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Jun 30, 2020
Trustmark Q2 2020 Earnings Report
Reflected the value of diversified financial services businesses.
Key Takeaways
Trustmark Corporation reported net income of $32.2 million, representing diluted earnings per share of $0.51. This level of earnings resulted in a return on average tangible equity of 10.32% and a return on average assets of 0.83%.
Pre-tax, pre-provision income totaled $62.1 million, a linked-quarter increase of 9.8% and year-over-year increase of 21.1%
Noninterest income represented 39.8% of revenue in the second quarter and increased 6.5% from the prior quarter
Mortgage loan production increased over 85% linked-quarter and more than doubled year-over-year
Maintained strong capital position with CET1 ratio of 11.42% and total risk-based capital ratio of 13.00%
Revenue by Segment
Forward Guidance
No forward guidance was given in the provided document.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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