NASDAQ$TRMK

Trustmark Corporation · Q4 2019 earnings

Q4 2019 earnings · · Investor relations

Briefing

Trustmark's financial performance reflected improved earning asset mix, continued loan growth, and solid credit quality.

Trustmark Corporation reported a net income of $33.9 million for Q4 2019, with diluted earnings per share of $0.53. The results were impacted by negative hedge ineffectiveness, which reduced net income by $2.2 million, or $0.03 per share. Loans held for investment increased by $112.0 million from the prior quarter.

  • Net income was $33.9 million, or $0.53 per share.
  • Loans held for investment increased $112.0 million from the prior quarter.
  • Cost of interest-bearing deposits declined 11 basis points to 0.85%.
  • Nonperforming loans decreased 9.8% from the prior quarter.

Headline financials

Total Revenue

$156M

Previous: $152M+2.9%
EPS (adj)

$0.56

Previous: $0.55+1.8%
Tangible Equity Ratio

9.7%

No prior period
Total Capital Ratio

13.3%

No prior period
Capital Expenditures

$5.99M

Previous: $3.77M+58.8%
Free Cash Flow

$128M

Previous: $93.7M+37.1%
Net Income

$33.9M

Previous: $36.7M-7.5%
Operating Income

$39.5M

No prior period
Cash & Equivalents

$359M

Previous: $350M+2.7%
Total Assets

$13.5B

Previous: $13.3B+1.6%
Stock-Based Comp

$4.79M

Previous: $3.87M+23.7%

Revenue & EPS history

Trustmark · Revenue · Quarterly

$156M

Q4 2019+2.9%vs Q4 2018
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

Revenue by segment

Trustmark · $38.2M total across 5 segments · Q4 2019

  • Service Charges
    $10.9M
  • Bank Card & Fees
    $8.19M
  • Mortgage Banking
    $7.91M
  • Wealth Management
    $7.76M
  • Other Income
    $3.45M

Forward guidance

Looking ahead to 2020, Trustmark will continue to provide financial services and advice, supporting investments to promote profitable revenue growth, reengineering processes to enhance operational efficiency, realigning delivery channels to support changing customer preferences and managing the franchise for the long-term.

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 Q4 2019

Historical avgQ4 2019

-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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