Business
Trustmark Corporation Announces First Quarter 2026 Financial Results
Performance reflects Continued Loan and Deposit Growth, Stable Credit Quality, Expanded Fee Income, and Disciplined Noninterest Expense Management JACKSON,
About this update from Trustmark Corporation
[{"type":"text","content":"\nPerformance reflects Continued Loan and Deposit Growth, Stable Credit Quality, Expanded Fee Income, and Disciplined Noninterest Expense Management\n\n\n JACKSON, Miss.--(BUSINESS WIRE)--\nTrustmark Corporation (NASDAQGS:TRMK) reported net income of $56.1 million in the first quarter of 2026, representing diluted earnings per share of $0.95. Trustmark’s performance during the first quarter produced a return on average tangible equity of 12.58% and a return on average assets of 1.20%. The Board of Directors declared a quarterly cash dividend of $0.25 per share payable June 15, 2026, to shareholders of record on June 1, 2026.\n\nThis press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260428466056/en/\nPrinter friendly version of earnings release with consolidated financial statements and notes: https://www.businesswire.com/news/home/20260428466056/en\n\n\nFirst Quarter Highlights\n\n\n\nLoans held for investment (HFI) increased 1.5% linked-quarter and represented 88.3% of total deposits at March 31, 2026\n\n\n\nCredit quality remained stable, net charge-offs represented 0.04% of average loans\n\n\n\nDeposits expanded to $15.7 billion while the cost of total deposits declined 9 basis points linked-quarter to 1.63%\n\n\n\nNoninterest income increased 2.7% linked-quarter, reflecting in part growth in mortgage banking revenue\n\n\n\nNoninterest expense was unchanged linked-quarter, reflecting on-going expense management priorities\n\n\n\nDuane A. Dewey, President and CEO, stated, “We continued to build upon the strong momentum from our record earnings in 2025 and are pleased with our strong performance in the first quarter of 2026. Our results reflect continued loan growth, stable credit quality, and an attractive core deposit base. In addition, we experienced continued growth in noninterest income while noninterest expense remained unchanged, reflecting our continued focus on expense management. Our associates have done a tremendous job of serving customers, building relationships, and demonstrating the value Trustmark can provide as a trusted financial partner.”\n\n\nBalance Sheet Management\n\n\n\nLoans HFI increased $203.7 million, or 1.5%, during the quarter and $636.5 million, or 4.8%, year-over-year\n\n\n\nDeposits expanded $212.7 million, or 1.4%, linked-quarter and $631.8 ...