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Mar 31
Trustmark Q1 2025 Earnings Report
Strong performance reflected continued loan growth, stable credit quality, expanded fee income, and lower noninterest expense.
Key Takeaways
Trustmark Corporation reported net income of $53.6 million in the first quarter of 2025, resulting in diluted earnings per share of $0.88. The company's performance yielded a return on average tangible equity of 13.13% and a return on average assets of 1.19%.
Loans held for investment (HFI) increased 1.2% linked-quarter and represented 87.8% of total deposits at March 31, 2025.
Credit quality remained stable, ACL coverage ratios expanded, and net charge-offs represented 0.04% of average loans.
Deposits remained stable at $15.1 billion while cost of total deposits declined 15 basis points.
Noninterest income increased 4.0% linked-quarter, reflecting the strength of diversified business lines, and noninterest expense decreased 0.3% linked-quarter.
Trustmark
Trustmark
Trustmark Revenue by Segment
Revenue by Segment
Service charges Revenue
CapyFin.comBank card & fees Revenue
CapyFin.comMortgage banking Revenue
CapyFin.comWealth management Revenue
CapyFin.comOther income Revenue
CapyFin.com Forward Guidance
Trustmark's forward-looking statements discuss anticipated future operating and financial performance, including net interest margin, credit quality, business initiatives, growth opportunities, and growth rates, while acknowledging a dynamic and challenging economic environment.
Positive Outlook
- Anticipated future operating and financial performance measures.
- Continued loan growth opportunities and growth rates.
- Stable credit quality outlook.
- Business initiatives aimed at expanding customer relationships.
- Well-positioned with robust capital, liquidity, and profitability to navigate the evolving landscape.
Challenges Ahead
- Potential impact from actions by the Federal Reserve System on market interest rates.
- Risks from local, state, national, and international economic and market conditions, including housing and real estate markets.
- Uncertainty regarding changes in the level of nonperforming assets and charge-offs, and unemployment levels.
- Potential for unexpected adverse outcomes in pending litigation matters.
- Risks related to cyber-attacks, natural disasters, pandemics, and potential market or regulatory effects from new presidential administration policies.