Trustmark Q1 Revenue Misses Estimates, Adjusted EPS at $0.95
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Trustmark Corp reported Q1 revenue of $202.90 million, falling short of analyst estimates of $205.24 million. The regional bank also reported adjusted earnings per share (EPS) of $0.95 for the quarter. Despite the revenue miss, the company noted linked-quarter loan and deposit growth, and a 2.7% rise in noninterest income. Trustmark repurchased $19.8 million in shares during the quarter, continuing its previously authorized buyback program. The revenue miss indicates performance below market expectations, which could put pressure on the stock, especially given its proximity to a 52-week high. The company did not provide specific guidance for the current quarter or full year, adding some uncertainty.
At the time of this announcement, TRMK was trading at $45.50 on NASDAQ in the Finance sector, with a market capitalization of approximately $2.7B. The 52-week trading range was $33.09 to $45.99. This news item was assessed with negative market sentiment and an importance score of 7 out of 10. Source: Reuters.