Business
Trustmark Corporation Announces Third Quarter 2025 Financial Results
Performance Reflects Continued Loan and Deposit Growth, Stable Credit Quality, Expanded Revenue and Strong Profitability Metrics JACKSON, Miss.--(BUSINESS
About this update from Trustmark Corporation
[{"type":"text","content":"\nPerformance Reflects Continued Loan and Deposit Growth, Stable Credit Quality, Expanded Revenue and Strong Profitability Metrics\n\n\n JACKSON, Miss.--(BUSINESS WIRE)--\nTrustmark Corporation (NASDAQGS:TRMK) reported net income of $56.8 million in the third quarter of 2025, representing diluted earnings per share of $0.94. Trustmark’s performance during the third quarter produced a return on average tangible equity of 12.84% and a return on average assets of 1.21%. The Board of Directors declared a quarterly cash dividend of $0.24 per share payable December 15, 2025, to shareholders of record on December 1, 2025.\n\nThis press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20251028256695/en/\nPrinter friendly version of earnings release with consolidated financial statements and notes: https://www.businesswire.com/news/home/20251028256695/en\n\n\nThird Quarter Highlights\n\n\n\nLoans held for investment (HFI) expanded to $13.5 billion, reflecting diversified growth of 0.6% linked-quarter and 3.4% year-over-year\n\n\n\nDeposits expanded to $15.6 billion, up 3.4% linked-quarter and 2.6% year-over-year; noninterest-bearing deposits increased 5.9% linked-quarter and 5.7% year-over-year\n\n\n\nTotal revenue grew to $202.4 million, an increase of 1.9% linked-quarter and 5.3% year-over-year\n\n\n\nNet interest income (FTE) expanded to $165.2 million, up 2.4% linked-quarter and 4.6% year-over-year; net interest margin rose to 3.83% in the third quarter\n\n\n\nNoninterest expense totaled $130.9 million, an increase of 4.7% linked-quarter and 6.2% year-over-year\n\n\n\nProvision for credit losses totaled $1.7 million, a decrease of $3.0 million linked-quarter\n\n\n\nDuane A. Dewey, President and CEO, stated, “Our momentum continues to build as reflected in Trustmark’s solid financial performance in the third quarter. Diversified loan growth and stable credit quality continued along with cost-effective core deposit growth. Our wealth management business performed well while our mortgage business continued to execute well in a challenging operating environment. We continued to implement organic growth initiatives and make investments to capitalize on opportunities in our marketplace. During the quarter, we added established relationship managers and production talent to accelerate profitabl...