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Mar 31, 2022
Trustmark Q1 2022 Earnings Report
Net income reported solid loan growth and expansion in both net interest income and noninterest income.
Key Takeaways
Trustmark Corporation reported a net income of $29.2 million, with diluted earnings per share of $0.47. The financial performance reflects solid loan growth and expansion in both net interest income and noninterest income.
Total revenue expanded 2.9% from the prior quarter to $153.5 million
Net interest income (FTE) grew 1.1% from the prior quarter to $102.3 million, resulting in a 5 basis point expansion in the net interest margin to 2.58%
Noninterest income increased 6.6% from the prior quarter to $54.1 million, representing 35.3% of total revenue
Credit quality remained strong; provision for credit losses was a negative $2.0 million in first quarter
Trustmark
Trustmark
Trustmark Revenue by Segment
Revenue by Segment
Wealth management Revenue
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