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Dec 31, 2021
Trustmark Q4 2021 Earnings Report
Trustmark reported solid balance sheet growth and record results in insurance and wealth management
Key Takeaways
Trustmark Corporation reported a net income of $26.2 million for Q4 2021, with diluted earnings per share of $0.42. The banking and mortgage banking businesses performed well, while insurance and wealth management achieved record results. The company experienced significant loan and deposit growth, and credit quality remained strong.
Loans held for investment increased by $72.9 million during the quarter.
Total deposits increased by $164.3 million linked-quarter.
Insurance and Wealth Management businesses had a record year with revenue up 7.4% and 11.3%, respectively.
During the fourth quarter, Trustmark repurchased $27.1 million, or approximately 816 thousand of its common shares.
Revenue by Segment
Forward Guidance
Trustmark will continue to focus upon efficiency, growth and innovation opportunities. They will continue to pursue opportunities to redesign workflows and restructure the organization to further leverage investments in technology that will broaden their reach, enhance the customer experience, and improve efficiency. They remain focused on providing the financial services and advice their customers have come to expect while building long-term value for their shareholders.
Positive Outlook
- Focus upon efficiency
- Focus on growth opportunities
- Focus on innovation opportunities
- Pursue opportunities to redesign workflows
- Restructure the organization to further leverage investments in technology
Historical Earnings Impact
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Avg. Return Before/After Earnings
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