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Sep 30, 2024
Trustmark Q3 2024 Earnings Report
Performance reflected increased earnings, enhanced profitability, and strengthened capital flexibility.
Key Takeaways
Trustmark Corporation reported a net income of $51.3 million in Q3 2024, with diluted earnings per share of $0.84. Net interest income (FTE) increased by $13.7 million, or 9.5%, linked-quarter to $158.0 million, resulting in a net interest margin of 3.69%.
Net income from adjusted continuing operations increased 26.7% linked-quarter to $51.3 million.
Net interest income (FTE) increased 9.5% linked-quarter to $158.0 million, resulting in a net interest margin of 3.69%, up 31 basis points from the prior quarter.
Loans held for investment (HFI) totaled $13.1 billion, a decrease of 0.4% from the prior quarter and an increase of 2.3% year-over-year.
Deposits totaled $15.2 billion, down 1.4% linked-quarter, and up 0.9% year-over-year; excluding targeted reductions in public and brokered deposits totaling $529.7 million, deposits increased 2.1% linked-quarter.
Revenue by Segment
Forward Guidance
Trustmark is well-positioned to compete in changing economic conditions and create long-term value for our shareholders.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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