NASDAQ$TRMK

Trustmark Corporation · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

Net income of $51.2 million, or $0.81 per diluted share, was reported.

Trustmark Corporation reported a net income of $51.2 million, resulting in diluted earnings per share of $0.81 for Q4 2020. The quarter produced a return on average tangible equity of 15.47% and a return on average assets of 1.28%.

  • Net income was $51.2 million, with diluted earnings per share at $0.81.
  • Loans held for investment decreased by $23.2 million, or 0.2%, during the quarter.
  • Total deposits increased by $826.4 million, or 6.2%, during the quarter.
  • Mortgage banking revenue totaled $28.2 million and represented 15.9% of total revenue.

Headline financials

Total Revenue

$180M

Previous: $156M+15.4%
EPS (adj)

$0.81

Previous: $0.56+44.6%
Net Interest Margin

3.1%

No prior period
Total Capital Ratio

14.1%

Previous: 13.3%+6.6%
CET1 Ratio

11.6%

No prior period
Capital Expenditures

$6.94M

Previous: $5.99M+15.9%
Free Cash Flow

$87.4M

Previous: $128M-31.9%
Net Income

$51.2M

Previous: $33.9M+50.9%
Operating Income

$63.1M

Previous: $39.5M+59.8%
Cash & Equivalents

$1.95B

Previous: $359M+444.0%
Total Assets

$16.6B

Previous: $13.5B+22.6%
Stock-Based Comp

$1.29M

Previous: $4.79M-73.1%

Revenue & EPS history

Trustmark · Revenue · Quarterly

$180M

Q4 2020+15.4%vs Q4 2019
Beat estimate in 10 of 16 quarters(63%)
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 will focus upon efficiency, growth and innovation opportunities while building upon its solid risk management processes, corporate culture and core values. The company will continue to optimize delivery channels to reflect changing customer preferences and introduce technology to enhance growth and efficiency opportunities.

Tailwinds

  • Focus on efficiency
  • Focus on growth
  • Focus on innovation opportunities
  • Building upon solid risk management processes
  • Optimize delivery channels to reflect changing customer preferences

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 2020

Historical avgQ4 2020

-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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