Trustmark Corporation Announces Fourth Quarter and Fiscal Year 2025 Financial Results

Core Insights - Trustmark Corporation reported a net income of $57.9 million for Q4 2025, with diluted earnings per share of $0.97, and a total net income of $224.1 million for the full year, resulting in diluted earnings per share of $3.70 [1] - The company achieved a return on average tangible equity of 12.97% and a return on average assets of 1.21% in 2025 [1] - Trustmark's Board of Directors announced a 4.2% increase in its quarterly dividend to $0.25 per share, reflecting the company's profitability and financial strength [1] Financial Performance - Total revenue reached a record level of $799.8 million in 2025, an increase of $238.8 million, or 42.6%, compared to 2024 [1] - Net interest income (FTE) totaled $647.2 million in 2025, up 8.4%, producing a net interest margin of 3.80%, an increase of 29 basis points from the prior year [1] - Noninterest income totaled $41.2 million in Q4 2025, up 3.3% from the prior quarter, representing 20.2% of total revenue [1] Loan and Deposit Growth - Loans held for investment (HFI) increased by $584.3 million, or 4.5%, in 2025, totaling $13.7 billion at year-end [1] - Deposits increased by $391.6 million, or 2.6%, in 2025, totaling $15.5 billion at December 31, 2025 [1] - Noninterest-bearing deposits represented 19.6% of total deposits at December 31, 2025 [1] Credit Quality - Net charge-offs represented 0.13% of average loans for the year, with total provision for credit losses at $1.2 million in Q4 2025 [1] - The allowance for credit losses (ACL) represented 1.15% of loans HFI at year-end [1] - Nonaccrual loans totaled $84.4 million at December 31, 2025, reflecting an increase of $4.3 million year-over-year [1] Capital Management - Trustmark repurchased approximately 2.2 million shares of common stock, or 3.5% of shares outstanding at December 31, 2024 [1] - The company maintained a strong capital position with a CET1 ratio of 11.72% and a total risk-based capital ratio of 14.41% [1] - Tangible book value per share increased to $30.28 at December 31, 2025, a rise of 2.3% from the prior quarter and 13.5% from the prior year [1]