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Sep 30, 2022
Trustmark Q3 2022 Earnings Report
Reported solid financial results driven by loan growth, net interest margin expansion, insurance and wealth management performance, and strong credit quality.
Key Takeaways
Trustmark Corporation reported a net income of $42.5 million for Q3 2022, with diluted earnings per share of $0.69. The results reflect loan growth, strong credit quality, an asset-sensitive balance sheet, and diversified fee income.
Loans held for investment increased by $641.2 million, or 5.9%, from the prior quarter.
Deposits totaled $14.4 billion, with noninterest-bearing deposits representing 30.2% of total deposits.
Total revenue expanded 13.7% from the prior quarter to $188.7 million.
Net interest income increased 20.3% from the prior quarter to $139.1 million, resulting in a 60 basis point expansion in the net interest margin to 3.50%.
Revenue by Segment
Forward Guidance
Trustmark did not provide specific forward guidance in the provided document.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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