Trustmark Corporation (NASDAQ:TRMK) Q2 2025 Earnings Call July 23, 2025 9:30 AM ET Company Participants Duane Arthur Dewey - President, CEO & Director F. Joseph Rein - Executive VP & Director of Corporate Strategy George T. Chambers - Principal Accounting Officer Robert Barry Harvey - Executive VP and Chief Credit & Operations Officer Thomas C. Owens - Principal Financial Officer & Treasurer Conference Call Participants Catherine Fitzhugh Summerson Mealor - Keefe, Bruyette, & Woods, Inc., Research Division ...

Trustmark (TRMK) Q2 2025 Earnings Call July 23, 2025 09:30 AM ET Company ParticipantsF. Joseph Rein - EVP, Assistant Secretary and Director - Corporate Strategy & Board GovernanceDuane Dewey - President & CEOCatherine Mealor - Managing DirectorRobert Harvey - Executive VP and Chief Credit & Operations OfficerThomas Owens - EVP & CFOTim Mitchell - Senior Equity Research AssociateChristopher Marinac - Director - ResearchGeorge Chambers - EVP & Chief Accounting OfficerFeddie Strickland - DirectorOperatorGood m ...

Financial Data and Key Metrics Changes - Loans held for investment increased by $223 million or 1.7% linked quarter and $374.8 million or 2.9% year to date [4] - Deposit base grew by $35 million during the quarter, with personal and commercial deposits totaling $13 billion at June 30, an increase of $103.8 million or 0.8% from the prior quarter [5] - Net income for the second quarter was $55.8 million, representing fully diluted EPS of $0.92, up 4.5% from the prior quarter [5] - Return on average assets was 1.21% and return on average tangible equity was 13.13% in the second quarter [5] - Net interest income expanded by 4.3% to $161.4 million, producing a net interest margin of 3.81%, an increase of six basis points from the prior quarter [5] - Non-interest income totaled $39.9 million, unchanged linked quarter [6] - Non-interest expense increased by $1.1 million or 0.9% linked quarter [6] - Non-performing assets declined by $5 million or 5.3% linked quarter [7] - CET1 ratio increased by seven basis points to 11.7% [8] Business Line Data and Key Metrics Changes - Growth in loans was diversified across one to four family mortgage loans, other loans and leases, and commercial and industrial loans [4] - Non-interest income was positively impacted by wealth management and brokerage business due to improved financial markets [55] Market Data and Key Metrics Changes - The company is monitoring the impact of tariffs and other administrative policies on its customer base, but has not seen a significant impact at this point [11] Company Strategy and Development Direction - The company is focusing on organic loan growth, potential market expansion, and M&A opportunities [13] - The company is actively recruiting talent in key growth markets such as Houston, Birmingham, Atlanta, and South Alabama [34] - The company is interested in participating in M&A activity but will approach it conservatively [35] Management's Comments on Operating Environment and Future Outlook - The company expects loans held for investment to increase in mid-single digits for the full year, revised upward from low single-digit growth [11] - The net interest margin guidance has been tightened to a range of 3.77% to 3.83% for the full year [12] - The provision for credit losses is expected to trend lower compared to the full year 2024 [12] Other Important Information - The company repurchased $11 million of common stock during the quarter, with a remaining repurchase authority of $74 million for the year [9] - The quarterly cash dividend declared was $0.24 per share [10] Q&A Session Summary Question: What is driving the increase in growth guidance to mid-single digits? - Management indicated it is a combination of good production in non-CRE categories and delays in scheduled maturities for the CRE book [17][18] Question: Is there potential for further profitability improvement? - Management believes there is upside in profitability due to operating leverage and potential net interest margin expansion [20][22] Question: Are there any rate cut assumptions in the NIM guidance? - Management has a baseline forecast that includes a Fed rate cut in September and December, which may impact net interest margin [30] Question: What are the company's thoughts on M&A versus organic growth? - Management is focusing on both organic growth and M&A opportunities, with a conservative approach to M&A [34][35] Question: How does the recent guidance revision impact reserves? - Management noted a slight decrease in the reserve percentage and a reduction in criticized and classified loans, which positively impacts provisioning [42][46]

Financial Performance - Net income totaled $55.8 million, representing fully diluted EPS of $0.92[5] - Revenue in the second quarter totaled $198.6 million, a $4.0 million, or 2.1%, increase from the prior quarter[5] - Net interest income (FTE) totaled $161.4 million, an increase of $6.7 million, or 4.3%, linked-quarter and resulted in a net interest margin of 3.81%[5] Balance Sheet - Loans held for investment (HFI) increased $223.3 million, or 1.7%, linked-quarter to reach $13.5 billion[5,6] - Total deposits increased $35.2 million, or 0.2%, linked-quarter to reach $15.1 billion[5,6] Credit Quality - Nonperforming assets declined $5.0 million, or 5.3%, from the prior quarter[5] - Net charge-offs totaled $4.1 million, representing 0.12% of average loans[5] - Allowance for credit losses (ACL) represented 1.25% of loans HFI, down 1 basis point linked-quarter[5] Capital Management - The company maintained a strong capital position with a CET1 ratio of 11.70% and a total risk-based capital ratio of 14.15%[5] - The company repurchased $11.0 million, or approximately 341 thousand common shares during the second quarter[5]

Profitability Metrics Continue to Expand; Strong Performance Reflects Loan and Deposit Growth, Stable Credit Quality, Robust Fee Income and Disciplined Expense Management Exhibit 99.1 News Release Trustmark Corporation Announces Second Quarter 2025 Financial Results JACKSON, Miss. – July 22, 2025 – Trustmark Corporation (NASDAQGS:TRMK) reported net income of $55.8 million in the second quarter of 2025, representing diluted earnings per share of $0.92. Trustmark's performance during the second quarter produc ...

Wall Street analysts expect Trustmark (TRMK) to post quarterly earnings of $0.86 per share in its upcoming report, which indicates a year-over-year increase of 30.3%. Revenues are expected to be $201.33 million, up 8.3% from the year-ago quarter.Over the last 30 days, there has been no revision in the consensus EPS estimate for the quarter. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.Before a company reveals its earnings, it i ...

Company Overview - Trustmark (TRMK) is expected to report a year-over-year increase in earnings, with a projected EPS of $0.86, reflecting a +30.3% change, and revenues of $201.33 million, up 8.3% from the previous year [3]. Earnings Expectations - The upcoming earnings report is anticipated to be released on July 22, and the stock may rise if the actual results exceed expectations, while a miss could lead to a decline [2]. - The consensus EPS estimate has remained unchanged over the last 30 days, indicating stability in analyst expectations [4]. Earnings Surprise Prediction - Trustmark's Earnings ESP is -5.81%, suggesting a bearish outlook from analysts, as the Most Accurate Estimate is lower than the Zacks Consensus Estimate [11]. - Despite the negative Earnings ESP, Trustmark holds a Zacks Rank of 2, indicating a potential for a positive outcome, although the combination makes it challenging to predict an earnings beat [11]. Historical Performance - Trustmark has a history of beating consensus EPS estimates, having surpassed expectations in the last four quarters, including a +7.32% surprise in the most recent quarter [12][13]. Industry Context - In comparison, F.N.B. (FNB), another player in the Southeast banking industry, is expected to post earnings of $0.33 per share, reflecting a year-over-year decline of -2.9%, with revenues projected at $420.8 million, up 4.2% [17][18].

All investors love getting big returns from their portfolio, whether it's through stocks, bonds, ETFs, or other types of securities. However, when you're an income investor, your primary focus is generating consistent cash flow from each of your liquid investments.While cash flow can come from bond interest or interest from other types of investments, income investors hone in on dividends. A dividend is the distribution of a company's earnings paid out to shareholders; it's often viewed by its dividend yiel ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION (Exact name of registrant as specified in its charter) Washington, D.C. 20549 Form 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 000-03683 Trustmark Corporation Mississippi 64-0471500 (State or other jurisdiction of i ...

Trustmark Corporation (NASDAQ:TRMK) Q1 2025 Results Conference Call April 23, 2025 9:30 AM ET Company Participants Joey Rein - Director of Corporate Strategy Duane Dewey - President & Chief Executive Officer Tom Owens - Chief Financial Officer Barry Harvey - Chief Credit & Operations Officer Tom Chambers - Chief Accounting Officer Conference Call Participants Will Jones - KBW Tim Mitchell - Raymond James Christopher Marinac - Janney Montgomery Scott Operator Good morning, ladies and gentlemen, and welcome t ...