Welcome to our dedicated page for Trustmark news (Ticker: TRMK), a resource for investors and traders seeking the latest updates and insights on Trustmark stock.
Trustmark Corporation reports developments as a bank holding company and financial services provider operating through Trustmark Bank across Alabama, Florida, Georgia, Mississippi, Tennessee and Texas. Recurring updates cover quarterly earnings, loan and deposit trends, credit quality, net interest and fee income, mortgage banking, wealth management, dividends and share repurchase activity.
Company news also includes customer-service partnerships, digital banking offerings, executive appointments and board actions tied to the banking franchise. Trustmark’s releases generally frame performance through traditional banking, mortgage banking, insurance, wealth management and trust services.
Trustmark (TRMK) reported strong Q1 2025 financial results with net income of $53.6 million and diluted EPS of $0.88. The company achieved a return on average tangible equity of 13.13% and return on average assets of 1.19%.
Key highlights include:
- Loans held for investment increased 1.2% quarter-over-quarter, representing 87.8% of total deposits
- Deposits remained stable at $15.1 billion with declining cost of total deposits by 15 basis points
- Noninterest income grew 4.0% from previous quarter
- Noninterest expense decreased 0.3% quarter-over-quarter
The company maintained strong capital position with CET1 ratio of 11.63% and total risk-based capital ratio of 14.10%. Credit quality remained stable with net charge-offs at 0.04% of average loans. The Board declared a quarterly cash dividend of $0.24 per share payable June 15, 2025.
Trustmark (TRMK) has scheduled its first quarter 2025 financial results announcement for Tuesday, April 22, 2025, after market close. The company will host an earnings conference call on Wednesday, April 23, 2025, at 8:30 a.m. Central Time, led by President and CEO Duane A. Dewey.
Investors and analysts can access the conference call by dialing (877) 317-3051 or through the Investor Relations section of Trustmark's website. A replay will be available until May 7, 2025, via the website or by calling (877) 344-7529 with passcode 6656565.
Trustmark operates as a financial services company providing banking and financial solutions across six states: Alabama, Florida, Georgia, Mississippi, Tennessee and Texas.
Trustmark (TRMK) reported strong Q4 2024 performance with net income of $56.3 million, up 9.7% quarter-over-quarter, delivering diluted EPS of $0.92. The company achieved a return on average tangible equity of 13.68% and return on average assets of 1.23%.
For full-year 2024, adjusted continuing operations net income reached $186.3 million, or $3.04 per diluted share, representing a 17% increase from 2023. The Board approved a 4.3% increase in quarterly dividend to $0.24 per share and resumed share repurchase activity, buying back $7.5 million worth of shares in Q4.
Key highlights include total revenue from adjusted continuing operations of $740.5 million, up 5.6% year-over-year, and net interest income growth of 5.4% to $597 million. The company maintained strong capital ratios with CET1 at 11.54% and improved efficiency ratio by 400 basis points to 63.26%.
Trustmark (NASDAQGS:TRMK) has scheduled its fourth quarter 2024 financial results announcement for Tuesday, January 28, 2025, after market close. The company will hold an earnings conference call on Wednesday, January 29, 2025, at 8:30 a.m. Central Time, led by President and CEO Duane A. Dewey.
Investors and interested parties can access the conference call by dialing (877) 317-3051 or through the Investor Relations section of Trustmark's website. A replay will be available until February 12, 2025, via the website or by calling (877) 344-7529 with passcode 2478325.
Trustmark operates as a financial services company providing banking and financial solutions across Alabama, Florida, Georgia, Mississippi, Tennessee and Texas.
Trustmark (NASDAQGS:TRMK) reported net income of $51.3 million in the third quarter of 2024, with diluted earnings per share of $0.84. This represents a 26.7% increase in net income from adjusted continuing operations compared to the previous quarter. Key highlights include:
- Net interest income (FTE) increased 9.5% to $158.0 million
- Net interest margin improved to 3.69%, up 31 basis points
- Loans held for investment totaled $13.1 billion, up 2.3% year-over-year
- Deposits totaled $15.2 billion, up 0.9% year-over-year
- Efficiency ratio improved 282 basis points to 60.99%
- Return on average tangible equity of 12.86%
The Board of Directors declared a quarterly cash dividend of $0.23 per share payable December 15, 2024.
Trustmark (NASDAQGS:TRMK) has announced it will release its third quarter 2024 financial results on Tuesday, October 22, 2024, after market close. The company will hold an earnings conference call on Wednesday, October 23, 2024, at 8:30 a.m. Central Time.
President and CEO Duane A. Dewey will lead the call with analysts to discuss the financial results. Interested parties can join the call by dialing (877) 317-3051 or accessing it through the Investor Relations section of Trustmark's website. A replay will be available until November 6, 2024, via the website or by calling (877) 344-7529 with passcode 9091375.
Trustmark is a financial services company offering banking and financial solutions across Alabama, Florida, Georgia, Mississippi, Tennessee, and Texas.
Trustmark (NASDAQGS:TRMK) reported Q2 2024 net income of $73.8 million, or $1.20 per diluted share. Net income from adjusted continuing operations was $40.5 million, or $0.66 per diluted share. Key highlights include:
- Completed sale of Fisher Brown Bottrell Insurance, resulting in a $228.3 million gain
- Restructured investment securities portfolio, generating a $182.8 million loss
- Loans held for investment increased 0.7% to $13.2 billion
- Deposits expanded 0.8% to $15.5 billion
- Net interest income (FTE) increased 6.0% to $144.3 million
- Net interest margin improved 17 basis points to 3.38%
- Tangible book value per share increased 14.5% to $25.23
The company maintained a strong capital position with a CET1 ratio of 10.92% and total risk-based capital ratio of 13.29%.
Trustmark (NASDAQGS:TRMK) will announce its second quarter 2024 financial results on July 23, 2024, after market close. The President and CEO, Duane A. Dewey, will hold a conference call on July 24, 2024, at 8:30 a.m. Central Time to discuss these results. Interested parties can join the call by dialing (877) 317-3051 or via the Investor Relations section on the Trustmark website. A replay will be available until August 7, 2024, by calling (877) 344-7529, passcode 4456612. Trustmark provides banking and financial solutions across various states including Alabama, Florida, Georgia, Mississippi, Tennessee, and Texas. Further information can be found on their website.
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