NASDAQ$TRMK

Trustmark Corporation · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Trustmark reported solid balance sheet growth and record results in insurance and wealth management

Trustmark Corporation reported a net income of $26.2 million for Q4 2021, with diluted earnings per share of $0.42. The banking and mortgage banking businesses performed well, while insurance and wealth management achieved record results. The company experienced significant loan and deposit growth, and credit quality remained strong.

  • Loans held for investment increased by $72.9 million during the quarter.
  • Total deposits increased by $164.3 million linked-quarter.
  • Insurance and Wealth Management businesses had a record year with revenue up 7.4% and 11.3%, respectively.
  • During the fourth quarter, Trustmark repurchased $27.1 million, or approximately 816 thousand of its common shares.

Headline financials

Total Revenue

$152M

Previous: $180M-15.8%
EPS (adj)

$0.42

Previous: $0.81-48.1%
Net Interest Margin

2.5%

Previous: 3.1%-19.7%
Total Capital Ratio

13.6%

Previous: 14.1%-4.0%
Capital Expenditures

$7.86M

Previous: $6.94M+13.2%
Free Cash Flow

$93.7M

Previous: $87.4M+7.2%
Net Income

$26.2M

Previous: $51.2M-48.8%
Operating Income

$31.2M

Previous: $63.1M-50.6%
Cash & Equivalents

$2.27B

Previous: $1.95B+16.1%
Total Assets

$17.6B

Previous: $16.6B+6.3%
Stock-Based Comp

$1.09M

Previous: $1.29M-15.5%

Revenue & EPS history

Trustmark · Revenue · Quarterly

$152M

Q4 2021-15.8%vs Q4 2020
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 continue to focus upon efficiency, growth and innovation opportunities. They will continue to pursue opportunities to redesign workflows and restructure the organization to further leverage investments in technology that will broaden their reach, enhance the customer experience, and improve efficiency. They remain focused on providing the financial services and advice their customers have come to expect while building long-term value for their shareholders.

Tailwinds

  • Focus upon efficiency
  • Focus on growth opportunities
  • Focus on innovation opportunities
  • Pursue opportunities to redesign workflows
  • Restructure the organization to further leverage investments in technology

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 2021

Historical avgQ4 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

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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