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Sep 30, 2020
Trustmark Q3 2020 Earnings Report
Net income of $54.4 million, representing diluted earnings per share of $0.86, was reported.
Key Takeaways
Trustmark Corporation reported a strong third quarter with a net income of $54.4 million, resulting in diluted earnings per share of $0.86. The performance reflects the value of diversified financial services businesses, with significant year-over-year growth in pre-tax, pre-provision income and maintained solid capital base and liquidity position.
Pre-tax, pre-provision income totaled $62.9 million, a linked-quarter increase of 1.4% and year-over-year increase of 26.0%.
Noninterest income represented 41.0% of revenue in the third quarter and increased 6.0% from the prior quarter
Maintained strong capital position with CET1 ratio of 11.36% and total risk-based capital ratio of 12.88%
Mortgage loan production in the third quarter totaled $885.8 million, an increase of 3.8% from the prior quarter and a 56.5% increase year-over-year
Revenue by Segment
Forward Guidance
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Historical Earnings Impact
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Avg. Return Before/After Earnings
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