Trustmark Reports Q2 2026 Net Income $63.5M, Diluted EPS $1.08; Loans and Deposits Rise

Trustmark reported second-quarter 2026 net income of $63.5 million, or diluted earnings per share of $1.08, producing a return on average tangible equity of 14.08% and a return on average assets of 1.33%. Operating net income excluding non-routine items was $56.7 million, or diluted EPS of $0.97. T…

Trustmark reported second-quarter 2026 net income of $63.5 million, or diluted earnings per share of $1.08, producing a return on average tangible equity of 14.08% and a return on average assets of 1.33%. Operating net income excluding non-routine items was $56.7 million, or diluted EPS of $0.97. The board declared a quarterly cash dividend of $0.25 per share payable September 15, 2026.

Financial Highlights

Total revenue: $208.2 million for the quarter (linked-quarter increase of $5.3 million, or 2.6%).
Net income: $63.522 million; diluted earnings per share: $1.08 for Q2 2026 (prior quarter diluted EPS $0.95).
Operating net income (non-GAAP, excluding non-routine items): $56.7 million; adjusted diluted EPS: $0.97.
Net interest income (FTE): $168.6 million for the quarter; net interest margin (FTE) 3.84% (up 3 bps linked-quarter).
Noninterest expense: $133.7 million for the quarter; efficiency ratio (non-GAAP) 62.15%.

Business Highlights

Loans held for investment totaled $13.9 billion at June 30, 2026, up $35.1 million linked-quarter and $448.2 million year-over-year; excluding a sale of delinquent 1-4 family mortgage loans, loans HFI grew $108.9 million linked-quarter.
Deposits increased $358.7 million linked-quarter to $16.1 billion, with noninterest-bearing deposits up $277.9 million; loans HFI represented 86.6% of total deposits.
Credit quality improved materially: nonperforming assets declined 47.3% linked-quarter to $54.9 million and nonaccrual loans declined 48.7% linked-quarter to $49.7 million (sale of delinquent mortgage portfolio drove much of the reduction).
Completed conversion of core deposit and related systems to modern platforms, enabling anticipated enhancements to customer experience and operational efficiency.
Share repurchases: $40.9 million repurchased year-to-date, including $21.1 million in Q2; tangible book value per share rose to $31.07 at quarter end.

Original SEC Filing:

This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.