Trustmark Corporation reported its financial results for the third quarter and the first nine months of 2025, showing a net income of $56.8 million, or $0.94 per share, compared to $51.3 million, or $0.84 per share, in the same period last year. For the nine months ended September 30, 2025, net income was $166.3 million, or $2.75 per share, slightly down from $166.7 million, or $2.72 per share, in the prior year. The company’s return on average tangible equity was 12.84% for the quarter, reflecting a stable performance despite a challenging economic environment characterized by mixed signals in consumer spending and inflationary pressures.
Total revenue for the third quarter of 2025 was $202.4 million, an increase of 5.3% from $192.3 million in the same quarter of 2024. This growth was driven by a rise in net interest income, which reached $162.4 million, up 5.0% year-over-year, primarily due to a decrease in interest expenses on deposits. However, interest income decreased by 3.5% to $242.7 million, attributed to lower yields on loans held for sale (LHFS) and loans held for investment (LHFI). Noninterest income also increased, totaling $39.9 million, largely due to improved performance in mortgage banking.
Trustmark's loan portfolio showed growth, with LHFI totaling $13.55 billion at the end of September 2025, an increase of 3.5% from the previous year. The growth was driven by increases in commercial loans and loans secured by real estate. The company’s allowance for credit losses (ACL) on LHFI was $165.2 million, reflecting a slight increase from the previous year, primarily due to loan growth and macroeconomic changes. Nonperforming assets rose to $92.3 million, up 7.3% from December 2024, mainly due to an increase in nonaccrual loans.
In terms of strategic developments, Trustmark's Board of Directors declared a quarterly cash dividend of $0.24 per share, payable in December 2025. The company also continued its stock repurchase program, having repurchased 1.0 million shares valued at $37.1 million during the first nine months of 2025. Looking ahead, Trustmark remains focused on maintaining its capital position and liquidity, with total deposits increasing to $15.63 billion, a 3.5% rise from the end of 2024. The company is well-positioned to navigate the current economic landscape and capitalize on growth opportunities.
About TRUSTMARK CORP
Trustmark Corporation is a Mississippi-based bank holding company providing comprehensive banking and financial services through its subsidiary, Trustmark National Bank. Its core activities include commercial, consumer, mortgage, and wealth management banking, serving regional markets in the southeastern U.S. The company emphasizes conservative lending, community development, and diversified revenue streams, competing with national, regional, and local financial institutions while maintaining strong regulatory compliance and capital adequacy.
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