by growth in mortgage banking and wealth management. The company also managed to reduce non-interest expenses by $419,000 quarter-over-quarter. Trustmark's capital ratios improved, with the CET1 ratio at 11.63% and the risk-based capital ratio climbing to 14.1%. The company repurchased $15 million of its common stock, with $85 million remaining in repurchase authority for the year. Trustmark's forward guidance for 2025 anticipates low single-digit growth in loans and deposits, with a net interest margin projected to be between 3.75% and 3.85%. Non-interest income and non-interest expenses from adjusted continuing operations are both expected to increase by mid-single digits for the full year.Continued Loan Growth
Loans held for investment increased by $151 million or 1.2% linked quarter, showing diversified growth across various segments.
Stable Credit Quality
Net charge-offs totaled $1.4 million, representing 4 basis points of average loans, and the allowance for credit losses expanded to 1.2% of loans held for investment.
Improved Capital Ratios
CET1 ratio expanded to 11.63%, and the risk-based capital ratio increased by 13 basis points to 14.1%.
Expense Management Success
Non-interest expense declined by $419,000 linked quarter, continuing a trend from the previous year.
Shareholder Value Enhancement
Repurchase of $15 million of Trustmark common stock with a remaining repurchase authority of $85 million.
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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 |
|---|---|---|---|
| Apr 22, 2025 | $33.80 | $33.88 | +0.24% |
| Jan 28, 2025 | $36.28 | $37.13 | +2.34% |
| Oct 22, 2024 | $34.07 | $34.01 | -0.18% |
| Jul 23, 2024 | $33.78 | $32.96 | -2.43% |
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 Jul 29, 2025, TBA Not Confirmed.
What is Trustmark Corp. (TRMK) earnings time?
Trustmark Corp. (TRMK) earnings time is at Jul 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 (Q2) is 0.85.
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