NASDAQ$TRMK
Trustmark Corporation · Q3 2021 earnings
Q3 2021 earnings · · Investor relations
Briefing
Net income impacted by early retirement program and regulatory settlement, balance sheet grew, credit quality remained strong, and expense management was disciplined.
Trustmark Corporation reported a net income of $21.2 million, or $0.34 per diluted share, for the third quarter of 2021. The results were impacted by costs associated with a voluntary early retirement program and a charge to resolve allegations by regulatory authorities regarding fair lending matters.
- Voluntary early retirement program resulted in one-time, pre-tax charge of $5.7 million in the third quarter; expected pre-tax savings of approximately $1.3 million for the remainder of 2021 and $4.3 million in 2022.
- Loans held for investment (HFI) increased $22.0 million, reflecting accelerated payoffs during the quarter while deposits expanded $290.8 million compared to the prior quarter.
- Investment securities increased $470.8 million in the third quarter as excess liquidity was deployed.
- Provision for credit losses, net totaled a negative $3.5 million, reflecting improved credit loss expectations.
Headline financials
Revenue & EPS history
Trustmark · Revenue · Quarterly
$152M
Revenue by segment
Trustmark · $24.1M total across 3 segments · Q3 2020
- Bank Card & Fees$8.84M+5.9%36.7%
- Wealth Management$7.68M-0.2%31.9%
- Service Charges$7.58M-31.5%31.4%
Forward guidance
Trustmark will continue to focus upon efficiency, growth, and innovation opportunities to enhance the customer experience and improve efficiency.
Tailwinds
- Continue to redesign workflows.
- Restructure the organization to leverage investments in technology.
- Enhance the customer experience.
- Improve efficiency.
- Focus on providing services and advice to customers.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q3 2021
-0.2%
Avg return
Earnings day
-0.1%
Avg return
5 days after
+1.5%
Avg return
30 days after
55%
38 / 69 earnings
Positive
+9.8%
Q1 2024
Best reaction
-14.1%
Q4 2022
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -0.2% | -2.6% | -3.0% | |
| Q4 2025 | +2.3% | +4.5% | +3.5% | |
| Q3 2025 | -2.0% | -3.4% | +0.5% | |
| Q2 2025 | -1.2% | -1.6% | +2.7% | |
| Q1 2025 | +0.2% | -0.4% | +2.4% | |
| Q4 2024 | +2.4% | +1.1% | +0.2% | |
| Q3 2024 | +2.0% | +0.9% | +13.2% | |
| Q2 2024 | -1.5% | +3.9% | -7.4% | |
| Q1 2024 | +9.8% | +12.3% | +10.6% | |
| Q4 2023 | -1.6% | +0.4% | -4.4% | |
| Q3 2023 | -6.6% | -5.3% | +10.8% | |
| Q2 2023 | +6.5% | +8.5% | -1.9% | |
| Q1 2023 | +0.5% | +0.5% | -9.7% | |
| Q4 2022 | -14.1% | -13.8% | -9.4% | |
| Q3 2022 | +0.5% | +5.8% | +6.3% | |
| Q2 2022 | +3.8% | +5.9% | +7.6% | |
| Q1 2022 | -2.4% | -4.7% | -1.6% | |
| Q4 2021 | -3.2% | -4.2% | -7.9% | |
| Q3 2021 | -8.5% | -6.2% | -2.4% | |
| Q2 2021 | -1.9% | -2.0% | +5.0% | |
| Q1 2021 | -0.6% | -2.0% | +1.8% | |
| Q4 2020 | -7.1% | -10.2% | +2.1% | |
| Q3 2020 | -5.4% | -3.7% | +8.9% | |
| Q2 2020 | +5.3% | +0.0% | +6.9% | |
| Q1 2020 | +7.3% | +0.3% | -3.8% | |
| Q4 2019 | -2.3% | -3.7% | -14.7% | |
| Q3 2019 | -2.0% | -1.8% | -2.1% | |
| Q2 2019 | +8.7% | +10.6% | +5.4% | |
| Q1 2019 | +3.8% | +5.5% | -2.9% | |
| Q4 2018 | +1.6% | +4.1% | +18.2% | |
| Q3 2018 | -5.8% | -3.7% | +1.8% | |
| Q2 2018 | +0.0% | +0.6% | +2.3% | |
| Q1 2018 | +1.6% | +1.4% | +3.5% | |
| Q4 2017 | -1.5% | -3.6% | -4.6% | |
| Q3 2017 | +0.3% | +1.1% | -1.3% | |
| Q2 2017 | +0.1% | -1.1% | -6.6% | |
| Q1 2017 | +3.0% | +1.2% | -4.3% | |
| Q4 2016 | +2.5% | +2.1% | +3.2% | |
| Q3 2016 | +0.0% | -1.3% | +23.4% | |
| Q2 2016 | +1.9% | +2.2% | +9.5% | |
| Q1 2016 | +0.6% | — | — | |
| Q4 2015 | +4.6% | — | — | |
| Q3 2015 | +2.2% | — | — | |
| Q2 2015 | +0.0% | — | — | |
| Q1 2015 | +2.0% | — | — | |
| Q4 2014 | -7.3% | — | — | |
| Q3 2014 | +2.5% | — | — | |
| Q2 2014 | +1.3% | — | — | |
| Q1 2014 | -1.4% | — | — | |
| Q4 2013 | -3.9% | — | — | |
| Q3 2013 | +2.3% | — | — | |
| Q2 2013 | -0.9% | — | — | |
| Q1 2013 | +5.9% | — | — | |
| Q4 2012 | -3.3% | — | — | |
| Q3 2012 | -0.4% | — | — | |
| Q2 2012 | -2.3% | — | — | |
| Q1 2012 | +1.0% | — | — | |
| Q4 2011 | +0.3% | — | — | |
| Q3 2011 | -4.3% | — | — | |
| Q2 2011 | +0.3% | — | — | |
| Q1 2010 | -0.0% | — | — | |
| Q1 2011 | +1.7% | — | — | |
| Q4 2009 | +1.0% | — | — | |
| Q4 2010 | +1.0% | — | — | |
| Q4 2008 | +1.0% | — | — | |
| Q3 2009 | +0.3% | — | — | |
| Q3 2010 | +0.3% | — | — | |
| Q2 2009 | -6.2% | — | — | |
| Q2 2010 | -6.2% | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro