📈 Price History

Ratio Health

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📊 Sector Averages

About

Trustmark Corporation operates as the bank holding company for Trustmark National Bank that provides banking and other financial solutions to individuals and corporate institutions in the United States.

Key Ratios Snapshot

📈 Growth Pattern

⚡ Latest Quarter —

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🔍 Concall Decoded

🎙 Management Tone Tracker Confident Specific → Stable 4 quarters analysed

Q2 2025

Confident Specific

Management uses precise numbers and raised forward guidance (loan growth from low to mid single digits, NIM range tightened to 3.77%-3.83%) and emphasizes 'momentum,' 'solid performance,' and 'disciplined' expense and capital management.

Q3 2025

Confident Specific

Management repeatedly used words like 'momentum', 'pleased', and 'optimistic', while providing precise numbers (e.g., $83M loan growth, $550M deposit growth, net interest margin 3.83%) and tightening guidance ranges, indicating a self-assured and data-backed tone.

Q4 2025

Confident Specific

Management repeatedly used phrases like 'record earnings', 'continued momentum', 'solid credit quality', and gave precise numerical guidance ranges for NIM (3.80%-3.85%), loan/deposit growth (mid-single digits), and net charge-offs (13-15 bps).

Q1 2026 latest

Confident Specific

Management provided exact EPS ($0.95), ROA (1.2%), ROE (12.58%), and affirmed all forward guidance with specific ranges (NIM 3.80-3.85%). Language like 'strong momentum' and 'pleased with strong performance' reinforces confidence.

Guidance Reliability Pending · <3Q data

Investor Lens

The investment thesis remains largely unchanged after this call. Trustmark delivered solid Q1 results with strong loan growth, stable credit, and disciplined capital return. Guidance was affirmed but not raised, suggesting management sees no catalyst for acceleration despite a strong start. Key watch items: the pace of CRE payoff headwinds, the impact of mortgage hedge ineffectiveness on non-interest income, and whether new production hires drive revenue growth later in the year. The lack of upward guidance revision may temper near-term enthusiasm, but the overall stability and capital discipline support the current thesis.

AI-generated concall tone analysis · Updated 2026-06-09 · Not investment advice

🎙 Management Tone Confident Specific → Stable 4 quarters Full tone analysis in Intelligence →

📊 MIXED Trustmark Q1 2026 net income $56.1M, EPS $0.95, NIM 3.81%.

Revenue & Profitability

Net income of $56.1 million produced diluted EPS of $0.95, with ROAA of 1.2% and ROATE of 12.58%. Loans held for investment increased $203.7 million (1.5%) linked-quarter and $636.5 million (4.8%) year-over-year. Deposits grew $212.7 million (1.4%) linked-quarter and $631.8 million (4.2%) year-over-year. Net interest margin was unchanged at 3.81%. Non-interest income rose 2.7% to $42.3 million. Non-interest expense was flat at $132.2 million. Net charge-offs were $1.3 million (4 bps). CET1 ratio stood at 11.7%.

Outlook

Management affirmed full-year 2026 guidance, expecting loan and deposit growth in single to mid-single digits, a net interest margin of 3.80%-3.85%, and mid-single digit growth in net interest income, non-interest income, and non-interest expense. They noted that market implied forwards have removed any further Fed rate cuts, leading to expectations of relative stability in rates.

Growth Drivers

Loan growth is driven by C&I production and steady CRE activity, with CRE payoffs expected to be spread out. The company is adding new production talent in high-growth markets and expanding its wealth management business. The brokerage platform has stabilized following a transition to Raymond James, which is expected to support improved performance.

Balance Sheet & CapEx

Not discussed in this earnings call.

Margins

Net interest margin is expected to remain in the 3.80%-3.85% range for the full year, with gradual linked-quarter accretion of about one basis point. Deposit costs are projected to decline slightly in Q2 then stabilize, while loan yields are also expected to drift slightly lower. Operating leverage is anticipated to be roughly break-even due to investments in revenue producers and technology.

Key Risks

Management flagged CRE loan payoff headwinds from maturities as a risk, though they are expected to be spread out. The mortgage business includes negative hedge ineffectiveness, which is a wildcard for non-interest income. One CRE credit moved to non-accrual but was isolated with a letter of intent in place. Market conditions and geopolitical issues are tempering M&A discussions.

Generated by AI · Q1 2026 results · Not investment advice

✓ 📞 Earnings Call Transcripts (5 quarters) submit a missing quarter

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📞 Earnings Call Transcripts (5)

Q2 2026 Q2 2026 2026-07-29

Q2 saw strong loan and deposit growth, improved credit quality, and a successful core system conversion. Net income reached $63.5M, with robust margin and efficiency gains expected to continue. Guidance for mid-single-digit growth in loans and deposits is affirmed.

Q1 2026 Q1 2026 2026-04-29

First quarter 2026 saw strong net income, stable margins, and robust loan and deposit growth, with guidance reaffirmed for mid-single-digit growth in key metrics. Share repurchases and dividends continued, while credit quality and capital ratios remained solid.

Q4 2025 Q4 2025 2026-01-28

Record 2025 results featured strong net income, loan and deposit growth, and robust capital returns. 2026 guidance calls for mid-single digit growth in loans, deposits, and income, with disciplined capital deployment and continued focus on organic expansion.

Q3 2025 Q3 2025 2025-10-29

Q3 saw strong loan and deposit growth, stable credit quality, and improved profitability. Guidance affirms mid-single digit loan growth and tighter net interest margin for 2025, with continued focus on organic expansion and disciplined capital deployment.

Q2 2025 Q2 2025 2025-07-23

Q2 saw higher profitability, loan and deposit growth, and improved credit quality, with upward revisions to loan growth and net interest income guidance for 2025. Capital ratios and tangible book value increased, while M&A and organic growth remain strategic priorities.

📊 Analysis Methodology

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