Financial Performance - Trustmark reported net income of $56.8 million, or basic and diluted EPS of $0.94, for Q3 2025, compared to $51.3 million, or EPS of $0.84, in Q3 2024, reflecting a return on average tangible equity of 12.84%[232]. - For the nine months ended September 30, 2025, Trustmark reported net income of $166.3 million, or basic and diluted EPS of $2.75, compared to $166.7 million, or EPS of $2.72, for the same period in 2024[233]. - Net income for Q3 2025 was $56,787,000, up 9.54% from $51,330,000 in Q3 2024[251]. - Trustmark's net income from continuing operations for Q3 2025 was $56.787 million, compared to $51.330 million in Q3 2024[260]. - Trustmark's total shareholders' equity reached $2.114 billion at September 30, 2025, an increase of $151.9 million, or 7.7%, compared to December 31, 2024[349]. Revenue and Income Sources - Total revenue for Q3 2025 was $202.4 million, an increase of $10.1 million, or 5.3%, compared to Q3 2024, driven by increases in net interest income and noninterest income[236]. - Noninterest income for Q3 2025 totaled $39.9 million, a 6.3% increase from Q3 2024, driven by growth in mortgage banking[238]. - Noninterest income for the three months ended September 30, 2025, increased by $2,369 thousand, or 6.3%, compared to the same period in 2024, totaling $39,931 thousand[276]. - Noninterest income for the General Banking Segment increased by $185.6 million for the first nine months of 2025 compared to the same period in 2024[285]. Interest Income and Expenses - Net interest income for Q3 2025 totaled $162.4 million, an increase of $7.7 million, or 5.0%, compared to Q3 2024, while interest expense decreased by $16.6 million, or 17.1%[237]. - Total interest income for Q3 2025 was $242,717,000, a decrease of 3.47% from $251,592,000 in Q3 2024[251]. - Interest income-FTE for Q3 2025 totaled $245.5 million, a decrease of $9.4 million, or 3.7%, compared to Q3 2024[265]. - Interest expense for Q3 2025 was $80.3 million, a decrease of $16.6 million, or 17.1%, compared to Q3 2024[267]. Asset and Loan Growth - Loans held for investment (LHFI) reached $13.548 billion at September 30, 2025, marking a 3.5% increase from December 31, 2024[242]. - Total loans increased to $13,776,297,000 in 2025 from $13,316,565,000 in 2024, representing a growth of 3.47%[252]. - Loans secured by real estate rose by $118.4 million, or 1.2%, with other real estate secured loans increasing by $421.9 million, or 25.8%[306]. - Other commercial loans and leases increased by $216.5 million, or 36.8%, during the first nine months of 2025, mainly due to growth in the Mississippi and Georgia market regions[305]. Credit Quality and Loss Provisions - Provision for credit losses (PCL) on loans held for investment (LHFI) for Q3 2025 was $1.4 million, significantly lower than $7.9 million in Q3 2024, reflecting improved credit quality[240]. - The net provision for credit losses (PCL) for the General Banking Segment decreased by $22.0 million, or 65.3%, totaling $11.7 million for the nine months ended September 30, 2025[285]. - Nonperforming assets increased to $92.3 million as of September 30, 2025, a 7.3% rise compared to December 31, 2024[241]. - The Allowance for Credit Losses (ACL) on Loans Held for Investment (LHFI) was $165.2 million, an increase of $5.0 million, or 3.1%, compared to December 31, 2024[326]. Deposits and Liquidity - Total deposits were $15.631 billion at September 30, 2025, an increase of 3.5% compared to December 31, 2024[244]. - Noninterest-bearing deposits rose by $247.6 million, or 8.1%, during the first nine months of 2025, driven by growth in commercial and public accounts[340]. - Trustmark's liquidity and capital resources are deemed sufficient to meet known cash flow requirements as of September 30, 2025[371]. - Trustmark had $1.329 billion in unencumbered Treasury and agency securities available as of September 30, 2025, compared to $1.107 billion at December 31, 2024[366]. Shareholder Returns and Stock Performance - Dividends per common share for the nine months ended September 30, 2025, were $0.72, an increase from $0.69 in 2024[355]. - Trustmark repurchased 1.0 million shares of its common stock valued at $37.1 million during the first nine months of 2025[358]. - The market value per share closed at $39.60, up from $31.82 in the previous year, reflecting a growth of 24.67%[252]. Economic and Regulatory Environment - The Federal Reserve lowered the target federal funds rate to a range of 4.00% to 4.25% in September 2025, impacting Trustmark's net interest margin[226]. - Trustmark's customer base is wholly domestic, but international economic conditions may affect its financial condition and results of operations[225]. - Economic activity showed mixed signals, with strong equity market performance and consumer spending, but persistent inflationary pressures and a softening labor market[225]. - The company is actively monitoring legislative and regulatory developments that may impact its operations, including the recent changes to the Community Reinvestment Act[246].

Group 1 - The article does not provide any relevant content regarding company or industry insights [1]

Financial Data and Key Metrics Changes - Loans held for investment increased by $83 million, or 0.6% linked quarter, and $448 million, or 3.4% year-over-year [5] - Deposit base grew by $550 million, or 3.4% linked quarter, with non-interest-bearing deposits increasing by 5.9% linked quarter [5] - Net income for the third quarter was $56.8 million, representing fully diluted EPS of $0.94, up 2.2% from the prior quarter and 11.9% from the prior year [5][6] - Return on average assets was 1.21% and return on average tangible equity was 12.84% [6] - Net interest income expanded by 2.4% to $165.2 million, with a net interest margin of 3.83%, an increase of two basis points from the prior quarter [6] Business Line Data and Key Metrics Changes - Credit quality remained solid with net charge-offs of $4.4 million, representing 13 basis points of average loans [7] - Non-interest income totaled $39.9 million, up 0.1% linked quarter and 6.3% year-over-year [6] - Non-interest expense increased by $5.8 million, or 4.7% linked quarter, including approximately $2.3 million in non-routine items [6] Market Data and Key Metrics Changes - The company reported diversified loan growth led by commercial and industrial loans, municipal loans, and other real estate secured loans [5] - The total cost of deposits increased by 1.84%, or four basis points linked quarter [5] Company Strategy and Development Direction - The company is focused on organic growth initiatives and enhancing financial performance through hiring in key markets [4][10] - The guidance for loans held for investment is expected to increase mid-single digits for the full year 2025, with low single-digit growth in deposits [9] - The company plans to maintain a disciplined approach to capital deployment, focusing on organic loan growth and potential market expansion [10] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about maintaining momentum and improving financial performance, particularly in key growth markets [10][28] - The company anticipates a continued trend of lower provisions for credit losses compared to the full year 2024 [9] - Management acknowledged the competitive landscape but sees M&A activity as an opportunity for growth [23][29] Other Important Information - The company repurchased $11 million of common stock during the quarter, with a total of $37 million repurchased in the first nine months of the year [8] - The board declared a quarterly cash dividend of $0.24 per share, payable December 15 [8] Q&A Session Summary Question: Can you provide details on recent hiring and future plans? - The company hired approximately 29 new associates in the third quarter, with a focus on key markets like Houston and Atlanta [13][14] Question: Will there be an increase in expenses due to hiring? - Yes, the company expects incremental expense growth related to recent hiring levels [14][15] Question: What are the opportunities for growth in light of recent M&A activity? - Management sees M&A as an opportunity for both hiring and customer acquisition, particularly in competitive markets [22][23] Question: Can you discuss trends in classified and criticized loans? - There was a positive trend with a decrease of about $49 million in criticized loans this quarter [42] Question: What are the expectations for net interest margin and deposit costs? - The company anticipates maintaining net interest margin in the range of 3.80% to 3.83% and expects deposit costs to decrease [36][50]

Financial Data and Key Metrics Changes - Loans held for investment increased by $83 million, or 0.6% linked quarter, and $448 million, or 3.4% year-over-year [5] - Deposit base grew by $550 million, or 3.4% linked quarter, with non-interest-bearing deposits increasing by 5.9% linked quarter [5] - Net income for the third quarter was $56.8 million, representing fully diluted EPS of $0.94, up 2.2% from the prior quarter and 11.9% from the prior year [5] - Return on average assets was 1.21% and return on average tangible equity was 12.84% [6] - Net interest income expanded by 2.4% to $165.2 million, with a net interest margin of 3.83%, an increase of two basis points from the prior quarter [6][7] - Non-interest income totaled $39.9 million, up 0.1% linked quarter and 6.3% year-over-year [7] - Non-interest expense increased by $5.8 million, or 4.7% linked quarter, including approximately $2.3 million in non-routine items [7] Business Line Data and Key Metrics Changes - The growth in loans was diversified, led by commercial and industrial loans, other loans and leases, municipal loans, and other real estate secured loans [5] - Salaries and employee benefits increased by $3.2 million linked quarter due to annual salary merit increases and the cost of additional customer relationship managers [8] Market Data and Key Metrics Changes - Credit quality remained solid with net charge-offs of $4.4 million, representing 13 basis points of average loans in the third quarter [8] - The allowance for credit losses represents 1.22% of loans held for investment [8] Company Strategy and Development Direction - The company is focused on organic growth initiatives and has added customer relationship managers in key markets [4] - The company plans to continue its disciplined approach to capital deployment, with a preference for organic loan growth and potential market expansion [11] - The company is optimistic about maintaining momentum in financial performance and is focused on key growth markets [11][30] Management's Comments on Operating Environment and Future Outlook - Management expects loans held for investment to increase mid-single digits for the full year 2025 and low single-digit growth in deposits [10] - The provision for credit losses is expected to trend lower compared to the full year 2024 [10] - Management is optimistic about maintaining net interest margin in the range of 3.80% to 3.83% [37][52] Other Important Information - The company repurchased $11 million of common stock during the quarter and has $63 million in repurchase authority for the remainder of the year [9] - The board declared a quarterly cash dividend of $0.24 per share, payable December 15 [9] Q&A Session Summary Question: Can you provide details on hiring and future plans? - The company hired approximately 29 new associates in the third quarter, with a focus on key markets like Houston and Atlanta [14] Question: Will there be an increase in expenses due to hiring? - The company expects a slight increase in expenses due to new hires, with about $400,000 attributed to the additional new hires in the third quarter [16] Question: What are the opportunities from recent M&A activity? - Management sees M&A activity as creating opportunities for hiring and customer acquisition, particularly in competitive markets [25] Question: Can you discuss trends in classified and criticized loans? - There was a decrease of about $49 million in criticized loans this quarter, indicating a positive trend [42] Question: What are the expectations for deposit costs and loan yields? - The company anticipates deposit costs to decrease as the Fed cuts rates, with a beta of about 40% expected [52] Question: How does the company plan to fund its balance sheet? - The company aims to maintain a loan-to-deposit ratio in the mid-80s and is confident in its ability to fund loan growth cost-effectively [66]

Financial Data and Key Metrics Changes - Loans held for investment increased by $83 million, or 0.6% linked quarter, and $448 million, or 3.4% year-over-year [4] - Deposit base grew by $550 million, or 3.4% linked quarter, with non-interest-bearing deposits increasing by 5.9% linked quarter [4] - Net income for the third quarter was $56.8 million, representing fully diluted EPS of $0.94, up 2.2% from the prior quarter and 11.9% from the prior year [4][5] - Return on average assets was 1.21% and return on average tangible equity was 12.84% [5] - Net interest income expanded by 2.4% to $165.2 million, with a net interest margin of 3.83%, an increase of two basis points from the prior quarter [5] Business Line Data and Key Metrics Changes - Credit quality remained solid with net charge-offs of $4.4 million, representing 13 basis points of average loans [6] - Non-interest income totaled $39.9 million, up 0.1% linked quarter and 6.3% year-over-year [5] - Non-interest expense increased by $5.8 million, or 4.7% linked quarter, including approximately $2.3 million in non-routine items [5] Market Data and Key Metrics Changes - The company reported a solid trend in criticized loans, with a decrease of about $49 million in the quarter, totaling a decline of $123 million for the first three quarters of the year [34] Company Strategy and Development Direction - The company is focused on organic growth initiatives and has added customer relationship managers in key markets [3][4] - The guidance for loans held for investment is expected to increase in mid-single digits for the full year 2025, with low single-digit growth in deposits [8] - The company plans to maintain a disciplined approach to capital deployment, focusing on organic loan growth and potential market expansion [9] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about maintaining net interest margin in the range of 3.80% to 3.83% despite potential short-term headwinds [31][44] - The company anticipates a proactive approach to share repurchase as capital levels continue to build [17][60] - Management highlighted the competitive landscape in the market, noting that M&A activity presents opportunities for growth [21][26] Other Important Information - The company repurchased $11 million of common stock during the quarter, with a total of $37 million repurchased in the first nine months of the year [6][7] - A quarterly cash dividend of $0.24 per share was declared, payable on December 15 [7] Q&A Session Summary Question: Can you provide details on hiring and future plans? - The company hired approximately 29 new associates in Q3, with a focus on key markets like Houston and Atlanta [12] Question: Will there be an increase in expenses due to hiring? - Yes, the company expects a slight increase in expenses related to new hires, with additional non-routine costs factored in [14][15] Question: How does the company view M&A opportunities? - Management sees M&A as a potential opportunity but emphasizes a focus on organic growth strategies [21][26] Question: What are the trends in classified and criticized loans? - There has been a positive trend with a decrease in criticized loans, contributing to lower provisioning [34] Question: How does the company plan to manage deposit costs? - The company aims to maintain deposit costs while managing competitive pressures and anticipates a drop in deposit costs following Fed rate cuts [43][44]

Financial Performance - Net income totaled $56.8 million, representing fully diluted EPS of $0.94[5] - Revenue in the third quarter totaled $202.4 million, an increase of 1.9% linked quarter and 5.3% year-over-year[5] - Net interest income (FTE) totaled $165.2 million, an increase of 2.4% linked-quarter and 4.6% year-over-year; net interest margin expanded to 3.83%[5] - Noninterest income totaled $39.9 million, up 0.1% linked-quarter and 6.3% year-over year[5] Balance Sheet - Loans held for investment (HFI) increased $83.4 million, or 0.6%, linked-quarter, and a $448.0 million, or 3.4%, increase year-over-year[5] - Total deposits increased $515.1 million, or 3.4%, linked-quarter, and $390.0 million, or 2.6%, from the prior year; cost of total deposits increased 4 basis points to 1.84%[5] - At September 30, 2025, Total Assets were $18.8 billion, Loans (HFI) were $13.5 billion and Total Deposits were $15.6 billion[6] Credit Quality - Net charge-offs totaled $4.4 million, including one charge-off on an individually analyzed loan totaling $3.1 million reserved for in prior periods; NCOs represented 0.13% of average loans[5] - Allowance for credit losses (ACL) represented 1.22% of loans HFI and 239.69% of nonaccrual loans, excluding individually analyzed credits at September 30, 2025[5] Capital Management - Repurchased $11.0 million, or approximately 280 thousand common shares, during third quarter; for the first nine months of 2025, repurchased $37.1 million, or approximately 1.0 million common shares; $62.9 million in remaining share repurchase authorization in 2025[5] - Tangible book value per share of $29.60 at September 30, 2025, up 3.0% linked quarter and 10.1% year-over-year[5]

Core Insights - Trustmark (TRMK) reported revenue of $205.15 million for Q3 2025, a year-over-year increase of 4.9%, with EPS of $0.94 compared to $0.84 a year ago [1] - The revenue fell short of the Zacks Consensus Estimate of $206.2 million by -0.51%, while the EPS was also below the consensus estimate of $0.95 by -1.05% [1] Financial Performance Metrics - Net Interest Margin stood at 3.8%, matching the average estimate from three analysts [4] - Efficiency Ratio was reported at 62%, slightly above the average estimate of 61.9% [4] - Net charge-offs as a percentage of average loans were 0.1%, better than the average estimate of 0.2% [4] - Total nonaccrual loans held for investment (LHFI) were $83.96 million, exceeding the average estimate of $79.91 million [4] - Total nonperforming assets amounted to $92.28 million, higher than the average estimate of $89.28 million [4] - Average balances of total earning assets were $17.11 billion, below the average estimate of $17.25 billion [4] - Net Interest Income was reported at $162.44 million, lower than the average estimate of $163.92 million [4] - Total Noninterest Income was $39.93 million, also below the average estimate of $40.48 million [4] - Net Interest Income (FTE) was $165.22 million, slightly below the average estimate of $166.24 million [4] Stock Performance - Trustmark shares have returned -2.6% over the past month, contrasting with the Zacks S&P 500 composite's +3.6% change [3] - The stock currently holds a Zacks Rank 4 (Sell), indicating potential underperformance relative to the broader market in the near term [3]

分组1 - Trustmark reported quarterly earnings of $0.94 per share, missing the Zacks Consensus Estimate of $0.95 per share, but showing an increase from $0.84 per share a year ago, resulting in an earnings surprise of -1.05% [1] - The company posted revenues of $205.15 million for the quarter ended September 2025, missing the Zacks Consensus Estimate by 0.51%, compared to year-ago revenues of $195.58 million [2] - Trustmark has surpassed consensus EPS estimates three times over the last four quarters and topped consensus revenue estimates two times in the same period [2] 分组2 - Trustmark shares have increased approximately 9.5% since the beginning of the year, while the S&P 500 has gained 16.9% [3] - The company's earnings outlook is crucial for investors, as it includes current consensus earnings expectations for upcoming quarters and any recent changes to these expectations [4] - The current consensus EPS estimate for the coming quarter is $0.94 on revenues of $208.13 million, and for the current fiscal year, it is $3.70 on revenues of $810.47 million [7] 分组3 - The Zacks Industry Rank indicates that the Banks - Southeast industry is currently in the top 26% of over 250 Zacks industries, suggesting a favorable outlook compared to the bottom 50% [8] - Trustmark's estimate revisions trend was unfavorable ahead of the earnings release, resulting in a Zacks Rank 4 (Sell) for the stock, indicating expected underperformance in the near future [6]

Financial Performance - Trustmark Corporation reported net income of $56.8 million for Q3 2025, with diluted earnings per share of $0.94, reflecting a return on average tangible equity of 12.84% and a return on average assets of 1.21%[2]. - Total revenue grew to $202.4 million, an increase of 1.9% linked-quarter and 5.3% year-over-year, driven by net interest income growth[8]. - Net income for Q3 2025 was $55,841,000, reflecting a 10.6% increase from $51,330,000 in Q3 2024[35]. - Basic earnings per share from continuing operations increased by 11.9% year-over-year to $0.92 from $0.84[35]. - Net income from continuing operations for Q3 2025 was $56,787,000, an increase from $51,330,000 in Q3 2024, representing a year-over-year growth of 10.4%[70]. Loans and Deposits - Loans held for investment (HFI) totaled $13.5 billion, increasing by $83.4 million, or 0.6%, linked-quarter and $448.0 million, or 3.4%, year-over-year[5]. - Total deposits reached $15.6 billion, up $515.1 million, or 3.4%, from the prior quarter and $390.0 million, or 2.6%, year-over-year; noninterest-bearing deposits increased by 5.9% linked-quarter[6]. - Loans past due over 90 days rose to $4,853,000, marking a 25.9% increase from the previous quarter and a 9.3% decrease year-over-year[37]. - The total amount of loans secured by 1-4 family residential properties was $3.055 billion as of September 30, 2025[54]. Interest Income and Expenses - Net interest income (FTE) was $165.2 million, up 2.4% linked-quarter and 4.6% year-over-year, with a net interest margin of 3.83%[19]. - Total interest income-FTE for Q3 2025 was $240,080,000, a decrease of 3.7% year-over-year from $254,897,000[35]. - Total noninterest expense rose by 6.2% year-over-year to $125,114,000 from $123,270,000[35]. - Total noninterest expense (GAAP) for Q3 2025 was $130,933,000, compared to $123,270,000 in Q3 2024, showing an increase of 6.2%[71]. Asset Quality - Nonperforming assets totaled $92.3 million, representing 0.67% of loans HFI and loans held for sale at September 30, 2025[11]. - The provision for credit losses was $1.7 million in Q3 2025, a decrease from $4.7 million in the prior quarter[12]. - The allowance for credit losses (ACL) on loans held for investment decreased to $165,242,000, a 1.8% decline from the previous quarter but a 4.6% increase year-over-year[39]. - Total nonperforming assets increased to $92,280,000, a 2.6% increase from the previous quarter and an 18.7% increase year-over-year[37]. Shareholder Equity and Dividends - Shareholders' equity increased by $43,479 thousand, or 2.1%, from $2,070,789 thousand in the previous quarter to $2,114,268 thousand[33]. - Dividends per share remained stable at $0.24, a 4.3% increase from $0.23 year-over-year[35]. - The tangible book value per share increased to $29.60, reflecting a 3.0% increase from the prior quarter and 10.1% from the prior year[10]. Capital Ratios and Efficiency - Total risk-based capital ratio stands at 14.33% as of September 30, 2025, up from 13.71% in Q3 2024[48]. - Efficiency ratio for Q3 2025 is 61.98%, an improvement from 63.79% in Q3 2024[48]. - Common equity tier 1 capital ratio improved to 11.88% as of September 30, 2025, compared to 11.70% in the previous quarter[66]. Investment Activities - Trustmark recognized a gain of $228.3 million ($171.2 million net of taxes) from the sale of its subsidiary, Fisher Brown Bottrell Insurance, Inc.[53]. - Trustmark restructured its investment securities portfolio, selling $1.561 billion of available for sale securities at an average yield of 1.36%, resulting in a loss of $182.8 million ($137.1 million net of taxes)[53]. - Trustmark's investment strategy focuses on asset quality, with 100% of the securities portfolio in U.S. Treasury and government agency obligations[52].

Company Overview - Trustmark (TRMK) is a holding company for Trustmark National Bank, operating in the Finance sector with a year-to-date share price change of 13.43% [3]. Dividend Information - Trustmark currently pays a dividend of $0.24 per share, resulting in a dividend yield of 2.39%, which is higher than the Banks - Southeast industry's yield of 2.23% and the S&P 500's yield of 1.51% [3]. - The company's annualized dividend of $0.96 has increased by 4.3% from the previous year, with a historical average annual increase of 0.46% over the last five years [4]. Earnings Growth - The Zacks Consensus Estimate for Trustmark's earnings in 2025 is projected at $3.70 per share, indicating a year-over-year earnings growth rate of 21.71% [5]. Investment Appeal - Trustmark is considered a compelling investment opportunity due to its attractive dividend and strong Zacks Rank of 1 (Strong Buy) [6].