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Dec 31, 2020
Trustmark Q4 2020 Earnings Report
Net income of $51.2 million, or $0.81 per diluted share, was reported.
Key Takeaways
Trustmark Corporation reported a net income of $51.2 million, resulting in diluted earnings per share of $0.81 for Q4 2020. The quarter produced a return on average tangible equity of 15.47% and a return on average assets of 1.28%.
Net income was $51.2 million, with diluted earnings per share at $0.81.
Loans held for investment decreased by $23.2 million, or 0.2%, during the quarter.
Total deposits increased by $826.4 million, or 6.2%, during the quarter.
Mortgage banking revenue totaled $28.2 million and represented 15.9% of total revenue.
Trustmark
Trustmark
Trustmark Revenue by Segment
Revenue by Segment
Wealth management Revenue
CapyFin.com Forward Guidance
Trustmark will focus upon efficiency, growth and innovation opportunities while building upon its solid risk management processes, corporate culture and core values. The company will continue to optimize delivery channels to reflect changing customer preferences and introduce technology to enhance growth and efficiency opportunities.
Positive Outlook
- Focus on efficiency
- Focus on growth
- Focus on innovation opportunities
- Building upon solid risk management processes
- Optimize delivery channels to reflect changing customer preferences