Trustmark Corp (TRMK) Misses Q1 EPS by 1c

Trustmark Corp (NASDAQ: TRMK) reported Q1 EPS of $0.51, $0.01 worse than the analyst estimate of $0.52.

First Quarter Highlights

• Net interest margin (FTE), excluding acquired loans, was 3.60% in the first quarter, up 10 basis points from the prior quarter and 23 basis points year-over-year
• Core noninterest expense, which excludes other real estate expense and intangible amortization, totaled $103.2 million in the first quarter, up 0.6% from the prior quarter and 3.0% year-over-year
• Sustained strong credit performance as reflected in the reduction in nonperforming assets

Gerard R. Host, President and CEO, stated, “We had a great start to the new year as reflected by profitable loan and deposit growth and solid performance in our insurance business. Additionally, we maintained disciplined expense management and continued to effectively deploy capital through our share repurchase program. We remain committed to managing the franchise for the long term, providing investments to promote profitable revenue growth, realigning delivery channels to support changing customer preferences, as well as efficiency programs that enhance long-term shareholder value.”

For earnings history and earnings-related data on Trustmark Corp (TRMK) click here.

You May Also Be Interested In

• BofA lists top 5 themes driving next $1tn in incremental semi sales
• Korn Ferry (KFY) Tops Q4 EPS by 2c, Beats on Revenue; Offers Q1 Guidance
• KeyBanc Downgrades Primoris Services Corporation (PRIM) to Sector Weight