NASDAQ$TRMK

Trustmark Corporation · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

Reported solid financial results driven by loan growth, net interest margin expansion, insurance and wealth management performance, and strong credit quality.

Trustmark Corporation reported a net income of $42.5 million for Q3 2022, with diluted earnings per share of $0.69. The results reflect loan growth, strong credit quality, an asset-sensitive balance sheet, and diversified fee income.

  • Loans held for investment increased by $641.2 million, or 5.9%, from the prior quarter.
  • Deposits totaled $14.4 billion, with noninterest-bearing deposits representing 30.2% of total deposits.
  • Total revenue expanded 13.7% from the prior quarter to $188.7 million.
  • Net interest income increased 20.3% from the prior quarter to $139.1 million, resulting in a 60 basis point expansion in the net interest margin to 3.50%.

Headline financials

Total Revenue

$189M

Previous: $152M+23.8%
EPS (adj)

$0.69

Previous: $0.49+40.8%
Net Interest Margin

3.5%

Previous: 2.6%+36.2%
Total Capital Ratio

12.8%

Previous: 14.0%-8.3%
CET1 Ratio

10.6%

Previous: 11.7%-9.0%
Capital Expenditures

-$20.7M

Previous: -$19.5M-5.9%
Free Cash Flow

$21.8M

Previous: $1.7M+1181.5%
Net Income

$42.5M

Previous: $21.2M+100.3%
Operating Income

$160M

Previous: $137M+16.4%
Gross Profit

$176M

Previous: $150M+17.3%
Cash & Equivalents

$480M

Previous: $2.18B-77.9%
Total Assets

$17.2B

Previous: $17.4B-1.0%
Stock-Based Comp

$1.23M

Previous: $1.12M+10.1%

Revenue & EPS history

Trustmark · Revenue · Quarterly

$189M

Q3 2022+23.8%vs Q3 2021
Beat estimate in 7 of 15 quarters(47%)
ActualEstimate

Revenue by segment

Trustmark · $24.1M total across 3 segments · Q3 2020

  • Bank Card & Fees
    $8.84M+5.9%
  • Wealth Management
    $7.68M-0.2%
  • Service Charges
    $7.58M-31.5%

Forward guidance

Trustmark did not provide specific forward guidance in the provided document.

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 2022

Historical avgQ3 2022

-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

Earnings price reactions
QuarterReport dateReaction (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%

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