Trustmark’s fourth quarter results aligned with market expectations for revenue, with adjusted earnings per share outpacing analyst consensus. Management attributed the quarter’s performance to steady loan growth in its traditional banking segment, stronger profitability in mortgage banking, and record revenue in wealth management. CEO Duane Dewey highlighted that efforts to expand production talent and diversify the loan portfolio contributed to performance, while disciplined expense management and a cost-effective deposit base supported margins.
Is now the time to buy TRMK? Find out in our full research report (it’s free for active Edge members).
Trustmark (TRMK) Q4 CY2025 Highlights:
- Revenue: $204.1 million vs analyst estimates of $204.4 million (3.7% year-on-year growth, in line)
- Adjusted EPS: $0.97 vs analyst estimates of $0.91 (6.4% beat)
- Adjusted Operating Income: $70.73 million vs analyst estimates of $73.63 million (34.7% margin, 3.9% miss)
- Market Capitalization: $2.58 billion
While we enjoy listening to the management's commentary, our favorite part of earnings calls are the analyst questions. Those are unscripted and can often highlight topics that management teams would rather avoid or topics where the answer is complicated. Here is what has caught our attention.
Our Top 5 Analyst Questions From Trustmark’s Q4 Earnings Call
- Stephen Scouten (Piper Sandler) asked about fourth quarter production hires and the impact of industry M&A on talent acquisition; CEO Duane Dewey explained that 13 new production hires were made and industry consolidation creates opportunities for attracting talent.
- Stephen Scouten (Piper Sandler) also questioned guidance on credit normalization, to which Chief Credit and Operations Officer Barry Harvey clarified expectations for net charge-offs and provisioning, citing improved credit quality and resolved legacy credits.
- Gary Tenner (D.A. Davidson) inquired about the levers influencing 2026 guidance; CFO Tom Owens highlighted the importance of loan growth and capital deployment, while Dewey cited improving mortgage and wealth management segments.
- Feddie Strickland (Hovde Group) questioned the cadence of expense growth; Chief Accounting Officer Tom Chambers noted that merit increases and performance-related expenses would concentrate in the latter half of the year.
- Christopher Marinac (Janney) asked about internal incentives for deposit growth; Owens detailed the increased emphasis on deposit acquisition in compensation structures and satisfaction with cost-effective deposit growth.
Catalysts in Upcoming Quarters
In the coming quarters, the StockStory team will monitor (1) the pace and breadth of loan and deposit growth resulting from new talent and market expansion, (2) sustained improvements in credit quality and stability in net charge-offs, and (3) the effectiveness of expense management as investments in technology and personnel continue. Updates on potential M&A activity and progress in noninterest income streams will also serve as important indicators of execution.
Trustmark currently trades at $42.93, up from $41.14 just before the earnings. At this price, is it a buy or sell? See for yourself in our full research report (it’s free).
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