Trustmark (TRMK, Financial) announced its financial results for the first quarter of 2025, reporting a revenue of $194.6 million. This figure came in slightly below the market consensus, which anticipated $195.35 million. Despite this minor shortfall, the company remains optimistic about its performance in the first three months of the year.
The management attributed its outcomes to several key factors, including continued expansion in loan portfolios and stable credit quality. Additionally, Trustmark saw growth in noninterest income, while managing to reduce noninterest expenses. These efforts underscore the bank's strategic focus on enhancing customer relationships and maintaining a tight rein on costs.
A significant highlight for the quarter was Trustmark's achievement of an "Outstanding" rating under the Community Reinvestment Act (CRA). This is the highest rating available and reflects the bank's commitment to serving community needs and building strong customer connections. The leadership praised the dedicated efforts of its team members in reinforcing Trustmark's role as a trusted financial partner.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 5 analysts, the average target price for Trustmark Corp (TRMK, Financial) is $41.45 with a high estimate of $45.25 and a low estimate of $36.00. The average target implies an upside of 22.63% from the current price of $33.80. More detailed estimate data can be found on the Trustmark Corp (TRMK) Forecast page.
Based on the consensus recommendation from 6 brokerage firms, Trustmark Corp's (TRMK, Financial) average brokerage recommendation is currently 2.5, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Trustmark Corp (TRMK, Financial) in one year is $43.92, suggesting a upside of 29.94% from the current price of $33.8. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Trustmark Corp (TRMK) Summary page.
