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Dec 31, 2024
Trustmark Q4 2024 Earnings Report
Earnings and profitability were significantly enhanced, share repurchase activity resumed, and quarterly cash dividend increased.
Key Takeaways
Trustmark Corporation reported a net income of $56.3 million for Q4 2024, resulting in diluted earnings per share of $0.92. The company saw an increase in net income by $5.0 million from the previous quarter. The Board of Directors announced a 4.3% increase in the regular quarterly dividend to $0.24 per share.
Net income for Q4 2024 was $56.3 million, with diluted earnings per share at $0.92.
The Board of Directors increased the quarterly dividend by 4.3% to $0.24 per share.
Trustmark repurchased $7.5 million of its common shares during the fourth quarter.
Total revenue expanded to $196.8 million in the fourth quarter.
Trustmark
Trustmark
Trustmark Revenue by Segment
Revenue by Segment
Service charges Revenue
CapyFin.comBank card & fees Revenue
CapyFin.comMortgage banking Revenue
CapyFin.comWealth management Revenue
CapyFin.comOther income Revenue
CapyFin.com Forward Guidance
Trustmark is well-positioned for 2025 and beyond.
Positive Outlook
- Continued improvement in profitability
- Capital levels rose meaningfully
- Quarterly cash dividend increased
- Renewed activity in the share repurchase program
- Expanded sales and service initiatives designed to meet the needs of our customers
Challenges Ahead
- Actions by the Board of Governors of the Federal Reserve System (FRB) that impact the level of market interest rates
- Local, state, national and international economic and market conditions
- Changes in the level of nonperforming assets and charge-offs
- Changes in our ability to measure the fair value of assets in our portfolio
- The impacts related to or resulting from bank failures and other economic and industry volatility, including potential increased regulatory requirements