TRMK Earnings Prediction
The chart below shows how TRMK performed 10 days before and after its earnings report, based on data from the past quarters. Typically, TRMK sees a -3.24% change in stock price 10 days leading up to the earnings, and a +1.17% change 10 days following the report. On the earnings day itself, the stock moves by +0.06%. This data can give you a slight idea of what to expect for the next quarter's release.
TRMK Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
158.07M
16.17%
1.52%
Gross Margin
--
--
--
Operating Margin
41.06%
38.11%
2.37%
Net Margin
35.62%
42.99%
8.04%
EPS
0.91
54.24%
8.33%
No Data Available
TRMK Earnings Analysis
Trustmark Corp Corporation (TRMK.O) Earnings Conference Call
Positive
Net Income Increase: Net income totaled $5,630,000, representing diluted EPS of $0.92 per share, reflecting a linked quarter increase of $5,000,000 or 9.7%.
Net Income Increase: For the full year, net income from adjusted continuing operations totaled $18,630,000 or $3.04 per diluted share, an increase of $2,710,000 or 17% from the prior year.
Non-Interest Income Increase: Non-interest income totaled $41,000,000, up 9% linked quarter, driven by broad-based growth across virtually all fee-based businesses.
Dividend Increase Announcement: The Board announced a 4.3% increase in the regular quarterly dividend to $0.24 per share, raising the indicated annual dividend rate to $0.96 per share from $0.92 per share.
Stock Repurchase Activity: During the quarter, $710,000 was used to repurchase approximately 203,000 shares of common stock, reflecting the company's improved financial performance.
Negative
Loan Portfolio Decline: Loans held for investment decreased by $10,000,000 linked quarter, indicating a lack of growth in the loan portfolio.
Deposit Decline Challenges: Deposits declined by $13,280,000 linked quarter and $46,160,000 year over year, reflecting challenges in maintaining deposit levels.
Credit Loss Provision Increase: The provision for credit losses increased to $7,000,000 during the quarter, indicating heightened concerns over credit quality.
Loan Performance Concerns: Net charge-offs totaled $460,000, representing 0.14% of average loans, suggesting potential deterioration in loan performance.
Rising Non-Interest Expenses: Non-interest expense increased by $120,000 linked quarter, primarily due to rising salary and benefits costs, indicating pressure on cost management.
TRMK FAQs
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TRMK Earning Call Sentiment
Earnings call transcript: Trustmark Q4 2024 beats EPS forecasts, stock rises
TRMK.O
-0.49%Positive
The earnings call reveals strong financial performance with increased net income and EPS, a dividend hike, and a robust capital position. The Q&A indicates stable loan growth and deposit strategies, with management addressing concerns. Despite rising expenses, the company's strategic focus and market expansion plans are promising. The market cap indicates a moderate reaction, leading to a positive stock price prediction.
