Trustmark Corporation reported a net income of $56.1 million for the first quarter of 2026, translating to earnings per share (EPS) of $0.95, an increase from $53.6 million or $0.88 per share in the same period last year. The company's total revenue, defined as net interest income plus noninterest income, rose to $202.9 million, marking a 4.2% increase compared to $194.6 million in the first quarter of 2025. This growth was primarily driven by an increase in net interest income, which reached $160.6 million, up 5.6% from the previous year, attributed to a decrease in interest expenses on deposits and an increase in interest and fees from loans held for sale (LHFS) and loans held for investment (LHFI).
In terms of operational metrics, Trustmark's LHFI increased by $203.7 million, or 1.5%, to $13.878 billion as of March 31, 2026, compared to the end of 2025. This growth was largely due to net increases in commercial and industrial loans, as well as loans secured by real estate. The company also reported a decrease in the provision for credit losses (PCL) for LHFI, totaling $4.7 million, down from $8.1 million in the prior year, reflecting improved credit quality and a decline in reserves required due to macroeconomic forecasts.
Trustmark's total deposits increased by $212.7 million, or 1.4%, to $15.713 billion during the first quarter of 2026. This growth was driven by an increase in both noninterest-bearing and interest-bearing deposits. The company maintained a solid capital position, with total shareholders' equity rising to $2.129 billion, a slight increase from $2.121 billion at the end of 2025. Trustmark's capital ratios remained strong, exceeding all applicable minimum capital standards, with a common equity Tier 1 risk-based capital ratio of 11.70% as of March 31, 2026.
Looking ahead, Trustmark's management expressed confidence in the company's ability to navigate changing economic conditions, supported by a strong capital base and ongoing investments in growth initiatives. The company declared a quarterly cash dividend of $0.25 per share, payable on June 15, 2026, reflecting its commitment to returning value to shareholders. Trustmark's strategic focus on organic growth and maintaining a diversified financial services portfolio positions it well for future opportunities, despite ongoing economic uncertainties and market volatility.
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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