NASDAQ$TRMK

Trustmark Corporation · Q4 2024 earnings

Q4 2024 earnings · · After market close · Investor relations

Briefing

Earnings and profitability were significantly enhanced, share repurchase activity resumed, and quarterly cash dividend increased.

Trustmark Corporation reported a net income of $56.3 million for Q4 2024, resulting in diluted earnings per share of $0.92. The company saw an increase in net income by $5.0 million from the previous quarter. The Board of Directors announced a 4.3% increase in the regular quarterly dividend to $0.24 per share.

  • Net income for Q4 2024 was $56.3 million, with diluted earnings per share at $0.92.
  • The Board of Directors increased the quarterly dividend by 4.3% to $0.24 per share.
  • Trustmark repurchased $7.5 million of its common shares during the fourth quarter.
  • Total revenue expanded to $196.8 million in the fourth quarter.

Headline financials

Total Revenue

$199M

Previous: $190M+5.0%
EPS (adj)

$0.92

Previous: $0.61+50.8%
Capital Expenditures

-$4.17M

Previous: $6.98M-159.7%
Net Income

$56.3M

Previous: $36.1M+56.0%
Operating Income

$64.9M

Previous: $46.7M+38.9%

Revenue & EPS history

Trustmark · Revenue · Quarterly

$199M

Q4 2024+5%vs Q4 2023
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 is well-positioned for 2025 and beyond.

Tailwinds

  • Continued improvement in profitability
  • Capital levels rose meaningfully
  • Quarterly cash dividend increased
  • Renewed activity in the share repurchase program
  • Expanded sales and service initiatives designed to meet the needs of our customers

Headwinds

  • Actions by the Board of Governors of the Federal Reserve System (FRB) that impact the level of market interest rates
  • Local, state, national and international economic and market conditions
  • Changes in the level of nonperforming assets and charge-offs
  • Changes in our ability to measure the fair value of assets in our portfolio
  • The impacts related to or resulting from bank failures and other economic and industry volatility, including potential increased regulatory requirements

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 2024

Historical avgQ4 2024

-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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