Business
Trustmark Corporation Announces Second Quarter 2025 Financial Results
Profitability Metrics Continue to Expand; Strong Performance Reflects Loan and Deposit Growth, Stable Credit Quality, Robust Fee Income and Disciplined
About this update from Trustmark Corporation
[{"type":"text","content":"\nProfitability Metrics Continue to Expand; Strong Performance Reflects Loan and Deposit Growth, Stable Credit Quality, Robust Fee Income and Disciplined Expense Management\n\n\n JACKSON, Miss.--(BUSINESS WIRE)--\nTrustmark Corporation (NASDAQGS:TRMK) reported net income of $55.8 million in the second quarter of 2025, representing diluted earnings per share of $0.92. Trustmark’s performance during the second quarter produced a return on average tangible equity of 13.13% and a return on average assets of 1.21%. The Board of Directors declared a quarterly cash dividend of $0.24 per share payable September 15, 2025, to shareholders of record on September 1, 2025.\n\nThis press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250722679369/en/\nPrinter friendly version of earnings release with consolidated financial statements and notes: https://www.businesswire.com/news/home/20250722679369/en\n\n\nSecond Quarter Highlights\n\n\n\nLoans held for investment (HFI) increased to $13.5 billion, reflecting diversified growth of 1.7% linked-quarter\n\n\n\nCredit quality remained stable, nonperforming assets declined linked-quarter, and net charge-offs represented 0.12% of average loans\n\n\n\nDeposits increased to $15.1 billion while cost of total deposits declined 3 basis points to 1.80%\n\n\n\nTotal revenue expanded $4.0 million, or 2.1%, linked-quarter to $198.6 million\n\n\n\nNet interest income (FTE) increased $6.7 million, or 4.3%, linked-quarter, producing a net interest margin of 3.81%\n\n\n\nNoninterest expense increased $1.1 million, or 0.9%, linked-quarter to $125.1 million\n\n\n\nDuane A. Dewey, President and CEO, stated, “Our momentum continues to build as reflected in our solid financial performance in the second quarter of 2025. Diversified loan growth and solid credit quality continued. We were also successful in building and expanding attractive, cost-effective core deposit relationships. Our mortgage banking and wealth management businesses also performed well. These accomplishments are the results of our focused efforts to expand customer relationships and diligently manage expenses. Our associates have done a tremendous job of serving customers, building relationships, and demonstrating the value Trustmark can provide as their financial partner. We are well-positioned to c...