- Trustmark Corporation (TRMK, Financial) reported a net income of $53.6 million in Q1 2025, equating to diluted earnings per share of $0.88.
- Total loans held for investment increased by 1.2% quarter-over-quarter, reaching $13.2 billion.
- The Board declared a quarterly cash dividend of $0.24 per share, payable June 15, 2025.
Trustmark Corporation (TRMK) revealed its financial results for the first quarter of 2025, showcasing robust performance supported by loan growth and stable credit quality. The company reported a net income of $53.6 million, or $0.88 per diluted share, for the quarter.
Loans held for investment saw a significant rise, increasing by $151.5 million or 1.2% quarter-over-quarter, totaling $13.2 billion by the end of March 2025. Deposits were relatively stable, recorded at $15.1 billion, though they saw a slight decline of 0.2% from the preceding quarter.
Trustmark maintained a robust capital position with a Common Equity Tier 1 (CET1) ratio of 11.63% and a total risk-based capital ratio of 14.10%. The allowance for credit losses was marked at 1.26% of loans held for investment, reflecting a stable credit quality with net charge-offs at 0.04% of average loans.
Noninterest income for the quarter increased by 4.0% from the previous quarter, totaling $42.6 million, driven by growth across diversified business lines. Simultaneously, noninterest expense was tightly managed, witnessing a decrease of 0.3%, amounting to $124.0 million.
Highlighting its commitment to shareholders, Trustmark’s Board of Directors declared a quarterly cash dividend of $0.24 per share, scheduled for payment on June 15, 2025, to shareholders registered by June 1, 2025. The firm also reported the repurchase of approximately 423 thousand shares worth $15.0 million as part of its $100.0 million stock repurchase program authorized for 2025.
Duane A. Dewey, President and CEO, emphasized the company's strong position to navigate the evolving economic environment supported by its rigorous financial strategies. Trustmark continues to demonstrate its value as a trusted financial partner while managing challenges in the dynamic landscape.
