Trustmark Q2 Earnings: Net Income Climbs 13% to $63.5M, NIM Expands, Credit Quality Strengthens
TRMK sits 30% above its 52-week low of $36.05.
Summary
Trustmark reported Q2 2026 net income of $63.5 million ($1.08 EPS), up 13% year-over-year, with net interest margin expanding to 3.84% and nonperforming assets dropping 47.3%. The company repurchased $21.1 million in shares and declared a $0.25 dividend.
Key Events · Earnings and Guidance · TRMK
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Q2 Net Income Rises 13%
Net income reached $63.5 million, or $1.08 per diluted share, compared to $55.8 million ($0.92 EPS) in Q2 2025. Operating net income, which excludes non-routine items, was $56.7 million, or $0.97 per share.
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Net Interest Margin Expands
The net interest margin (FTE) expanded 3 basis points linked-quarter to 3.84%, driven by a 4 basis point decline in total deposit costs to 1.59%. Net interest income (FTE) rose 3.1% to $168.6 million.
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Credit Quality Improves Sharply
Nonperforming assets fell 47.3% linked-quarter to $54.9 million, or 0.39% of loans, following a $73.8 million distressed mortgage loan sale. Excluding the sale, net charge-offs were just 0.03% of average loans.
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Share Buybacks Continue
Trustmark repurchased $21.1 million (475,000 shares) in Q2, bringing first-half 2026 repurchases to $40.9 million under its $100 million authorization. $59.1 million remains available.
Analysis · TRMK · Finance
A strong second quarter saw net income climb 13% year-over-year to $63.5 million, or $1.08 per diluted share. Lower deposit costs helped push the net interest margin 3 basis points higher to 3.84%. Credit quality improved dramatically—nonperforming assets tumbled 47.3% to just 0.39% of loans, thanks in part to a $73.8 million distressed mortgage loan sale. The company also continued its $100 million buyback program, repurchasing $21.1 million in shares during the quarter, and declared a $0.25 quarterly dividend. These results underscore Trustmark's steady execution in a challenging rate environment, with loan and deposit growth, expanding margins, and a clean balance sheet.
At the time of this filing, TRMK was trading at $46.77 on NASDAQ in the Finance sector, with a market capitalization of approximately $2.7B. The 52-week trading range was $36.05 to $48.00. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.